Pennsylvania's #1 Rated Reverse Mortgage

Michael G. Branson, CEO of 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. (License: NMLS# 14040)

All Reverse Mortgage's editing process includes rigorous fact-checking led by industry experts to ensure all content is accurate and current. This article has been reviewed, edited, and fact-checked by Cliff Auerswald, President and co-creator of ARLO™. (License: NMLS# 14041)

By Michael G. Branson   Edited by Cliff Auerswald

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

• 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

Latest Pennsylvania Reverse Mortgage Statistics (2025)

Top Reverse Mortgage Lenders in Pennsylvania

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.

HUD-Approved Reverse Mortgage Counseling Agencies in Pennsylvania

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 Unlock Your Home’s Equity?

As Pennsylvania’s #1 Rated Reverse Mortgage Lender, All Reverse Mortgage, Inc. (ARLO™) is here to provide trusted guidance, real-time rates, and expert support to help you make informed decisions.

✔ No obligations. Just real-time rates and expert advice.
✔ Instant quote. No personal info required.
✔ Licensed experts. Get clear, honest answers.

As a fully licensed lender by the Pennsylvania Department of Banking and Securities (License #47343), we’re committed to helping you secure the retirement you deserve.

Get Your Free Quote from Pennsylvania‘s #1 Rated Reverse Mortgage Lender! Use our reverse mortgage calculator, or call (800) 565-1722 to speak with a friendly expert today.

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