Reverse Mortgage Funding Rates, Fees & Info

WILMINGTON, DE

LEI: 5493001FXF3J5C0QWQ87

Tax ID: 80-0860209

2020 Data | 2019 Data | 2018 Data


Overview

Reverse Mortgage Funding is a small mortgage company specializing in Refi loans. Reverse Mortgage Funding has They have a a high proportion of FHA loans. an average proportion of conventional loans. Their top markets include Los Angeles, San Diego, Anaheim, Denver, and Sacramento among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors.


Originations

4,587

Origination Dollar Volume (All Markets)

$1,365,055,000

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
LOS ANGELES-LONG BEACH-GLENDALE, CA (FHA|USDA|VA) 358 $153,930,000 $429,972 $0 3.30%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 238 $98,930,000 $415,672 $0 2.98%
ANAHEIM-SANTA ANA-IRVINE, CA (FHA|USDA|VA) 168 $85,140,000 $506,786 $0 3.34%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 225 $63,645,000 $282,867 $0 2.84%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 157 $52,465,000 $334,172 $0 2.83%
Outside of Metro Areas 254 $52,010,000 $204,764 $0 2.92%
SEATTLE-BELLEVUE-KENT, WA (FHA|USDA|VA) 117 $46,915,000 $400,983 $0 3.13%
SALT LAKE CITY, UT (FHA|USDA|VA) 159 $39,415,000 $247,893 $0 2.81%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 146 $39,030,000 $267,329 $0 2.90%
OAKLAND-BERKELEY-LIVERMORE, CA (FHA|USDA|VA) 82 $37,770,000 $460,610 $0 3.49%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 52 $31,890,000 $613,269 $0 3.97%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 131 $31,675,000 $241,794 $0 2.94%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA (FHA|USDA|VA) 41 $27,085,000 $660,610 $0 4.14%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 85 $22,335,000 $262,765 $0 2.85%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA (FHA|USDA|VA) 62 $20,680,000 $333,548 $0 3.08%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV (FHA|USDA|VA) 64 $19,200,000 $300,000 $0 3.12%
PROVO-OREM, UT (FHA|USDA|VA) 66 $18,390,000 $278,636 $0 2.82%
SAN RAFAEL, CA (FHA|USDA|VA) 24 $17,560,000 $731,667 $0 3.87%
BOSTON, MA (FHA|USDA|VA) 51 $16,405,000 $321,667 $0 3.09%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 85 $16,265,000 $191,353 $0 2.94%
TACOMA-LAKEWOOD, WA (FHA|USDA|VA) 54 $15,960,000 $295,556 $0 2.93%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 37 $14,435,000 $390,135 $0 3.19%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 32 $13,470,000 $420,938 $0 2.93%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 52 $11,750,000 $225,962 $0 2.97%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 40 $11,250,000 $281,250 $0 2.96%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 52 $11,140,000 $214,231 $0 3.09%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 48 $10,950,000 $228,125 $0 2.83%
BOULDER, CO (FHA|USDA|VA) 31 $10,035,000 $323,710 $0 3.03%
COLORADO SPRINGS, CO (FHA|USDA|VA) 42 $9,210,000 $219,286 $0 2.96%
MIAMI-MIAMI BEACH-KENDALL, FL (FHA|USDA|VA) 39 $9,165,000 $235,000 $0 3.24%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL (FHA|USDA|VA) 36 $8,970,000 $249,167 $0 3.20%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 51 $8,855,000 $173,627 $0 3.11%
DALLAS-PLANO-IRVING, TX (FHA|USDA|VA) 35 $8,625,000 $246,429 $0 3.16%
MEDFORD, OR (FHA|USDA|VA) 34 $8,440,000 $248,235 $0 2.93%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 37 $7,745,000 $209,324 $0 2.91%
