Reverse Mortgage – Banks and Credit Unions in Massachusetts

Eastern BankAre you looking for information related to reverse mortgages? Here are several good banks and credit unions that can provide competitive mortgages in Massachusetts. Here is a simple review.

List of  Banks and Credit Unions Offering Reverse Mortgages in MA

Founded in 1818, Eastern Bank has assets of more than $8 billion and about 90 branch offices in MA. Eastern Bank’s reverse mortgage will help its customers convert the home equity into cash to supplement their retirement income. The bank has branches in Worcester, Boston, Salem, Saugus, Cambridge, Beverly, Danvers, Lynn, Auburndale, Brockton, Swampscott, Cambridge, Medford, Reading, Somerville, Cambridge, Sandwich, Lynnfield, Peabody, Newton Center, Dedham, East Weymouth, Brockton, Falmouth, Hyannis, Taunton, Andover, Lawrence, Lynnfield, Marblehead, Chelmsford, Lexington, Lowell, Melrose, Stoneham, Wakefield, Watertown, Westford, Chelmsford, Dracut, Lexington, Stoneham, Westford, Wilmington, Braintree, Brookline, Canton, Quincy, Randolph, Stoughton, Bridgewater, Kingston, Lakeville, Marshfield, Mattapoisett, Middleboro, Norwell, Plymouth, Wareham, Burlington, Natick, Mashpee, Dorchester Center, Chelmsford, Newton Upper Falls, Tewksbury, Wareham, Natick, Dorchester Center, Chelmsford, Newton Upper Falls, Tewksbury, Burlington, Tewksbury, Peabody, East Wareham, Jamaica Plain, West Roxbury, East Falmouth, Beverly, Lynn, Newburyport, Salem, alden, Duxbury, Everett, Peabody, Peabody and Chelsea, MA.

Opened in 1855, Salem Five is a large bank with more than $2.9 billion in assets. The bank has offices in Beverly, Beverly Farms, Boston, Burlington Mall, Danvers, Hamilton, Lynn, Malden, Marblehead, Middleton, North Andover, Peabody, Reading, Salem, Saugus, Stoneham, Sudbury, Swampscott, Woburn, MA.

East Boston Savings Bank‘s reverse mortgage will help senior homeowners get money to pay for vacation, medical expenses or other life expenses. EBSB has branches in Boston, Saugus, Jamaica Plain, Lynn, Revere, Danvers, Cambridge, Medford, Melrose, Wakefield, Winthrop, Everett, West Roxbury, Dorchester Center, Peabody, MA.

Founded in 1848, Edgartown National Bank is a state chartered bank with 15 offices in Boston metropolitan area. ENB’s reverse mortgage will give you the max flexibility and freedom by using the home equity. ENB has offices in Cambridge, Danvers, East Boston, Everett, Lynn, Medford, Melrose, Peabody, Saugus, Wakefield and Winthrop, MA.

Opened in 1855, Hanscom Federal Credit Union(www.hfcu.org) has branch offices in Bedford, Boston, Burlington, Concord, Devens, Hanscom AFB, Jamaica Plain, Natick and West Roxbury, MA.

Founded in 1835, Bank of Canton is a mutual savings bank committed to offering great mortgage products with its branches in Canton, Randolph, Quincy and Brookline, MA.

Established in 1952, Central One Federal Credit Union is a non-profit, occupational-based credit union mainly serving the employees and their family members of the NEES. COFCU has offices in Auburn, Berlin, Bolton, Boylston, Paxton, Princeton, Clinton, W. Boylston, Worcester, Shrewsbury, Southborough, Grafton, Harvard, Marlboro, Milford, Millbury, Northborough, Rutland, Sterling, Upton, Westborough, Holden, Hopkinton, Lancaster and Leicester, MA.

Scient Federal Credit UnionAndover, MA

Central One Federal Credit Union: Shrewsbury, Auburn, Northborough, Westborough, Salem, Waltham, MA

Dedham Town Employees Federal Credit Union: Dedham, MA

Goldmark Federal Credit Union: Attleboro MA

Haverhill Teachers Credit Union: Haverhill, MA

Melrose School and Municipal Employees Federal Credit Union: Melrose, MA

Methuen Federal Credit Union: Methuen, MA

New Bedford Credit Union: New Bedford, MA

Norfolk Community Federal Credit Union: Norfolk, MA

Woburn Municipal Federal Credit Union: Woburn, MA

Call Federal Credit Union: Richmond, Henrico, Midlothian, Mechanicsville, VA

Chesterfield Federal Credit Union: Chesterfield, VA

Entrust Federal Credit Union: Richmond, VA

New Generations Federal Credit Union:  Richmond, VA

Other Lenders

Capstone Mortgage

Merrimack Mortgage Company, Inc.

Generation Mortgage Company

Liberty Home Equity Solutions, Inc.

Homestead Mortgage LLC

Harbor Mortgage Solutions, Inc.

Mortgage Master Inc.

Benjamin Franklin Bank

Radius Financial Group

First World Mortgage Corporation

Security 1 Lending

First Integrity Mortgage Services

Direct Finance Corp.

Hanscom Federal Credit Union

Accutrust Mortgage, Inc.

Reverse Mortgage of New England

 

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