By the Division of Banks


The following reverse mortgage programs and lenders are approved and currently ACTIVE in the Commonwealth as of November 24, 2014:

  • CBC National Bank -  Approved to offer HECM
  • Continental Home Loans, Inc. – Approved to offer HECM
  • FirstBank, Approved to offer HECM
  • Homeowners Options for Massachusetts Elders HOME program
  • James B. Nutter & Company -  Approved to offer HECM
  • Lenox Financial Mortgage Corporation d/b/a Weslend Financial – Approved to offer HECM in conjunction with Urban Financial Group, Inc.
  • Liberty Home Equity Solutions, Inc., formerly known as Genworth Financial Home Equity Access, Inc. -  Approved to offer HECM
  • Live Well Financial, Inc. – Approved to offer HECM
  • Maverick Funding Corp. -  Approved to offer HECM
  • One Reverse Mortgage, LLC -  Approved to offer HECM
  • Reverse Mortgage Funding, LLC- Approved to offer HECM
  • Salem Five Mortgage Company, LLC, a wholly-owned subsidiary of the Salem Five Cents Savings Bank - Approved to offer HECM in conjunction with Liberty Home Equity Solutions, Inc.
  • Urban Financial Group, Inc. – Approved to offer HECM
  • US Mortgage Corporation d/b/a US Mortgage Group – Approved to offer HECM in conjunction with Liberty Home Equity Solutions, Inc. and Urban Financial Group, Inc.

The following reverse mortgage programs and lenders were previously approved and are currently INACTIVE and are not authorized to act as a reverse mortgage lender in the Commonwealth;

  • Allied Home Mortgage Corporation – Ceased originating reverse mortgage loans on January 11, 2012
  • Bank of America, N.A. - Ceased originating reverse mortgage loans on April 29, 2011
  • Belmont Savings Bank - Ceased originating reverse mortgage loans on April 1, 2011
  • Bridgewater Savings Bank - Ceased originating reverse mortgage loans on June 28, 2011
  • Evolve Bank and Trust – Ceased originating reverse mortgage loans on January 1, 2014
  • Eastern Bank – Ceased originating reverse mortgage loans in May 2012
  • Financial Freedom Senior Funding Corporation - Ceased originating reverse mortgage loans on April 1, 2011
  • First Mariner Bank d/b/a Next Generation Financial Services – Ceased originating reverse mortgage loans on April 1, 2011
  • Gateway Funding Diversified Mortgage Services – Ceased originating reverse mortgage loans on January 1, 2014
  • Generation Mortgage Company – Ceased originating reverse mortgage loans on November 1, 2014
  • GMAC Mortgage Corporation -  Ceased originating reverse mortgage loans on May 16, 2013
  • Guaranteed Home Mortgage Company, Inc. – Ceased originating reverse mortgage loans on December 31, 2013
  • Hanscom Federal Credit Union -  Ceased originating reverse mortgage loans on October 21, 2011
  • Members Trust Company, FSB -  Ceased originating reverse mortgage loans on September 11, 2013
  • Merrimack Mortgage Company, Inc. - Ceased originating reverse mortgage loans on April 1, 2011
  • Metlife Home Loans, a Division of Metlife Bank, N.A. - Ceased originating reverse mortgage loans in May 2012
  • Plaza Home Mortgage, Inc. – Ceased originating reverse mortgage loans on January 1, 2014
  • Ross Mortgage Company – Ceased originating reverse mortgage loans on April 9, 2014
  • Southbridge Savings Bank – Ceased originating reverse mortgage loans on September 11, 2013
  • Susquehanna Bank (f/k/a Graystone Mortgage, a division of Graystone Tower Bank) – Ceased originating reverse mortgage loans in April 2012
  • The Cape Cod Five Cents Savings Bank – Cease originating reverse mortgage loans on April 1, 2011
  • The Savings Bank – Ceased originating reverse mortgage loans on April 1, 2011
  • Union Trust Mortgage Corporation -  Ceased originating reverse mortgage loans on April 1, 2011
  • Village Capital & Investment, LLC d/b/a Village Home Loan – Ceased originating reverse mortgage loans on January 1, 2012
  • Wells Fargo Home Mortgage- Ceased originating reverse mortgage loans on June 16, 2011

Reverse Mortgage Loans: What Borrowers Need to Know

Industry Guidance on Reverse Mortgage Loans

Other Helpful Resources