Compare Pennsylvania's Best Reverse Mortgages
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Top 10 Reverse Mortgage Lenders in Pennsylvania
|Lender Name||Years in Business||Rating||Stars (0-5.0)||Positive Reviews||Complaints||BBB Reviews|
|All Reverse Mortgage, Inc. (ARLO)||15||A+||4.9||99%||1||Source|
|American Advisors Group (AAG)||14||A-||4.1||82%||53||Source|
|Longbridge Financial, LLC||6||A+||3.5||70%||2||Source|
|Reverse Mortgage Funding LLC||6||A+||3.0||50%||8||Source|
|One Reverse Mortgage, LLC (QUICKEN)
|Liberty Home Equity Solutions, Inc. (OCWEN)||15||A+||2.1||42%||2||Source|
|Retirement Funding Solutions (RFS)||9||A+||(N/A)||(N/A)||1||Source|
|Fairway Independent Mortgage||23||A+||2.1||42%||21||Source|
|HighTech Lending Inc.||13||A-||2.0||60%||2||Source|
|Finance of America Reverse LLC (FAR)||15||A+||1.0||20%||2||Source|
We are proud to be Pennsylvania's #1 Rated Reverse Mortgage Lender with a Perfect 5.0 stars and A+BBB review. All Reverse Mortgage® lends in 16 states nationwide, and throughout PA.
Since we started in 2004, our goal has remained simple: to offer the best terms with unbeatable customer service.
Compare our competitive rates and lower costs to any competitor and realize thousands more from your home’s equity!
The difference is clear, and we can’t wait to show you!
Pennsylvania Reverse Mortgage Facts
Top 10 Reverse Mortgage Cities in Pennsylvania by MCA (April 2020)
|State||Homeowners Age 62+||Reverse Mortgages Closed Last 12 Months||Purchase Reverse Mortgages Closed Last 12 Months||Lenders in Pennsylvania||Avg. Home Value|
HUD Approved Direct Lender
All Reverse Mortgage® is approved with the Department of Housing and Urban Development (HUD) to originate, underwrite and close the HUD Home Equity Conversion Mortgage (HECM, or "Heck-um"). The HECM is HUD's acronym for their reverse mortgage loan.
All Reverse Mortgage® originates in Pennsylvania and closes both refinance loans, where borrowers already own their home and are looking to either pay off their existing loan and have no more monthly mortgage payment, utilize their equity for other purposes if they have no existing loan, or possibly a combination of both.
About All Reverse Mortgage® of Pennsylvania
The owners and management of All Reverse were part of the team that wrote and sold the first fixed rate jumbo reverse mortgage in 2008 and as such, have extensive experience in jumbo or proprietary loan programs as well.
We are always looking for new products to offer to borrowers of high valued homes in the higher home priced markets that the HUD HECM may just not serve as well. Jumbo or proprietary programs typically offer much lower Principal Limits as they relate to values though so not all borrowers are better served with the jumbo programs.
Only a seasoned originator can readily inform borrowers which program will best suit their needs and the positives and negatives of each so that the borrower can make an informed decision.
It is no longer uncommon anywhere in the country for a market to be a solid HUD HECM market and then within just a short distance for a niche jumbo market to be located where there is a need for a jumbo program.
Therefore, homeowners aged 62 and above in all markets have seen that the reverse mortgage can be a very solid financial tool, and many are now seeking the reverse mortgage to augment their retirement plans and not so much the mortgage of last resort.
Everything from the elimination of existing mortgage payments to the line of credit that grows make reverse mortgage borrowers understand that this program allows them to utilize their homes to not only live comfortably in their family home, but to plan as well.
Pennsylvania Lending Limits
The “Keystone State” lives up to its title by being the location of some of the most important and formative events in American history. As of 2019, the state has an estimated population of 12,801,989 and 970,483 of those people are homeowners aged 62 and older, which means that nearly one million people may be eligible for a reverse mortgage.
The median home value in Pennsylvania is $198,377, which is much lower than the HECM reverse mortgage lending limit of $822,375.
What we now know today as Pennsylvania came into being in 1681, when a royal land grant to colonist William Penn, who quickly established two major innovations in government that would go on to become staples of the future United States: the county commission concept where a series of elected officials would govern specific counties, and freedom of religious expression honoring the individual religious beliefs of any citizen.
The First and Second Continental Congresses convened in Philadelphia in the mid-1770s, which ultimately led to the drafting of the Declaration of Independence and the separation of the American colonies from Great Britain. It was in Pennsylvania that John Dickinson drafted the Articles of Confederation which established the original 13 colonies as states, and the drafting of the Constitution of the United States in Philadelphia has made the city — and the state — the proverbial “cradle” of the American Union.
In the next century, the state would prove to provide another major occurrence in American history when the legendary Battle of Gettysburg was waged in the eponymous city between Union troops and the army of the insurgent Confederate States of America. The Union victory at Gettysburg proved to be a decisive turning point for the American Civil War.
