Reverse Mortgage Funding Rates, Fees & Info

WILMINGTON, DE

LEI: 5493001FXF3J5C0QWQ87

Tax ID: 80-0860209

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Mortgage Data

Review & Overview

Reverse Mortgage Funding is a small mortgage company specializing in loans. They have a a high proportion of FHA loans. Reverse Mortgage Funding has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Francisco, San Diego, Denver, and Sacramento among others. We have data for 317 markets. (Some data included below & more in-depth data is available with an active subscription.)

Reverse Mortgage Funding has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender in 2021-- chances are they are still one in 2022.

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Originations

6,177

Origination Dollar Volume (All Markets)

$2,391,675,000

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) » 778 $489,250,000 $628,856 $0 3.09%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) » 282 $200,450,000 $710,816 $0 2.87%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) » 356 $175,550,000 $493,118 $0 3.11%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) » 282 $93,000,000 $329,787 $0 3.10%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) » 236 $83,840,000 $355,254 $0 3.18%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) » 96 $81,120,000 $845,000 $0 3.04%
SALT LAKE CITY, UT (FHA|USDA|VA) » 255 $77,635,000 $304,451 $0 3.35%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) » 184 $75,390,000 $409,728 $0 3.53%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) » 233 $74,445,000 $319,506 $0 3.35%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) » 241 $73,855,000 $306,452 $0 3.17%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) » 168 $60,390,000 $359,464 $0 3.65%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) » 93 $46,205,000 $496,828 $0 3.01%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) » 112 $41,400,000 $369,643 $0 3.17%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) » 135 $39,965,000 $296,037 $0 3.30%
PROVO-OREM, UT (FHA|USDA|VA) » 110 $35,030,000 $318,455 $0 3.38%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) » 50 $26,700,000 $534,000 $0 3.22%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) » 73 $26,645,000 $365,000 $0 3.44%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) » 85 $23,655,000 $278,294 $0 3.39%
Outside of Metro Areas 94 $23,480,000 $249,787 $0 3.39%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) » 51 $21,855,000 $428,529 $0 3.03%
BOULDER, CO (FHA|USDA|VA) » 41 $17,975,000 $438,415 $0 3.16%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) » 55 $15,155,000 $275,545 $0 3.35%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) » 71 $15,025,000 $211,620 $0 3.16%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) » 34 $14,410,000 $423,824 $0 3.75%
COLORADO SPRINGS, CO (FHA|USDA|VA) » 52 $13,830,000 $265,962 $0 3.11%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) » 49 $13,385,000 $273,163 $0 3.65%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) » 22 $13,310,000 $605,000 $0 3.24%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) » 65 $12,765,000 $196,385 $0 3.70%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) » 42 $12,740,000 $303,333 $0 3.07%
