Compare top reverse lenders in Massachusetts.

Compare top reverse lenders in Massachusetts
Receive your free HECM quote today in MA.

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 MA for free with RMLD – Let us find you the best program.

Seniors in MA 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 Massachusetts?

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 Massachusetts

6.6 M

Population

$185,700

Median Home Value

62%

Home Ownership Rate

14%

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%
Massachusetts 6,593,587 $185,700 62% 14%
Agawam 28,510 $132,000 74% 17%
Attleboro 43,283 $152,800 64% 13%
Beverly 39,538 $224,800 60% 16%
Boston 590,763 $190,600 32% 10%
Brockton 94,191 $128,300 55% 12%
Cambridge 101,365 $398,500 32% 9%
Chelsea 32,792 $149,200 29% 11%
Chicopee 54,428 $104,900 59% 18%
Everett 37,008 $164,500 41% 15%
Fall River 91,474 $132,900 35% 17%
Fitchburg 40,050 $112,100 52% 15%
Franklin 31,267 $227,100 81% 8%
Gloucester 30,564 $204,600 60% 16%
Haverhill 60,176 $159,200 60% 13%
Holyoke 39,765 $105,600 42% 16%
Lawrence 70,662 $114,100 32% 10%
Leominster 41,549 $140,500 58% 14%
Lowell 103,229 $134,200 43% 11%
Lynn 87,991 $145,200 46% 13%
Malden 55,595 $176,100 43% 14%
Marlborough 38,062 $190,600 61% 12%
Medford 55,681 $226,800 59% 17%
Melrose 26,666 $254,400 67% 16%
Methuen 44,259 $159,000 72% 15%
New Bedford 92,538 $113,500 44% 17%
Newton 82,819 $438,400 70% 15%
Northampton 28,592 $144,600 54% 14%
Peabody 51,734 $215,900 71% 17%
Pittsfield 43,497 $100,800 61% 19%
Quincy 91,058 $185,700 49% 16%
Revere 46,833 $168,200 50% 17%
Salem 41,343 $188,700 49% 14%
Somerville 74,554 $214,100 31% 11%
Springfield 151,176 $87,300 50% 12%
Taunton 56,074 $145,800 61% 13%
Waltham 59,352 $250,800 46% 13%
Watertown 32,165 $270,600 47% 17%
Westfield 40,460 $133,400 68% 14%
Woburn 37,010 $218,600 61% 15%
Worcester 175,454 $119,600 43% 14%

Find a Local Reverse Mortgage Lender/Bank/Broker in Massachusetts

A

Abington · Accord · Acton · Acushnet · Adams · Agawam · Alford · Allston · Amesbury · Amherst · Andover · Aquinnah · Arlington · Arlington Heights · Ashburnham · Ashby · Ashfield · Ashland · Ashley Falls · Assonet · Athol · Attleboro · Attleboro Falls · Auburn · Auburndale · Avon · Ayer

B

Babson Park · Baldwinville · Barnstable · Barre · Bass River · Bay State Village · Becket · Bedford · Belchertown · Bellingham · Belmont · Berkley · Berkshire · Berlin · Bernardston · Beverly · Billerica · Blackstone · Blandford · Bolton · Bondsville · Boston · Boston College · Bourne · Boxboro · Boxborough · Boxford · Boylston · Bradford · Braintree · Brant Rock · Brewster · Bridgewater · Brighton · Brimfield · Brockton · Brookfield · Brookline · Brookline Village · Bryantville · Buckland · Burlington · Buzzards Bay · Byfield

C

Cambridge · Canton · Carlisle · Carver · Cataumet · Centerville · Charlemont · Charlestown · Charlton · Charlton City · Charlton Depot · Chartley · Chatham · Chelmsford · Chelsea · Cherry Valley · Cheshire · Chester · Chesterfield · Chestnut Hill · Chicopee · Chilmark · Clarksburg · Clinton · Cohasset · Colrain · Concord · Conway · Cotuit · Cummaquid · Cummington · Cushman · Cuttyhunk

