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Find Reverse Mortgage Specialists in Williston Park, NY
Browse reverse mortgage specialists serving Williston Park, New York. Contact information and addresses listed below.
2 agents listed
Updated May 2026
Williston Park, 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 Williston Park, 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
138 Hillside Ave., Williston Park, NY 11596
5166624743
DE Capital Mortgage
192 Hillside Ave., Williston Park, NY 11596
5167460440
A reverse mortgage specialist in Williston Park, New York helps homeowners aged 62 and older convert home equity into loan proceeds. New York law requires borrowers to receive third-party counseling from a HUD-approved agency before obtaining a Home Equity Conversion Mortgage (HECM). Williston Park residents can work with local specialists to understand how this financial tool interacts with New York property tax deferral programs and estate laws.
What Does a Reverse Mortgage Specialist in Williston Park Cost?
Typical costs for a reverse mortgage in New York include an origination fee (up to $6,000), mortgage insurance premium (2% of the home value upfront plus 0.5% annually), appraisal fee ($400 to $800), and closing costs ($1,000 to $3,000). Third-party counseling fees range from $125 to $250. Total costs often range from $8,000 to $15,000. These costs are usually 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 Williston Park?
Borrowers must be at least 62 years old. For a HECM, all co-borrowers named on the title must meet this age requirement. New York law does not allow exceptions to this federal rule.
Does New York require mandatory counseling for reverse mortgages?
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. The counselor explains loan terms, costs, and alternatives.
Can a reverse mortgage affect my New York property taxes?
Yes. You must continue to pay property taxes and homeowners insurance. In New York, failure to pay taxes can lead to foreclosure. Some Williston Park homeowners may qualify for the New York City or Nassau County property tax deferral programs for seniors.
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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.