NASSAU COUNTY-SUFFOLK COUNTY, NY (FHA|USDA|VA) 23 $7,595,000 $330,217 $0 2.54%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ (FHA|USDA|VA) 21 $7,545,000 $359,286 $0 3.26%
ST. GEORGE, UT (FHA|USDA|VA) 29 $7,535,000 $259,828 $0 2.91%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 32 $7,510,000 $234,688 $0 2.99%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 39 $6,695,000 $171,667 $0 3.24%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD (FHA|USDA|VA) 18 $6,380,000 $354,444 $0 2.82%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL (FHA|USDA|VA) 29 $6,055,000 $208,793 $0 3.02%
VALLEJO, CA (FHA|USDA|VA) 19 $6,055,000 $318,684 $0 3.09%
NORTH PORT-SARASOTA-BRADENTON, FL (FHA|USDA|VA) 27 $6,015,000 $222,778 $0 3.20%
JACKSONVILLE, FL (FHA|USDA|VA) 28 $5,770,000 $206,071 $0 3.07%
FORT COLLINS, CO (FHA|USDA|VA) 17 $5,515,000 $324,412 $0 3.19%
SALINAS, CA (FHA|USDA|VA) 10 $5,450,000 $545,000 $0 3.91%
GREELEY, CO (FHA|USDA|VA) 22 $5,400,000 $245,455 $0 3.04%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 31 $5,325,000 $171,774 $0 2.82%
NEW BRUNSWICK-LAKEWOOD, NJ (FHA|USDA|VA) 17 $5,215,000 $306,765 $0 3.43%
TUCSON, AZ (FHA|USDA|VA) 22 $5,180,000 $235,455 $0 2.82%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 22 $4,920,000 $223,636 $0 3.02%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 14 $4,890,000 $349,286 $0 3.35%
CHICAGO-NAPERVILLE-EVANSTON, IL (FHA|USDA|VA) 22 $4,850,000 $220,455 $0 4.33%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 11 $4,665,000 $424,091 $0 3.34%
FORT WORTH-ARLINGTON-GRAPEVINE, TX (FHA|USDA|VA) 28 $4,440,000 $158,571 $0 2.97%
COEUR D'ALENE, ID (FHA|USDA|VA) 22 $4,390,000 $199,545 $0 2.68%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 14 $4,220,000 $301,429 $0 2.69%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 25 $4,115,000 $164,600 $0 2.91%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 12 $4,070,000 $339,167 $0 2.66%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA (FHA|USDA|VA) 15 $4,015,000 $267,667 $0 3.11%
COLUMBUS, OH (FHA|USDA|VA) 19 $3,935,000 $207,105 $0 3.13%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 19 $3,875,000 $203,947 $0 3.43%
WORCESTER, MA-CT (FHA|USDA|VA) 18 $3,770,000 $209,444 $0 2.90%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 19 $3,665,000 $192,895 $0 3.02%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 19 $3,505,000 $184,474 $0 2.97%
BEND, OR (FHA|USDA|VA) 12 $3,440,000 $286,667 $0 2.79%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 6 $3,410,000 $568,333 $0 3.40%
SALEM, OR (FHA|USDA|VA) 18 $3,340,000 $185,556 $0 3.12%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 12 $3,310,000 $275,833 $0 2.81%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 11 $3,305,000 $300,455 $0 2.93%
THE VILLAGES, FL (FHA|USDA|VA) 14 $3,280,000 $234,286 $0 3.06%
BOISE CITY, ID (FHA|USDA|VA) 15 $3,195,000 $213,000 $0 2.74%
PORT ST. LUCIE, FL (FHA|USDA|VA) 16 $3,000,000 $187,500 $0 2.98%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 11 $2,905,000 $264,091 $0 2.90%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 6 $2,820,000 $470,000 $0 3.57%
RICHMOND, VA (FHA|USDA|VA) 14 $2,720,000 $194,286 $0 3.24%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 11 $2,625,000 $238,636 $0 3.26%
RENO, NV (FHA|USDA|VA) 6 $2,430,000 $405,000 $0 3.24%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 9 $2,365,000 $262,778 $0 2.86%
OCALA, FL (FHA|USDA|VA) 18 $2,330,000 $129,444 $0 3.21%
NEWARK, NJ-PA (FHA|USDA|VA) 9 $2,315,000 $257,222 $0 2.96%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 13 $2,285,000 $175,769 $0 3.07%