D

Dalton · Danvers · Dartmouth · Dedham · Deerfield · Dennis · Dennis Port · Dennisport · Devens · Dighton · Dorchester · Dorchester Center · Douglas · Dover · Dracut · Drury · Dudley · Dudley Hill · Dunstable · Duxbury

E

East Arlington · East Boston · East Bridgewater · East Brookfield · East Cambridge · East Dennis · East Douglas · East Falmouth · East Freetown · East Harwich · East Longmeadow · East Lynn · East Orleans · East Otis · East Princeton · East Sandwich · East Taunton · East Templeton · East Walpole · East Wareham · East Watertown · East Weymouth · Eastham · Easthampton · Easton · Edgartown · Egremont · Elmwood · Erving · Essex · Everett

F

Fairhaven · Fall River · Falmouth · Fayville · Feeding Hills · Fiskdale · Fitchburg · Florence · Florida · Forestdale · Foxboro · Foxborough · Framingham · Franklin

G

Gardner · Gay Head · Georgetown · Gilbertville · Gill · Glendale · Gloucester · Goshen · Grafton · Granby · Granville · Great Barrington · Green Harbor · Greenbush · Greenfield · Groton · Grove Hall · Groveland

H

Hadley · Halifax · Hamilton · Hampden · Hancock · Hanover · Hanscom AFB · Hanson · Hardwick · Harvard · Harvard Square · Harwich · Harwich Port · Hatchville · Hatfield · Hathorne · Haverhill · Hawley · Haydenville · Heath · Hingham · Hinsdale · Holbrook · Holden · Holland · Holliston · Holyoke · Hopedale · Hopkinton · Housatonic · Hubbardston · Hudson · Hull · Humarock · Huntington · Hyannis · Hyannis Port · Hyde Park

I

Indian Orchard · Ipswich

J

Jamaica Plain · Jefferson

K

Kates Corner · Kingston

L

Lake Pleasant · Lakeville · Lancaster · Lanesboro · Lawrence · Lee · Leeds · Leicester · Lenox · Lenox Dale · Leominster · Leverett · Lexington · Leyden · Lincoln · Linwood · Littleton · Longmeadow · Lowell · Ludlow · Lunenburg · Lynn · Lynnfield

M

Malden · Manchaug · Manchester · Manchester by the Sea · Manomet · Mansfield · Marblehead · Marion · Marlborough · Marshfield · Marshfield Hills · Marstons Mills · Mashpee · Mattapan · Mattapoisett · Maynard · Medfield · Medford · Medway · Melrose · Mendon · Menemsha · Merrimac · Methuen · Middleboro · Middleborough · Middlefield · Middleton · Milford · Mill River · Millbury · Millers Falls · Millis · Millville · Milton · Milton Village · Minot · Mission Hill · Monponsett · Monroe · Monroe Bridge · Monson · Montague · Monterey · Montgomery · Monument Beach · Mount Hermon · Mount Tom · Mount Washington

N

Nahant · Nantucket · Natick · Needham · Needham Heights · New Ashford · New Bedford · New Braintree · New Marlboro · New Marlborough · New Salem · New Town · Newbury · Newburyport · Newton · Newton Center · Newton Centre · Newton Highlands · Newton Lower Falls · Newton Upper Falls · Newtonville · Nonantum · Nonquitt · Norfolk · North Adams · North Amherst · North Andover · North Attleboro · North Billerica · North Brookfield · North Cambridge · North Carver · North Chatham · North Chelmsford · North Dartmouth · North Dighton · North Eastham · North Easton · North Egremont · North Falmouth · North Grafton · North Hatfield · North Marshfield · North Oxford · North Pembroke · North Quincy · North Reading · North Scituate · North Truro · North Uxbridge · North Waltham · North Weymouth · Northampton · Northborough · Northbridge · Northfield · Northfield Mount Hermon · Norton · Norwell · Norwood · Nutting Lake

O

Oak Bluffs · Oakham · Ocean Bluff · Onset · Orange · Orleans · Osterville · Otis · Otis ANGB · Oxford

