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Directory of reverse mortgage specialists in Mt Vernon, New York. Verify credentials with the state mortgage licensing authority before hiring.
3 agents listed
Updated May 2026
Mt Vernon, 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 3 reverse mortgage specialists in Mt Vernon, 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.
Dalco Financial Services, Inc
120 Stevens Ave, Mt Vernon, NY 10550
9146647800
Commercial Lending Mount Vernon NY
229 E Sandford Blvd, Mt Vernon, NY 10553
9143713557
Chase Mortgage
22 W 1st St, Mt Vernon, NY 10550
9146642860
A reverse mortgage specialist in Mt Vernon New York helps 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. Specialists guide clients through the FHA Home Equity Conversion Mortgage program and explain local property tax implications.
What Does a Reverse Mortgage Specialist in Mt Vernon Cost?
Reverse mortgage costs in New York typically include an origination fee up to 2 percent of the home value with a cap of 6000 dollars. Third party costs such as appraisal title search and recording fees range from 1000 to 3000 dollars. An upfront mortgage insurance premium of 2 percent of the home value is required by the FHA. Annual mortgage insurance premiums are 0.5 percent of the loan balance. These costs can be financed into the loan. 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 requirements for a reverse mortgage in Mt Vernon New York?
Borrowers must be at least 62 years old. If married a non-borrowing spouse under 62 may be protected under New York law if the loan is originated after August 4 2014. The home must be the primary residence.
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. This session covers loan terms costs and alternatives. You must receive a certificate of completion before the loan can proceed.
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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.