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Find Reverse Mortgage Specialists in Brockport, NY
Browse reverse mortgage specialists serving Brockport, New York. Contact information and addresses listed below.
3 agents listed
Updated May 2026
Brockport, 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 3 reverse mortgage specialists in Brockport, 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.
Klafehn, Heise & Johnson P.L.L.C.
109 Main St, Brockport, NY 14420
5856373911
Chase Mortgage
66 Main St S, Brockport, NY 14420
5856373946
Edward Jones - Financial Advisor: Jessica Burris
4756 Lake Rd S, Brockport, NY 14420
5856377784
A reverse mortgage specialist in Brockport, New York helps homeowners aged 62 and older convert home equity into loan proceeds. New York law requires borrowers to receive counseling from a HUD-approved agency before obtaining a Home Equity Conversion Mortgage. Brockport residents can use these funds for home repairs, medical expenses, or supplementing retirement income.
What Does a Reverse Mortgage Specialist in Brockport Cost?
Typical costs for a reverse mortgage in New York include an origination fee (up to $6,000), a mortgage insurance premium (2% of the appraised value upfront plus 0.5% annually), appraisal fees ($400 to $800), and closing costs ($1,500 to $3,000). These 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 eligibility requirements for a reverse mortgage in Brockport New York?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The property must be the primary residence, and New York law requires a mandatory counseling session with a HUD-approved counselor before application.
How much can I borrow with a reverse mortgage in Brockport New York?
The amount depends on the younger borrowers age, current interest rates, and the homes appraised value. In New York, the maximum claim amount for a HECM is $1,089,300 as of 2024. A specialist can provide a personalized estimate.
Are reverse mortgage proceeds taxable in New York?
Reverse mortgage proceeds are generally not considered taxable income by the IRS or New York State. However, interest on the loan is not deductible until the loan is repaid. Consult a tax professional for your specific situation.
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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.