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Compare reverse mortgage specialists in Goshen. Review contact information and insurance categorys before you decide.
8 agents listed
Updated May 2026
Goshen, 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 8 reverse mortgage specialists in Goshen, 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.
Nicole Edwards- Rhinebeck Bank Residential Lending
252 Main St, Goshen, NY 10924
8454646591
Tangredi Financial Services
2679 NY-17M # C, Goshen, NY 10924
8453605762
A reverse mortgage specialist in Goshen, New York can help homeowners aged 62 and older access home equity without monthly payments. New York law requires mandatory counseling from a HUD-approved agency before you can apply for a Home Equity Conversion Mortgage (HECM). Specialists in Goshen understand local property values and can guide you through the specific state regulations that protect borrowers.
What Does a Reverse Mortgage Specialist in Goshen 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 ($2,000 to $5,000). Total upfront costs usually range from $8,000 to $15,000, but these can often be financed into the loan amount. 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 and property requirements for a reverse mortgage in Goshen New York?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The property must be your primary residence and be a single-family home, a 2-4 unit property, or a HUD-approved condominium or manufactured home. New York law also requires that you complete a counseling session with a HUD-approved agency before you can proceed.
What happens to the loan if I move out or pass away in New York?
The loan becomes due when you permanently leave the home, sell the property, or pass away. In New York, your heirs have up to 12 months to repay the loan or sell the home. If the sale does not cover the full loan amount, the Federal Housing Administration insurance covers the difference, and your heirs are not personally liable for the shortfall.
Are reverse mortgage proceeds taxable in New York?
No, reverse mortgage proceeds are not considered income by the IRS or New York State. They are treated as a loan advance, so you do not pay state or federal income tax on the funds you receive. However, you should consult a tax professional for your specific situation, as property tax and insurance obligations still apply.
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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.