BOISE CITY, ID (FHA|USDA|VA) » 40 $11,110,000 $277,750 $0 3.29%
ST. GEORGE, UT (FHA|USDA|VA) » 36 $10,860,000 $301,667 $0 3.31%
GREELEY, CO (FHA|USDA|VA) » 41 $10,485,000 $255,732 $0 3.19%
FORT COLLINS, CO (FHA|USDA|VA) » 30 $10,250,000 $341,667 $0 3.13%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) » 20 $9,770,000 $488,500 $0 2.66%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) » 40 $9,580,000 $239,500 $0 3.32%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) » 43 $9,575,000 $222,674 $0 3.53%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) » 14 $9,220,000 $658,571 $0 2.91%
MEDFORD, OR (FHA|USDA|VA) » 37 $9,175,000 $247,973 $0 3.59%
SALINAS, CA (FHA|USDA|VA) » 14 $8,350,000 $596,429 $0 2.77%
BARNSTABLE TOWN, MA (FHA|USDA|VA) » 18 $7,760,000 $431,111 $0 4.15%
VALLEJO, CA (FHA|USDA|VA) » 20 $7,710,000 $385,500 $0 2.92%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) » 33 $7,655,000 $231,970 $0 3.52%
Outside of Metro Areas 25 $7,355,000 $294,200 $0 3.25%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) » 29 $7,095,000 $244,655 $0 3.55%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) » 19 $7,075,000 $372,368 $0 2.69%
JACKSONVILLE, FL (FHA|USDA|VA) » 23 $6,675,000 $290,217 $0 3.42%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) » 23 $6,605,000 $287,174 $0 3.46%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) » 24 $6,460,000 $269,167 $0 3.34%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) » 29 $6,415,000 $221,207 $0 2.91%
STOCKTON, CA (FHA|USDA|VA) » 21 $6,225,000 $296,429 $0 3.23%
TUCSON, AZ (FHA|USDA|VA) » 26 $6,140,000 $236,154 $0 3.35%
NAPA, CA (FHA|USDA|VA) » 8 $6,050,000 $756,250 $0 2.33%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) » 32 $6,020,000 $188,125 $0 3.23%
RENO, NV (FHA|USDA|VA) » 18 $5,940,000 $330,000 $0 3.24%
BEND, OR (FHA|USDA|VA) » 15 $5,825,000 $388,333 $0 3.43%
PORT ST. LUCIE, FL (FHA|USDA|VA) » 24 $5,630,000 $234,583 $0 3.40%
Helena, MT (FHA|USDA|VA) » 23 $5,515,000 $239,783 $0 3.57%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) » 5 $5,365,000 $1,073,000 $0 3.43%
Heber, UT (FHA|USDA|VA) » 13 $5,275,000 $405,769 $0 3.50%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) » 21 $5,265,000 $250,714 $0 3.50%
RICHMOND, VA (FHA|USDA|VA) » 28 $5,230,000 $186,786 $0 3.27%
Bozeman, MT (FHA|USDA|VA) » 13 $5,195,000 $399,615 $0 3.22%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) » 18 $4,880,000 $271,111 $0 3.17%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) » 26 $4,870,000 $187,308 $0 3.34%
Truckee-Grass Valley, CA (FHA|USDA|VA) » 11 $4,635,000 $421,364 $0 3.36%
OCEAN CITY, NJ (FHA|USDA|VA) » 6 $4,320,000 $720,000 $0 4.13%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) » 12 $4,320,000 $360,000 $0 3.29%
WORCESTER, MA-CT (FHA|USDA|VA) » 20 $4,260,000 $213,000 $0 3.93%
MODESTO, CA (FHA|USDA|VA) » 18 $4,220,000 $234,444 $0 3.15%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) » 15 $4,155,000 $277,000 $0 3.61%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) » 13 $4,135,000 $318,077 $0 4.03%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) » 18 $4,060,000 $225,556 $0 3.42%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) » 16 $3,880,000 $242,500 $0 3.38%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) » 20 $3,730,000 $186,500 $0 3.35%
