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Compare Reverse Mortgage Specialists in Shrewsbury, MA

Compare reverse mortgage specialists in Shrewsbury. Review contact information and insurance categorys before you decide.

4 agents listed
Updated May 2026
Shrewsbury, MA
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 4 reverse mortgage specialists in Shrewsbury, 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.
Security First Mortgage Funding
21 N Quinsigamond Ave, Shrewsbury, MA 01545
5088533000
Drew Mortgage Associates Inc
196 Boston Tpke, Shrewsbury, MA 01545
5087531656
Diego Ciccarelli Mortgage Loan Officer
196 Boston Tpke, Shrewsbury, MA 01545
7745356929
Alibaba Lending
10 Vinnie Way, Shrewsbury, MA 01545
5083357163

Reverse mortgage specialists in Shrewsbury help homeowners aged 62 and older convert home equity into tax-free funds. Massachusetts law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage. Shrewsbury residents can use these funds for home repairs, medical expenses, or supplementing retirement income.

What Does a Reverse Mortgage Specialist in Shrewsbury Cost?

Typical costs for a reverse mortgage 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 such as appraisal and title search. Total closing costs often range from 2,000 to 6,000 dollars. These costs can be financed into the loan. This is general information and 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 are the age requirements for a reverse mortgage in Shrewsbury?
Borrowers must be at least 62 years old. All owners listed on the title must meet this age requirement unless a non-borrowing spouse exception applies under Massachusetts law.
Do I need counseling before getting a reverse mortgage in Massachusetts?
Yes. Massachusetts law requires all borrowers to complete a counseling session with a HUD-approved counselor. This session must occur before you submit your loan application.