Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the Massachusetts before hiring.
Showing 6 reverse mortgage specialists in Longmeadow, MA
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Maldonado Mortgages
175 Dwight Rd Suite 100, Longmeadow, MA 01106
4132104204
Snook Mortgages
175 Dwight Rd, Longmeadow, MA 01106
4132525006
Fairway Independent Mortgage Company
175 Dwight Rd Suite 100, Longmeadow, MA 01106
4139490422
Mortgage Giver
1650 Longmeadow St, Longmeadow, MA 01106
4135676176
Drew Andrew Townsend | Fairway Independent Mortgage Corporation Mortgage Planner
175 Dwight Rd Suite 100, Longmeadow, MA 01106
4132525002
Louise Larocque | Fairway Independent Mortgage Corporation Senior Loan Officer
175 Dwight Rd Suite 100, Longmeadow, MA 01106
4135756220
What Does a Reverse Mortgage Specialist in Longmeadow Cost?
Typical costs for a reverse mortgage specialist in Massachusetts include an origination fee of up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees for appraisal, title search, and recording. Total costs often range from 2,000 to 8,000 dollars depending on the property value and loan type. This is general information, not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What qualifications do reverse mortgage specialists need in Massachusetts?
Specialists must be licensed mortgage loan originators in Massachusetts. They must also complete annual continuing education on reverse mortgage products and federal HUD requirements.
Are there income limits for a reverse mortgage in Longmeadow?
No, Massachusetts does not set income limits for reverse mortgages. However lenders review your ability to pay property taxes, insurance, and home maintenance costs. You must also attend a counseling session approved by HUD.
How long does the reverse mortgage process take in Massachusetts?
The process typically takes 30 to 60 days from application to closing. This includes the mandatory counseling session, property appraisal, and under review by the lender. Delays can occur if documents are incomplete.