Compare Reverse Mortgage Specialists in Williamsport, PA
Directory of reverse mortgage specialists in Williamsport, Pennsylvania. Verify credentials with the state state mortgage licensing authority before hiring.
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
State Mortgage Licensing Authority of Pennsylvania before hiring.
Showing 13 reverse mortgage specialists in Williamsport, 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.
A reverse mortgage specialist in Williamsport Pennsylvania helps homeowners aged 62 and older convert home equity into tax-free funds without monthly payments. Pennsylvania law requires borrowers to complete a HUD-approved counseling session before obtaining a Home Equity Conversion Mortgage HECM. Local specialists can guide you through the process and explain how Pennsylvania property tax deferral programs may interact with a reverse mortgage.
What Does a Reverse Mortgage Specialist in Williamsport Cost?
In Pennsylvania a reverse mortgage typically involves an origination fee of up to 2 percent of the first 200000 dollars of home value plus 1 percent of the amount above 200000 dollars. The upfront mortgage insurance premium is 2 percent of the appraised value. Third-party costs such as appraisal and title fees range from 500 to 1500 dollars. All 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 age requirements for a reverse mortgage in Williamsport Pennsylvania?
Borrowers must be at least 62 years old. The youngest borrower on the title must meet this age requirement. Non-borrowing spouses may have certain protections under HUD rules.
Do I need to own my home free and clear to get a reverse mortgage in Pennsylvania?
No you do not need to own the home free and clear. You can use a reverse mortgage to pay off an existing mortgage. The remaining equity becomes available to you as loan proceeds.
What costs are associated with a reverse mortgage in Williamsport?
Typical costs include an origination fee up to 2 percent of the home value a mortgage insurance premium and third-party fees for appraisal title and recording. In Pennsylvania these costs are often financed into the loan so you pay no upfront cash.