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Find Reverse Mortgage Specialists in Glens Falls, NY
Directory of reverse mortgage specialists in Glens Falls, New York. Verify credentials with the state mortgage licensing authority before hiring.
4 agents listed
Updated May 2026
Glens Falls, 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 4 reverse mortgage specialists in Glens Falls, 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.
Homestead Funding Corp: Courtney Delaney | NMLS# 812681
3 Warren St, Glens Falls, NY 12801
5187919886
Homestead Funding Corp: Laura Murphy | NMLS#2063409
3 Warren St, Glens Falls, NY 12801
5182211145
Homestead Funding Corp. - Glens Falls
5 Warren St Suite 104, Glens Falls, NY 12801
5187932850
Quintessential Mortgage Group LLC - Glens Falls Branch
11 Broad St Suite 3A, Glens Falls, NY 12801
5185174776
A reverse mortgage specialist in Glens Falls, New York helps homeowners aged 62 and older convert home equity into loan proceeds. New York law requires borrowers to receive counseling from a HUD-approved agency before applying. Local specialists can guide you through the process and explain how a reverse mortgage may affect your estate and heirs.
What Does a Reverse Mortgage Specialist in Glens Falls Cost?
Typical costs for a reverse mortgage in New York include an origination fee of up to 2 percent of the home value, an upfront mortgage insurance premium of 2 percent of the appraised value, and appraisal fees ranging from 400 to 800 dollars. Closing costs, title insurance, and recording fees may add another 1,000 to 2,500 dollars. These costs can be financed into the loan, reducing the amount of cash you receive. This is general information and 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 eligibility requirements for a reverse mortgage in Glens Falls?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The home must be your primary residence and meet HUD property standards. New York also requires that you complete a counseling session with a HUD-approved agency before you can apply.
How does New York law affect reverse mortgage proceeds?
New York law does not impose state income tax on reverse mortgage loan proceeds because they are considered loan advances, not income. However, you must still pay property taxes and homeowners insurance. Failure to do so can lead to loan default and foreclosure.
Can a reverse mortgage specialist help with estate planning in Glens Falls?
Yes, a specialist can explain how a reverse mortgage affects your heirs. In New York, heirs have the option to repay the loan and keep the home or sell the property to satisfy the debt. The loan balance cannot exceed the home value at the time of sale, thanks to HUDs non-recourse feature.
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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.