Reverse mortgage in Pennsylvania
HUD's own loan records identify lenders, loan locations and counselors in Pennsylvania.
- Pennsylvania saw 649 HECMs closed in a year
- HUD counted a Median home value of $315,000
- Longbridge Financial made the most HECMs in Pennsylvania (157)
HUD's HECM data records 649 closed reverse mortgages in Pennsylvania between September 2025 and August 2026, 2.6% of 24,529 nationwide, and it ranks 13th among the 50 states and DC.
Those loans include 6 for home purchases using HECM for Purchase, 81 that refinanced an older HECM and 3 that reached the $1,249,125 value cap.
Comparing Pennsylvania HECMs with the national figures
The final two rows come from the calculator.
| Pennsylvania | Against all HECMs | |
|---|---|---|
| HECMs closed | 649 | 2.6% of all 24,529 |
| Median home value counted | $315,000 | $125,000 less |
| Median principal limit | $135,240 | $58,932 less |
| Principal limit as a share of value | 42.8% | 0.6 points lower |
| Median expected rate | 5.875% | the same |
| HECM for Purchase | 0.9% | 4.6 points lower |
| Refinanced HECMs | 12.5% | 1.6 points higher |
| Lenders with a loan here | 19 | of 34 nationwide |
| Amount remaining after costs, age 70, median home, no mortgage | $106,640 | $44,900 less |
| Usable in the first year at age 70 | $58,004 | $25,600 less |
Pennsylvania HECM lenders ranked by loans
HECMs in Pennsylvania were sponsored by 19 lenders. Of the 649 loans, 465 (72%) were made by the three largest lenders: Longbridge Financial, Finance of America Reverse and Mutual of Omaha Mortgage. Check the national ranking for a comparison.
| Rank | Lender | HECMs | Share |
|---|---|---|---|
| 1 | Longbridge Financial | 157 | 24.2% |
| 2 | Finance of America Reverse | 156 | 24% |
| 3 |  | 152 | 23.4% |
| 4 | South River Mortgage | 49 | 7.6% |
| 5 | Traditional Mortgage Acceptance Corporation | 44 | 6.8% |
| 6 | Guild Mortgage | 14 | 2.2% |
| 7 | PHH Mortgage | 12 | 1.8% |
| 8 |  | 12 | 1.8% |
| 9 | MCM Holdings | 11 | 1.7% |
| 10 |  | 10 | 1.5% |
HECMs originated by local lenders and brokers in Pennsylvania
Pennsylvania HECM applications went to 82 companies. After setting national lenders aside, the companies with the highest origination totals were Atlantic Avenue Mortgage (40), Caliver Beach Mortgage (22) and Loandepot.com (12). West Capital Lending (10), Movement Mortgage (10), Wilmington Savings Fund Society (9), Bucksmont Home Loans (7) and New American Funding (6) also ranked among the leaders. These counts are of the company that originated each loan, while the ranking above counts the lender that sponsored it, so the two lists are not comparable.
Locations where Pennsylvania HECMs were made
Philadelphia County ranked first with 74 of the 649 loans, while Bucks had 44. The leading cities were Philadelphia (74), Pittsburgh (22), Reading (12), Bethlehem (11) and York (11). City names are the mailing city on each HUD record and can reach into nearby counties, so a city's count need not match the county table.
| County | HECMs | Share |
|---|---|---|
| Philadelphia | 74 | 11.4% |
| Bucks | 44 | 6.8% |
| Allegheny | 40 | 6.2% |
| Berks | 38 | 5.9% |
| Montgomery | 37 | 5.7% |
| Chester | 35 | 5.4% |
Pennsylvania's HUD-approved reverse mortgage counselors
HUD lists 5 agencies that counsel on reverse mortgages, based in Pennsylvania and spread across 3 cities. Their phone numbers are in HUD's counselor search.
| City | Agency | How they counsel | Languages |
|---|---|---|---|
| Philadelphia, PA | Affordable Housing Center of Pennsylvania | phone, in person, online, group | English, Spanish |
| Pittsburgh, PA | Advantage Credit Counseling Service | in person, video | English |
| Pittsburgh, PA | Credit.org - Pittsburgh, PA Branch | phone | English, Spanish |
| Pittsburgh, PA | Neighborworks Western Pennsylvania | phone, video, online | English |
| Pottsville, PA | Schuylkill Community Action | phone, in person, group | English, Spanish |
Property tax relief for older Pennsylvania homeowners
Pennsylvania homeowners age 65 and older may qualify to receive a Property Tax/Rent Rebate worth $380 to $1,000 if their annual household income is $48,110 or less. Property Tax/Rent Rebate Program | Department of Revenue | Commonwealth of Pennsylvania
Who oversees reverse mortgage lenders in Pennsylvania
Mortgage lenders in Pennsylvania hold licenses under the Mortgage Licensing Act. Mortgage Servicer FAQs | Department of Banking and Securities | Commonwealth of Pennsylvania.
The source is the HUD HECM portfolio snapshot, which covers September 2025 through August 2026. Each state.