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Compare reverse mortgage specialists in Holbrook. Review contact information and insurance categorys before you decide.
3 agents listed
Updated May 2026
Holbrook, 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 Holbrook, 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.
Weatherstone Mortgage Corp.
20 Peachtree Ct Suite 101, Holbrook, NY 11741
5163498181
Madison Mortgage - Brendon Luu Lends (Mortgage Broker)
4835 Veterans Memorial Hwy, Holbrook, NY 11741
6315387502
Arturo Asselta - Weatherstone Mortgage Corp
20 Peachtree Ct Suite 101, Holbrook, NY 11741
5163498181
A reverse mortgage specialist in Holbrook, New York can help homeowners aged 62 and older convert home equity into loan proceeds. New York State law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage (HECM). Holbrook residents can access local lenders and counselors who understand Suffolk County property values and regulations.
What Does a Reverse Mortgage Specialist in Holbrook Cost?
In New York, reverse mortgage costs include an origination fee capped at 2 percent of the first 200,000 dollars of home value plus 1 percent of the amount above that. FHA upfront mortgage insurance premium is 2 percent of the appraised value. Appraisal fees in Suffolk County typically range from 400 to 700 dollars. Closing costs such as title insurance and recording fees add 1,000 to 3,000 dollars. Total costs often range from 5,000 to 12,000 dollars. 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 eligibility requirements for a reverse mortgage in Holbrook 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 meet FHA standards. New York State also requires a mandatory counseling session with a HUD-approved counselor.
How does New York State law affect reverse mortgage terms in Holbrook?
New York General Obligations Law Section 5-601 requires a three-day right of rescission after loan closing. Lenders must also provide a disclosure statement explaining costs and terms. Holbrook homeowners must also pay New York State mortgage recording taxes on the loan amount.
What costs are associated with a reverse mortgage in Holbrook?
Typical costs include an origination fee up to 2 percent of the home value, FHA mortgage insurance premiums, appraisal fees, and closing costs. In New York, recording taxes and title insurance add to the total. Costs generally range from 2,000 to 8,000 dollars depending on home value and loan type.
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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.