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Find Reverse Mortgage Specialists Near You in Miller Place, NY
Browse reverse mortgage specialists serving Miller Place, New York. Contact information and addresses listed below.
2 agents listed
Updated May 2026
Miller Place, 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 Miller Place, 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.
Echo Funding LLC
565 NY-25A Suite: #203, Miller Place, NY 11764
6316427570
Reverse Mortgage Information Center
6 Panther Path, Miller Place, NY 11764
5163206719
A reverse mortgage specialist in Miller Place, New York helps homeowners aged 62 and older access home equity without monthly payments. New York state requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage (HECM). Local specialists guide Miller Place residents through the process, including property eligibility and New York-specific disclosure rules.
What Does a Reverse Mortgage Specialist in Miller Place Cost?
Typical costs for a reverse mortgage specialist in New York 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, title search, and recording. For a $400,000 home, total closing costs often range from $8,000 to $15,000. Annual servicing fees may apply. 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 Miller Place New York?
Borrowers must be at least 62 years old and own a primary residence. The home must be a single-family property, a 2-4 unit building, or an approved condominium. New York law also requires a mandatory counseling session with a HUD-approved agency.
How does New York law affect reverse mortgage terms in Miller Place?
New York General Obligations Law Section 5-501 sets specific disclosure requirements for reverse mortgages. Lenders must provide a detailed cost estimate and a right of rescission period of three business days. The state also limits origination fees to 2 percent of the home value for HECM loans.
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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.