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 4 reverse mortgage specialists in Kingston, 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.
OneMain Financial
13 Narrows Shopping Center, Kingston, PA 18704
(570) 283-0680
onemainfinancial.com
What Does a Reverse Mortgage Specialist in Kingston Cost?
Typical costs for a reverse mortgage specialist in Pennsylvania include an origination fee of up to 2 percent of the home value (capped at $6,000), a mortgage insurance premium of 2 percent of the appraised value, and third-party fees for appraisal, title search, and recording. Total closing costs often range from $2,500 to $8,000 depending on the property value and lender. 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 and property requirements for a reverse mortgage in Kingston Pennsylvania?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The property must be a primary residence, such as a single-family home, FHA-approved condo, or manufactured home that meets HUD standards.
Do I need to attend counseling for a reverse mortgage in Pennsylvania?
Yes, Pennsylvania law requires all borrowers to complete a HUD-approved counseling session before applying for a reverse mortgage. The session covers loan terms, costs, and alternatives, and must be done with a counselor not affiliated with the lender.
What happens to the reverse mortgage when I move out or sell my home in Kingston?
The loan becomes due when you permanently move out, sell the home, or pass away. You or your heirs have up to 12 months to repay the loan, usually by selling the property. If the sale price is less than the loan balance, FHA insurance covers the difference.