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Compare Reverse Mortgage Specialists in Lake Ariel, PA
Looking for a reverse mortgage specialist in Lake Ariel? Review the directory below to compare your options.
2 agents listed
Updated May 2026
Lake Ariel, 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 Lake Ariel, 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.
Summit Mortgage Corporation
1198 Hamlin Hwy, Lake Ariel, PA 18436
5703528662
Dana Alys Scott with Trust Mortgage
678 Stock Farm Rd, Lake Ariel, PA 18436
5706302942
A reverse mortgage specialist in Lake Ariel, Pennsylvania can help homeowners aged 62 and older access home equity. Pennsylvania law requires borrowers to receive third-party counseling from a HUD-approved agency before obtaining a Home Equity Conversion Mortgage (HECM). This service is tailored to the needs of seniors in Wayne County and the surrounding Pocono region.
What Does a Reverse Mortgage Specialist in Lake Ariel 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 for appraisal and counseling. Total closing costs often range from 2,000 to 8,000 dollars. These costs can be financed into the loan. 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 are the eligibility requirements for a reverse mortgage in Lake Ariel?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The property must be your primary residence. In Pennsylvania, you must also complete a mandatory counseling session with a HUD-approved counselor before applying.
How does Pennsylvania law affect reverse mortgage proceeds?
Pennsylvania does not tax reverse mortgage proceeds as income. However, you are still responsible for paying property taxes and homeowners insurance. The loan becomes due when you sell the home, move out permanently, or pass away.
Can a reverse mortgage be used on any type of home in Lake Ariel?
Eligible properties include single-family homes, FHA-approved condominiums, and manufactured homes that meet HUD standards. Two-to-four unit properties may qualify if you occupy one unit. Mobile homes and cooperatives are generally not eligible.
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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.