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Compare Pennsylvania's Best Reverse Mortgages
Compare Pennsylvania's Best Reverse Mortgages
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Pennsylvania's #1 Rated Reverse Mortgage

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In your current area 100 homeowners are currently utilizing reverse mortgages to better enhance their retirement years, with 500,000 nationwide!

The amount you receive is based on your home’s value, your age, and current interest rates. Let’s start with your address so I can estimate your home value…
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(Our calculations use estimated property values provided by Estated.com. An independent HUD-approved appraiser must complete an appraisal to finalize your loan)
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The minimum qualifying age for a reverse mortgage is 55

Don’t forget to include your spouse’s age, even if they are not yet 55, as loan proceeds are always based on the age of the youngest spouse.
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2021 BBB Torch Award Finalist
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Reverse Mortgages in Pennsylvania: A Comprehensive Guide

If you’re a Pennsylvania homeowner aged 62 or older, a reverse mortgage could be a valuable tool to help you unlock the equity in your home and improve your financial security during retirement.  In this guide, we’ll cover everything you need to know about reverse mortgages in Pennsylvania, including key facts, the latest statistics, top lenders, and essential protections.

About All Reverse Mortgage, Inc. of Pennsylvania

At All Reverse Mortgage, Inc. (ARLO™), we’ve spent two decades serving homeowners across the nation, earning our reputation as one of the most trusted reverse mortgage providers.  With an A+ rating from the Better Business Bureau and countless 5-star reviews, we’re known for offering exceptional service, competitive rates, and lower costs.

Since 2004, our mission has been to help Pennsylvania homeowners make the most of their home equity.  Whether it’s paying off an existing loan, creating a safety net with a growing line of credit, or simply enjoying financial peace of mind, we provide personalized guidance every step of the way.  Our team even pioneered the first fixed-rate jumbo reverse mortgage in 2008, giving us unmatched expertise in these innovative loan programs.

As a HUD-approved reverse mortgage lender, we offer both HECM & jumbo reverse mortgage options tailored to your unique situation.  While jumbo loans can be an excellent choice for higher-value homes, they often come with lower Principal Limits.  Our experts are here to help you evaluate the benefits and make the decision that’s right for your financial goals.

Across Pennsylvania, homeowners aged 62 and older are embracing reverse mortgages not as a last resort but as a sound retirement strategy.  From eliminating monthly mortgage payments to accessing growing credit lines, our clients enjoy the financial freedom to stay in their homes while planning for a secure future.

At All Reverse Mortgage, Inc. (ARLO™), we look forward to serving you with the professionalism, transparency, and care that have defined our company from the start.

 

Key Facts About Reverse Mortgages in Pennsylvania

pennsylvania reverse mortgage lender map

  • Eligibility: For HECM loans, you must be 62 or older and own a home in Pennsylvania.  If you’re 55 or older, you may qualify for our jumbo and proprietary reverse mortgage products, which are designed for higher-value homes and offer more flexibility.
  • Loan Types: Choose from HECM (federally insured) or jumbo reverse mortgages tailored to your needs.
  • No Monthly Payments: With a reverse mortgage, you won’t need to make monthly mortgage payments as long as you live in the home.
  • Flexible Payout Options: Access your home equity through lump sums, monthly payments, or a growing line of credit.
  • Protections: Pennsylvania offers additional consumer protections to ensure transparency and fairness throughout the process.

 


Pennsylvania Reverse Mortgage Facts

Top 10 Reverse Mortgage Cities in Pennsylvania
1   Philadelphia
2   Pittsburgh
3   Lancaster
4   West Chester
5   Mechanicsburg
6   Bethlehem
7   Wayne
8   Gettysburg
9   Bensalem
10   Southampton

Data by MCA (January 2025)

Latest Pennsylvania Reverse Mortgage Statistics (2025)

StateHomeowners Age 62+Reverse Mortgages Closed Last 12 MonthsLenders in PennsylvaniaAvg. Home Value
Pennsylvania1.2 million63437$265,565
HECM Data source: https://entp.hud.gov/sfnw/public/
Loan Type: HECM Standard Loans Originated in Pennsylvania
Performance Period: Loans endorsed between January 1, 2024, and December 31, 2024
Note: Includes all HECM Standard cases within the specified endorsement period.

Top Reverse Mortgage Lenders in Pennsylvania

LenderRatingYears in BusinessStars (0-5)Good Review %ComplaintsBBB Review
All Reverse Mortgage, Inc. (ARLO)A+204.99/599.8%0Source
Advisors Mortgage GroupA+251.00/520.0%6Source
Atlantic Avenue Mortgage LLCB+24.94/598.8%2Source
American Pacific MortgageF282.00/540.0%13Source
Ennkar Inc.A+144.00/580.0%2Source
Fairway Independent MortgageA+284.435587.0%35Source
Finance of America Reverse LLC (FAR)A+211.00/520.0%30Source
GoodLife Home LoansA+124.43/588.6%0Source
Guild Mortgage Company (Formerly Cherry Creek LLC)A+641.36/527.2%34Source
HighTechLending IncA+184.93/598.6%0Source
Liberty Home Equity Solutions Inc.A+211.00/520.0%2Source
Longbridge Financial LLCA+123.78/575.6%19Source
Mid America Mortgage Inc.A+66NANANASource
MoneyhouseNR27NANA0Source
Movement Mortgage, LLCA+174.80/595.6%109Source
Mutual of Omaha MortgageA+113.92/578.4%45Source
Open Mortgage LLCA+212.60/552.0%1Source
Plaza Home Mortgage IncA+242.47/549.4%13Source
Smartfi Home LoansA+5NANA0Source
South River Mortgage, LLCA+53.16/563.2%15Source
This chart compares the top 20 reverse mortgage lenders in the U.S. based on national rankings, displaying key metrics such as their BBB (Better Business Bureau) rating, years in business, average star rating, percentage of positive reviews, number of complaints, and sources of reviews. Top 20 HECM lenders reported by https://www.rminsight.net/wp-content/uploads/2024/12/Originators_202410.pdf. (Reviews Updated: December 18, 2024).

