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 14 reverse mortgage specialists in Mechanicsburg, 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.
A Plus Mortgage Solutions
3 Sunset Cir, Mechanicsburg, PA 17050
(717) 796-0665
aplusmortgagesolutions.com
Leanne Via - Fairway Home Mortgage
1150 Lancaster Blvd Ste 201, Mechanicsburg, PA 17055
(717) 516-5365
teamviamortgages.com
Fairway Independent Mortgage Corporation
1150 Lancaster Blvd Ste 201, Mechanicsburg, PA 17055
(717) 591-3278
fairwayindependentmc.com
Guild Mortgage - Julie Burner
4999 Louise Dr # 204, Mechanicsburg, PA 17055
(717) 579-9382
branches.guildmortgage.com
Guild Mortgage - Joe Luisi
4999 Louise Dr # 204, Mechanicsburg, PA 17055
(717) 329-5187
branches.guildmortgage.com
John Anthony | Fairway Home Mortgage Branch Manager
1150 Lancaster Blvd Ste 201, Mechanicsburg, PA 17055
(717) 591-3278
johnanthonyloans.com
Guild Mortgage - Amy Czyzyk
4999 Louise Dr # 204, Mechanicsburg, PA 17055
(717) 547-8133
branches.guildmortgage.com
ProActiva Mortgage Network Inc
5012 Lenker St Ste. 101, Mechanicsburg, PA 17050
(855) 490-4545
proactivamortgage.com
Guild Mortgage - Nancy Patt
4999 Louise Dr # 204, Mechanicsburg, PA 17055
(717) 547-8131
branches.guildmortgage.com
Guild Mortgage Company
4999 Louise Dr # 204, Mechanicsburg, PA 17055
(717) 547-8120
branches.guildmortgage.com
Guild Mortgage - Mike Rineer
4999 Louise Dr # 204, Mechanicsburg, PA 17055
(717) 547-8122
branches.guildmortgage.com
Guild Mortgage - Jim Rineer
4999 Louise Dr # 204, Mechanicsburg, PA 17055
(717) 547-8121
branches.guildmortgage.com
Nathan McWilliams | Fairway Independent Mortgage Corporation Loan Officer
1150 Lancaster Blvd Ste 201, Mechanicsburg, PA 17055
(717) 503-6411
homeloansbynate.com
Guardian Angel Mortgage Services
4819 E Trindle Rd, Mechanicsburg, PA 17050
(717) 612-1884
guardianangelmortgage.com
What Does a Reverse Mortgage Specialist in Mechanicsburg Cost?
Typical costs for a reverse mortgage in Pennsylvania include an origination fee up to 2 percent of the home value capped at 6000 dollars a mortgage insurance premium of 2 percent of the appraised value plus annual premiums of 0.5 percent and third-party fees for appraisal title and recording ranging from 1500 to 4000 dollars. Total closing costs in Mechanicsburg generally fall between 8000 and 15000 dollars depending on home 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 eligibility requirements for a reverse mortgage in Mechanicsburg Pennsylvania?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The property must be the primary residence and meet HUD property standards. Pennsylvania law does not impose additional age or income requirements beyond federal HECM rules.
How does Pennsylvania law affect reverse mortgage proceeds?
Pennsylvania exempts reverse mortgage proceeds from state income tax and they do not affect Social Security or Medicare benefits. However proceeds may impact Medicaid eligibility if not spent within the same calendar month. Borrowers should consult a benefits specialist for guidance.
What happens if I move out of my Mechanicsburg home after taking a reverse mortgage?
If you move out for more than 12 consecutive months the loan becomes due and payable. Common triggers include selling the home moving to a care facility or passing away. Pennsylvania law allows a 6-month extension for heirs to repay the loan or sell the property.