Find Reverse Mortgage Specialists Near You in Staten Island, NY
Directory of reverse mortgage specialists in Staten Island, New York. Verify credentials with the state state mortgage licensing authority before hiring.
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
State Mortgage Licensing Authority of New York before hiring.
Showing 19 reverse mortgage specialists in Staten Island, 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.
A reverse mortgage specialist in Staten Island helps homeowners aged 62 and older access home equity without monthly payments. New York State requires mandatory counseling from a HUD-approved agency before you can apply. Specialists guide you through the process, including understanding the loan terms and how they affect your estate.
What Does a Reverse Mortgage Specialist in Staten Island 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, and third-party fees for appraisal, title search, and recording. Total closing costs often range from 5,000 to 15,000 dollars depending on the property value and loan type. This is general information and 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 Staten Island?
You must be at least 62 years old to qualify for a reverse mortgage in New York. All borrowers listed on the title must meet this age requirement. The home must also be your primary residence.
Do I need counseling before getting a reverse mortgage in New York?
Yes, New York State law requires you to complete a counseling session with a HUD-approved counselor. This session explains the costs, risks, and alternatives. You cannot proceed with the loan without a signed counseling certificate.
Can I lose my home with a reverse mortgage in Staten Island?
You can lose your home if you do not pay property taxes, homeowners insurance, or maintain the property. New York law requires lenders to provide a notice before foreclosure. You must also live in the home as your primary residence.