 


Pennsylvania Reverse Mortgage Lending Limits

Pennsylvania, known as the “Keystone State,” is steeped in American history and home to nearly 13 million people.  Over 970,000 of these residents are homeowners aged 62 and older, meaning nearly one million people in Pennsylvania may be eligible for a reverse mortgage.

The median home value in Pennsylvania is $265,565, which is well below the HECM reverse mortgage lending limit of $1,209,750.  This makes reverse mortgages a viable option for many Pennsylvania homeowners.

Pennsylvania played a pivotal role in the founding of the United States.  The state was the site of key events such as the drafting of the Declaration of Independence and the U.S. Constitution in Philadelphia.  Pennsylvania is also home to Gettysburg, where a decisive Civil War battle took place, and where President Abraham Lincoln delivered his iconic Gettysburg Address.

In the 20th century, Pennsylvania became a major hub for manufacturing, with companies like U.S. Steel, Heinz, and Hershey establishing operations in the state.  Today, Pennsylvania’s economy is driven by industries such as banking, agriculture, and manufacturing.

If you’re a homeowner aged 62 or older in Pennsylvania, a reverse mortgage could be a valuable financial tool for your retirement.  Whether you’re looking to eliminate monthly mortgage payments or access additional funds from your home’s equity, All Reverse Mortgage, Inc. (ARLO™) is here to help.  We’re ready to answer your questions and guide you through the process.

 


Essential Protections for Pennsylvania Borrowers

Pennsylvania adheres to federal reverse mortgage regulations while ensuring strong consumer protections through its general lending laws.  Here’s what you need to know about the safeguards in place for reverse mortgage borrowers in Pennsylvania:

Mandatory Counseling:
Before applying for a reverse mortgage, you must complete a HUD-approved counseling session.  This ensures you fully understand the loan’s terms, costs, and potential alternatives.  Counseling can be done over the phone or in person, and the certificate of completion must be provided to your lender.

Cooling-Off Period:
Federal law requires a mandatory waiting period between completing counseling and closing the loan.  This gives you time to carefully review the terms, discuss the decision with family or advisors, and confirm that a reverse mortgage aligns with your financial goals.

No Tied Financial Products:
Lenders in Pennsylvania are prohibited from requiring you to purchase additional financial products, such as annuities or insurance, as a condition of obtaining a reverse mortgage.  This protection ensures the loan process remains fair and free from unnecessary financial pressure.

Clear Disclosures:
Lenders must provide detailed disclosures about the loan’s terms, including interest rates, fees, and repayment obligations.  They are also required to inform you that you remain responsible for property taxes, homeowners insurance, and home maintenance.  Failure to meet these obligations could result in foreclosure.

Licensed Lenders:
All reverse mortgage lenders operating in Pennsylvania must be licensed by the Pennsylvania Department of Banking and Securities.  This ensures lenders meet state standards for transparency, professionalism, and ethical practices.

Non-Recourse Loans:
Reverse mortgages in Pennsylvania are non-recourse loans, meaning you or your heirs will never owe more than the home’s value at the time the loan is repaid.  This protection ensures you won’t be burdened with excess debt if the loan balance exceeds the home’s worth.

Spousal Protections:
If you have a non-borrowing spouse, Pennsylvania lenders must follow federal HUD guidelines to protect their right to remain in the home after the borrowing spouse passes away or moves out, provided they meet certain requirements.

 


Pennsylvania Approved Reverse Mortgage Counseling Agencies

NameAgency IDAddressPhoneWeb Site
ADVANTAGE CREDIT COUNSELING SERVICE800802403 SIDNEY ST STE 250
PITTSBURGH, PA 15203-2194
(888) 511-2227N/A
CATHOLIC CHARITIES DIOCESE OF ALLENTOWN84574402 CHEW ST
ALLENTOWN, PA 18102-3581
(610) 435-1541 ext 356https://www.catholiccharitiesad.org/
MONEY MANAGEMENT INTERNATIONAL - PHILADELPHIA90261SUITE 550
1 INTERNATIONAL PLZ
PHILADELPHIA, PA 19113-1510
(866) 232-9080http://www.moneymanagement.org

Did you know?  Pennsylvania does not mandate in-person counseling.  Visit our counseling page for a list of phone-based counseling agencies, and you can conduct your required counseling from the comfort of your home.

Other Areas of Interest in Pennsylvania

Bethlehem Lititz Mechanicsburg Philadelphia Sewickley

 


Ready to take the next step?

If you’re a homeowner in Pennsylvania, All Reverse Mortgage, Inc. (ARLO™) is here to guide you every step of the way. Discover how much you may qualify for with our easy-to-use reverse mortgage calculator, or call us Toll-Free at (800) 565-1722.  Let us help you unlock your home’s equity and achieve greater financial freedom today!

 

Additional Resources:
Reversemortgage.org NRMLA Members in PA
HUD.GOV Approved Lenders Search

Author Michael Branson
About the Author, Michael G. Branson | Mike@allreverse.com
Michael G. Branson CEO, All Reverse Mortgage, Inc. and moderator of ARLO™ has 45 years of experience in the mortgage banking industry. He has devoted the past 20 years to reverse mortgages exclusively.
Pennsylvania Reverse Mortgages
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