Find Reverse Mortgage Specialists in Yardley, PA
Directory of reverse mortgage specialists in Yardley, 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 5 reverse mortgage specialists in Yardley, 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 Yardley, Pennsylvania helps older homeowners access home equity without monthly payments. In Pennsylvania, borrowers must receive HUD-approved counseling before applying for a Home Equity Conversion Mortgage (HECM). Yardley residents can work with local specialists who understand Bucks County property values and PA state regulations.
What Does a Reverse Mortgage Specialist in Yardley Cost?
Reverse mortgage costs in Pennsylvania typically 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 charges like appraisal and title search. Total closing costs often range from $2,000 to $8,000 depending on the home 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 Yardley PA?
Borrowers must be at least 62 years old. All homeowners listed on the title must meet this age requirement under federal HECM rules.
Do I need counseling before getting a reverse mortgage in Pennsylvania?
Yes. Pennsylvania law requires all borrowers to complete a counseling session with a HUD-approved counselor before the loan can proceed. This session explains the costs and obligations.
Can I lose my home with a reverse mortgage in Yardley?
You can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. Pennsylvania law allows foreclosure if these terms are not met.