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 2 reverse mortgage specialists in Chester Springs, 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.
Kumar Sista, Loan Officer
125 Maggie Ln, Chester Springs, PA 19425
(610) 618-0618
ensurehomeloans.com
1st Trust Financial LLC
607 French Creek Ln, Chester Springs, PA 19425
(610) 280-3335
1sttrustloans.com
What Does a Reverse Mortgage Specialist in Chester Springs Cost?
Typical costs for a reverse mortgage specialist in Pennsylvania include an origination fee up to 2 percent of the home value capped at 6000 dollars. Third-party costs like appraisal title insurance and recording fees range from 2000 to 5000 dollars. HUD counseling fees are usually 125 to 150 dollars. 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 are the age requirements for a reverse mortgage in Chester Springs?
Borrowers must be at least 62 years old to qualify for a reverse mortgage in Pennsylvania. All homeowners on the title must meet this age requirement. The home must be the primary residence.
Are reverse mortgage proceeds taxable in Pennsylvania?
Reverse mortgage proceeds are not considered income for federal or Pennsylvania state tax purposes. They are loan advances and are tax-free. However interest is not deductible until the loan is repaid.