Reverse Mortgage Funding Rates, Fees & Info

WILMINGTON, DE

LEI: 5493001FXF3J5C0QWQ87

Tax ID: 80-0860209

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Reverse Mortgage Funding is a smaller mortgage company specializing in Refi 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, Boston, and Sacramento among others. We have data for 262 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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    Originations

    1,972

    Origination Dollar Volume (All Markets)

    $435,710,000

    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) 138 $54,780,000 $396,957 $0 5.14%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 87 $40,505,000 $465,575 $0 5.48%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 87 $34,825,000 $400,287 $0 5.17%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 89 $22,465,000 $252,416 $0 4.98%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 71 $16,905,000 $238,099 $0 4.77%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 75 $15,815,000 $210,867 $0 4.67%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 25 $13,205,000 $528,200 $0 5.66%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 33 $10,385,000 $314,697 $0 4.68%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 39 $9,475,000 $242,949 $0 4.98%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 44 $8,680,000 $197,273 $0 4.81%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 38 $8,570,000 $225,526 $0 5.02%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 32 $8,530,000 $266,563 $0 4.79%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 35 $7,805,000 $223,000 $0 4.76%
    SALT LAKE CITY, UT (FHA|USDA|VA) 35 $6,865,000 $196,143 $0 4.27%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 48 $6,810,000 $141,875 $0 5.09%
    Outside of Metro Areas 52 $6,130,000 $117,885 $0 5.00%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 33 $5,565,000 $168,636 $0 4.78%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 25 $5,235,000 $209,400 $0 4.96%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 39 $4,975,000 $127,564 $0 4.91%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 17 $4,435,000 $260,882 $0 4.84%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 31 $3,975,000 $128,226 $0 4.72%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 22 $3,950,000 $179,545 $0 4.79%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 28 $3,870,000 $138,214 $0 4.93%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 23 $3,625,000 $157,609 $0 4.75%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 20 $3,040,000 $152,000 $0 5.21%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 18 $2,870,000 $159,444 $0 4.87%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 11 $2,825,000 $256,818 $0 4.90%
    BOULDER, CO (FHA|USDA|VA) 11 $2,695,000 $245,000 $0 4.65%
    PROVO-OREM, UT (FHA|USDA|VA) 12 $2,690,000 $224,167 $0 4.40%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 15 $2,655,000 $177,000 $0 4.76%
    JACKSONVILLE, FL (FHA|USDA|VA) 16 $2,530,000 $158,125 $0 5.12%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 15 $2,495,000 $166,333 $0 4.94%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 16 $2,490,000 $155,625 $0 5.01%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 15 $2,455,000 $163,667 $0 5.00%
    ALBUQUERQUE, NM (FHA|USDA|VA) 19 $2,185,000 $115,000 $0 4.73%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 15 $2,175,000 $145,000 $0 4.84%
    RENO, NV (FHA|USDA|VA) 11 $2,165,000 $196,818 $0 4.71%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 10 $2,040,000 $204,000 $0 4.51%
    Helena, MT (FHA|USDA|VA) 13 $2,025,000 $155,769 $0 4.86%
    FORT COLLINS, CO (FHA|USDA|VA) 10 $1,980,000 $198,000 $0 4.46%
    OCEAN CITY, NJ (FHA|USDA|VA) 6 $1,950,000 $325,000 $0 5.38%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 7 $1,925,000 $275,000 $0 4.67%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 5 $1,905,000 $381,000 $0 4.83%
