Compare top reverse lenders in Maine.

Compare top reverse lenders in Maine.

Receive your free HECM quote today in ME.

What is a reverse mortgage?

HECM stands for home equity conversion mortgage. Reverse mortgages allow for seniors to release a portion of the home’s equity to eliminate any existing mortgage payments. HECM’s are unique in that there are no monthly mortgage payments required – no other program has this unique feature. 

More than 600,000 seniors have taken out a reverse mortgage loan to improve their retirement, your not alone.

Compare HECM Lenders in ME for free with RMLD – Let us find you the best program.

Seniors in ME qualify for a reverse mortgage if…

  • they are 62 years of age or older
  • own their homes
  • have equity available in the property
  • can afford to pay for the home’s property taxes and insurance
  • have never defaulted on governemnt insured loans

I qualify for the HECM reverse mortgage how does this program improve my retirement?

  • improve your retirement qualify by having access to your equity today
  • no more mortgage payments while you are living in the home
  • interest rates are at all time low’s
  • ability to spend the equity as you wish – no restrictions are placed on the funds
  • no taxes are applied to the equity you release

“There is no other program which allows seniors to access their home’s equity without having payment in retirement.”

How Does the Reverse Mortgage Work in Maine?

You have worked hard your entire life to build up your home’s equity, insn’t it time that your home paid you back? Well, FHA (Federal Housing Administration) insures the HECM reverse mortgage which allows you to use your home as a tool to fund your retirement.

Many seniors are still having to pay each month a mortgage payment this is seriously impacting the quality of those seniors retirement. What if you could use all the built up equity in your home to generate a new income source, this would greatly improve the quality of your retirement.

This is what the reverse mortgage program was designed for. Seniors are taking advantage of the low interest rate enviroment and the ability to qualify for a reverse mortgage loan without having income or credit scores to meet. There are no payments to be made (you are only responsible for the property taxes, insurance, and home maintanance expenses). It will cost you $0 to find our your options give us a call today.

Snapshot of Maine

1.3 M

Population

$98,700

Median Home Value

72%

Home Ownership Rate

16%

Percent PopulationOver 65

Find Your City to Compare State and National Averages

LOCATION POPULATION MED. HOME VALUE HOME OWNERSHIP RATE % POPULATION OVER 65
USA 307,006,550 $119,600 66% 13%
Maine 1,318,301 $98,700 72% 16%
Bangor 31,008 $87,300 48% 14%
Lewiston 35,734 $87,200 47% 18%
Portland 63,011 $121,200 43% 14%

Local Reverse Mortgage Lenders/Banks/Brokers in Maine

A

Abbot · Acton · Adamstown Twp · Addison · Albany Twp · Albion · Alexander · Alfred · Allagash · Alna · Alton · Amherst · Amity · Andover · Anson · Appleton · Argyle Twp · Arrowsic · Arundel · Ashland · Athens · Atkinson · Auburn · Augusta · Aurora · Avon

B

Bailey Island · Baileyville · Bancroft · Bangor · Bar Harbor · Bar Mills · Baring Plt · Barnard Twp · Bass Harbor · Bath · Beals · Beaver Cove · Beddington · Belfast · Belgrade · Belgrade Lakes · Belmont · Benedicta · Benton · Bernard · Berwick · Bethel · Biddeford · Biddeford Pool · Big Lake Twp · Bingham · Birch Harbor · Birch Island · Blaine · Blanchard Twp · Blue Hill · Boothbay · Boothbay Harbor · Bowdoin · Bowdoinham · Bowerbank · Bradford · Bradley · Bremen · Brewer · Bridgewater · Bridgton · Brighton Plt · Bristol · Brooklin · Brooks · Brooksville · Brookton · Brownfield · Brownville · Brownville Junction · Brunswick · Bryant Pond · Buckfield · Bucks Harbor · Bucksport · Burlington · Burnham · Bustins Island · Buxton · Byron