ALBUQUERQUE, NM (FHA|USDA|VA) 13 $2,235,000 $171,923 $0 3.09%
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH (FHA|USDA|VA) 11 $2,225,000 $202,273 $0 2.63%
SEBASTIAN-VERO BEACH, FL (FHA|USDA|VA) 12 $2,210,000 $184,167 $0 2.97%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 11 $2,205,000 $200,455 $0 2.81%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 11 $2,195,000 $199,545 $0 2.71%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 8 $2,130,000 $266,250 $0 3.12%
PHILADELPHIA, PA (FHA|USDA|VA) 11 $2,115,000 $192,273 $0 2.93%
NAPA, CA (FHA|USDA|VA) 5 $2,105,000 $421,000 $0 2.63%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 7 $2,085,000 $297,857 $0 4.66%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 11 $1,995,000 $181,364 $0 2.87%
STOCKTON, CA (FHA|USDA|VA) 8 $1,970,000 $246,250 $0 3.22%
PITTSBURGH, PA (FHA|USDA|VA) 13 $1,945,000 $149,615 $0 3.70%
RALEIGH-CARY, NC (FHA|USDA|VA) 11 $1,915,000 $174,091 $0 3.12%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 6 $1,890,000 $315,000 $0 3.48%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 7 $1,865,000 $266,429 $0 2.72%
MODESTO, CA (FHA|USDA|VA) 9 $1,685,000 $187,222 $0 2.85%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 11 $1,675,000 $152,273 $0 3.79%
SPRINGFIELD, MA (FHA|USDA|VA) 10 $1,660,000 $166,000 $0 2.75%
PUNTA GORDA, FL (FHA|USDA|VA) 7 $1,635,000 $233,571 $0 2.75%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 10 $1,630,000 $163,000 $0 3.18%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 10 $1,510,000 $151,000 $0 3.05%
LONGVIEW, WA (FHA|USDA|VA) 7 $1,425,000 $203,571 $0 3.06%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 9 $1,385,000 $153,889 $0 2.64%
BELLINGHAM, WA (FHA|USDA|VA) 5 $1,345,000 $269,000 $0 2.63%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $1,245,000 $415,000 $0 2.54%
SANTA FE, NM (FHA|USDA|VA) 3 $1,235,000 $411,667 $0 3.73%
FRESNO, CA (FHA|USDA|VA) 7 $1,215,000 $173,571 $0 3.37%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 8 $1,140,000 $142,500 $0 2.97%
YUBA CITY, CA (FHA|USDA|VA) 4 $1,120,000 $280,000 $0 2.57%
VISALIA, CA (FHA|USDA|VA) 5 $1,105,000 $221,000 $0 3.03%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 5 $1,105,000 $221,000 $0 2.98%
LAKE COUNTY-KENOSHA COUNTY, IL-WI (FHA|USDA|VA) 5 $1,075,000 $215,000 $0 2.89%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 10 $1,030,000 $103,000 $0 3.20%
PITTSFIELD, MA (FHA|USDA|VA) 4 $1,010,000 $252,500 $0 2.59%
WILMINGTON, NC (FHA|USDA|VA) 4 $1,010,000 $252,500 $0 2.75%
GRANTS PASS, OR (FHA|USDA|VA) 4 $1,000,000 $250,000 $0 2.39%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $995,000 $331,667 $0 4.09%
CAMDEN, NJ (FHA|USDA|VA) 6 $990,000 $165,000 $0 3.07%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 6 $960,000 $160,000 $0 2.66%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 3 $955,000 $318,333 $0 2.42%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 4 $950,000 $237,500 $0 2.78%
PUEBLO, CO (FHA|USDA|VA) 7 $935,000 $133,571 $0 3.06%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 5 $925,000 $185,000 $0 3.24%
REDDING, CA (FHA|USDA|VA) 3 $895,000 $298,333 $0 2.97%
GAINESVILLE, GA (FHA|USDA|VA) 3 $875,000 $291,667 $0 2.74%
ASHEVILLE, NC (FHA|USDA|VA) 4 $850,000 $212,500 $0 2.56%
ST. LOUIS, MO-IL (FHA|USDA|VA) 5 $845,000 $169,000 $0 3.01%
HUNTSVILLE, AL (FHA|USDA|VA) 5 $785,000 $157,000 $0 2.92%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $775,000 $258,333 $0 2.77%
