Compare top reverse mortgage lenders in Arkansas.
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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: [email protected] | |||||
![]() 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: [email protected] | |||||
![]() 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: [email protected] | |||||
![]() 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: [email protected] | |||||
![]() 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: [email protected] | |||||
![]() 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: [email protected] | |||||
![]() 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: [email protected] | |||||
![]() 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: [email protected] | |||||
![]() 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: [email protected] | |||||
![]() 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: [email protected] | |||||
![]() 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: [email protected] | |||||
![]() 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: [email protected] | |||||
![]() 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: [email protected] | |||||
![]() 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: [email protected] | |||||
![]() 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: [email protected] |