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 New Hampshire before hiring.
Showing 5 reverse mortgage specialists in Rochester, NH
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Bill Gaudet - Total Mortgage
73 Pickering Rd, Rochester, NH 03839
6035688994
Edward Jones - Financial Advisor: Chris Hooper, AAMS®
120 Washington St #301, Rochester, NH 03839
6033301958
Straight Forward Wealth Management
60 Rochester Hill Rd, Rochester, NH 03867
6039944569
Total Mortgage Rochester NMLS #2707508
73 Pickering Rd Unit 202 L, Rochester, NH 03839
6035688994
Michael D. Woods - Citizens, Home Mortgage
90 N Main St, Rochester, NH 03867
7816088555
What Does a Reverse Mortgage Specialist in Rochester Cost?
Typical costs for a reverse mortgage specialist in New Hampshire include an origination fee of up to 2 percent of the homes value, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees for appraisal and title search. These total costs often range from 2,000 to 8,000 dollars depending on the homes value and loan type. 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 eligibility requirements for a reverse mortgage in Rochester New Hampshire?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The property must be the borrowers primary residence and meet FHA standards. New Hampshire law also mandates a mandatory counseling session with a HUD-approved counselor before the loan can proceed.
How does New Hampshire law affect reverse mortgage proceeds?
New Hampshire does not tax reverse mortgage loan proceeds as income. The proceeds are considered loan advances, not income, so they do not affect Social Security or Medicare benefits. However, borrowers must continue to pay property taxes and homeowners insurance to avoid default.