• Easy Application.¹
  No income, credit or health requirements.
  
  
• Tax-free.
  Income from your reverse mortgage is tax-free.
  
  
• Flexible. 
  Depending on the reverse mortgage product selected, you can receive your funds in a lump sum, as monthly payments, as a line of credit or a combination of these.
  
  
• No monthly payments.²
  Principal and interest does not need to be repaid as long as the property remains your primary residence.

Learn more about reverse mortgages.

See how much equity you can access
The amount of equity you can access is based primarily on three factors: the age of the youngest homeowner, your home's appraised value as determined by the lender and the current interest rate. Use a reverse mortgage calculator to estimate the amount of your home’s equity you could borrow with a reverse mortgage.

Tap into our Expertise
Our Reverse Mortgage Specialists combine their broad understanding of the challenges facing seniors with Eastern’s consultative approach to design a reverse mortgage program that meets your specific needs.

Contact one of our local Reverse Mortgage Specialists today.  They’ll be glad to answer your questions, help you determine if you are eligible for a reverse mortgage and will help you make an informed decision about whether a reverse mortgage is the best solution for your particular needs.³

Our Heritage
And – you'll have the peace of mind knowing that Eastern Bank has been helping customers get the most out of their finances for nearly 200 years.

¹ All liens on the property must be satisfied at the time of closing.

² Primary residence is based on the title and occupancy requirements of the program.

³ Before applying for a reverse mortgage, you must attend a counseling session given by a government-approved agency. There may be a fee for this required counseling service.