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Find Reverse Mortgage Specialists Near You in Saugerties, NY
Browse reverse mortgage specialists serving Saugerties, New York. Contact information and addresses listed below.
3 agents listed
Updated May 2026
Saugerties, 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 3 reverse mortgage specialists in Saugerties, 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.
Mid-Hudson Valley Federal Credit Union
3180 US-9W, Saugerties, NY 12477
8453364444
Ulster Savings Bank
3047 US-9W, Saugerties, NY 12477
8452460124
Sawyer Savings Bank
87 Market St, Saugerties, NY 12477
8887721871
A reverse mortgage specialist in Saugerties New York helps homeowners aged 62 and older convert home equity into cash. New York law requires borrowers to complete a counseling session with a HUD-approved counselor before applying. Saugerties residents can use these funds for home repairs, medical expenses, or daily living costs while staying in their homes.
What Does a Reverse Mortgage Specialist in Saugerties Cost?
Typical costs for a reverse mortgage 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 and recording which range from 500 to 2000 dollars. Annual mortgage insurance premiums are 0.5 percent of the loan balance. Costs vary by situation and lender. 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 Saugerties New York?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The home must be your primary residence. New York law also requires you to attend a counseling session with a HUD-approved counselor before you can apply.
How does New York law protect reverse mortgage borrowers?
New York General Business Law Section 6-1601 requires lenders to provide clear disclosures and a three-day right of rescission. Borrowers also have protections against foreclosure for non-borrowing spouses under certain conditions.
What types of reverse mortgages are available in Saugerties?
The most common option is the Home Equity Conversion Mortgage or HECM which is insured by the Federal Housing Administration. Some private lenders also offer proprietary reverse mortgages for higher-value homes. A specialist can explain which option fits your situation.
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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.