Reverse Mortgages – banks and Credit Unions in New York

Capital Communications Federal Credit UnionReverse mortgage is a good financial tool especially for those seniors with significant home equity and little income. With the mortgage, seniors can still live in their home and get cash. Here are some good mortgage lenders in NY.

List of  Banks Offering Reverse Mortgages in NY

Founded in 1851, Ulster Savings Bank provides reverse mortgage lending service. If you are 62 or older, you are suggested to take these unique benefits of the special mortgage into your consideration. USB has offices in Gardiner, Kingston, New Paltz, Phoenicia, Saugerties, Stone Ridge, Woodstock, Poughkeepsie, Red Hook, Wappingers Falls, Windham, Riverhead, Goshen, White Plains and Shokan, NY.

Established in 1953, CAP COM Federal Credit Union has 11 branch offices, 248 employees and 93,000 members today. The credit union has offices in Albany, GUILDERLAND, COLONIE, Latham, GUILDERLAND, Schenectady, DELMAR, Niskayuna, Watervliet, Schenectady, Glenmont, Troy, NISKAYUNA, Cohoes, GREENBUSH, SCHENECTADY, Rensselaer, Cohoes, ROTTERDAM, Brunswick and EAST GREENBUSH, NY.

Founded in 1936, Nassau Financial Federal Credit Union offers flexible and convenient mortgage options such as Home Equity Loans, Reverse Mortgages and Line of Credit. NFFCU has branch offices in Oceanside, Garden City, East Meadow and Syosset, NY.

Founded in 1936, Corning Credit Union has 10 offices, 84,000 members and more than $1.5 in assets today. CCU is committed to offering the best and highest quality mortgage services in several states. CCU has branch offices in Corning, Big Flats, Elmira, Painted Post, Horseheads, Chambersburg, Charleroi and Greencastle, NY.

Scient Federal Credit UnionNew York, NY

Nassau Financial Federal Credit Union: Garden City, Syosset, East Meadow, Oceanside, Westbury, NY

 Saratoga’s Community Federal Credit Union: Queensbury, NY

State Employees Federal Credit Union: Cohoes, Albany, East Greenbush, Glenmont, NY

Stewart’s Federal Credit Union: Ballston Spa, NY

Other Lenders

Americana Mortgage Group(www.americanamortgage.com) provides unique financing solutions to meet the needs of homeowners and homebuyers in NY, CT and FL. There are different types of reverse mortgages designed to meet different needs. Americana Mortgage Group has branch offices in Manhasset and Southampton, NY.

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