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New York Reverse Mortgage Lenders

New York is home to a lot of house rich cash poor seniors. The high property values makes New York residents prime candidates to consider reverse mortgages. Reverse mortgage loans should only be used as a last resort. Keep in mind that borrowers still must pay the annual property taxes along with insurance and HOA if applicable. The property must still be maintained. The new reverse mortgage loans can be used for any purpose by the borrower. Consider downsizing into a smaller home, using the proceeds as funds for necessary expenses while keeping aside enough for housing. Westchester, Nassau, Kings and New York Counties are some of the more popular counties for the HECM loans while Buffalo, Rochester, Yonkers, Albany and White Plains also rank among the top cities in the state.

Important Reverse Mortgage Requirements

Homestead Funding Corp.
NRMLA #18089
FirstBank Mortgage Partners
NRMLA #18602
Visions Federal Credit Union
NRMLA #5396
All Island Mortgage & Funding Corp.
NRMLA #4702
Urban Financial of America (UFA)
NRMLA #3858
Advisors Mortgage Group, LLC
(800) 657-1080
NRMLA #18083
Arlington Financial Corporation
NRMLA #17735
Agency for Consumer Equity Mortgages, Inc.
NRMLA #2597
Home Equity Conversion Corp. dba HomeChex
NRMLA #1160
Ulster Savings Bank
866-440-0391 x3624
NRMLA #4830