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Compare Reverse Mortgage Specialists in Purchase, NY
Browse reverse mortgage specialists serving Purchase, New York. Contact information and addresses listed below.
7 agents listed
Updated May 2026
Purchase, 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 7 reverse mortgage specialists in Purchase, 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.
Peter Costakos at CrossCountry Mortgage
2900 Westchester Ave Suite 202, Purchase, NY 10577
9145828978
Michael Levine at CrossCountry Mortgage
2900 Westchester Ave Suite 202, Purchase, NY 10577
9143911183
Fernando J. DaCunha - The Mortgage Maverick - NMLS 408762
2900 Westchester Ave Suite 202, Purchase, NY 10577
9145841907
CrossCountry Mortgage, LLC
2900 Westchester Ave Suite 202, Purchase, NY 10577
9145828978
Michael Sieja at CrossCountry Mortgage
2900 Westchester Ave Suite 202, Purchase, NY 10577
8777731226
Christopher Tortorello at CrossCountry Mortgage
2900 Westchester Ave Suite 202, Purchase, NY 10577
9146392035
Michael Paris at CrossCountry Mortgage
2900 Westchester Ave Suite 202, Purchase, NY 10577
9147703162
A reverse mortgage specialist in Purchase New York can help homeowners aged 62 and older access home equity without monthly payments. New York law requires borrowers to receive counseling from a HUD-approved agency before applying for a Home Equity Conversion Mortgage. Purchase residents benefit from specialists familiar with Westchester County property values and local closing procedures.
What Does a Reverse Mortgage Specialist in Purchase Cost?
Typical costs for a reverse mortgage in New York include an origination fee of up to 2 percent of the home value capped at 6000 dollars. Closing costs such as appraisal title insurance and recording fees usually range from 2000 to 5000 dollars. Mortgage insurance premiums are 2 percent of the home value upfront plus 0.5 percent annually. Costs vary by property value and loan type. 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 the specialist must hold a valid mortgage loan originator license through the Department of Financial Services. They should also have experience with HECM loans and knowledge of New York property tax deferral programs.
How does New York law protect reverse mortgage borrowers in Purchase?
New York requires a three-day right of rescission after closing. Borrowers must also complete HUD-approved counseling. The state prohibits lenders from requiring the purchase of other financial products with the loan.
Can a reverse mortgage affect my heirs in Purchase New York?
Heirs can repay the loan by selling the home or refinancing. New York law gives heirs 30 days after the borrower dies to decide, with possible extensions. The loan is non-recourse so heirs are not liable for more than the home value.
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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.