State Employees Federal Credit Union’s Reverse Mortgage is a type of special loan which allows the senior homeowners to take advantage of the home equity to get tax-free money. With the money, you can increase the cash flow or improve the retirement lifestyle.
As a government-sponsored program, the loan will help the seniors receive a single cash payment, monthly income without giving up the title to the home or make monthly repayments. Plus, the seniors can still live in the home.
The credit union also offers other personal lending products including Auto Loans, Boat loans, RV Loans, Sportscraft loans, Home Equity Loans, Secured Loans, Student Loans, Line of Credit, Home Equity Line of Credit and other personal loans.
Founded in 1934, State Employees Federal Credit Union is a local financial institution with more than $1.7 million in assets and over 169,000 members now.
Back to List of Banks and Credit Unions offering reverse mortgages in NY.
621 Columbia Street Ext., Cohoes, New York 12047
700 Patroon Creek Blvd., Albany, NY 12206
110 State Street, Albany, NY 12207
99 Washington Avenue, Albany, NY 12210
Empire State Plaza, Albany, NY 12223
388 Clinton Avenue, Albany, NY 12206
200 S. Pearl Street, Albany Housing Authority Building, Albany, NY 12202
16 New Scotland Ave, Albany, NY 12208
120 Troy Rd., Rt. 4, East Greenbush, NY 12061
655 Patroon Creek Blvd., Albany, NY 12206
384 Route 9W, Glenmont, NY 12077
1400 Washington Avenue, Albany, NY 12222