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Browse reverse mortgage specialists serving Westbury, New York. Contact information and addresses listed below.
8 agents listed
Updated May 2026
Westbury, 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 8 reverse mortgage specialists in Westbury, 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.
Meadowbrook Financial Mortgage Bankers Corp.
1600 Stewart Ave # 701, Westbury, NY 11590
8009598892
Mid-Island Mortgage Corp.
NMLS ID 1259 |, 900 Merchants Concourse Ste. #112, Westbury, NY 11590
8009645363
The Peres Team at Meadowbrook Financial Mortgage Bankers: Joe Peres, Mortgage Broker NMLS #3988
1600 Stewart Ave # 701, Westbury, NY 11590
6316995363
Lynx Mortgage Bank LLC
143 Post Ave, Westbury, NY 11590
8775995969
Malcolm Marcelle - Mortgage Loan Officer- Keys For Community Heroes
1600 Stewart Ave # 701, Westbury, NY 11590
6318174663
Financial Equities Mortgage Bankers
1025 Old Country Rd #120, Westbury, NY 11590
5168768500
Reliable Mortgage Consultants LLC
866 Brush Hollow Rd, Westbury, NY 11590
5165645757
Jet Direct Mortgage
1400 Old Country Rd Suite 101N, Westbury, NY 11590
5168712001
A reverse mortgage specialist in Westbury New York helps older homeowners access home equity without monthly payments. In New York, borrowers must complete a HUD-approved counseling session before applying. Local specialists guide clients through the specific requirements of New York law and the Long Island housing market.
What Does a Reverse Mortgage Specialist in Westbury Cost?
In New York, reverse mortgage costs include an origination fee of up to 6000 dollars, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees for appraisal, title search, and recording. Total closing costs typically range from 5000 to 15000 dollars. Annual servicing fees of 30 to 35 dollars per month may also 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 Westbury New York?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The property must be the primary residence and meet FHA standards. New York requires a mandatory counseling session with a HUD-approved counselor before the application.
How does New York law affect reverse mortgage proceeds?
New York does not tax reverse mortgage proceeds as income. The loan is non-recourse, meaning the borrower or their heirs will never owe more than the home is worth at sale. Heirs have 30 days after the loan becomes due to decide whether to pay off the loan or sell the home.
What costs are associated with a reverse mortgage in Westbury New York?
Typical costs include an origination fee up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and closing costs such as appraisal and title fees. In New York, these costs often total between 5000 and 15000 dollars depending on 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.