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Reverse Mortgage Specialists in Chester Springs, PA
Looking for a reverse mortgage specialist in Chester Springs? Review the directory below to compare your options.
2 agents listed
Updated May 2026
Chester Springs, PA
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the Pennsylvania before hiring.
Showing 2 reverse mortgage specialists in Chester Springs, PA
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Kumar Sista, Loan Officer
125 Maggie Ln, Chester Springs, PA 19425
6106180618
1st Trust Financial LLC
607 French Creek Ln, Chester Springs, PA 19425
6102803335
A reverse mortgage specialist in Chester Springs Pennsylvania helps older homeowners access home equity without monthly payments. Pennsylvania law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage. Specialists guide clients through the process including loan terms and property tax obligations specific to Chester County.
What Does a Reverse Mortgage Specialist in Chester Springs Cost?
Typical costs for a reverse mortgage specialist in Pennsylvania include an origination fee up to 2 percent of the home value capped at 6000 dollars. Third-party costs like appraisal title insurance and recording fees range from 2000 to 5000 dollars. HUD counseling fees are usually 125 to 150 dollars. These costs can be financed into the loan. This is general information not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What are the age requirements for a reverse mortgage in Chester Springs?
Borrowers must be at least 62 years old to qualify for a reverse mortgage in Pennsylvania. All homeowners on the title must meet this age requirement. The home must be the primary residence.
Are reverse mortgage proceeds taxable in Pennsylvania?
Reverse mortgage proceeds are not considered income for federal or Pennsylvania state tax purposes. They are loan advances and are tax-free. However interest is not deductible until the loan is repaid.
What happens to the reverse mortgage when the borrower moves or passes away?
The loan becomes due when the last borrower permanently leaves the home or passes away. Heirs have 30 days to decide whether to pay off the loan or sell the property. Pennsylvania law allows a 6-month extension in some cases.
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the Pennsylvania.