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Looking for a reverse mortgage specialist in Rumford? Review the directory below to compare your options.
7 agents listed
Updated May 2026
Rumford, 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 7 reverse mortgage specialists in Rumford, 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.
Shamrock Home Loans
75 Newman Ave Suite L1, Rumford, RI 02916
4014380202
Liz (Letourneau) Corte-Real NMLS #19412
75 Newman Ave Suite L1, Rumford, RI 02916
4017411776
Ron Volpe
75 Newman Ave Suite L1, Rumford, RI 02916
4019546050
Andrew Borges
75 Newman Ave Suite L1, Rumford, RI 02916
4013456250
Rich Barnes - cmg home loans
75 Newman Ave, Rumford, RI 02916
7742222311
Shamrock Home Loans - Ellen Connors NMLS #556465
75 Newman Ave Suite L1, Rumford, RI 02916
6177505266
Ambrose Ling - CMG Home Loans
75 Newman Ave Suite L1, Rumford, RI 02916
5089799294
What Does a Reverse Mortgage Specialist in Rumford Cost?
Typical costs for a reverse mortgage specialist in Rhode Island include an origination fee of up to 2 percent of the first 200,000 dollars of home value plus 1 percent of the amount above 200,000 dollars. Other costs include an appraisal fee of 400 to 600 dollars, a counseling fee of about 125 dollars, and closing costs of 2,000 to 5,000 dollars. These figures are estimates and may vary based on loan type and lender. This information is general 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 does a reverse mortgage specialist in Rumford do?
A reverse mortgage specialist in Rumford helps older homeowners understand and apply for a reverse mortgage. They explain loan terms, costs, and eligibility requirements specific to Rhode Island. The specialist also coordinates with HUD-approved counselors as required by state law.
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 does not have additional state-specific age or income requirements beyond federal HECM rules.
How does a reverse mortgage affect my heirs in Rumford?
Heirs can keep the home by paying off the loan balance or selling the property. If the loan balance exceeds the home value, heirs are not personally liable for the difference. Rhode Island law protects heirs from deficiency judgments on reverse mortgages.
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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.