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 8 reverse mortgage specialists in Wayne, 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.
Kuranda Financial Mortgage EST1996- STOREFRONT
617 W Lancaster Ave, Wayne, PA 19087
6109759940
Ian Stockman at CrossCountry Mortgage
37 West Ave Suite 201, Wayne, PA 19087
2677736565
Mutual of Omaha Mortgage
676 Swedesford Rd #140, Wayne, PA 19087
4104030672
Price Financial Services
126 W Lancaster Ave, Wayne, PA 19087
6109641200
Lennar Mortgage, LLC Philadelphia
1285 Drummers Ln Suite 100A, Wayne, PA 19087
2678573055
Ruth Falcone at CrossCountry Mortgage
353 W Lancaster Ave Suite 100, Wayne, PA 19087
4843516592
Finance of America Mortgage LLC
37 West Ave Suite 203, Wayne, PA 19087
2155910222
Phil Russo at CrossCountry Mortgage
353 W Lancaster Ave Suite 100, Wayne, PA 19087
4843244180
What Does a Reverse Mortgage Specialist in Wayne Cost?
Typical costs for a reverse mortgage in Pennsylvania include an origination fee of up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees such as appraisal, title search, and recording. These fees often total between 3000 and 8000 dollars. Costs vary by loan amount 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 age requirements for a reverse mortgage in Wayne Pennsylvania?
Borrowers must be at least 62 years old. If married and one spouse is under 62, the younger spouse may still be protected under certain HUD rules. The home must be the primary residence.
Do I need counseling before getting a reverse mortgage in Pennsylvania?
Yes. Pennsylvania law requires all borrowers to complete a counseling session with a HUD-approved counselor. This session explains loan terms, costs, and alternatives. The counselor must be independent of the lender.