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Reverse Mortgage Specialists in New Rochelle, NY

Looking for a reverse mortgage specialist in New Rochelle? Review the directory below to compare your options.

3 agents listed
Updated May 2026
New Rochelle, 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 New Rochelle, 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.
Lending Resource Inc.
271 North Avenue, 271 North Ave UNIT 703, New Rochelle, NY 10801
9145767900
Union Home Funding Corporation
8 Memorial Hwy, New Rochelle, NY 10801
9146366004
Chase Home Lending
270 North Ave, New Rochelle, NY 10801
9145769818

A reverse mortgage specialist in New Rochelle New York helps homeowners aged 62 and older convert home equity into cash. New York State requires borrowers to receive HUD-approved counseling before applying. Specialists guide clients through the process including loan terms and repayment obligations under New York law.

What Does a Reverse Mortgage Specialist in New Rochelle Cost?

Typical costs for a reverse mortgage specialist in New York include an origination fee of up to 2 percent of the home value capped at USD 6,000. Third-party costs like appraisal title search and recording fees can range from USD 2,000 to USD 5,000. The mandatory HUD counseling fee is usually between USD 125 and USD 250. These costs vary by lender 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 does a reverse mortgage specialist do in New Rochelle?
A specialist explains reverse mortgage options helps with the application process and coordinates with HUD-approved counselors. They ensure compliance with New York State regulations including the mandatory counseling session.
What are the New York requirements for a reverse mortgage?
Borrowers must be at least 62 years old and attend a counseling session with a HUD-approved agency. New York law also requires a 30-day waiting period after counseling before the loan can close.
How do I find a reverse mortgage specialist in New Rochelle?
You can search for specialists through the New York State Department of Financial Services website or by contacting local mortgage brokers. Look for professionals who are licensed in New York and experienced with HECM loans.