At the dedication of a cemetery on the site of the battle in honor of the dead, President Abraham Lincoln delivered his famous and inspiring Gettysburg Address, reinforcing that “government of the people, by the people, for the people, shall not perish from the earth.”
In the 20th century, Pennsylvania solidified itself as a major economic center particularly for manufacturing. Now, U.S. Steel maintains a base of operations there, in addition to other major corporations including PPG, the Heinz Company and the Hershey Company. Pennsylvania ranks sixth in the country for its total gross state product. Industries driving the economy within the state include banking, gambling and agriculture. Pennsylvania is ranked first for its mushroom production, second for its apple production and third for its Christmas tree and layer chicken production.
The most dense cities in the state include Philadelphia, Pittsburgh, Allentown, Erie and Reading. In addition, Pennsylvania is one of the 13 original founding states in the country, which was established in 1681.
With lower home values, the possibility of being eligible for a reverse mortgage may be increased for those homeowners who are interested.
If you reside in Pennsylvania, All Reverse Mortgage® is here to answer your questions.
Other Areas of Interest in Pennsylvania
Pennsylvania Approved Reverse Mortgage Counseling Agencies
|Agency Name||Phone||Address||Website||Agency ID||Languages|
|CATHOLIC CHARITIES DIOCESE OF ALLENTOWN||610-435-1541||900 S. Woodward St.|
ALLENTOWN, Pennsylvania 18103-4179
|CCCS OF DELAWARE VALLEY, INC. DBA CLARIFI||800-989-2227||101 Greenwood Avenue|
Jenkintown, PA 19046
JENKINTOWN, Pennsylvania 19046-2627
|TABOR COMMUNITY SERVICES, INC||717-397-5182||308 E King St|
Lancaster, Pennsylvania 17602-5013
|CCCS OF DELAWARE VALLEY, INC. DBA CLARIFI||215-563-5665||1608 Walnut St Fl 10|
Philadelphia, PA 19103
|MT. AIRY, U S A||215-844-6021||6703 Germantown Ave - Suite 200|
PHILADELPHIA, Pennsylvania 19119-2109
|ADVANTAGE CREDIT COUNSELING SERVICE||888-511-2227||2403 Sidney St|
Pittsburgh, Pennsylvania 15203-2167
|ADVANTAGE CREDIT COUNSELING SERVICE||888-511-2227||401 Laurel St|
Pittston, PA 18640-3557
Pittston, Pennsylvania 18640-3557
|SCHUYLKILL COMMUNITY ACTION||570-622-1995||225 N. Centre St.|
POTTSVILLE, Pennsylvania 17901-2511
|CREDIT COUNSELING CENTER||215-348-8003||832 Second Street Pike|
Richboro, Pennsylvania 18954-1098
Did you know? Pennsylvania state does not mandate in-person counsleing. Visit our counseling page for a list of phone-based counseling agencies and conduct your required counseling from the comfort of your home.
Our Exclusive Programs Designed to Fit Your Needs.
All Reverse Mortgage© has consistently brought exclusive offers to our valued Pennsylvania homeowners. Because of our unique process we're able to offer a better federally-insured reverse mortgage with no compromise.
Take a look at some of our competitive rates that you won't find elsewhere:
|Exclusive 3.06% (4.06% APR) Fixed Rate for Life|
|Government Insured & Jumbo Proprietary Programs|
|Flexible Credit Lines from 2.23% with the Industries Lowest Lifetime Rate Exposure|
|ZERO Origination Fee Plans|
|ZERO Financed Closing Cost Plans|
|ZERO Monthly Servicing Fees on ALL programs|
How can we offer you more favorable terms?We are a direct lender approved by FHA (Federal Housing Administration) The HECM is literally all we do. All Reverse Mortgage is not just a name for us. We have a very low (almost non-existent) staff turnover and our people are experts. We don't work with Brokers, allowing us to pass the savings on to you. We don't hire "celebrity" spokespersons as we don't believe you should have to pay for a lender's expensive marketing budget with higher loan costs. We Charge Less! Check out our competition and our customer ratings. We never forget that this loan is about you and your needs and we put you first with superior service and lower costs.
All Reverse vs. the others
HUD approved direct lender.
Working with a local Pennsylvania lender saves you time and money.
As an award-winning direct lender our goal remains simple; to offer you the very best terms accompanied by extraordinary customer service.
What Our Customers Are Saying
|"There was no car salesman type of protracted negotiation. All reverse got right down to a good quote without a series of incremental steps."|
|"I was surprised how easy it was to deal with an out of state company. Actually it was much easier than my previous dealings with local banks and brokers"|
|"It is a wonderful feeling to have no mortgage and extra cash in our pocket. We are very happy."|
|"Thank you to All Reverse for handling everything in an efficient and smooth way. Thoroughly appreciate everything you have done to make things easy for me."|
|"This was the smoothest mortgage process I have ever experienced! And so fast!"|