P

Palmer · Paxton · Peabody · Pelham · Pembroke · Pepperell · Peru · Petersham · Phillipston · Pinehurst · Pittsfield · Plainfield · Plainville · Plymouth · Plympton · Pocasset · Prides Crossing · Princeton · Provincetown

Q

Quincy

R

Randolph · Raynham · Raynham Center · Reading · Readville · Rehoboth · Revere · Richmond · Rochdale · Rochester · Rockland · Rockport · Roslindale · Rowe · Rowley · Roxbury · Roxbury Crossing · Royalston · Russell · Rutland

S

Sagamore · Sagamore Beach · Salem · Salisbury · Salisbury Beach · Sandisfield · Sandwich · Saugus · Savoy · Scituate · Seekonk · Sharon · Shattuckville · Sheffield · Shelburne Falls · Sheldonville · Sherborn · Shirley · Shirley Center · Shrewsbury · Shutesbury · Siasconset · Silver Beach · Simons Rock · Somerset · Somerville · South Attleboro · South Barre · South Boston · South Carver · South Chatham · South Dartmouth · South Deerfield · South Dennis · South Easton · South Egremont · South Grafton · South Hadley · South Hamilton · South Harwich · South Lancaster · South Lee · South Orleans · South Walpole · South Waltham · South Wellfleet · South Weymouth · South Yarmouth · Southampton · Southborough · Southbridge · Southfield · Southwick · Spencer · Springfield · Squantum · Sterling · Still River · Stockbridge · Stoneham · Stonehill College · Stoughton · Stow · Sturbridge · Sudbury · Sunderland · Sutton · Swampscott · Swansea

T

Taunton · Teaticket · Templeton · Tewksbury · Thorndike · Three Rivers · Tolland · Topsfield · Townsend · Truro · Tufts University · Turners Falls · Tyngsboro · Tyringham

U

Uphams Corner · Upton · Uxbridge

V

Village of Nagog Woods · Vineyard Haven

W

Waban · Wakefield · Wales · Walpole · Waltham · Waquoit · Ward Hill · Ware · Wareham · Warren · Warwick · Washington · Watertown · Waverley · Wayland · Webster · Wellesley · Wellesley Hills · Wellfleet · Wendell · Wendell Depot · Wenham · West Barnstable · West Boxford · West Boylston · West Bridgewater · West Brookfield · West Chatham · West Chesterfield · West Chop · West Dennis · West Falmouth · West Groton · West Harwich · West Hatfield · West Hyannisport · West Lynn · West Medford · West Millbury · West Newbury · West Newton · West Otis · West Roxbury · West Somerville · West Springfield · West Stockbridge · West Tisbury · West Townsend · West Wareham · West Warren · West Whately · West Yarmouth · Westborough · Westfield · Westford · Westhampton · Westminster · Weston · Westover AFB · Westport · Westport Point · Westwood · Weymouth · Whately · Wheelwright · White Horse Beach · Whitinsville · Whitman · Wilbraham · Wilkinsonville · Williamsburg · Williamstown · Willimansett · Wilmington · Winchendon · Winchendon Springs · Winchester · Windsor · Winter Hill · Winthrop · Woburn · Wollaston · Woods Hole · Woodville · Worcester · Woronoco · Worthington · Wrentham

