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Compare Reverse Mortgage Specialists in Ballston Spa, NY
Directory of reverse mortgage specialists in Ballston Spa, New York. Verify credentials with the state mortgage licensing authority before hiring.
2 agents listed
Updated May 2026
Ballston Spa, 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 Ballston Spa, 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.
Haus Capital Corporation - Saratoga
10 Blacksmith Dr, Ballston Spa, NY 12020
5183668608
Contour Mortgage
404 Geyser Rd, Ballston Spa, NY 12020
5183216735
A reverse mortgage specialist in Ballston Spa New York helps homeowners aged 62 and older convert home equity into cash. New York law requires borrowers to receive counseling from a HUD-approved counselor before applying. These specialists guide clients through the process including eligibility and repayment rules specific to New York State.
What Does a Reverse Mortgage Specialist in Ballston Spa 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 such as appraisal and title search. These costs can range from 5,000 to 15,000 dollars depending on the home value and lender. 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 does a reverse mortgage specialist do in Ballston Spa?
A reverse mortgage specialist assists homeowners with the application process for a Home Equity Conversion Mortgage. They explain New York specific requirements such as mandatory counseling and property charge obligations. They also help clients understand how the loan affects estate planning and inheritance.
What are the New York legal requirements for a reverse mortgage?
New York law requires all borrowers to complete a counseling session with a HUD-approved counselor before filing an application. The state also mandates a three day right of rescission after closing. Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance.
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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.