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Find Reverse Mortgage Specialists in Mount Joy, PA
Looking for a reverse mortgage specialist in Mount Joy? Review the directory below to compare your options.
5 agents listed
Updated May 2026
Mount Joy, 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 5 reverse mortgage specialists in Mount Joy, 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.
Penn Home Mortgage: Mortgage Brokers
1175 E Main St, Mount Joy, PA 17552
7178420731
Edward Jones - Financial Advisor: Nathaniel L Miller
410 B W Main St, Mount Joy, PA 17552
7176531874
James Ream with HomeSale Mortgage
102 E Main St, Mount Joy, PA 17552
4848243630
Dwayne Campbell Penn Home Mortgage
1175 E Main St, Mount Joy, PA 17552
7175874121
PNC Mortgage
917 E Main St, Mount Joy, PA 17552
7176539076
A reverse mortgage specialist in Mount Joy Pennsylvania helps homeowners aged 62 and older convert home equity into loan proceeds without monthly payments. Pennsylvania law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage HECM. Mount Joy residents can use these funds for home repairs medical expenses or supplementing retirement income while remaining in their homes.
What Does a Reverse Mortgage Specialist in Mount Joy Cost?
Typical costs for a reverse mortgage in Pennsylvania include an origination fee up to 2 percent of the home value capped at 6000 dollars. Third-party fees such as appraisal title insurance and recording fees range from 1000 to 3000 dollars. The upfront mortgage insurance premium is 2 percent of the home value. Annual mortgage insurance premiums are 0.5 percent of the loan balance. Costs vary by lender and property value. 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 eligibility requirements for a reverse mortgage in Mount Joy Pennsylvania?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The home must be your primary residence and you must complete a HUD-approved counseling session. Pennsylvania does not have state-specific age requirements beyond the federal minimum.
How does a reverse mortgage affect my heirs in Pennsylvania?
Heirs can keep the home by paying off the loan balance or selling the property. If the loan balance exceeds the home value heirs are not personally liable for the difference due to FHA insurance. Pennsylvania law requires the lender to give heirs at least 30 days to decide after the borrower dies.
Are reverse mortgage proceeds taxable in Pennsylvania?
Reverse mortgage proceeds are not considered income for federal or Pennsylvania state tax purposes. They do not affect Social Security or Medicare benefits. However interest accrued on the loan is not tax deductible until the loan is repaid.
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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.