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 7 reverse mortgage specialists in Scranton, 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.
Novus Home Mortgage: Nick Sosa
220 Penn Ave # 100, Scranton, PA 18503
(570) 520-9115
myloan.novushomemortgage.com
Angelo Ambrosecchia at Novus Home Mortgage
220 Penn Ave # 100, Scranton, PA 18503
(570) 468-7995
angeloateam.com
My City Lending: Jason Wiggins
220 Penn Ave # 100, Scranton, PA 18503
(570) 304-8374
mycity.mortgage
Angelo Ambrosecchia- Novus Home Mortgage
220 Penn Ave # 100, Scranton, PA 18503
(626) 367-0788
angeloateam.com
Invicta Mortgage Group, Inc.
230 Prospect Ave, Scranton, PA 18505
(570) 207-6334
invictamortgagegroup.com
What Does a Reverse Mortgage Specialist in Scranton Cost?
In Pennsylvania reverse mortgage costs include an origination fee up to 2 percent of the home value a mortgage insurance premium of 2 percent of the appraised value and ongoing annual premiums. Appraisal fees in Scranton range from 400 to 600 dollars. Closing costs such as title search and recording fees add 500 to 1500 dollars. 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 does a reverse mortgage specialist in Scranton do?
A reverse mortgage specialist in Scranton helps homeowners aged 62 or older understand and apply for a Home Equity Conversion Mortgage. They explain loan terms costs and the mandatory counseling required by Pennsylvania law. The specialist also coordinates with local appraisers and title companies.
Are reverse mortgages regulated differently in Pennsylvania?
Yes Pennsylvania has specific rules for reverse mortgages. Lenders must provide a detailed disclosure statement and borrowers have a three day right to cancel after signing. Pennsylvania also requires that the loan not exceed the appraised value of the home.