Y

Yarmouth Port

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

HECM Counseling Agency Roster as of 06/05/2013
(17 records were selected, 17 records displayed.)
Name Agency ID Address Phone Web Site
AMERICAN CONSUMER CREDIT COUNSELING 82426 STE. 202
130 RUMFORD AVE
AUBURNDALE,  MA  02466-1365
(800) 769-3571  ext 5756 http://www.consumercredit.com
CAMBRIDGE CREDIT COUNSELING CORPORATION 81323 67 HUNT STREET
AGAWAM,  MA  01001-1920
(800) 757-1788 http://www.cambridge-credit.org
COMMUNITY SERVICE NETWORK, INC. 81850 136 ELM STREET
STONEHAM,  MA  02180-3426
(781) 438-5981 http://www.csninc.org
HOMEOWNER OPTIONS FOR MASSACHUSETTS ELDERS 81073 87 HALE STREET
LOWELL,  MA  01851-3340
(978) 970-0012 http://www.elderhomeowners.org
HOUSING ASSISTANCE CORP. 81407 460 W MAIN ST
HYANNIS,  MA  02601-3653
(508) 771-5400 http://www.haconcapecod.org
HOUSING PARTNERSHIP NETWORK 80989 1 WASHINGTON MALL, 12TH FL
BOSTON,  MA  02108-2603
(617) 720-1999 www.housingpartnership.net
MONEY MANAGEMENT INTERNATIONAL AMHERST 83266 409 MAIN ST STE 105
AMHERST,  MA  01002-2346
(866) 232-9080 http://www.moneymanagement.org
MONEY MANAGEMENT INTERNATIONAL BEVERLY 83199 100 CUMMINGS CTR STE 328C
BEVERLY,  MA  01915-6123
(866) 232-9080 http://www.moneymanagement.org
MONEY MANAGEMENT INTERNATIONAL BOSTON 83200 31 MILK ST
BOSTON,  MA  02109-5104
(866) 232-9080 http://www.moneymanagement.org
MONEY MANAGEMENT INTERNATIONAL RANDOLPH 83198 247 MAIN ST.
RANDOLPH,  MA  02368
(866) 232-9080 http://www.moneymanagement.org
MONEY MANAGEMENT INTERNATIONAL WOBURN 83221 800 W CUMMINGS PARK STE 1075
WOBURN,  MA  01801-6366
(866) 232-9080 http://www.moneymanagement.org
MONEY MANAGEMENT INTERNATIONAL WORCHESTER 83223 340 MAIN ST STE 511
WORCESTER,  MA  01608-1601
(866) 232-9080 http://www.moneymanagement.org
MONEY MANAGEMENT INTERNATIONAL, INC. NEW BEDFORD, MA 83209 888 PURCHASE ST UNIT 319
NEW BEDFORD,  MA  02740-6256
(866) 232-9080 http://www.moneymanagement.org
NUESTRA COMUNIDAD DEVELOPMENT CORPORATION 81177 56 WARREN ST
ROXBURY,  MA  02119-3236
(617) 989-9900 http://site.notavailable.org
PLYMOUTH REDEVELOPMENT AUTHORITY 81840 11 LINCOLN ST
PLYMOUTH,  MA  02360-3325
(508) 747-1620 http://plymouthredevelopment.org
QUINCY COMMUNITY ACTION PROGRAMS, INC. 81002 1509 HANCOCK ST
QUINCY,  MA  02169-5241
(617) 479-8181  ext 366 www.qcap.org
URBAN EDGE HOUSING CORP. 81686 1542 COLUMBUS AVE
ROXBURY,  MA  02119-1026
(617) 989-9300 http://site.notavailable.org
BERKSHIRE BANK
66 WEST ST
PITTSFIELD, MA 01201
BERKSHIRE County
Title II
Approval Date: May 25, 1936 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (413) 236-3720 FAX Number: (413) 447-1799
E-Mail Address: BMooney@BERKSHIREBANK.COM
Anchor
BERKSHIRE BANK
140 GOULD ST
NEEDHAM HEIGHTS, MA 02494
NORFOLK County
Title II
Approval Date: May 07, 2012 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (781) 726-6095 FAX Number: (781) 726-6730
E-Mail Address: pgershkowitz@greenparkmortgage.com
Anchor
EASTERN BANK
1265 BELMONT ST
BROCKTON, MA 02301
PLYMOUTH County
Title II
Approval Date: Jan 01, 1950 [81 Areas Approved for Business]
HECM: Yes Originates 203K: Yes
Telephone: (800) 327-8376 FAX Number: (508) 946-2999
E-Mail Address: s.castaldo@easternbk.com
