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Find Reverse Mortgage Specialists in Scarsdale, NY
Browse reverse mortgage specialists serving Scarsdale, New York. Contact information and addresses listed below.
3 agents listed
Updated May 2026
Scarsdale, 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 Scarsdale, 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.
Cityscape Mortgage Corp.
700 White Plains Rd #334, Scarsdale, NY 10583
9149662489
Faze One Funding, LLC NMLS# 85748
10 Rutland Rd, Scarsdale, NY 10583
9147727330
Michael Berry - Chase Home Lending Advisor - NMLS ID 901645
8 East Pkwy, Scarsdale, NY 10583
6467215837
A reverse mortgage specialist in Scarsdale, New York can help homeowners aged 62 and older convert home equity into cash. New York State requires that all reverse mortgage borrowers receive independent counseling from a HUD-approved agency before closing. This service is especially relevant for Scarsdale residents who want to supplement retirement income while staying in their homes.
What Does a Reverse Mortgage Specialist in Scarsdale 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 and title services. Total closing costs often range from 2,000 to 6,000 dollars. 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 should a reverse mortgage specialist in Scarsdale have?
A specialist should be licensed in New York and have experience with Home Equity Conversion Mortgages (HECMs). They must follow New York State regulations, including the requirement for mandatory counseling and a three-day right of rescission after closing.
How does New York law protect reverse mortgage borrowers?
New York law requires lenders to provide clear disclosures and prohibits certain predatory practices. Borrowers have a three-day right to cancel after signing loan documents. The state also mandates that loan proceeds be used only for specific purposes, such as home repairs or living expenses.
What are the eligibility requirements for a reverse mortgage in Scarsdale?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The property must be a primary residence, and the homeowner must complete HUD-approved counseling. New York law also requires that the home meet certain property standards.
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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.