Find Reverse Mortgage Specialists Near You in Hazleton, PA
Compare reverse mortgage specialists in Hazleton. 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 10 reverse mortgage specialists in Hazleton, 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.
Reverse mortgage specialists in Hazleton, Pennsylvania help older homeowners access home equity without monthly payments. Pennsylvania requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage (HECM). Specialists guide clients through the process, including property tax and insurance obligations under state law.
What Does a Reverse Mortgage Specialist in Hazleton Cost?
Typical costs for a reverse mortgage specialist in Pennsylvania include an origination fee of up to $6,000, a mortgage insurance premium of 2% of the home value, and third-party fees for appraisal and title search. Total closing costs often range from $2,000 to $8,000, depending on the loan amount and property value. This is general information and 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 Hazleton do?
A reverse mortgage specialist helps homeowners aged 62 and older understand and apply for a reverse mortgage. They explain loan terms, costs, and the mandatory counseling requirement under Pennsylvania law. Specialists do not provide financial advice but guide you through the application process.
Are there age requirements for a reverse mortgage in Pennsylvania?
Yes, you must be at least 62 years old to qualify for a Home Equity Conversion Mortgage (HECM) in Pennsylvania. All borrowers on the title must meet this age requirement. The specialist will verify eligibility before proceeding.
What counseling is needed before getting a reverse mortgage in Hazleton?
Pennsylvania law requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. This session covers loan costs, repayment terms, and alternatives. The specialist can provide a list of approved counselors in the Hazleton area.