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Find Reverse Mortgage Specialists Near You in Coatesville, PA
Browse reverse mortgage specialists serving Coatesville, Pennsylvania. Contact information and addresses listed below.
2 agents listed
Updated May 2026
Coatesville, 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 Coatesville, 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.
Advantage Mortgage Group
140 Cedar Knoll Rd, Coatesville, PA 19320
6103803100
Chester County Mortgage Company | Christine D Burnett
1935 Strasburg Rd, Coatesville, PA 19320
4846789202
A reverse mortgage specialist in Coatesville, Pennsylvania helps homeowners aged 62 and older convert part of their home equity into loan proceeds. Pennsylvania law requires borrowers to complete HUD-approved counseling before obtaining a federally insured Home Equity Conversion Mortgage (HECM). Local specialists guide clients through the application process and explain how the loan affects property taxes and estate planning.
What Does a Reverse Mortgage Specialist in Coatesville Cost?
Typical costs for a reverse mortgage specialist in Pennsylvania include an origination fee of up to $6,000, a mortgage insurance premium of 2% of the home value, and third-party closing costs such as appraisal and title fees. Total upfront costs often range from $10,000 to $15,000. These costs are usually financed into the loan rather than paid out of pocket. 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 eligibility requirements for a reverse mortgage in Coatesville?
Borrowers must be at least 62 years old, own their home outright or have a low mortgage balance, and live in the property as their primary residence. The home must be a single-family home, a 2-4 unit property, or a HUD-approved condominium. Pennsylvania law does not impose additional age or income requirements beyond federal HECM rules.
Do I need to attend counseling before getting a reverse mortgage in Pennsylvania?
Yes, Pennsylvania law requires all borrowers to complete a counseling session with a HUD-approved counselor before applying for a reverse mortgage. The session covers loan terms, costs, and alternatives. This requirement applies to all HECM loans in the state.
Can I lose my home with a reverse mortgage in Coatesville?
You can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. The loan becomes due if you move out of the home for more than 12 consecutive months or sell the property. Pennsylvania law does not provide additional protections beyond federal HECM foreclosure rules.
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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.