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Find Reverse Mortgage Specialists in Wilkes-Barre, PA
Looking for a reverse mortgage specialist in Wilkes-Barre? Review the directory below to compare your options.
6 agents listed
Updated May 2026
Wilkes-Barre, 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 6 reverse mortgage specialists in Wilkes-Barre, 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.
Mariner Finance
765 Kidder St, Wilkes-Barre, PA 18702
5708462284
Guild Mortgage - Rich Sachse
613 Baltimore Dr Suite 4, Wilkes-Barre, PA 18702
5702352170
Guild Mortgage - Dan Townsend
613 Baltimore Dr Suite 4, Wilkes-Barre, PA 18702
5702352183
Guild Mortgage - Charlie Daniels
613 Baltimore Dr Suite 4, Wilkes-Barre, PA 18702
5702352178
Guild Mortgage - Dave Huggler
613 Baltimore Dr Suite 4, Wilkes-Barre, PA 18702
5702352171
Keystone Loans & Financial Services
1325 N River St # 205, Wilkes-Barre, PA 18702
5709701600
Reverse mortgage specialists in Wilkes-Barre help homeowners aged 62 and older convert part of their home equity into tax-free funds. In Pennsylvania, borrowers must complete a HUD-approved counseling session before applying. Local specialists guide clients through the process, including understanding loan terms and property tax obligations under state law.
What Does a Reverse Mortgage Specialist in Wilkes-Barre Cost?
Typical costs for a reverse mortgage in Pennsylvania include an origination fee (up to $6,000), a mortgage insurance premium (2% of the home value upfront plus 0.5% annually), and third-party fees such as appraisal ($400 to $800) and title search ($500 to $1,000). Closing costs generally range from $2,000 to $8,000. These costs can be financed into the loan. 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 Wilkes-Barre?
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 FHA property standards. Pennsylvania law requires a mandatory counseling session with a HUD-approved counselor before you can proceed.
How much can I borrow with a reverse mortgage in Pennsylvania?
The amount depends on your age, the appraised value of your home, and current interest rates. In 2024, the maximum claim amount for FHA reverse mortgages is $1,089,300. A specialist can calculate your estimated loan amount based on these factors.
Are reverse mortgage proceeds taxable in Pennsylvania?
No, reverse mortgage proceeds are not considered income by the IRS or Pennsylvania Department of Revenue. However, you must still pay property taxes and homeowners insurance. Failure to pay these can lead to loan default and foreclosure.
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BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
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.