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Directory of reverse mortgage specialists in Lagrangeville, New York. Verify credentials with the state mortgage licensing authority before hiring.
2 agents listed
Updated May 2026
Lagrangeville, 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 2 reverse mortgage specialists in Lagrangeville, 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: Michael Maloney | NMLS# 135848
1131 State Rte 55 Suite 8, Lagrangeville, NY 12540
8456562331
Homestead Funding Corp. – Lagrangeville
1131 State Rte 55 Suite 8, Lagrangeville, NY 12540
8458490222
A reverse mortgage specialist in Lagrangeville can help homeowners aged 62 and older convert home equity into tax-free funds. New York law requires borrowers to complete a counseling session with a HUD-approved agency before applying. Specialists guide clients through the process, including understanding loan terms and repayment obligations.
What Does a Reverse Mortgage Specialist in Lagrangeville 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 closing costs such as appraisal and title fees. Total costs often range from 5,000 to 15,000 dollars, depending on the loan amount and property value. These costs are usually financed into the loan. 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 age requirements for a reverse mortgage in Lagrangeville New York?
Borrowers must be at least 62 years old. New York law also requires that all borrowers listed on the title meet this age requirement. A specialist can verify eligibility based on your specific situation.
Do I need to own my home free and clear to qualify for a reverse mortgage in New York?
No, you do not need to own your home free and clear. However, you must have significant equity in the property. The loan pays off any existing mortgage first, and you receive the remaining funds. New York law limits the amount of equity you can access based on your age and home value.
What counseling is required for a reverse mortgage in Lagrangeville New York?
New York state law mandates that all borrowers complete a counseling session with a HUD-approved housing counseling agency. This session must occur before you can submit a loan application. The counselor explains loan costs, alternatives, and potential risks. You can find approved agencies through the New York State Department of Financial Services.
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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.