Reverse mortgage in Massachusetts
In Massachusetts, HUD's records of the loans show who lends, where those loans are and who counsels.
- In Massachusetts, 494 HECMs closed during a year
- Median home value counted by HUD: $642,500
- In Massachusetts, Longbridge Financial had the most HECMs, with 134
HUD's HECM data shows that Massachusetts had 494 reverse mortgages closed from September 2025 to August 2026, 2% of the 24,529 nationwide, ranking 18th among the 50 states and DC.
Within this total, 4 funded home purchases with a HECM for Purchase, 32 refinanced a prior HECM and 38 hit the $1,249,125 cap on value.
National comparison for Massachusetts HECMs
The final two rows are drawn from the calculator.
| Massachusetts | Against all HECMs | |
|---|---|---|
| HECMs closed | 494 | 2% of all 24,529 |
| Median home value counted | $642,500 | $202,500 more |
| Median principal limit | $289,997 | $95,825 more |
| Principal limit as a share of value | 43.8% | 0.4 points higher |
| Median expected rate | 5.875% | the same |
| HECM for Purchase | 0.8% | 4.7 points lower |
| Refinanced HECMs | 6.5% | 4.4 points lower |
| Lenders with a loan here | 11 | of 34 nationwide |
| Median home, no mortgage: what remains after costs at age 70 | $225,655 | $74,115 more |
| Usable in the first year at age 70 | $126,453 | $42,849 more |
Massachusetts HECM lenders ranked by loan counts
Massachusetts HECMs were sponsored by 11 lenders. The three leaders, Longbridge Financial, Mutual of Omaha Mortgage and Finance of America Reverse, accounted for 373 loans, or 76% of 494. Make a comparison using the national ranking.
| Rank | Lender | HECMs | Share |
|---|---|---|---|
| 1 | Longbridge Financial | 134 | 27.1% |
| 2 |  | 134 | 27.1% |
| 3 | Finance of America Reverse | 105 | 21.3% |
| 4 | PHH Mortgage | 49 | 9.9% |
| 5 |  | 35 | 7.1% |
| 6 |  | 13 | 2.6% |
| 7 | Guild Mortgage | 9 | 1.8% |
| 8 | Plaza Home Mortgage | 8 | 1.6% |
| 9 | Guaranteed Rate | 3 | 0.6% |
| 10 |  | 2 | 0.4% |
HECMs originated in Massachusetts by local lenders and brokers
Massachusetts HECM applications were taken by 65 companies. Setting aside the national lenders, the firms that originated the most were Slade Mortgage Group (14), Salem Five Mortgage (12), Movement Mortgage (12), Aaa Northeast Bank (11), Radius Financial Group (10), Powerhouse Funding (8), Loandepot.com (8) and Tremont Credit Union (7). These counts are of the company that originated each loan, while the ranking above counts the lender that sponsored it, so the two lists are not comparable.
Places where Massachusetts HECMs were made
Of the 494 loans, Essex County led with 90, while Middlesex had 70. Plymouth (13), Newburyport (10), Lynn (9), Beverly (9) and East Falmouth (8) were the cities with the most. City names are the mailing city on each HUD record and can reach into nearby counties, so a city's count need not match the county table.
| County | HECMs | Share |
|---|---|---|
| Essex | 90 | 18.2% |
| Middlesex | 70 | 14.2% |
| Barnstable | 67 | 13.6% |
| Plymouth | 64 | 13% |
| Bristol | 45 | 9.1% |
| Worcester | 45 | 9.1% |
Massachusetts HUD-approved reverse mortgage counselors
HUD's list shows 6 agencies for reverse mortgage counseling, based in Massachusetts across 6 cities. HUD's counselor search provides their phone numbers.
| City | Agency | How they counsel | Languages |
|---|---|---|---|
| Agawam, MA | Cambridge Credit Counseling Corporation | phone, in person, video, online, group | English, Polish, Spanish |
| Auburndale, MA | American Consumer Credit Counseling | phone | English |
| Hyannis, MA | Housing Assistance Corp. | phone | English |
| Quincy, MA | Neighborworks Housing Solutions | phone, in person | English |
| Stoneham, MA | Community Service Network | phone, in person, video, online, group | English |
| Woburn, MA | Debthelper.com | phone, in person | English, Spanish |
Property tax relief for older Massachusetts homeowners
You may qualify for this credit if you are 65 or older in Massachusetts: the Senior Circuit Breaker Tax Credit is based on property taxes paid for your principal residence. For tax year 2025 the credit is capped at $2,820. Tax Information for Seniors and Retirees | Mass.gov.
Who oversees reverse mortgage lenders in Massachusetts
Reverse mortgage lending in Massachusetts is regulated by the Massachusetts Division of Banks. Reverse Mortgage lending for banks, credit unions, and lenders | Mass.gov.
These figures come from the HUD HECM portfolio snapshot, covering September 2025 to August 2026. Every state.