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Directory of reverse mortgage specialists in Monroe, New York. Verify credentials with the state mortgage licensing authority before hiring.
9 agents listed
Updated May 2026
Monroe, 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 9 reverse mortgage specialists in Monroe, 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.
The Mint Capital Inc
24 Gilbert St Ext, Monroe, NY 10950
8454198000
Fishel Freund - Your GPS from Renter to Homeowner
600 NY-208, Monroe, NY 10950
8458180750
Capital M
48 Bakertown Rd Ste 303, Monroe, NY 10950
8457812400
CapGuide Funding
1 Vayoel Moshe Ct UNIT 201, Monroe, NY 10950
8458838188
Ark Mortgage Inc
412 N Main St Suite 201, Monroe, NY 10950
8455033500
Capsol, Inc.
491 NY-208 Suite 407, Monroe, NY 10950
8454562000
Joel Spitzer
24 Gilbert St Ext, Monroe, NY 10950
8456625491
Chase Mortgage
475 NY-17M, Monroe, NY 10950
9736703566
Chase Mortgage
845 NY-17M #10, Monroe, NY 10950
8457828151
What Does a Reverse Mortgage Specialist in Monroe Cost?
In New York, reverse mortgage costs include a HUD mortgage insurance premium of 2 percent of the home value upfront plus 0.5 percent annually. Origination fees are capped at 2 percent of the first 200,000 dollars of home value plus 1 percent of the amount above that. Appraisal fees in Monroe typically range from 450 to 700 dollars. Other costs may include title insurance, recording fees, and counseling fees of about 125 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 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 from the New York State Department of Financial Services. They must also complete annual continuing education on reverse mortgage rules and federal HECM guidelines.
Are there New York-specific rules for reverse mortgages?
Yes, New York requires a mandatory three-day right of rescission after closing. Borrowers must also attend HUD-approved counseling and cannot be charged prepayment penalties on HECM loans. The state caps origination fees at 2 percent of the home value up to 200,000 dollars plus 1 percent above that.
What costs are involved in a reverse mortgage in Monroe New York?
Typical costs include an origination fee, mortgage insurance premium, appraisal fee, and closing costs. In New York, the origination fee is capped by law, and total upfront costs usually range from 2,000 to 6,000 dollars. Costs vary based 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.