    PITTSBURGH, PA (FHA|USDA|VA) 10 $1,880,000 $188,000 $0 4.47%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 15 $1,875,000 $125,000 $0 5.37%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 13 $1,805,000 $138,846 $0 4.67%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 11 $1,745,000 $158,636 $0 4.64%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 12 $1,570,000 $130,833 $0 5.16%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 10 $1,560,000 $156,000 $0 5.30%
    SALISBURY, MD-DE (FHA|USDA|VA) 12 $1,500,000 $125,000 $0 4.88%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 11 $1,475,000 $134,091 $0 5.28%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 13 $1,435,000 $110,385 $0 5.04%
    PUNTA GORDA, FL (FHA|USDA|VA) 12 $1,430,000 $119,167 $0 4.34%
    LANCASTER, PA (FHA|USDA|VA) 8 $1,410,000 $176,250 $0 4.73%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 10 $1,340,000 $134,000 $0 5.16%
    WORCESTER, MA-CT (FHA|USDA|VA) 11 $1,285,000 $116,818 $0 5.37%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 7 $1,235,000 $176,429 $0 4.62%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 4 $1,210,000 $302,500 $0 4.59%
    BELLINGHAM, WA (FHA|USDA|VA) 5 $1,155,000 $231,000 $0 5.05%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 6 $1,100,000 $183,333 $0 4.62%
    SPRINGFIELD, MA (FHA|USDA|VA) 8 $1,060,000 $132,500 $0 5.00%
    MEDFORD, OR (FHA|USDA|VA) 6 $1,050,000 $175,000 $0 4.75%
    NAPA, CA (FHA|USDA|VA) 3 $1,045,000 $348,333 $0 5.61%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $1,040,000 $520,000 $0 5.67%
    MODESTO, CA (FHA|USDA|VA) 6 $1,000,000 $166,667 $0 5.06%
    RICHMOND, VA (FHA|USDA|VA) 7 $955,000 $136,429 $0 4.98%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 8 $910,000 $113,750 $0 4.97%
    Traverse City, MI (FHA|USDA|VA) 4 $910,000 $227,500 $0 4.98%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 5 $905,000 $181,000 $0 4.49%
    Lebanon, NH-VT (FHA|USDA|VA) 5 $885,000 $177,000 $0 5.13%
    SALINAS, CA (FHA|USDA|VA) 3 $865,000 $288,333 $0 5.51%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $850,000 $212,500 $0 5.32%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 9 $835,000 $92,778 $0 4.57%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 5 $835,000 $167,000 $0 4.56%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 3 $785,000 $261,667 $0 4.54%
    GREELEY, CO (FHA|USDA|VA) 5 $775,000 $155,000 $0 4.69%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $770,000 $385,000 $0 6.49%
    BEND, OR (FHA|USDA|VA) 4 $760,000 $190,000 $0 5.99%
    Kill Devil Hills, NC (FHA|USDA|VA) 4 $750,000 $187,500 $0 5.17%
    YUBA CITY, CA (FHA|USDA|VA) 6 $740,000 $123,333 $0 4.76%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 4 $730,000 $182,500 $0 4.68%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 4 $730,000 $182,500 $0 4.55%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 4 $730,000 $182,500 $0 4.49%
    EL PASO, TX (FHA|USDA|VA) 10 $720,000 $72,000 $0 5.30%
    GRANTS PASS, OR (FHA|USDA|VA) 3 $685,000 $228,333 $0 5.33%
    OCALA, FL (FHA|USDA|VA) 6 $680,000 $113,333 $0 5.16%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 3 $645,000 $215,000 $0 5.34%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 5 $625,000 $125,000 $0 4.54%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 4 $610,000 $152,500 $0 4.79%
    FRESNO, CA (FHA|USDA|VA) 3 $575,000 $191,667 $0 4.70%
    ST. GEORGE, UT (FHA|USDA|VA) 3 $565,000 $188,333 $0 4.48%
    STAUNTON, VA (FHA|USDA|VA) 4 $560,000 $140,000 $0 5.21%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 6 $550,000 $91,667 $0 4.93%
    KNOXVILLE, TN (FHA|USDA|VA) 3 $525,000 $175,000 $0 5.30%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 3 $515,000 $171,667 $0 4.66%
    Gardnerville Ranchos, NV (FHA|USDA|VA) 2 $510,000 $255,000 $0 5.81%
    WILMINGTON, NC (FHA|USDA|VA) 3 $495,000 $165,000 $0 5.14%
    Outside of Metro Areas 2 $490,000 $245,000 $0 4.40%
    Taos, NM (FHA|USDA|VA) 2 $480,000 $240,000 $0 4.93%
    REDDING, CA (FHA|USDA|VA) 3 $455,000 $151,667 $0 4.72%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 3 $455,000 $151,667 $0 4.48%
    CHICO, CA (FHA|USDA|VA) 2 $440,000 $220,000 $0 5.13%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $435,000 $145,000 $0 5.18%
    GREEN BAY, WI (FHA|USDA|VA) 4 $430,000 $107,500 $0 4.76%