MADISON, WI (FHA|USDA|VA) 2 $770,000 $385,000 $0 2.72%
WENATCHEE, WA (FHA|USDA|VA) 3 $765,000 $255,000 $0 3.39%
LANCASTER, PA (FHA|USDA|VA) 4 $760,000 $190,000 $0 3.05%
CHICO, CA (FHA|USDA|VA) 2 $760,000 $380,000 $0 2.50%
HOT SPRINGS, AR (FHA|USDA|VA) 3 $745,000 $248,333 $0 2.24%
SAVANNAH, GA (FHA|USDA|VA) 3 $735,000 $245,000 $0 2.61%
WARREN-TROY-FARMINGTON HILLS, MI (FHA|USDA|VA) 4 $730,000 $182,500 $0 2.61%
ALBANY-LEBANON, OR (FHA|USDA|VA) 4 $720,000 $180,000 $0 3.15%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 4 $720,000 $180,000 $0 3.24%
COLUMBIA, SC (FHA|USDA|VA) 5 $685,000 $137,000 $0 2.83%
EL PASO, TX (FHA|USDA|VA) 5 $685,000 $137,000 $0 3.33%
WILMINGTON, DE-MD-NJ (FHA|USDA|VA) 4 $680,000 $170,000 $0 3.00%
IDAHO FALLS, ID (FHA|USDA|VA) 4 $680,000 $170,000 $0 2.22%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 5 $675,000 $135,000 $0 2.84%
SALISBURY, MD-DE (FHA|USDA|VA) 4 $660,000 $165,000 $0 2.79%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $640,000 $320,000 $0 2.34%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 3 $625,000 $208,333 $0 2.82%
MADERA, CA (FHA|USDA|VA) 3 $595,000 $198,333 $0 4.23%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 4 $570,000 $142,500 $0 2.33%
STAUNTON, VA (FHA|USDA|VA) 3 $565,000 $188,333 $0 3.39%
LAS CRUCES, NM (FHA|USDA|VA) 2 $550,000 $275,000 $0 3.09%
LEBANON, PA (FHA|USDA|VA) 3 $545,000 $181,667 $0 2.86%
LOGAN, UT-ID (FHA|USDA|VA) 3 $535,000 $178,333 $0 2.84%
GRAND JUNCTION, CO (FHA|USDA|VA) 3 $525,000 $175,000 $0 3.80%
GAINESVILLE, FL (FHA|USDA|VA) 4 $520,000 $130,000 $0 2.96%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $510,000 $255,000 $0 3.93%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 3 $495,000 $165,000 $0 2.71%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 3 $485,000 $161,667 $0 3.30%
WINSTON-SALEM, NC (FHA|USDA|VA) 3 $485,000 $161,667 $0 3.49%
BURLINGTON, NC (FHA|USDA|VA) 4 $460,000 $115,000 $0 3.01%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $455,000 $455,000 $0 2.59%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $445,000 $445,000 $0 2.94%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 3 $405,000 $135,000 $0 4.38%
YAKIMA, WA (FHA|USDA|VA) 2 $400,000 $200,000 $0 2.98%
BAKERSFIELD, CA (FHA|USDA|VA) 3 $395,000 $131,667 $0 3.01%
CORPUS CHRISTI, TX (FHA|USDA|VA) 4 $390,000 $97,500 $0 3.20%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 4 $380,000 $95,000 $0 3.22%
CORVALLIS, OR (FHA|USDA|VA) 2 $360,000 $180,000 $0 2.65%
ROCHESTER, NY (FHA|USDA|VA) 3 $355,000 $118,333 $0 2.84%
KNOXVILLE, TN (FHA|USDA|VA) 2 $340,000 $170,000 $0 2.45%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $335,000 $335,000 $0 2.51%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $335,000 $335,000 $0 2.36%
ELGIN, IL (FHA|USDA|VA) 2 $320,000 $160,000 $0 2.55%
ROANOKE, VA (FHA|USDA|VA) 1 $295,000 $295,000 $0 3.56%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 3 $295,000 $98,333 $0 4.20%
SHERMAN-DENISON, TX (FHA|USDA|VA) 2 $290,000 $145,000 $0 3.21%
DULUTH, MN-WI (FHA|USDA|VA) 1 $285,000 $285,000 $0 2.84%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $280,000 $140,000 $0 2.76%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 2 $280,000 $140,000 $0 2.86%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $275,000 $275,000 $0 2.59%
WALLA WALLA, WA (FHA|USDA|VA) 1 $275,000 $275,000 $0 3.01%
OCEAN CITY, NJ (FHA|USDA|VA) 2 $270,000 $135,000 $0 4.19%
