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 5 reverse mortgage specialists in Pottstown, 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.
Nexa Mortgage- PA Branch- David Steckel
600 Creekside Dr #615, Pottstown, PA 19464
(267) 834-5356
surgema.com
Main Line Mortgage Company
1392 Temple Rd, Pottstown, PA 19465
(484) 557-4315
aimeethelendingpro.com
What Does a Reverse Mortgage Specialist in Pottstown Cost?
Typical costs for a reverse mortgage in Pennsylvania include an origination fee up to $6,000, a mortgage insurance premium of 2% of the home value, and third-party fees for appraisal, title search, and recording. Closing costs generally range from $2,000 to $5,000. These costs can be financed into the loan. 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 Pottstown?
A reverse mortgage specialist is a licensed professional who guides homeowners through the process of obtaining a Home Equity Conversion Mortgage (HECM) insured by the Federal Housing Administration. They explain eligibility, loan terms, and repayment rules specific to Pennsylvania.
What are the eligibility requirements in Pennsylvania?
Borrowers must be at least 62 years old, own their home outright or have a low mortgage balance, and live in the home as their primary residence. Pennsylvania law also requires a financial assessment and a mandatory counseling session with a HUD-approved counselor.