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Find Reverse Mortgage Specialists Near You in Saratoga Springs, NY
Looking for a reverse mortgage specialist in Saratoga Springs? Review the directory below to compare your options.
9 agents listed
Updated May 2026
Saratoga Springs, 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 9 reverse mortgage specialists in Saratoga Springs, 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.
The Funding Store
380 Broadway, Saratoga Springs, NY 12866
5185870523
Anna Smith - Quintessential Mortgage Group
18 Division St Suite 204, Saratoga Springs, NY 12866
5183684404
Homestead Funding Corp: Laura Guillerault | NMLS# 59471
517 Broadway UNIT 202, Saratoga Springs, NY 12866
5186699664
Heidi C Ives | Go Rascal Inc Regional Manager/Sr. Loan Officer
Homestead Funding Corp: Dean Sunkes - (NMLS #64730)
517 Broadway UNIT 202, Saratoga Springs, NY 12866
5183064511
Reverse mortgage specialists in Saratoga Springs help older homeowners access home equity without monthly payments. New York law requires borrowers to complete HUD-approved counseling before applying. Saratoga Springs residents often use these loans to supplement retirement income or pay for home improvements.
What Does a Reverse Mortgage Specialist in Saratoga Springs 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 like appraisal and title search. These costs often total between 5,000 and 15,000 dollars. Closing 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 New York?
Borrowers must be at least 62 years old. If the home is owned jointly, all owners must meet this age requirement. New York follows federal HUD guidelines for age eligibility.
Do I need to own my home free and clear to qualify in Saratoga Springs?
No, you can have an existing mortgage. The reverse mortgage must pay off any current liens first. New York law requires that the home be your primary residence.
What types of reverse mortgages are available in New York?
The most common is the Home Equity Conversion Mortgage or HECM, insured by the FHA. Some private lenders offer proprietary reverse mortgages for higher-value homes. New York state does not have its own reverse mortgage program.
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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.