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Compare Reverse Mortgage Specialists in Downingtown, PA
Directory of reverse mortgage specialists in Downingtown, Pennsylvania. Verify credentials with the state mortgage licensing authority before hiring.
4 agents listed
Updated May 2026
Downingtown, 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 4 reverse mortgage specialists in Downingtown, 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.
Steve Bernstein, Mortgage Loan Officer Empowered by NEXA Mortgage
423 Bianca Cir, Downingtown, PA 19335
6104208627
AAA Mortgage Solutions LLC
9 Dominic Dr, Downingtown, PA 19335
6106189721
The Reverse Mortgage Team - Powered by WSFS Mortgage - FHA HECMs (Reverse Mortgages) in 50 states
220 E Reeceville Rd #1124, Downingtown, PA 19335
4849942826
Jon Berger - Reverse Mortgage Specialist
983 E Lancaster Ave, Downingtown, PA 19335
6106057647
A reverse mortgage specialist in Downingtown Pennsylvania helps seniors aged 62 and older convert home equity into loan proceeds. Pennsylvania law requires borrowers to complete a counseling session with a HUD-approved counselor before obtaining a Home Equity Conversion Mortgage. Downingtown residents can use these funds for home repairs healthcare costs or supplementing retirement income.
What Does a Reverse Mortgage Specialist in Downingtown 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 fees such as appraisal title search and recording fees range from 1000 to 3000 dollars. HUD requires an upfront mortgage insurance premium of 2 percent of the home value. Annual mortgage insurance premiums are 0.5 percent of the loan balance. Costs vary by situation. 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 Downingtown Pennsylvania?
Borrowers must be at least 62 years old. All homeowners listed on the title must meet this age requirement. Pennsylvania does not have additional state-specific age rules beyond federal HUD guidelines.
Do I need to own my home free and clear to qualify for a reverse mortgage in Downingtown?
No you do not need to own your home free and clear. You must have significant equity in the property. The existing mortgage will be paid off with the reverse mortgage proceeds.
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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.