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Find Reverse Mortgage Specialists in Port Washington, NY
Compare reverse mortgage specialists in Port Washington. Review contact information and insurance categorys before you decide.
2 agents listed
Updated May 2026
Port Washington, 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 Port Washington, 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
115 Main St, Port Washington, NY 11050
5162867864
Joe Dlabola - Chase Home Lending Advisor - NMLS ID 673165
115 Main St, Port Washington, NY 11050
5162867864
A reverse mortgage specialist in Port Washington, New York helps homeowners aged 62 and older convert home equity into loan proceeds. New York law requires borrowers to complete HUD-approved counseling before applying. Port Washington residents benefit from specialists who understand local property values and Nassau County regulations.
What Does a Reverse Mortgage Specialist in Port Washington 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 third-party fees such as appraisal and title search. For a Port Washington home valued at 600,000 dollars, total closing costs often range from 10,000 to 18,000 dollars. These costs are financed into the loan, not paid upfront. 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 Port Washington?
Borrowers must be at least 62 years old. In New York, all borrowers on the title must meet this age requirement, and at least one borrower must live in the home as their primary residence.
Is counseling mandatory for reverse mortgages in New York?
Yes, New York requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. This session must occur before the loan application is submitted and covers loan terms, costs, and alternatives.
What property types qualify for a reverse mortgage in Port Washington?
Eligible properties include single-family homes, HUD-approved condominiums, and manufactured homes that meet FHA standards. In Port Washington, co-ops are generally not eligible for federally insured reverse mortgages.
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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.