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 9 reverse mortgage specialists in Buffalo, 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.
HUNT Mortgage (NMLS #37405)
403 Main St #210, Buffalo, NY 14203
8884338373
Queen City Funding, Inc.
1416 Sweet Home Rd #9b, Buffalo, NY 14228
7167990846
Premium Mortgage Corporation
4421 Transit Rd, Buffalo, NY 14221
7166330501
Haus Capital Corporation
295 Main St Suite 101 A, Buffalo, NY 14203
7165884287
Samer Hanash, MBA (Haus Capital Corp)
295 Main St Suite 101 A, Buffalo, NY 14203
7168152406
Banas Mortgage Co LTD
27 N Long St, Buffalo, NY 14221
7166335888
Banas Mortgage Co LTD
27 N Long St, Buffalo, NY 14221
7166335888
Supreme Lending Buffalo
6325 Sheridan Dr Suite 1, Buffalo, NY 14221
7169296800
Community Real Estate Mortgage
1705 Hertel Ave, Buffalo, NY 14216
7168191081
What Does a Reverse Mortgage Specialist in Buffalo Cost?
Typical costs for a reverse mortgage in New York include an origination fee up to 2 percent of the home value, mortgage insurance premiums of 2 percent upfront plus 0.5 percent annually, and third-party fees for appraisal title and recording. These fees can range from 3000 to 8000 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 is a reverse mortgage specialist in Buffalo New York?
A reverse mortgage specialist is a licensed professional who helps seniors obtain a Home Equity Conversion Mortgage HECM. They explain eligibility, costs, and how the loan works under New York state regulations. Specialists do not provide legal advice but coordinate with counselors and lenders.
What are the New York requirements for a reverse mortgage?
New York requires borrowers to complete HUD-approved counseling before applying. The borrower must be at least 62 years old and own their home outright or have a low mortgage balance. New York also mandates a three-day right of rescission after closing.
How do I choose a reverse mortgage specialist in Buffalo?
Look for a specialist who is licensed in New York and has experience with HECM loans. Check their standing with the New York State Department of Financial Services. Ask about their familiarity with Buffalo area property values and local tax rules.