LAFAYETTE, LA (FHA|USDA|VA) 1 $265,000 $265,000 $0 2.64%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $265,000 $265,000 $0 3.29%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $265,000 $265,000 $0 3.71%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $260,000 $130,000 $0 2.66%
YORK-HANOVER, PA (FHA|USDA|VA) 2 $260,000 $130,000 $0 2.59%
GARY, IN (FHA|USDA|VA) 2 $250,000 $125,000 $0 3.19%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $245,000 $245,000 $0 3.56%
APPLETON, WI (FHA|USDA|VA) 2 $240,000 $120,000 $0 3.83%
GLENS FALLS, NY (FHA|USDA|VA) 1 $235,000 $235,000 $0 2.88%
AMARILLO, TX (FHA|USDA|VA) 1 $235,000 $235,000 $0 2.85%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $235,000 $235,000 $0 3.05%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 3 $225,000 $75,000 $0 2.64%
GREAT FALLS, MT (FHA|USDA|VA) 2 $220,000 $110,000 $0 2.72%
CARSON CITY, NV (FHA|USDA|VA) 1 $215,000 $215,000 $0 4.99%
ANN ARBOR, MI (FHA|USDA|VA) 1 $215,000 $215,000 $0 2.58%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $205,000 $205,000 $0 3.56%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $195,000 $195,000 $0 2.73%
WICHITA, KS (FHA|USDA|VA) 1 $195,000 $195,000 $0 2.95%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $195,000 $195,000 $0 2.72%
MERCED, CA (FHA|USDA|VA) 1 $195,000 $195,000 $0 3.97%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $195,000 $195,000 $0 3.75%
EL CENTRO, CA (FHA|USDA|VA) 1 $185,000 $185,000 $0 2.86%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $185,000 $185,000 $0 2.65%
BILLINGS, MT (FHA|USDA|VA) 1 $185,000 $185,000 $0 3.68%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $150,000 $75,000 $0 4.34%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $145,000 $145,000 $0 2.87%
MONTGOMERY, AL (FHA|USDA|VA) 1 $145,000 $145,000 $0 3.31%
YUMA, AZ (FHA|USDA|VA) 1 $145,000 $145,000 $0 2.71%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $145,000 $145,000 $0 2.71%
BATON ROUGE, LA (FHA|USDA|VA) 1 $145,000 $145,000 $0 2.59%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $135,000 $135,000 $0 2.47%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.80%
FLINT, MI (FHA|USDA|VA) 1 $125,000 $125,000 $0 2.74%
TWIN FALLS, ID (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.00%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $125,000 $125,000 $0 2.60%
HARRISONBURG, VA (FHA|USDA|VA) 1 $115,000 $115,000 $0 2.84%
HAMMOND, LA (FHA|USDA|VA) 1 $115,000 $115,000 $0 3.23%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.93%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.67%
MORRISTOWN, TN (FHA|USDA|VA) 1 $105,000 $105,000 $0 2.63%
AKRON, OH (FHA|USDA|VA) 1 $95,000 $95,000 $0 7.13%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $95,000 $95,000 $0 2.85%
READING, PA (FHA|USDA|VA) 1 $95,000 $95,000 $0 2.69%
MIDLAND, TX (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.80%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $85,000 $85,000 $0 2.61%
RACINE, WI (FHA|USDA|VA) 1 $85,000 $85,000 $0 2.71%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $85,000 $85,000 $0 3.88%
DETROIT-DEARBORN-LIVONIA, MI (FHA|USDA|VA) 1 $75,000 $75,000 $0 2.98%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.56%
DANVILLE, IL (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.61%
ALTOONA, PA (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.42%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $55,000 $55,000 $0 2.97%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.56%
LYNCHBURG, VA (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.43%

