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Reverse Mortgage Specialists in Springfield Township, PA
Browse reverse mortgage specialists serving Springfield Township, Pennsylvania. Contact information and addresses listed below.
2 agents listed
Updated May 2026
Springfield Township, PA
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 Pennsylvania before hiring.
Showing 2 reverse mortgage specialists in Springfield Township, 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
1489 Baltimore Pike Ste 101, Springfield Township, PA 19064
4844706181
Concord Mortgage Brokers, LLC
682 Vernon Rd, Springfield Township, PA 19064
4849880186
Reverse mortgage specialists in Springfield Township Pennsylvania help older homeowners access home equity without monthly payments. Pennsylvania law requires borrowers to complete HUD-approved counseling before applying for a Home Equity Conversion Mortgage. Specialists can explain how local property taxes and insurance requirements affect the loan.
What Does a Reverse Mortgage Specialist in Springfield Township Cost?
Typical costs for a reverse mortgage in Pennsylvania include an origination fee up to 2 percent of the home value a mortgage insurance premium of 2 percent of the appraised value and third party fees for appraisal title and recording. Total closing costs often range from 3000 to 8000 depending on the home value and loan type. 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 home equity requirements for a reverse mortgage in Springfield Township?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The home must be the primary residence and meet FHA property standards. Pennsylvania law does not add extra age requirements beyond federal rules.
How does Pennsylvania law affect reverse mortgage proceeds and taxes?
Reverse mortgage proceeds are not considered taxable income in Pennsylvania. However the loan must still be repaid when the homeowner moves sells or passes away. Pennsylvania does not have a state estate tax that applies to reverse mortgage balances.
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the Pennsylvania.