Reverse Mortgages for Co-ops
Attention New York seniors! If you’re a co-op apartment owner age 62 or above, you can now tap into your shareholder equity with a Co-op Reverse Mortgage. This unique loan allows senior co-op owners to receive tax-free funds, providing financial flexibility and peace of mind.
62 years of age or older
Must be your primary residence
Financial qualifications must be met
Get approved from co-op board
Counseling with a reverse mortgage counselor