C

Calais · Cambridge · Camden · Canaan · Canton · Cape Cottage · Cape Elizabeth · Cape Neddick · Cape Porpoise · Capitol Island · Caratunk · Cardville · Caribou · Carmel · Carrabassett Valley · Carroll Plt · Carrying Place Town TWP · Carthage · Cary Plt · Casco · Castine · Castle Hill · Caswell · Cathance Twp · Center Lovell · Centerville · Chain of Ponds Twp · Chamberlain · Chapman · Charleston · Charlotte · Chebeague Island · Chelsea · Cherryfield · Chester · Chesterville · China · China Village · Clayton Lake · Cliff Island · Clifton · Clinton · Coburn Gore · Codyville Plt · Columbia · Columbia Falls · Concord Twp · Connor Twp · Cooper · Coopers Mills · Coplin Plt · Corea · Corinna · Corinth · Cornish · Cornville · Costigan · Cranberry Isles · Crawford · Cross Lake Twp · Crouseville · Crystal · Cumberland · Cumberland Center · Cumberland Foreside · Cundys Harbor · Cushing · Cushing Island · Cutler · Cyr Plt

D

Dallas Plt · Damariscotta · Danforth · Danville · Dayton · Dead River TWP · Deblois · Dedham · Deer Isle · Denmark · Dennistown · Dennysville · Derby · Detroit · Dexter · Diamond Cove · Diamond Island · Dixfield · Dixmont · Dover Foxcroft · Dresden · Drew Plt · Dryden · Durham · Dyer Brook

E

Eagle Lake · East Andover · East Baldwin · East Blue Hill · East Boothbay · East Dixfield · East Holden · East Livermore · East Machias · East Millinocket · East Moxie TWP · East Newport · East Orland · East Parsonsfield · East Poland · East Vassalboro · East Waterboro · East Wilton · East Winthrop · Eastbrook · Easton · Eastport · Ebeemee Twp · Eddington · Edgecomb · Edinburg · Edmunds Twp · Eliot · Elliottsville Twp · Ellsworth · Embden · Enfield · Estcourt Station · Etna · Eustis · Exeter

F

Fairfield · Falmouth · Farmingdale · Farmington · Farmington Falls · Fayette · Fletchers Landing Twp · Forest City Twp · Forest Twp · Fort Fairfield · Fort Kent · Fort Kent Mills · Frankfort · Franklin · Freedom · Freeman TWP · Freeport · Frenchboro · Frenchtown Twp · Frenchville · Friendship · Frye Island · Fryeburg

G

Gardiner · Garfield Plt · Garland · Georgetown · Gilead · Glen Cove · Glenburn · Glenwood Plt · Gorham · Gouldsboro · Grand Isle · Grand Lake Stream · Gray · Great Diamond Island · Great Pond · Greenbush · Greene · Greenfield Twp · Greenville · Greenville Junction · Greenwood · Grindstone · Grindstone Twp · Guilford

H

Hallowell · Hamlin · Hammond · Hampden · Hancock · Hanover · Harborside · Harmony · Harpswell · Harrington · Harrison · Hartford · Hartland · Haynesville · Hebron · Hermon · Hersey · Herseytown Twp · Highland Plt · Hinckley · Hiram · Hodgdon · Holden · Hollis Center · Hope · Houlton · Howland · Hudson · Hulls Cove

I

Indian Island · Indian Stream · Indian Stream Twp · Indian Twp · Industry · Island Falls · Isle au Haut · Isle of Springs · Islesboro · Islesford

J

Jackman · Jackson · Jay · Jefferson · Johnson Mountain Twp · Jonesboro · Jonesport

K

Kenduskeag · Kennebunk · Kennebunkport · Kents Hill · Kezar Falls · Kingfield · Kingman · Kingman Twp · Kittery · Kittery Point · Knox

