Compare Reverse Mortgage Specialists in Hicksville, NY
Compare reverse mortgage specialists in Hicksville. Review contact information and insurance categorys before you decide.
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
State Mortgage Licensing Authority of New York before hiring.
Showing 7 reverse mortgage specialists in Hicksville, 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.
What Does a Reverse Mortgage Specialist in Hicksville Cost?
Typical costs for a reverse mortgage in New York include an origination fee up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and third-party costs like appraisal and title search. These fees can total 3000 to 8000 dollars depending on home value and lender. 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 is a reverse mortgage specialist in Hicksville New York?
A reverse mortgage specialist is a licensed professional who helps older homeowners understand and apply for reverse mortgages. In New York, they must follow state regulations including mandatory counseling and disclosure requirements.
What are the New York state requirements for a reverse mortgage?
New York requires borrowers to complete a HUD-approved counseling session before applying. The loan must be a HECM insured by the FHA. Borrowers must be at least 62 years old and own their home outright or have low mortgage balance.