Find Reverse Mortgage Specialists in Wexford, PA
Compare reverse mortgage specialists in Wexford. Review contact information and insurance categorys before you decide.
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 6 reverse mortgage specialists in Wexford, 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.
A reverse mortgage specialist in Wexford Pennsylvania helps older homeowners access home equity without monthly payments. Pennsylvania law requires borrowers to complete HUD-approved counseling before applying. Wexford residents can use these loans for home repairs medical expenses or daily living costs.
What Does a Reverse Mortgage Specialist in Wexford Cost?
Typical costs for a reverse mortgage specialist in Pennsylvania include an origination fee of up to 2 percent of the loan amount and a mortgage insurance premium of 2 percent upfront. Third party costs such as appraisal title search and recording fees range from 1000 to 3000 dollars. Annual mortgage insurance is 0.5 percent of the loan balance. These 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 does a reverse mortgage specialist in Wexford do?
A reverse mortgage specialist in Wexford guides you through the loan process from counseling to closing. They explain eligibility requirements including the mandatory HUD counseling session. They also help you understand how the loan affects your home equity and estate.
Are there Pennsylvania specific rules for reverse mortgages?
Yes Pennsylvania requires all borrowers to attend a HUD approved counseling session before applying. The state also mandates a three day right of rescission after closing. Lenders must provide clear disclosures about fees and repayment terms.
How much can I borrow with a reverse mortgage in Wexford?
The amount you can borrow depends on your age the home value and current interest rates. In Pennsylvania the maximum claim amount for a HECM loan is 1.089 million dollars in 2024. A specialist can run a personalized estimate for your Wexford property.