L

Lagrange · Lake View Plt · Lakeville · Lambert Lake · Lamoine · Lang Twp · Lebanon · Lee · Leeds · Levant · Lewiston · Lexington Twp · Liberty · Lille · Lily Bay Twp · Limerick · Limestone · Limington · Lincoln · Lincoln Center · Lincolnville · Lincolnville Center · Linneus · Lisbon · Lisbon Falls · Litchfield · Little Deer Isle · Little Diamond Island · Littleton · Livermore · Livermore Falls · Long Island · Long Pond Twp · Loring Cm Ctr · Lovell · Lowell · Lubec · Ludlow · Lyman

M

Mac Mahan · Machias · Machiasport · Macwahoc Plt · Madawaska · Madison · Madrid Twp · Manchester · Mapleton · Mariaville · Marion Twp · Mars Hill · Marshfield · Masardis · Mason Twp · Matinicus · Mattamiscontis Twp · Mattawamkeag · Maxfield · Mayfield Twp · Mechanic Falls · Meddybemps · Medford · Medomak · Medway · Mercer · Mere Point · Merrill · Mexico · Milbridge · Milford · Millinocket · Milo · Milton Twp · Minot · Minturn · Molunkus Twp · Monhegan · Monmouth · Monroe · Monson · Monticello · Montville · Moody · Moose River · Moro Plt · Morrill · Moscow · Mount Chase · Mount Desert · Mount Vernon · Moxie Gore · Moxie Gore Twp

N

Naples · Nashville Plt · New Canada · New Gloucester · New Harbor · New Limerick · New Portland · New Sharon · New Sweden · New Vineyard · Newagen · Newburgh · Newcastle · Newfield · Newport · Newry · Nobleboro · Norridgewock · North Anson · North Berwick · North Bridgton · North Fryeburg · North Haven · North Jay · North Monmouth · North New Portland · North Shapleigh · North Sullivan · North Turner · North Vassalboro · North Waterboro · North Waterford · North Yarmouth · Northeast Harbor · Northfield · Northport · Norway

O

Oakfield · Oakland · Ocean Park · Ogunquit · Olamon · Old Orchard Beach · Old Town · Oquossoc · Orient · Orland · Orneville Twp · Orono · Orrington · Orrs Island · Osborn · Otis · Otisfield · Otter Creek · Owls Head · Oxbow · Oxford

P

Palermo · Palmyra · Paris · Parkman · Parlin Pond Twp · Parsonsfield · Passadumkeag · Patten · Peaks Island · Pejepscot · Pemaquid · Pembroke · Penobscot · Perham · Perkins Twp · Perry · Peru · Phillips · Phippsburg · Pierce Pond · Pierce Pond TWP · Pine Point · Pittsfield · Pittston · Pleasant Point · Pleasant Ridge Plt · Plymouth · Plymouth Twp · Poland · Poland Spring · Pond Cove · Port Clyde · Portage · Portage Lake · Porter · Portland · Pownal · Prentiss Twp · Presque Isle · Princeton · Prospect · Prospect Harbor

Q

Quimby

R

Randolph · Rangeley · Raymond · Readfield · Reed Plt · Richmond · Ripley · Robbinston · Rockland · Rockport · Rockwood · Rome · Roque Bluffs · Round Pond · Roxbury · Rumford · Rumford Center · Rumford Point

S

Sabattus · Saco · Saint Agatha · Saint Albans · Saint David · Saint Francis · Saint George · Salem Twp · Salsbury Cove · Sandy Bay TWP · Sandy Point · Sandy River Plt · Sanford · Sangerville · Sargentville · Scarborough · Seal Cove · Seal Harbor · Searsmont · Searsport · Sebago · Sebago Lake · Sebasco Estates · Sebec · Seboeis Plantation · Seboomook Twp · Sedgwick · Shapleigh · Shawmut · Sheridan · Sherman · Sherman Mills · Sherman Station · Shirley Mills · Sidney · Silver Ridge · Sinclair · Skowhegan · Smithfield · Smyrna Mills · Soldiertown · Soldiertown Twp · Solon · Somerville · Sorrento · South Berwick · South Bristol · South Casco · South China · South Freeport · South Gardiner · South Gouldsboro · South Harpswell · South Paris · South Portland · South Thomaston · South Windham · Southport · Southwest Harbor · Springfield · Springvale · Spruce Head · Squirrel Island · St John Plt · Stacyville · Standish · Starks · Steep Falls · Stetson · Steuben · Stillwater · Stockholm · Stockton Springs · Stoneham · Stonington · Stow · Stratton · Strong · Sullivan · Sumner · Sunset · Surry · Swans Island · Swanville · Sweden