RALEIGH-CARY, NC (FHA|USDA|VA) » 16 $3,600,000 $225,000 $0 3.36%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) » 8 $3,460,000 $432,500 $0 4.03%
BELLINGHAM, WA (FHA|USDA|VA) » 10 $3,440,000 $344,000 $0 3.33%
SALEM, OR (FHA|USDA|VA) » 16 $3,430,000 $214,375 $0 3.44%
URBAN HONOLULU, HI (FHA|USDA|VA) » 6 $3,390,000 $565,000 $0 0.51%
FRESNO, CA (FHA|USDA|VA) » 15 $3,345,000 $223,000 $0 3.14%
THE VILLAGES, FL (FHA|USDA|VA) » 11 $3,145,000 $285,909 $0 2.89%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) » 11 $3,085,000 $280,455 $0 3.67%
COLUMBUS, OH (FHA|USDA|VA) » 15 $2,945,000 $196,333 $0 3.71%
Hilo, HI (FHA|USDA|VA) » 1 $2,845,000 $2,845,000 $0 6.99%
Sebastian-Vero Beach, FL (FHA|USDA|VA) » 10 $2,790,000 $279,000 $0 3.05%
PITTSBURGH, PA (FHA|USDA|VA) » 16 $2,660,000 $166,250 $0 3.40%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) » 14 $2,650,000 $189,286 $0 3.28%
Traverse City, MI (FHA|USDA|VA) » 7 $2,625,000 $375,000 $0 4.26%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) » 12 $2,620,000 $218,333 $0 3.44%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) » 11 $2,615,000 $237,727 $0 3.54%
IDAHO FALLS, ID (FHA|USDA|VA) » 10 $2,590,000 $259,000 $0 3.21%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) » 10 $2,530,000 $253,000 $0 3.26%
CHARLOTTESVILLE, VA (FHA|USDA|VA) » 14 $2,490,000 $177,857 $0 4.08%
ASHEVILLE, NC (FHA|USDA|VA) » 8 $2,390,000 $298,750 $0 3.23%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) » 9 $2,345,000 $260,556 $0 3.54%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) » 9 $2,335,000 $259,444 $0 3.40%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) » 7 $2,235,000 $319,286 $0 3.82%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) » 7 $2,205,000 $315,000 $0 3.19%
Oak Harbor, WA (FHA|USDA|VA) » 5 $2,115,000 $423,000 $0 3.18%
SANTA FE, NM (FHA|USDA|VA) » 5 $2,065,000 $413,000 $0 3.20%
LOGAN, UT-ID (FHA|USDA|VA) » 6 $2,040,000 $340,000 $0 4.00%
CARSON CITY, NV (FHA|USDA|VA) » 5 $1,995,000 $399,000 $0 3.98%
OCALA, FL (FHA|USDA|VA) » 13 $1,935,000 $148,846 $0 3.34%
ALBUQUERQUE, NM (FHA|USDA|VA) » 10 $1,860,000 $186,000 $0 3.35%
Port Angeles, WA (FHA|USDA|VA) » 5 $1,845,000 $369,000 $0 3.91%
Concord, NH (FHA|USDA|VA) » 8 $1,790,000 $223,750 $0 3.32%
PUEBLO, CO (FHA|USDA|VA) » 8 $1,780,000 $222,500 $0 3.22%
ST. LOUIS, MO-IL (FHA|USDA|VA) » 7 $1,765,000 $252,143 $0 3.35%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) » 9 $1,695,000 $188,333 $0 4.31%
GRANTS PASS, OR (FHA|USDA|VA) » 7 $1,695,000 $242,143 $0 3.34%
CHICO, CA (FHA|USDA|VA) » 6 $1,680,000 $280,000 $0 3.15%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) » 7 $1,645,000 $235,000 $0 3.35%
Kill Devil Hills, NC (FHA|USDA|VA) » 5 $1,615,000 $323,000 $0 3.20%
VISALIA, CA (FHA|USDA|VA) » 7 $1,615,000 $230,714 $0 3.41%
YUBA CITY, CA (FHA|USDA|VA) » 6 $1,610,000 $268,333 $0 3.16%
CaƱon City, CO (FHA|USDA|VA) » 8 $1,600,000 $200,000 $0 3.41%
