Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the New York before hiring.
Showing 4 reverse mortgage specialists in Croton-On-Hudson, NY
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
A.S.A.P. Mortgage Corp.
125 Grand St, Croton-On-Hudson, NY 10520
9148627100
Chase Mortgage
2003 Albany Post Rd, Croton-On-Hudson, NY 10520
9142717684
Freedom Mortgage
1392 Albany Post Rd, Croton-On-Hudson, NY 10520
9149307680
Chase Home Lending
171 S Riverside Ave, Croton-On-Hudson, NY 10520
9497376810
What Does a Reverse Mortgage Specialist in Croton-On-Hudson Cost?
Typical costs for a reverse mortgage in New York include an origination fee of up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees for appraisal and title search. These fees can range from 2000 to 6000 dollars depending on the loan amount and property. This is general information, not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What does a reverse mortgage specialist in Croton-On-Hudson do?
A reverse mortgage specialist guides homeowners through the application process, explains loan terms, and ensures compliance with New York regulations. They help you understand how a reverse mortgage affects your home equity and estate.
Are there New York-specific requirements for reverse mortgages?
Yes, New York requires borrowers to complete a counseling session with a HUD-approved counselor. The state also mandates a three-day right of rescission after closing, giving you time to cancel the loan without penalty.
How do I choose a reverse mortgage specialist in Croton-On-Hudson?
Look for a specialist licensed in New York with experience in HECM loans. Check their credentials with the New York State Department of Financial Services and ask about their familiarity with local property values in Westchester County.