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

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
FHA 4,321 $1,191,895,000 $275,838 $0 2.85%
Conventional 266 $173,160,000 $650,977 $0 6.56%

For the 2020 period, Reverse Mortgage Funding 's most frequently originated loan type of loans were FHA, with 4,321 originations. Their 2nd most popular type is Conventional, with 266 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 3,999 $1,223,325,000 $305,908 $0 3.06%
Home Purchase 301 $67,725,000 $225,000 $0 3.02%
Home Improvement 287 $74,005,000 $257,857 $0 3.13%

For the 2020, Reverse Mortgage Funding 's most frequently cited loan purpose of loans were Refi, with 3,999 originations. The 2nd most popular reason of loans were Home Purchase, with 301 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 4,587 $1,365,055,000 $297,592 $0 3.06%

For the 2020, Reverse Mortgage Funding 's most frequently cited loan length of loans were Other, with 4,587 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 2,232 $598,980,000 $268,360
3-4% 1,069 $282,315,000 $264,093
<2.5% 918 $288,870,000 $314,673
7-8% 104 $66,310,000 $637,596
4-5% 97 $29,575,000 $304,897
6-7% 78 $45,420,000 $582,308
5-6% 68 $46,340,000 $681,471
Over 8% 4 $2,170,000 $542,500

During 2020, Reverse Mortgage Funding 's average interest rate of loans were 0.00%, while their most frequently originated rate bucket of loans were 2.5-3%, with 2,232 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 1,996 $576,600,000 $288,878 $0 2.89%
$100k-200k 1,294 $201,620,000 $155,811 $0 3.05%
$400k-600k 963 $443,395,000 $460,431 $0 2.97%
$100,000 or less 212 $17,150,000 $80,896 $0 3.32%
$600k-1MM 81 $61,695,000 $761,667 $0 6.41%
$1MM+ 41 $64,595,000 $1,575,488 $0 6.45%

2020 saw Reverse Mortgage Funding place emphasis on $200k-400k loans with 1,996 originations, totaling $576,600,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k or less 3,848 $1,099,510,000 $285,735 $0 3.05%
$50k-75k 514 $178,920,000 $348,093 $0 3.05%
$75k-100k 124 $44,790,000 $361,210 $0 3.28%
$100k-150k 70 $23,250,000 $332,143 $0 3.27%
$150k-250k 28 $15,330,000 $547,500 $0 3.75%
$250k+ 3 $3,255,000 $1,085,000 $0 4.56%

Reverse Mortgage Funding lent most frequently to those with incomes in the $50k or less range, with 3,848 originations. The second most popular income band? $50k-75k, with 514 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 3,664 $1,068,090,000 $291,509 $0 3.06%
Not provided 648 $217,270,000 $335,293 $0 3.05%
Black 222 $61,190,000 $275,631 $0 3.09%
Asian 40 $15,400,000 $385,000 $0 3.41%
American Indian 9 $2,355,000 $261,667 $0 2.79%
Native Hawaiian 4 $750,000 $187,500 $0 2.62%

Approval Rates

Total approvals of all applications
93.67%

Reverse Mortgage Funding has an average approval rate.

Pick Rate

Approvals leading to origination
76.48%

Reverse Mortgage Funding has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 4,587 $1,365,055,000 $297,592

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 84 $13,410,000 $159,643
Single Family (1-4 Units):Site-Built 4,503 $1,351,645,000 $300,165

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 142 $65,190,000 $459,085 $0 3.72%
40-60% 2,847 $832,645,000 $292,464 $0 3.17%
60-80% 1,587 $463,405,000 $292,001 $0 2.82%
80-100% 1 $85,000 $85,000 $0 2.82%
Under 20% 10 $3,730,000 $373,000 $0 3.23%