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Find Reverse Mortgage Specialists in North Smithfield, RI
Looking for a reverse mortgage specialist in North Smithfield? Review the directory below to compare your options.
2 agents listed
Updated May 2026
North Smithfield, RI
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 Rhode Island before hiring.
Showing 2 reverse mortgage specialists in North Smithfield, RI
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Network Funding LP
621 Pound Hill Rd Suite 103, North Smithfield, RI 02896
4016512716
First Northern Financial Group
980 Eddie Dowling Hwy, North Smithfield, RI 02896
8007371366
A reverse mortgage specialist in North Smithfield, Rhode Island helps older homeowners access home equity without monthly payments. Rhode Island law requires borrowers to receive third-party counseling from a HUD-approved agency before closing. This service is especially useful for those looking to supplement retirement income while staying in their home.
What Does a Reverse Mortgage Specialist in North Smithfield Cost?
Typical costs for a reverse mortgage specialist in Rhode Island 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 costs like appraisal and title search. These fees can range from 2,000 to 8,000 dollars depending on the 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 does a reverse mortgage specialist in North Smithfield do?
A reverse mortgage specialist guides you through the process of obtaining a Home Equity Conversion Mortgage (HECM). They explain eligibility, loan terms, and help you compare options. In Rhode Island, they must ensure you complete mandatory counseling.
What are the eligibility requirements for a reverse mortgage in Rhode Island?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The property must be your primary residence. Rhode Island law does not add extra age or income requirements beyond federal HECM rules.
Are there any Rhode Island-specific rules for reverse mortgages?
Yes, Rhode Island requires that all reverse mortgage borrowers receive counseling from a HUD-approved agency. The state also mandates a three-day right of rescission after closing. Lenders must provide a detailed disclosure of all fees and terms.
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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 Rhode Island.