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Compare Reverse Mortgage Specialists in Farmingville, NY
Browse reverse mortgage specialists serving Farmingville, New York. Contact information and addresses listed below.
5 agents listed
Updated May 2026
Farmingville, NY
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 5 reverse mortgage specialists in Farmingville, 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.
Atlantic Home Capital - Mortgage Lender New York
627 Horseblock Road, Farmingville, NY 11738
6316873510
Insula Capital Group
627 Horseblock Road, Farmingville, NY 11738
8333193517
Kareem Alexander Baldwin NMLS#26812
627 Horseblock Road, Farmingville, NY 11738
6313947640
Reverse Mortgage Mitch Brand NMLS 66800
118 Overlook Dr, Farmingville, NY 11738
5163538584
Chase Mortgage
2430 N Ocean Ave, Farmingville, NY 11738
6317360700
A reverse mortgage specialist in Farmingville, New York can help homeowners aged 62 and older convert home equity into tax-free funds without monthly payments. New York law requires borrowers to complete a HUD-approved counseling session before applying for a Home Equity Conversion Mortgage (HECM). Farmingville residents should work with a specialist familiar with Suffolk County property values and New York State lien and foreclosure rules.
What Does a Reverse Mortgage Specialist in Farmingville Cost?
Typical costs for a reverse mortgage specialist in New York include an origination fee of up to 2 percent of the first 200,000 dollars of the home value plus 1 percent of the amount over 200,000 dollars (capped at 6,000 dollars). Other fees include a HUD counseling fee of about 125 to 250 dollars, an appraisal fee of 400 to 600 dollars, and closing costs of 2,000 to 5,000 dollars. The FHA mortgage insurance premium is 2 percent of the appraised value upfront plus 0.5 percent annually. Costs vary by lender and loan amount. 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 are the age and property requirements for a reverse mortgage in Farmingville?
Borrowers must be at least 62 years old. The home must be the primary residence and a single-family home, a 2-4 unit property, a HUD-approved condominium, or a manufactured home that meets FHA standards. The property must be in good condition and located in Farmingville, New York.
Do I need counseling before getting a reverse mortgage in New York?
Yes. New York State requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. The session covers loan terms, costs, and alternatives. You must receive a signed counseling certificate before the lender can process your application.
Can I lose my home with a reverse mortgage in Farmingville?
Yes, if you fail to meet loan obligations. You must continue to pay property taxes, homeowners insurance, and maintain the home. New York law also requires that you occupy the home as your primary residence. If you move out for more than 12 consecutive months, the loan becomes due.
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the New York.