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Compare Reverse Mortgage Specialists in South Boston, MA
Compare reverse mortgage specialists in South Boston. Review contact information and insurance categorys before you decide.
6 agents listed
Updated May 2026
South Boston, 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 6 reverse mortgage specialists in South Boston, 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.
Garett Edward Seney | Fairway Home Mortgage | Mortgage Advisor
470 W Broadway, South Boston, MA 02127
6173374572
Nate Moghadam | Fairway Home Mortgage | NMLS #906770
470 W Broadway, South Boston, MA 02127
6179453632
Julian Hernandez at Fairway Independent Mortgage Corporation
380 W Broadway Unit 101, South Boston, MA 02127
6172573887
Fairway Home Mortgage
470 W Broadway, South Boston, MA 02127
6174561700
Frank L Chandler | Fairway Independent Mortgage Corporation Reverse Mortgage Planner
380 W Broadway Unit 101, South Boston, MA 02127
6173374567
Bonny M Gilbert | Fairway Independent Mortgage Corporation Loan Officer
380 W Broadway Unit 101, South Boston, MA 02127
8573006775
A reverse mortgage specialist in South Boston Massachusetts helps homeowners aged 62 and older access home equity without monthly payments. Massachusetts law requires borrowers to complete HUD approved counseling before obtaining a Home Equity Conversion Mortgage or HECM. Specialists in South Boston guide clients through the FHA insured loan process and explain how the loan affects Massachusetts homestead protections.
What Does a Reverse Mortgage Specialist in South Boston Cost?
Typical costs for a reverse mortgage in Massachusetts include an origination fee up to 6000 dollars, a HUD mortgage insurance premium of 2 percent of the appraised value, and third party fees for appraisal title and recording. Closing costs in South Boston generally range from 3000 to 8000 dollars. Costs vary by loan amount and property value. 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 are the age requirements for a reverse mortgage in South Boston Massachusetts?
Borrowers must be at least 62 years old. If married the younger spouse must also be 62 to be on the loan. Massachusetts law follows federal HUD age rules for HECM loans.
Do I need to own my home free and clear to get a reverse mortgage in South Boston?
No you do not need to own the home free and clear. You can use a reverse mortgage to pay off an existing mortgage. The remaining equity after paying off the old loan becomes available to you.
How does a reverse mortgage affect Massachusetts homestead protection?
A reverse mortgage does not remove your Massachusetts homestead declaration. However the lender places a lien on the property. You should discuss homestead implications with a specialist before closing.
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the Massachusetts.