LONGVIEW, WA (FHA|USDA|VA) » 7 $1,585,000 $226,429 $0 3.44%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) » 8 $1,580,000 $197,500 $0 4.96%
SALISBURY, MD-DE (FHA|USDA|VA) » 7 $1,565,000 $223,571 $0 3.34%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) » 9 $1,555,000 $172,778 $0 3.38%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) » 8 $1,540,000 $192,500 $0 3.90%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) » 5 $1,495,000 $299,000 $0 3.49%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) » 4 $1,490,000 $372,500 $0 3.08%
SPRINGFIELD, MA (FHA|USDA|VA) » 8 $1,440,000 $180,000 $0 3.83%
GRAND JUNCTION, CO (FHA|USDA|VA) » 7 $1,435,000 $205,000 $0 3.52%
Sandpoint, ID (FHA|USDA|VA) » 5 $1,415,000 $283,000 $0 3.33%
ALBANY-LEBANON, OR (FHA|USDA|VA) » 7 $1,385,000 $197,857 $0 3.44%
KNOXVILLE, TN (FHA|USDA|VA) » 6 $1,350,000 $225,000 $0 3.73%
PUNTA GORDA, FL (FHA|USDA|VA) » 8 $1,320,000 $165,000 $0 3.92%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) » 4 $1,320,000 $330,000 $0 3.30%
BAKERSFIELD, CA (FHA|USDA|VA) » 8 $1,310,000 $163,750 $0 3.00%
Breckenridge, CO (FHA|USDA|VA) » 3 $1,235,000 $411,667 $0 4.21%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) » 5 $1,175,000 $235,000 $0 3.25%
Prineville, OR (FHA|USDA|VA) » 3 $1,175,000 $391,667 $0 3.30%
KINGSTON, NY (FHA|USDA|VA) » 3 $1,175,000 $391,667 $0 3.29%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) » 1 $1,155,000 $1,155,000 $0 0.00%
Blackfoot, ID (FHA|USDA|VA) » 5 $1,145,000 $229,000 $0 3.29%
ROCHESTER, NY (FHA|USDA|VA) » 8 $1,130,000 $141,250 $0 3.67%
Glenwood Springs, CO (FHA|USDA|VA) » 3 $1,115,000 $371,667 $0 3.35%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) » 9 $1,095,000 $121,667 $0 3.56%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) » 8 $1,090,000 $136,250 $0 3.28%
Klamath Falls, OR (FHA|USDA|VA) » 3 $1,075,000 $358,333 $0 3.13%
Durango, CO (FHA|USDA|VA) » 2 $1,060,000 $530,000 $0 1.63%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) » 7 $1,035,000 $147,857 $0 3.22%
FLAGSTAFF, AZ (FHA|USDA|VA) » 2 $1,010,000 $505,000 $0 3.11%
WILMINGTON, NC (FHA|USDA|VA) » 3 $1,005,000 $335,000 $0 2.95%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) » 5 $1,005,000 $201,000 $0 3.36%
CORVALLIS, OR (FHA|USDA|VA) » 3 $995,000 $331,667 $0 3.38%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) » 4 $990,000 $247,500 $0 3.33%
Kalispell, MT (FHA|USDA|VA) » 2 $980,000 $490,000 $0 5.06%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) » 4 $980,000 $245,000 $0 3.55%
Vineyard Haven, MA (FHA|USDA|VA) » 2 $970,000 $485,000 $0 3.05%
HUNTSVILLE, AL (FHA|USDA|VA) » 4 $960,000 $240,000 $0 3.42%
Sonora, CA (FHA|USDA|VA) » 3 $955,000 $318,333 $0 4.19%
Roseburg, OR (FHA|USDA|VA) » 4 $940,000 $235,000 $0 3.32%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) » 2 $920,000 $460,000 $0 3.06%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) » 6 $910,000 $151,667 $0 3.29%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) » 6 $910,000 $151,667 $0 4.23%
Ukiah, CA (FHA|USDA|VA) » 2 $880,000 $440,000 $0 1.58%
STAUNTON, VA (FHA|USDA|VA) » 5 $875,000 $175,000 $0 3.79%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) » 1 $845,000 $845,000 $0 7.12%
SAVANNAH, GA (FHA|USDA|VA) » 2 $830,000 $415,000 $0 4.53%
