Skip to main content

Find Reverse Mortgage Specialists Near You in Norristown, PA

Directory of reverse mortgage specialists in Norristown, Pennsylvania. Verify credentials with the state mortgage licensing authority before hiring.

2 agents listed
Updated May 2026
Norristown, 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 Norristown, 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.
Motto Mortgage Optimum Choice
9 Lawn Ave D, Norristown, PA 19403
4843222622
United Mortgage Brokers, Inc.
621 DeKalb St, Norristown, PA 19401
4846741090

What Does a Reverse Mortgage Specialist in Norristown Cost?

In Pennsylvania reverse mortgage costs include an origination fee capped at 6000 dollars or 2 percent of the first 200000 dollars of home value plus 1 percent of value above that. Upfront mortgage insurance premium is 2 percent of the appraised value with annual premiums of 0.5 percent. Appraisal and counseling fees add 500 to 1000 dollars. Total costs typically range from 3000 to 8000 dollars but depend on loan size 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 are the eligibility requirements for a reverse mortgage in Norristown Pennsylvania?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The home must be your primary residence and meet HUD property standards. Pennsylvania does not require a separate state license beyond federal HECM rules.
How does Pennsylvania law affect reverse mortgage proceeds?
Pennsylvania exempts reverse mortgage loan proceeds from state income tax. Borrowers retain ownership and can choose lump sum monthly payments or a line of credit. The loan becomes due when the last borrower leaves the home permanently per HUD guidelines.
What costs are involved with a reverse mortgage specialist in Norristown?
Typical costs include an origination fee up to 2 percent of the home value mortgage insurance premiums and appraisal fees. In Pennsylvania closing costs usually range from 2000 to 6000 dollars but vary by lender and property value. Borrowers can finance these costs into the loan.