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Browse reverse mortgage specialists serving Lawrence, New York. Contact information and addresses listed below.
2 agents listed
Updated May 2026
Lawrence, 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 Lawrence, 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.
Chase Home Lending
335 Rockaway Tpke, Lawrence, NY 11559
5167706719
David Ginsburg - Chase Home Lending Advisor - NMLS ID 626867
335 Rockaway Tpke, Lawrence, NY 11559
5167706719
A reverse mortgage specialist in Lawrence New York helps homeowners aged 62 and older convert home equity into tax-free funds. New York state requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage. Specialists in Lawrence guide clients through this process and explain local property tax implications.
What Does a Reverse Mortgage Specialist in Lawrence Cost?
Typical costs for a reverse mortgage specialist 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 closing costs such as appraisal and title fees. Total costs often range from 5,000 to 15,000 dollars depending on the home value and loan type. 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 eligibility requirements for a reverse mortgage in Lawrence New York?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The home must be the primary residence and meet HUD property standards. New York law also requires a mandatory counseling session with a HUD-approved counselor.
How does New York law affect reverse mortgage proceeds?
New York state does not tax reverse mortgage proceeds as income. However borrowers must continue to pay property taxes, homeowners insurance, and maintain the home. Failure to pay these costs can lead to foreclosure even with a reverse mortgage.
Can I lose my home with a reverse mortgage in Lawrence?
Yes if you fail to pay property taxes, homeowners insurance, or maintain the property. New York law provides a 30-day notice period before a lender can accelerate the loan. You must also live in the home as your primary residence.
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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.