Reverse Mortgage Funding Rates, Fees & Info

WILMINGTON, DE

LEI: 5493001FXF3J5C0QWQ87

Tax ID: 80-0860209

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Reverse Mortgage Funding is a small mortgage company specializing in loans. They have a a high proportion of FHA loans. They have an average proportion of FHA 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 the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 1/29/23
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    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%
    Cañon 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.

    Their top states include:
  • California (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 4,364 $1,359,030,000 $311,418 $0 3.31%
    FHA 880 $279,110,000 $317,170 $0 3.19%
    HELOC 481 $380,895,000 $791,881 n/a 0.00%
    Reverse Mortgage 452 $372,640,000 $824,425 $0 6.45%

    For 2021, Reverse Mortgage Funding's most frequently originated type of loan was FHA, with 4,364 originations. Their 2nd most popular type was FHA, with 880 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Reverse Mortgage Funding's most frequently cited loan purpose was Refi, with 5,490 originations. The 2nd most popular reason was 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 2021, Reverse Mortgage Funding's most frequently cited loan duration was 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 for loans was 0.00%, while their most frequently originated rate bucket for loans was 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%