MERCED, CA (FHA|USDA|VA) » 4 $790,000 $197,500 $0 3.85%
REDDING, CA (FHA|USDA|VA) » 4 $770,000 $192,500 $0 3.46%
Morehead City, NC (FHA|USDA|VA) » 3 $765,000 $255,000 $0 4.50%
Gardnerville Ranchos, NV (FHA|USDA|VA) » 2 $750,000 $375,000 $0 3.18%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) » 2 $730,000 $365,000 $0 3.16%
COLUMBIA, SC (FHA|USDA|VA) » 3 $725,000 $241,667 $0 3.43%
DULUTH, MN-WI (FHA|USDA|VA) » 2 $710,000 $355,000 $0 2.93%
Pahrump, NV (FHA|USDA|VA) » 5 $705,000 $141,000 $0 3.28%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) » 3 $695,000 $231,667 $0 3.31%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) » 3 $675,000 $225,000 $0 3.42%
LANCASTER, PA (FHA|USDA|VA) » 4 $670,000 $167,500 $0 4.09%
SYRACUSE, NY (FHA|USDA|VA) » 2 $660,000 $330,000 $0 3.58%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) » 2 $650,000 $325,000 $0 3.41%
CHATTANOOGA, TN-GA (FHA|USDA|VA) » 2 $630,000 $315,000 $0 3.10%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) » 2 $620,000 $310,000 $0 3.27%
UTICA-ROME, NY (FHA|USDA|VA) » 2 $610,000 $305,000 $0 3.41%
SEBRING-AVON PARK, FL (FHA|USDA|VA) » 4 $600,000 $150,000 $0 3.97%
Centralia, WA (FHA|USDA|VA) » 2 $600,000 $300,000 $0 3.35%
BURLINGTON, NC (FHA|USDA|VA) » 4 $590,000 $147,500 $0 3.53%
GAINESVILLE, GA (FHA|USDA|VA) » 2 $590,000 $295,000 $0 3.15%
Easton, MD (FHA|USDA|VA) » 2 $580,000 $290,000 $0 3.10%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) » 2 $570,000 $285,000 $0 3.59%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) » 1 $545,000 $545,000 $0 3.06%
Brookings, OR (FHA|USDA|VA) » 2 $540,000 $270,000 $0 3.16%
Georgetown, SC (FHA|USDA|VA) » 2 $520,000 $260,000 $0 3.16%
Shelton, WA (FHA|USDA|VA) » 1 $505,000 $505,000 $0 3.06%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) » 2 $500,000 $250,000 $0 3.29%
KANSAS CITY, MO-KS (FHA|USDA|VA) » 1 $495,000 $495,000 $0 3.06%
Mineral Wells, TX (FHA|USDA|VA) » 1 $495,000 $495,000 $0 3.06%
LEBANON, PA (FHA|USDA|VA) » 3 $475,000 $158,333 $0 3.11%
Coos Bay, OR (FHA|USDA|VA) » 2 $470,000 $235,000 $0 3.19%
Hailey, ID (FHA|USDA|VA) » 2 $460,000 $230,000 $0 3.60%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) » 3 $455,000 $151,667 $0 3.29%
ROANOKE, VA (FHA|USDA|VA) » 1 $435,000 $435,000 $0 3.18%
DOVER, DE (FHA|USDA|VA) » 2 $430,000 $215,000 $0 3.03%
Keene, NH (FHA|USDA|VA) » 2 $430,000 $215,000 $0 3.37%
Fernley, NV (FHA|USDA|VA) » 2 $410,000 $205,000 $0 3.33%
Aberdeen, WA (FHA|USDA|VA) » 2 $400,000 $200,000 $0 3.20%
Clearlake, CA (FHA|USDA|VA) » 2 $400,000 $200,000 $0 3.65%
TULSA, OK (FHA|USDA|VA) » 3 $395,000 $131,667 $0 3.80%
YUMA, AZ (FHA|USDA|VA) » 2 $390,000 $195,000 $0 3.69%
JOHNSON CITY, TN (FHA|USDA|VA) » 2 $390,000 $195,000 $0 3.83%
WINSTON-SALEM, NC (FHA|USDA|VA) » 3 $385,000 $128,333 $0 3.53%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) » 2 $380,000 $190,000 $0 3.66%
Sevierville, TN (FHA|USDA|VA) » 2 $380,000 $190,000 $0 3.24%
WALLA WALLA, WA (FHA|USDA|VA) » 2 $380,000 $190,000 $0 3.83%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) » 3 $365,000 $121,667 $0 3.18%
Whitewater, WI (FHA|USDA|VA) » 1 $355,000 $355,000 $0 3.06%
NEW BERN, NC (FHA|USDA|VA) » 1 $355,000 $355,000 $0 3.35%
MORGANTOWN, WV (FHA|USDA|VA) » 1 $355,000 $355,000 $0 3.18%
