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Find Reverse Mortgage Specialists Near You in Rye, NY
Directory of reverse mortgage specialists in Rye, New York. Verify credentials with the state mortgage licensing authority before hiring.
3 agents listed
Updated May 2026
Rye, 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 Rye, 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.
William Raveis Real Estate - Rye
78 Purchase St, Rye, NY 10580
9149671333
Roberta Picarillo - Chase Home Lending Advisor - NMLS ID 743520
73 Purchase St, Rye, NY 10580
9149671143
Theresa Viti - Mortgage Loan Officer
38 Purchase St, Rye, NY 10580
9144066695
A reverse mortgage specialist in Rye, New York helps homeowners aged 62 and older convert home equity into tax-free funds. New York law requires all reverse mortgage originators to hold a valid mortgage loan originator license and follow strict disclosure rules under New York Banking Law Article 12-D. Rye residents benefit from specialists familiar with Westchester County property values and local housing market conditions.
What Does a Reverse Mortgage Specialist in Rye Cost?
Typical costs for a reverse mortgage in New York include an origination fee up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value upfront plus 0.5 percent annually, and third-party fees such as appraisal (USD 400 to USD 800), title search (USD 500 to USD 1,500), and recording fees (USD 100 to USD 300). Total closing costs often range from USD 5,000 to USD 12,000. 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 does a reverse mortgage specialist do in Rye New York?
A reverse mortgage specialist counsels homeowners on Home Equity Conversion Mortgage (HECM) options. They explain eligibility, loan terms, and repayment requirements under New York law. They also help clients understand how the loan affects estate planning and Medicaid eligibility.
Are there New York specific requirements for reverse mortgage specialists?
Yes. New York requires all reverse mortgage originators to be licensed as mortgage loan originators by the New York State Department of Financial Services. They must also complete annual continuing education on New York reverse mortgage laws and provide borrowers with a state-mandated disclosure booklet before closing.
How long does a reverse mortgage take to close in New York?
A reverse mortgage in New York typically takes 30 to 60 days from application to closing. This includes a mandatory HUD-approved counseling session, property appraisal, and underwriting review. New York law also requires a three-day right of rescission after closing.
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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.