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Compare Reverse Mortgage Specialists in West Springfield, MA
Looking for a reverse mortgage specialist in West Springfield? Review the directory below to compare your options.
10 agents listed
Updated May 2026
West Springfield, 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 10 reverse mortgage specialists in West Springfield, 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.
Homestead Funding Corp: Joni S. Miller | NMLS# 5944
459 Riverdale St, West Springfield, MA 01089
4133206168
Homestead Funding Corp: Ratha Men | NMLS# 38414
459 Riverdale St, West Springfield, MA 01089
9789960271
Jeff Cahill- Evolve Bank & Trust
371 Park St, West Springfield, MA 01089
4133646230
Homestead Funding Corp. – West Springfield
459 Riverdale St, West Springfield, MA 01089
4134594767
Nicholas DiFronzo
237 Main St, West Springfield, MA 01089
4133868645
Reverse mortgage specialists in West Springfield Massachusetts help seniors aged 62 and older convert home equity into tax-free funds. Massachusetts law requires that all reverse mortgage borrowers complete a counseling session with a HUD-approved counselor before applying. Local specialists guide clients through the federally insured Home Equity Conversion Mortgage HECM program and explain how it interacts with Massachusetts property tax deferral programs.
What Does a Reverse Mortgage Specialist in West Springfield Cost?
Typical costs for a reverse mortgage in Massachusetts include an origination fee up to 2% of the first 200000 of home value plus 1% of the amount above that. Third-party costs such as appraisal title search and recording fees usually range from 2000 to 5000. HUD counseling costs around 125 to 250. Massachusetts also charges a mortgage recording tax of 0.23 per 100 of the loan amount. Note that all costs vary by lender and property value. 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
Who can qualify for a reverse mortgage in West Springfield Massachusetts?
You must be at least 62 years old and own your home outright or have a low mortgage balance. You also need to live in the home as your primary residence and complete HUD-approved counseling. Massachusetts does not have additional state-specific age requirements beyond the federal minimum.
What are the Massachusetts counseling requirements for a reverse mortgage?
Massachusetts law mandates that all reverse mortgage applicants receive counseling from a HUD-approved agency before submitting a loan application. The counseling must cover loan terms, costs, and alternatives. The counselor must be independent from the lender and the specialist.
Can a reverse mortgage affect my Massachusetts homestead protection?
Yes. In Massachusetts a reverse mortgage may subordinate the homestead exemption. This means the lender has priority over your homestead protection up to the loan amount. You should discuss this with a specialist and an attorney to understand how it affects your estate.
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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.