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Find Reverse Mortgage Specialists Near You in Melville, NY
Directory of reverse mortgage specialists in Melville, New York. Verify credentials with the state mortgage licensing authority before hiring.
19 agents listed
Updated May 2026
Melville, 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 19 reverse mortgage specialists in Melville, 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.
Nationwide Mortgage Bankers
1305 Walt Whitman Rd #100, Melville, NY 11747
8337008884
Reliant Home Funding, Inc
445 Broadhollow Rd Suite 334, Melville, NY 11747
8779376787
US Mortgage Corporation
201 Old Country Rd Suite 140, Melville, NY 11747
6315802600
Interstate Home Loan Center, Inc
40 Marcus Dr Suite 250, Melville, NY 11747
8886241414
Marc Marrazzo- Reliant Home Funding Inc.
445 Broadhollow Rd Suite 334, Melville, NY 11747
5163227353
Bruce Biersack - Contour Mortgage
35 Pinelawn Rd, Melville, NY 11747
5162449472
Eric Braun - Interstate Home Loan Center, Inc.
40 Marcus Dr Suite 250, Melville, NY 11747
5162654244
East Coast Capital
2 Corporate Center Dr Suite 110, Melville, NY 11747
8777817788
Anthony Fragala - Nationwide Mortgage Bankers
3 Huntington Quadrangle Suite 403N, Melville, NY 11747
6312195474
Embrace Home Loans - Melville, NY
425 Broadhollow Rd #400, Melville, NY 11747
5165701091
Daghan Hart | Mortgage Loan Originator | Interstate Home Loans Center
40 Marcus Dr Suite 250, Melville, NY 11747
6316492989
Justin Schiatta at CrossCountry Mortgage
35 Pinelawn Rd Suite 212, Melville, NY 11747
6318798399
Riverhead Financial Partners
58 S Service Rd, Melville, NY 11747
8006552151
Contour Mortgage - Melville
35 Pinelawn Rd # 109E, Melville, NY 11747
5162971400
Allied Home Capital, LTD
25 Melville Park Rd Suite 111, Melville, NY 11747
6315337588
Regina Cristodero
324 S Service Rd Suite 100, Melville, NY 11747
6319263293
John Trama
324 S Service Rd Suite 100, Melville, NY 11747
6317603261
Damon Laylock at CrossCountry Mortgage
35 Pinelawn Rd Suite 212, Melville, NY 11747
5164693348
Tim Kennedy Certified Reverse Mortgage Professional
201 Old Country Rd, Melville, NY 11747
5167296040
A reverse mortgage specialist in Melville, New York can help homeowners aged 62 and older convert home equity into loan proceeds. In New York, these loans are regulated by the New York State Department of Financial Services, which requires mandatory counseling from a HUD-approved agency. A local specialist understands Long Island property values and can explain how New York law affects loan terms and repayment.
What Does a Reverse Mortgage Specialist in Melville Cost?
Typical costs for a reverse mortgage specialist in New York include an origination fee of up to 2 percent of the loan amount, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees for appraisal, title search, and recording. For a home valued at $500,000, total closing costs often range from $8,000 to $15,000. 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 qualifications does a reverse mortgage specialist need in New York?
In New York, a reverse mortgage specialist must hold a valid mortgage loan originator license issued by the New York State Department of Financial Services. They must also complete annual continuing education on reverse mortgage rules and federal HUD requirements.
How does New York law affect reverse mortgage proceeds?
New York law does not tax reverse mortgage proceeds as income. However, the loan must still be repaid when the borrower moves out, sells the home, or passes away. New York also requires that borrowers receive counseling from a HUD-approved agency before the loan can close.
Are there any time limits for reverse mortgage counseling in New York?
Yes, New York requires that the mandatory HUD-approved counseling session be completed within 30 days before the loan closing. The lender cannot proceed with the application until the borrower provides a certificate of completion from the counselor.
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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.