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Compare Reverse Mortgage Specialists in White Haven, PA
Directory of reverse mortgage specialists in White Haven, Pennsylvania. Verify credentials with the state mortgage licensing authority before hiring.
2 agents listed
Updated May 2026
White Haven, 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 White Haven, 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.
New American Funding - Rob Scolnick
653 PA-940, White Haven, PA 18661
6104275204
New American Funding - White Haven, PA
653 PA-940, White Haven, PA 18661
5704293116
Reverse mortgage specialists in White Haven, Pennsylvania help 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). These specialists can guide you through the process, including property eligibility and repayment terms specific to Pennsylvania.
What Does a Reverse Mortgage Specialist in White Haven Cost?
Typical costs for a reverse mortgage in Pennsylvania include an origination fee of up to $6,000, an upfront mortgage insurance premium of 2 percent of the appraised value, and closing costs such as appraisal and title fees. Annual mortgage insurance premiums are 0.5 percent of the loan balance. These costs are generally financed into the loan rather than paid out of pocket. Actual costs vary by lender, 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 are the eligibility requirements for a reverse mortgage in White Haven Pennsylvania?
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 and meet FHA standards. Pennsylvania law also requires you to attend a counseling session with a HUD-approved counselor before applying.
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 under federal rules. Pennsylvania law does not impose additional estate recovery beyond federal guidelines.
Are reverse mortgage proceeds taxable in Pennsylvania?
Reverse mortgage proceeds are not considered income for federal or Pennsylvania state tax purposes. However, interest on the loan is not deductible until the loan is repaid. Consult a tax professional for your specific situation.
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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.