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 4 reverse mortgage specialists in Beacon, 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.
Edward Jones - Financial Advisor: Thomas J Geoghegan, CFP®
284 Main St, Beacon, NY 12508
8458310507
Walden Savings Bank
554 Main St, Beacon, NY 12508
8454578255
Local Lending Company, LLC
68 E Main St, Beacon, NY 12508
8006738201
Chase Home Lending
404 Main St, Beacon, NY 12508
3472607876
What Does a Reverse Mortgage Specialist in Beacon Cost?
Typical costs for a reverse mortgage specialist in New York include origination fees up to 2 percent of the home value with a cap of 6000 dollars. Third-party costs such as appraisal title search and recording fees range from 1000 to 3000 dollars. HUD mortgage insurance premiums include an upfront fee of 2 percent of the loan amount plus an annual premium of 0.5 percent. Costs vary by situation and lender. 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 Beacon New York?
Borrowers must be at least 62 years old. All co-borrowers on the title must meet this age requirement. New York law does not allow exceptions to this rule.
Do I need counseling before getting a reverse mortgage in New York?
Yes. New York requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. This session must occur before you submit your loan application.