Find Reverse Mortgage Specialists in Stoughton, MA
Looking for a reverse mortgage specialist in Stoughton? Review the directory below to compare your options.
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
State Mortgage Licensing Authority of Massachusetts before hiring.
Showing 5 reverse mortgage specialists in Stoughton, 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.
What Does a Reverse Mortgage Specialist in Stoughton Cost?
Typical costs for a reverse mortgage in Massachusetts include an origination fee of up to $6,000 a mortgage insurance premium of 2 percent of the appraised value and third-party fees like appraisal and title search. Total closing costs often range from $10,000 to $15,000 but vary by lender and loan amount. 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 Stoughton Massachusetts?
You must be at least 62 years old to qualify for a reverse mortgage in Stoughton. All borrowers listed on the title must meet this age requirement. Massachusetts follows federal HUD guidelines for age eligibility.
Do I need counseling before getting a reverse mortgage in Massachusetts?
Yes Massachusetts requires all borrowers to complete a counseling session with a HUD-approved counselor. This session must occur before you can submit a loan application. The counselor will explain loan terms costs and alternatives.
How much can I borrow with a reverse mortgage in Stoughton Massachusetts?
The amount depends on your age home value and current interest rates. In Massachusetts the maximum claim amount for a HECM loan is $1,089,300 as of 2024. Younger borrowers typically qualify for less equity than older borrowers.