Anchor
EVOLVE BANK & TRUST
471 SOUTHBRIDGE ST
AUBURN, MA 01501
WORCESTER County
Title II
Approval Date: Nov 10, 2010 [81 Areas Approved for Business]
HECM: Yes Originates 203K: Yes
Telephone: (508) 757-1500 FAX Number: (508) 757-1522
E-Mail Address: gbates@getevolved.com
Anchor
LOWELL COOPERATIVE BANK
18 HURD ST
LOWELL, MA 01852
MIDDLESEX County
Title II
Approval Date: May 27, 2010 [81 Areas Approved for Business]
HECM: Yes Originates 203K: Yes
Telephone: (978) 498-4598 FAX Number: (978) 443-1446
E-Mail Address: mbreda@lowellcoop.com
Anchor
MORTGAGE FINANCIAL INC
170 MAIN ST UNIT 108
TEWKSBURY, MA 01876
MIDDLESEX County
Title II
Approval Date: Jul 01, 1993 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (978) 863-9555 FAX Number: (978) 863-4727
E-Mail Address: jroselli@mfsinc.com
Anchor
MORTGAGE MASTER INC
102 ELM ST
WALPOLE, MA 02081
NORFOLK County
Title II
Approval Date: May 11, 1995 [81 Areas Approved for Business]
HECM: Yes Originates 203K: Yes
Telephone: (508) 850-4100 FAX Number: (508) 850-4200
E-Mail Address: panastos@mortgagemasterinc.com
Anchor
MORTGAGE NETWORK INC
300 ROSEWOOD DR STE 100
DANVERS, MA 01923
ESSEX County
Title II
Approval Date: Jun 03, 1994 [81 Areas Approved for Business]
HECM: Yes Originates 203K: Yes
Telephone: (978) 705-3236 FAX Number: (866) 758-1793
E-Mail Address: jestabrook@mortgagenetwork.com
Anchor
NEW FED MORTGAGE CORPORATION
98 HIGH ST STE 2
DANVERS, MA 01923
ESSEX County
Title II
Approval Date: Dec 18, 2001 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (781) 241-1225 FAX Number: (781) 346-6925
E-Mail Address: bdamico@newfed.com
Anchor
POLI MORTGAGE GROUP
685 CANTON ST STE 200
NORWOOD, MA 02062
NORFOLK County
Title II
Approval Date: Oct 31, 2003 [81 Areas Approved for Business]
HECM: Yes Originates 203K: Yes
Telephone: (781) 801-1431 FAX Number: (781) 719-4242
E-Mail Address: galinak@polimortgage.com
Anchor
RELIANT MORTGAGE COMPANY LLC
100 CUMMINGS CTR STE 303C
BEVERLY, MA 01915
ESSEX County
Title II
Approval Date: Jul 17, 2001 [81 Areas Approved for Business]
HECM: Yes Originates 203K: Yes
Telephone: (978) 279-9333 FAX Number: (781) 623-0422
E-Mail Address: garyk@reliantloan.com
Anchor
SALEM FIVE MORTGAGE CO LLC
210 ESSEX ST
SALEM, MA 01970
ESSEX County
Title II
Approval Date: May 25, 1994 [81 Areas Approved for Business]
HECM: Yes Originates 203K: Yes
Telephone: (800) 445-8600 FAX Number: (978) 498-0362
E-Mail Address: brandon.silvia@salemfive.com
Anchor
SIERRA PACIFIC MORTGAGE
6 WASHINGTON ST
BEVERLY, MA 01915
ESSEX County
Title II
Approval Date: Sep 29, 2010 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (978) 815-0711 FAX Number: (978) 815-0711
E-Mail Address: NATHAN.FARRAR@SPM1.COM
Anchor
SIERRA PACIFIC MORTGAGE
1451 HIGH ST
WESTWOOD, MA 02090
NORFOLK County
Title II
Approval Date: Jun 02, 2011 [81 Areas Approved for Business]
HECM: Yes Originates 203K: Yes
Telephone: (781) 433-0000 FAX Number: (781) 559-3020
E-Mail Address: paul.vanwart@spm1.com
Anchor
THE BANK OF CANTON
490 TURNPIKE ST
CANTON, MA 02021
NORFOLK County
Title II
Approval Date: May 11, 2007 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (781) 830-6210 FAX Number: (781) 830-6402
E-Mail Address: jsweeney@thebankofcanton.com