SeniorHomes.net has partnered with leading New York reverse mortgage lenders who help senior homeowners unlock the equity in their home and allow them to stay in their homes while receiving either an upfront lump sum payment, monthly payment, line of credit or some combination of the previous options.
Reverse Mortgage Lenders in NY
Qualifying for a reverse mortgage are relatively simple when compared to a traditional mortgage.
Borrower must be 62 or older (if multiple borrowers, youngest borrowers must be least 62)
Property must be HUD approved (a single family home or a 2-4 unit home with the borrower living in one of the units, some most units)
Take a HUD approved counseling session about a home equity conversion mortgage, a type of reverse mortgage
Serving the Entire State of New York
NYC Reverse Mortgage
Manhattan Reverse Mortgage Lender
Bronx Reverse Mortgage Lenders
Brooklyn Reverse Mortgage Companies
Buffalo HECM Lenders
Reverse Mortgage Lenders in Rochester
Yonkers Reverse Mortgage Lenders
Syracuse HECM Lenders
HECM Brokers in Albany
Important Information: Reverse Mortgages/HECMs are neither "endorsed" nor "approved" by the Federal Government. The FHA provides certain insurance benefits for mortgage lenders and senior borrowers in connection with the lender’s HECM loans; the FHA does not make or originate loans. It is strongly advised that you consult with your family and / or trusted financial planner when considering any reverse mortgage loan.