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 State Mortgage Licensing Authority of Pennsylvania before hiring.
Showing 3 reverse mortgage specialists in Collegeville, 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.
Assured Financial Services, Corporation
136 2nd Ave, Collegeville, PA 19426
(484) 808-2020
assuredfsc.com
Edward Jones - Financial Advisor: Justin H Bartolomucci, CFP®|CPWA®|CIMA®
400 Campus Dr STE 100, Collegeville, PA 19426
(610) 489-5554
edwardjones.com
Home | Front Mortgage - Collegeville
400 Arcola Rd, Collegeville, PA 19426
(215) 407-4483
homefrontloans.com
What Does a Reverse Mortgage Specialist in Collegeville Cost?
Typical costs for a reverse mortgage in Pennsylvania include an origination fee up to 2 percent of the homes value an upfront mortgage insurance premium of 2 percent of the appraised value and third party fees for appraisal title and recording. Total closing costs usually range from 3000 to 8000 depending on the property value and loan type. This is general information and 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 Collegeville Pennsylvania?
Borrowers must be at least 62 years old. All homeowners listed on the title must meet this age requirement. The home must be the borrowers primary residence.
Do I need counseling to get a reverse mortgage in Pennsylvania?
Yes Pennsylvania law requires all reverse mortgage applicants to complete counseling with a HUD approved counselor. This session educates you about loan terms costs and alternatives. You receive a certificate that must be submitted with your application.