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Compare reverse mortgage specialists in Depew. Review contact information and insurance categorys before you decide.
2 agents listed
Updated May 2026
Depew, 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 Depew, 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.
Buffalo Financial
4990 Transit Rd, Depew, NY 14043
7167711888
OneMain Financial
4779 Transit Rd, Depew, NY 14043
7166560081
A reverse mortgage specialist in Depew, New York helps homeowners aged 62 and older convert home equity into cash without monthly payments. New York law requires borrowers to complete a counseling session with a HUD-approved agency before applying. Specialists can explain how a Home Equity Conversion Mortgage (HECM) works under state and federal rules.
What Does a Reverse Mortgage Specialist in Depew Cost?
Typical costs for a reverse mortgage in New York include an origination fee of 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. Total closing costs often range from 3,000 to 8,000 dollars depending on the property value and lender. New York law requires lenders to provide a detailed cost estimate at the application stage. 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 are the age requirements for a reverse mortgage in Depew?
Borrowers must be at least 62 years old. If married, the younger spouse must also be 62 to be listed on the loan. New York law follows federal HECM age rules.
Do I need counseling before getting a reverse mortgage in New York?
Yes. New York law requires all borrowers to attend a counseling session with a HUD-approved agency. The session covers loan terms, costs, and alternatives. You must receive a certificate before the lender can process your application.
Can I lose my home with a reverse mortgage in Depew?
You can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. New York law also requires you to live in the home as your primary residence. The loan becomes due if you move out for more than 12 months.
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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.