EAST STROUDSBURG, PA (FHA|USDA|VA) » 2 $350,000 $175,000 $0 3.08%
PITTSFIELD, MA (FHA|USDA|VA) » 1 $345,000 $345,000 $0 3.22%
PANAMA CITY, FL (FHA|USDA|VA) » 2 $330,000 $165,000 $0 3.67%
YAKIMA, WA (FHA|USDA|VA) » 2 $330,000 $165,000 $0 3.55%
Jefferson, GA (FHA|USDA|VA) » 2 $320,000 $160,000 $0 3.62%
PEORIA, IL (FHA|USDA|VA) » 2 $320,000 $160,000 $0 4.67%
JACKSON, MS (FHA|USDA|VA) » 1 $305,000 $305,000 $0 3.30%
WINCHESTER, VA-WV (FHA|USDA|VA) » 2 $290,000 $145,000 $0 3.51%
Rockport, TX (FHA|USDA|VA) » 2 $290,000 $145,000 $0 3.63%
GLENS FALLS, NY (FHA|USDA|VA) » 1 $285,000 $285,000 $0 3.22%
Okeechobee, FL (FHA|USDA|VA) » 1 $285,000 $285,000 $0 4.01%
WENATCHEE, WA (FHA|USDA|VA) » 1 $275,000 $275,000 $0 4.14%
Eureka-Arcata, CA (FHA|USDA|VA) » 1 $275,000 $275,000 $0 3.21%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) » 2 $270,000 $135,000 $0 3.86%
Astoria, OR (FHA|USDA|VA) » 1 $265,000 $265,000 $0 3.31%
Cornelia, GA (FHA|USDA|VA) » 1 $265,000 $265,000 $0 3.05%
BATON ROUGE, LA (FHA|USDA|VA) » 2 $260,000 $130,000 $0 3.68%
YORK-HANOVER, PA (FHA|USDA|VA) » 2 $250,000 $125,000 $0 3.47%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) » 2 $240,000 $120,000 $0 3.03%
Ontario, OR-ID (FHA|USDA|VA) » 1 $235,000 $235,000 $0 3.06%
MISSOULA, MT (FHA|USDA|VA) » 1 $235,000 $235,000 $0 3.36%
Freeport, IL (FHA|USDA|VA) » 1 $235,000 $235,000 $0 3.32%
CLEVELAND, TN (FHA|USDA|VA) » 1 $235,000 $235,000 $0 3.14%
DAYTON-KETTERING, OH (FHA|USDA|VA) » 1 $235,000 $235,000 $0 3.18%
WICHITA, KS (FHA|USDA|VA) » 2 $220,000 $110,000 $0 3.94%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) » 1 $215,000 $215,000 $0 3.44%
MADERA, CA (FHA|USDA|VA) » 1 $215,000 $215,000 $0 3.35%
FORT WAYNE, IN (FHA|USDA|VA) » 2 $210,000 $105,000 $0 3.27%
SPRINGFIELD, MO (FHA|USDA|VA) » 1 $205,000 $205,000 $0 3.05%
Ellensburg, WA (FHA|USDA|VA) » 1 $205,000 $205,000 $0 3.31%
FAYETTEVILLE, NC (FHA|USDA|VA) » 1 $205,000 $205,000 $0 3.33%
Laconia, NH (FHA|USDA|VA) » 1 $205,000 $205,000 $0 3.51%
La Grande, OR (FHA|USDA|VA) » 1 $205,000 $205,000 $0 3.26%
MADISON, WI (FHA|USDA|VA) » 1 $205,000 $205,000 $0 3.12%
Payson, AZ (FHA|USDA|VA) » 1 $205,000 $205,000 $0 3.31%
Kerrville, TX (FHA|USDA|VA) » 1 $195,000 $195,000 $0 3.44%
Auburn, IN (FHA|USDA|VA) » 1 $195,000 $195,000 $0 3.17%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) » 1 $195,000 $195,000 $0 3.31%
Boone, NC (FHA|USDA|VA) » 1 $195,000 $195,000 $0 3.92%
Findlay, OH (FHA|USDA|VA) » 1 $185,000 $185,000 $0 3.06%
Rexburg, ID (FHA|USDA|VA) » 1 $185,000 $185,000 $0 3.00%
MANHATTAN, KS (FHA|USDA|VA) » 1 $185,000 $185,000 $0 3.18%
SHEBOYGAN, WI (FHA|USDA|VA) » 1 $185,000 $185,000 $0 3.48%
Lebanon, NH-VT (FHA|USDA|VA) » 1 $185,000 $185,000 $0 3.33%
STATE COLLEGE, PA (FHA|USDA|VA) » 1 $185,000 $185,000 $0 2.81%
TWIN FALLS, ID (FHA|USDA|VA) » 1 $185,000 $185,000 $0 3.53%
BOWLING GREEN, KY (FHA|USDA|VA) » 1 $175,000 $175,000 $0 3.73%
OKLAHOMA CITY, OK (FHA|USDA|VA) » 1 $175,000 $175,000 $0 3.31%
Montrose, CO (FHA|USDA|VA) » 1 $175,000 $175,000 $0 3.12%
Moses Lake, WA (FHA|USDA|VA) » 1 $175,000 $175,000 $0 3.06%
SHERMAN-DENISON, TX (FHA|USDA|VA) » 2 $170,000 $85,000 $0 3.64%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) » 1 $165,000 $165,000 $0 3.22%