    PUEBLO, CO (FHA|USDA|VA) 2 $430,000 $215,000 $0 4.64%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 3 $425,000 $141,667 $0 5.01%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 3 $415,000 $138,333 $0 5.74%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 5 $415,000 $83,000 $0 4.71%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $415,000 $138,333 $0 4.55%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $400,000 $200,000 $0 4.98%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $395,000 $131,667 $0 4.84%
    Shelby, NC (FHA|USDA|VA) 3 $395,000 $131,667 $0 4.50%
    Española, NM (FHA|USDA|VA) 2 $390,000 $195,000 $0 4.55%
    TUCSON, AZ (FHA|USDA|VA) 4 $390,000 $97,500 $0 4.86%
    STOCKTON, CA (FHA|USDA|VA) 1 $385,000 $385,000 $0 5.08%
    VALLEJO, CA (FHA|USDA|VA) 1 $385,000 $385,000 $0 3.99%
    LOGAN, UT-ID (FHA|USDA|VA) 2 $380,000 $190,000 $0 4.17%
    Clearlake, CA (FHA|USDA|VA) 2 $380,000 $190,000 $0 4.61%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 3 $375,000 $125,000 $0 5.83%
    COLUMBIA, SC (FHA|USDA|VA) 3 $375,000 $125,000 $0 5.29%
    TULSA, OK (FHA|USDA|VA) 2 $370,000 $185,000 $0 4.84%
    SANTA FE, NM (FHA|USDA|VA) 1 $365,000 $365,000 $0 5.00%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $360,000 $180,000 $0 4.95%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 2 $360,000 $180,000 $0 4.70%
    Kalispell, MT (FHA|USDA|VA) 2 $350,000 $175,000 $0 5.05%
    FLAGSTAFF, AZ (FHA|USDA|VA) 2 $350,000 $175,000 $0 4.55%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $345,000 $345,000 $0 4.85%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 4 $340,000 $85,000 $0 4.64%
    LEBANON, PA (FHA|USDA|VA) 4 $330,000 $82,500 $0 5.23%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $330,000 $165,000 $0 4.99%
    Bozeman, MT (FHA|USDA|VA) 1 $325,000 $325,000 $0 4.70%
    MONROE, LA (FHA|USDA|VA) 1 $305,000 $305,000 $0 4.65%
    Sonora, CA (FHA|USDA|VA) 2 $290,000 $145,000 $0 6.00%
    Key West, FL (FHA|USDA|VA) 1 $285,000 $285,000 $0 4.64%
    READING, PA (FHA|USDA|VA) 3 $285,000 $95,000 $0 4.77%
    Cañon City, CO (FHA|USDA|VA) 1 $285,000 $285,000 $0 4.42%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $285,000 $285,000 $0 5.02%
    Laconia, NH (FHA|USDA|VA) 2 $280,000 $140,000 $0 5.31%
    YORK-HANOVER, PA (FHA|USDA|VA) 3 $265,000 $88,333 $0 5.63%
    BURLINGTON, NC (FHA|USDA|VA) 3 $255,000 $85,000 $0 5.29%
    Ellensburg, WA (FHA|USDA|VA) 1 $255,000 $255,000 $0 5.11%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $250,000 $125,000 $0 4.68%
    Concord, NH (FHA|USDA|VA) 1 $245,000 $245,000 $0 7.22%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $245,000 $245,000 $0 4.80%
    Sandpoint, ID (FHA|USDA|VA) 2 $240,000 $120,000 $0 6.61%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $230,000 $115,000 $0 5.60%
    Easton, MD (FHA|USDA|VA) 1 $225,000 $225,000 $0 4.18%
    Ukiah, CA (FHA|USDA|VA) 1 $225,000 $225,000 $0 4.00%
    CARSON CITY, NV (FHA|USDA|VA) 1 $225,000 $225,000 $0 4.96%
    STATE COLLEGE, PA (FHA|USDA|VA) 1 $215,000 $215,000 $0 4.97%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $215,000 $215,000 $0 4.34%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $215,000 $215,000 $0 4.32%
    WINSTON-SALEM, NC (FHA|USDA|VA) 2 $210,000 $105,000 $0 5.02%
    LYNCHBURG, VA (FHA|USDA|VA) 2 $210,000 $105,000 $0 4.91%
    ROANOKE, VA (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.34%
    Torrington, CT (FHA|USDA|VA) 2 $200,000 $100,000 $0 5.11%
    Klamath Falls, OR (FHA|USDA|VA) 2 $200,000 $100,000 $0 4.91%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $200,000 $100,000 $0 4.40%
    BAKERSFIELD, CA (FHA|USDA|VA) 2 $190,000 $95,000 $0 4.73%
    Sanford, NC (FHA|USDA|VA) 1 $185,000 $185,000 $0 4.92%
    Pahrump, NV (FHA|USDA|VA) 2 $180,000 $90,000 $0 4.77%
    WENATCHEE, WA (FHA|USDA|VA) 1 $175,000 $175,000 $0 5.14%
    Roseburg, OR (FHA|USDA|VA) 1 $175,000 $175,000 $0 6.15%
    BILLINGS, MT (FHA|USDA|VA) 1 $175,000 $175,000 $0 4.98%
    BATON ROUGE, LA (FHA|USDA|VA) 2 $170,000 $85,000 $0 4.78%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $170,000 $85,000 $0 5.03%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 2 $170,000 $85,000 $0 4.88%
    JACKSON, MS (FHA|USDA|VA) 1 $165,000 $165,000 $0 5.52%
