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Find Reverse Mortgage Specialists Near You in Ithaca, NY
Looking for a reverse mortgage specialist in Ithaca? Review the directory below to compare your options.
18 agents listed
Updated May 2026
Ithaca, 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 18 reverse mortgage specialists in Ithaca, 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.
Alternatives Federal Credit Union
125 N Fulton St, Ithaca, NY 14850
6072734611
Homestead Funding Corp: Kevin Walsh | NMLS# 1080645
200 Pleasant Grove Rd, Ithaca, NY 14850
3157511989
First Priority Mortgage Inc
2333 N Triphammer Rd #101, Ithaca, NY 14850
6072576767
Brendan Burns, Movement Mortgage
528 W Green St, Ithaca, NY 14850
6077685222
Beginnings Credit Union - Mortgage Office
1050 Craft Rd, Ithaca, NY 14850
6072578500
Tompkins Financial Advisors
118 E Seneca St, Ithaca, NY 14850
6072730037
Fingerlakes Wealth Management, Inc.
450 N Aurora St, Ithaca, NY 14850
6072571008
Susan Campbell
528 W Green St, Ithaca, NY 14850
6077438931
Wells Fargo Advisors
2430 N Triphammer Rd, Ithaca, NY 14850
6072668200
Ryan Wuerthner - M&T Bank
118 N Tioga St, Ithaca, NY 14850
6072378884
Edward Jones - Financial Advisor: Jess W Esposito
414 E Upland Rd Suite B, Ithaca, NY 14850
6072570320
Movement Mortgage
528 W Green St, Ithaca, NY 14850
8773141499
The Lenroc Team - Morgan Stanley
130 E Seneca St Suite 500, Ithaca, NY 14850
6072748532
Kevin Cartmill
528 W Green St, Ithaca, NY 14850
6072296078
Jason Vollers, Movement Mortgage
528 W Green St, Ithaca, NY 14850
6073270181
Mortgage Buy Buy
727 W Court St, Ithaca, NY 14850
6073980001
Edward Jones - Financial Advisor: Celine Oh, CFP®|AAMS®
2255 N Triphammer Rd Suite 7, Ithaca, NY 14850
6072668888
Morgan Stanley Financial Advisors
130 E Seneca St Suite 500, Ithaca, NY 14850
6072731190
A reverse mortgage specialist in Ithaca, New York helps homeowners aged 62 and older convert home equity into cash without monthly payments. New York state law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage (HECM). Local specialists can guide you through the process and explain how a reverse mortgage affects your property taxes and estate in Tompkins County.
What Does a Reverse Mortgage Specialist in Ithaca Cost?
In New York, reverse mortgage costs typically 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 for appraisal and title search. Total closing costs often range from 5,000 to 8,000 dollars for a 300,000 dollar home. 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 Ithaca New York?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The home must be your primary residence. New York state also requires you to attend a counseling session with a HUD-approved counselor before applying.
How does a reverse mortgage affect my heirs in New York?
Heirs can keep the home by paying off the loan balance or selling the property. If the sale does not cover the loan, New York is a non-recourse state, meaning heirs are not responsible for the difference. The lender recovers the shortfall from the Federal Housing Administration.
Are reverse mortgage proceeds taxable in New York?
Reverse mortgage proceeds are not considered income and are not subject to New York state income tax. However, they may affect eligibility for need-based programs like Medicaid. Consult a tax professional for your specific situation.
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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.