TYLER, TX (FHA|USDA|VA) » 1 $165,000 $165,000 $0 3.44%
Picayune, MS (FHA|USDA|VA) » 1 $165,000 $165,000 $0 3.68%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) » 1 $155,000 $155,000 $0 3.79%
BILLINGS, MT (FHA|USDA|VA) » 1 $155,000 $155,000 $0 3.31%
Shelby, NC (FHA|USDA|VA) » 1 $155,000 $155,000 $0 3.18%
GAINESVILLE, FL (FHA|USDA|VA) » 1 $155,000 $155,000 $0 3.17%
Fallon, NV (FHA|USDA|VA) » 1 $155,000 $155,000 $0 3.39%
Granbury, TX (FHA|USDA|VA) » 1 $155,000 $155,000 $0 3.43%
Brainerd, MN (FHA|USDA|VA) » 1 $155,000 $155,000 $0 4.34%
Rockingham, NC (FHA|USDA|VA) » 1 $145,000 $145,000 $0 3.86%
ROCHESTER, MN (FHA|USDA|VA) » 1 $145,000 $145,000 $0 3.80%
Seneca, SC (FHA|USDA|VA) » 1 $145,000 $145,000 $0 3.44%
Shawano, WI (FHA|USDA|VA) » 1 $145,000 $145,000 $0 3.76%
HAMMOND, LA (FHA|USDA|VA) » 1 $145,000 $145,000 $0 3.23%
Show Low, AZ (FHA|USDA|VA) » 1 $145,000 $145,000 $0 3.47%
Cedar City, UT (FHA|USDA|VA) » 1 $145,000 $145,000 $0 3.51%
Andrews, TX (FHA|USDA|VA) » 1 $145,000 $145,000 $0 3.36%
Bartlesville, OK (FHA|USDA|VA) » 1 $145,000 $145,000 $0 3.64%
MONROE, MI (FHA|USDA|VA) » 1 $135,000 $135,000 $0 3.43%
Hutchinson, MN (FHA|USDA|VA) » 1 $135,000 $135,000 $0 3.47%
FARMINGTON, NM (FHA|USDA|VA) » 1 $125,000 $125,000 $0 3.18%
Port Lavaca, TX (FHA|USDA|VA) » 1 $125,000 $125,000 $0 3.35%
Hudson, NY (FHA|USDA|VA) » 1 $125,000 $125,000 $0 3.53%
GREAT FALLS, MT (FHA|USDA|VA) » 1 $125,000 $125,000 $0 3.39%
Fort Payne, AL (FHA|USDA|VA) » 1 $125,000 $125,000 $0 3.39%
EL PASO, TX (FHA|USDA|VA) » 1 $125,000 $125,000 $0 6.55%
DOTHAN, AL (FHA|USDA|VA) » 1 $125,000 $125,000 $0 3.52%
CHEYENNE, WY (FHA|USDA|VA) » 1 $125,000 $125,000 $0 3.47%
WACO, TX (FHA|USDA|VA) » 1 $125,000 $125,000 $0 3.73%
WICHITA FALLS, TX (FHA|USDA|VA) » 1 $125,000 $125,000 $0 4.13%
Batavia, NY (FHA|USDA|VA) » 1 $125,000 $125,000 $0 3.92%
ROCKY MOUNT, NC (FHA|USDA|VA) » 1 $115,000 $115,000 $0 3.33%
LAS CRUCES, NM (FHA|USDA|VA) » 1 $115,000 $115,000 $0 4.15%
Cullman, AL (FHA|USDA|VA) » 1 $115,000 $115,000 $0 3.43%
LINCOLN, NE (FHA|USDA|VA) » 1 $115,000 $115,000 $0 3.76%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) » 1 $115,000 $115,000 $0 3.64%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) » 1 $115,000 $115,000 $0 3.72%
Lake City, FL (FHA|USDA|VA) » 1 $105,000 $105,000 $0 3.44%
Cedartown, GA (FHA|USDA|VA) » 1 $105,000 $105,000 $0 3.28%
LAFAYETTE, LA (FHA|USDA|VA) » 1 $105,000 $105,000 $0 3.39%
JEFFERSON CITY, MO (FHA|USDA|VA) » 1 $95,000 $95,000 $0 3.31%
ROCKFORD, IL (FHA|USDA|VA) » 1 $95,000 $95,000 $0 3.31%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) » 1 $95,000 $95,000 $0 3.22%
ODESSA, TX (FHA|USDA|VA) » 1 $95,000 $95,000 $0 3.17%
ANN ARBOR, MI (FHA|USDA|VA) » 1 $95,000 $95,000 $0 3.39%
LAWTON, OK (FHA|USDA|VA) » 1 $85,000 $85,000 $0 4.01%
POCATELLO, ID (FHA|USDA|VA) » 1 $85,000 $85,000 $0 3.31%
BINGHAMTON, NY (FHA|USDA|VA) » 1 $85,000 $85,000 $0 3.47%
Albemarle, NC (FHA|USDA|VA) » 1 $85,000 $85,000 $0 3.47%
CANTON-MASSILLON, OH (FHA|USDA|VA) » 1 $85,000 $85,000 $0 3.43%
MOBILE, AL (FHA|USDA|VA) » 1 $75,000 $75,000 $0 4.51%
MUNCIE, IN (FHA|USDA|VA) » 1 $65,000 $65,000 $0 3.81%
El Campo, TX (FHA|USDA|VA) » 1 $65,000 $65,000 $0 3.99%