T

Talmadge · Temple · Tenants Harbor · The Forks Plt · Thomaston · Thorndike · Tomhegan Twp · Topsfield · Topsham · Trenton · Trescott Twp · Trevett · Troy · Turner

U

Union · Unity · Upper Frenchville · Upton

V

Van Buren · Vanceboro · Vassalboro · Veazie · Verona Island · Vienna · Vinalhaven

W

Wade · Waite · Waldo · Waldoboro · Wales · Wallagrass · Walpole · Waltham · Warren · Washburn · Washington · Waterboro · Waterford · Waterville · Wayne · Webster Plt · Weeks Mills · Weld · Wellington · Wells · Wesley · West Baldwin · West Bath · West Bethel · West Boothbay Harbor · West Enfield · West Farmington · West Forks · West Gardiner · West Kennebunk · West Minot · West Newfield · West Paris · West Poland · West Rockport · West Scarborough · West Tremont · Westbrook · Westfield · Westmanland · Weston · Westport Island · Whitefield · Whiting · Whitneyville · Williamsburg Twp · Willimantic · Wilton · Windham · Windsor · Winn · Winslow · Winter Harbor · Winterport · Winterville Plt · Winthrop · Wiscasset · Woodland · Woodland Washington County · Woodville · Woolwich · Wytopitlock

Y

Yarmouth · York · York Beach · York Harbor

HUD’s list of approved HECM Counselors in Maine.
Counseling is mandatory in all states for those who wish to get a HECM loan.

HECM Counseling Agency Roster as of 06/05/2013
(4 records were selected, 4 records displayed.)
Name Agency ID Address Phone Web Site
COASTAL ENTERPRISES, INCORPORATED 80985 PO BOX 268
41 WATER STREET
WISCASSET,  ME  04578-4134
(207) 882-7552  ext 126 http://www.ceimaine.org
MONEY MANAGEMENT INTERNATIONAL BANGOR 82627 175 EXCHANGE ST
BANGOR,  ME  04401-6537
(866) 232-9080 http://www.moneymanagement.org
MONEY MANAGEMENT INTERNATIONAL SOUTH PORTLAND 82632 111 WESCOTT RD
SOUTH PORTLAND,  ME  04106-3437
(866) 232-9080 http://www.moneymanagement.org
PENQUIS COMMUNITY ACTION PROGRAM 81649 PO BOX 1162
262 HARLOW STREET
BANGOR,  ME  04401-4952
(207) 974-2403 http://www.penquis.org
DITECH MORTGAGE CORP
19 MAIN ST STE 2
GRAY, ME 04039
CUMBERLAND County
Title II
Approval Date: Jun 20, 2012 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (207) 657-2459 FAX Number: (866) 931-7859
E-Mail Address: [email protected]
Anchor
GENERATION MORTGAGE COMPANY
16 HOWARD AVE
WELLS, ME 04090
YORK County
Title II
Approval Date: Aug 24, 2012 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (207) 591-9167 FAX Number: (404) 995-5401
E-Mail Address: [email protected]
Anchor
RESIDENTIAL MORTGAGE SVCS INC
24 CHRISTOPHER TOPPI DR
SOUTH PORTLAND, ME 04106
CUMBERLAND County
Title II
Approval Date: Jul 17, 1991 [81 Areas Approved for Business]
HECM: Yes Originates 203K: Yes
Telephone: (800) 640-0753 FAX Number: (207) 775-4326
E-Mail Address: [email protected]