Compare Reverse Mortgage Specialists in Philadelphia, PA
Looking for a reverse mortgage specialist in Philadelphia? Review the directory below to compare your options.
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 20 reverse mortgage specialists in Philadelphia, 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.
What Does a Reverse Mortgage Specialist in Philadelphia Cost?
Typical costs for a reverse mortgage specialist in Pennsylvania include an origination fee of up to 2 percent of the home value or a maximum of 6000 dollars. Other costs include appraisal fees around 400 to 800 dollars, closing costs of 1000 to 3000 dollars, and mortgage insurance premiums of 2 percent of the loan amount. Costs vary by case 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 is a reverse mortgage specialist in Philadelphia?
A reverse mortgage specialist is a professional who guides Philadelphia homeowners through the process of getting a reverse mortgage. They explain loan terms, costs, and eligibility rules specific to Pennsylvania.
Do I need counseling for a reverse mortgage in Pennsylvania?
Yes Pennsylvania law requires all borrowers to complete a counseling session with a HUD-approved counselor before applying. This session helps you understand the loan and its impact on your home equity.
What are the age requirements for a reverse mortgage in Philadelphia?
You must be at least 62 years old to qualify for a reverse mortgage in Philadelphia. If you are married and your spouse is under 62 they may have limited rights under the loan terms.