ADVERTISING DISCLOSURE: BeforeMortgageUSA.com is an informational directory, not an mortgage company or broker. We do not sell insurance or provide mortgage or financial advice. No broker-client relationship is created by using this site. No broker listed on this site has paid for, authorized, or approved their listing. This is an advertisement.
Compare reverse mortgage specialists in Mamaroneck. Review contact information and insurance categorys before you decide.
2 agents listed
Updated May 2026
Mamaroneck, 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 Mamaroneck, 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.
Equity Now Inc.
174 E Boston Post Rd, Mamaroneck, NY 10543
2126648900
new york association of mortgage brokers
501 E Boston Post Rd, Mamaroneck, NY 10543
9143156644
A reverse mortgage specialist in Mamaroneck, New York helps homeowners aged 62 and older access home equity without monthly payments. In New York, borrowers must complete a counseling session with a HUD-approved counselor before applying. Mamaroneck residents often use these loans to supplement retirement income or cover home improvements while remaining in their homes.
What Does a Reverse Mortgage Specialist in Mamaroneck 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 mortgage insurance premiums are 2 percent of the appraised value upfront plus 0.5 percent annually. Appraisal and closing costs in Mamaroneck typically add 500 to 1,500 dollars. Total upfront costs for a 500,000 dollar home may be around 10,000 to 15,000 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 Mamaroneck?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The home must be the primary residence and meet FHA property standards. New York law requires a mandatory counseling session before the loan application.
How does New York state law affect reverse mortgages?
New York requires that borrowers receive a disclosure statement explaining loan terms and costs. The state also mandates a 30-day right of rescission after closing, allowing borrowers to cancel the loan without penalty. Lenders must follow strict advertising rules to prevent misleading claims.
What costs are associated with a reverse mortgage in Mamaroneck?
Costs include an origination fee up to 2 percent of the home value, mortgage insurance premiums, appraisal fees, and closing costs. For a typical home in Mamaroneck, total upfront costs may range from 3,000 to 8,000 dollars. These costs are usually financed into the loan.
Free • No Obligation
Compare Reverse Mortgage Specialists
Get matched with agents in Mamaroneck who handle your type of case.
Affiliate Form Embed
Replace with iframe/embed code from your affiliate network
Affiliate Disclosure
The form above is provided by a third-party legal marketing service. BeforeMortgageUSA.com receives compensation when you submit a qualified inquiry. This is a free service with no obligation to hire any broker. Your information is collected and handled by the form provider according to their privacy policy.
Legal Notice
BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
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.