Reverse Mortgage Funding 's top markets include Los Angeles, San Francisco, San Diego, Denver, and Sacramento among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
FHA » 5,244 $1,638,140,000 $312,384 $0 3.29%
Conventional » 933 $753,535,000 $807,647 $0 3.13%

For the 2021 period, Reverse Mortgage Funding 's most frequently originated loan type of loans were FHA, with 5,244 originations. Their 2nd most popular type is Conventional, with 933 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi » 5,490 $2,164,880,000 $394,332 $0 3.26%
Home Improvement » 411 $154,535,000 $375,998 $0 3.27%
Home Purchase » 276 $72,260,000 $261,812 $0 3.37%

For the 2021, Reverse Mortgage Funding 's most frequently cited loan purpose of loans were Refi, with 5,490 originations. The 2nd most popular reason of loans were Home Improvement, with 411 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other » 6,177 $2,391,675,000 $387,190 $0 3.27%

For the 2021, Reverse Mortgage Funding 's most frequently cited loan length of loans were Other, with 6,177 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% » 4,649 $1,440,155,000 $309,777
<2.5% » 484 $381,900,000 $789,050
2.5-3% » 400 $145,580,000 $363,950
4-5% » 225 $120,645,000 $536,200
6-7% » 173 $145,245,000 $839,566
7-8% » 136 $84,320,000 $620,000
5-6% » 88 $65,740,000 $747,045
% » 22 $8,090,000 $367,727

During 2021, Reverse Mortgage Funding 's average interest rate of loans were 0.00%, while their most frequently originated rate bucket of loans were 3-4%, with 4,649 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k » 2,852 $832,700,000 $291,971 $0 3.29%
$400k-600k » 1,531 $731,125,000 $477,547 $0 3.12%
$100k-200k » 1,088 $170,270,000 $156,498 $0 3.51%
$600k-1MM » 405 $308,515,000 $761,765 $0 3.02%
$1MM+ » 202 $340,850,000 $1,687,376 $0 3.04%
$100,000 or less » 99 $8,215,000 $82,980 $0 3.64%

2021 saw Reverse Mortgage Funding place emphasis on $200k-400k loans with 2,852 originations, totaling $832,700,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k or less » 5,176 $1,872,290,000 $361,725 $0 3.26%
$50k-75k » 662 $305,010,000 $460,740 $0 3.32%
$75k-100k » 145 $69,695,000 $480,655 $0 3.31%
$100k-150k » 83 $49,815,000 $600,181 $0 3.52%
$150k-250k » 21 $13,345,000 $635,476 $0 3.19%
$250k+ » 12 $26,470,000 $2,205,833 $0 3.80%

Reverse Mortgage Funding lent most frequently to those with incomes in the $50k or less range, with 5,176 originations. The second most popular income band? $50k-75k, with 662 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White » 5,209 $1,989,895,000 $382,011 $0 3.27%
Not provided » 485 $208,715,000 $430,340 $0 3.21%
Black » 354 $127,100,000 $359,040 $0 3.37%
Asian » 94 $51,560,000 $548,511 $0 2.96%
American Indian » 21 $8,275,000 $394,048 $0 3.23%
Native Hawaiian or Islander » 6 $2,470,000 $411,667 $0 2.70%
Filipino » 3 $1,875,000 $625,000 $0 3.21%
Asian Indian » 2 $670,000 $335,000 $0 4.49%
Other Asian » 1 $525,000 $525,000 $0 3.50%
» 1 $345,000 $345,000 $0 3.14%
Japanese » 1 $245,000 $245,000 $0 3.14%

Approval Rates

Total approvals of all applications
90.95%

Reverse Mortgage Funding has an average approval rate.

Pick Rate

Approvals leading to origination
80.98%

Reverse Mortgage Funding has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 6,177 $2,391,675,000 $387,190

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
» 6,177 $2,391,675,000 $387,190

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% » 154 $91,710,000 $595,519 $0 3.79%
40-60% » 4,013 $1,519,105,000 $378,546 $0 3.31%
60-80% » 2,004 $777,790,000 $388,119 $0 3.14%
Under 20% » 6 $3,070,000 $511,667 $0 3.34%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
REVERSE MORTGAGE INVESTMENT TR Conventional home mortgage Closing on a mortgage 1 4.3%
REVERSE MORTGAGE INVESTMENT TR Conventional home mortgage Trouble during payment process 1 4.3%
REVERSE MORTGAGE INVESTMENT TR Reverse mortgage Applying for a mortgage or refinancing an existing mortgage 4 17.4%
REVERSE MORTGAGE INVESTMENT TR Reverse mortgage Closing on a mortgage 5 21.7%
REVERSE MORTGAGE INVESTMENT TR Reverse mortgage Struggling to pay mortgage 4 17.4%
REVERSE MORTGAGE INVESTMENT TR Reverse mortgage Trouble during payment process 8 34.8%