    Show Low, AZ (FHA|USDA|VA) 1 $165,000 $165,000 $0 5.96%
    GAINESVILLE, FL (FHA|USDA|VA) 2 $160,000 $80,000 $0 5.04%
    Augusta-Waterville, ME (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.17%
    MERCED, CA (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.37%
    AKRON, OH (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.70%
    DOVER, DE (FHA|USDA|VA) 2 $150,000 $75,000 $0 4.85%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $145,000 $145,000 $0 4.32%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $145,000 $145,000 $0 4.38%
    LUBBOCK, TX (FHA|USDA|VA) 2 $140,000 $70,000 $0 4.68%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $140,000 $70,000 $0 6.13%
    Heber, UT (FHA|USDA|VA) 1 $135,000 $135,000 $0 4.02%
    BOISE CITY, ID (FHA|USDA|VA) 1 $135,000 $135,000 $0 5.51%
    Indiana, PA (FHA|USDA|VA) 1 $135,000 $135,000 $0 4.82%
    HARRISONBURG, VA (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.31%
    Port Lavaca, TX (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.85%
    COLUMBUS, OH (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.76%
    Cornelia, GA (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.90%
    SALEM, OR (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.31%
    PITTSFIELD, MA (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.88%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.19%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.59%
    Brevard, NC (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.19%
    BANGOR, ME (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.18%
    Brownwood, TX (FHA|USDA|VA) 1 $115,000 $115,000 $0 6.14%
    VALDOSTA, GA (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.56%
    Arcadia, FL (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.73%
    GREAT FALLS, MT (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.32%
    Sunbury, PA (FHA|USDA|VA) 2 $110,000 $55,000 $0 5.34%
    ROCHESTER, MN (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.19%
    Williston, ND (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.79%
    Faribault-Northfield, MN (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.81%
    Bartlesville, OK (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.36%
    Sterling, CO (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.18%
    BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.84%
    North Wilkesboro, NC (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.02%
    MADERA, CA (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.30%
    SHEBOYGAN, WI (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.03%
    SPRINGFIELD, OH (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.85%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.97%
    TYLER, TX (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.53%
    ALBANY, GA (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.89%
    ABILENE, TX (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.74%
    MONTGOMERY, AL (FHA|USDA|VA) 2 $90,000 $45,000 $0 4.80%
    Mountain Home, AR (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.75%
    Cookeville, TN (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.52%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.61%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.52%
    AMARILLO, TX (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.63%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.22%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.81%
    West Point, MS (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.26%
    ROCKFORD, IL (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.74%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.65%
    Snyder, TX (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.36%
    Greenville, OH (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.81%
    Sterling, IL (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.51%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.90%
    Jacksonville, TX (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.06%
    Point Pleasant, WV-OH (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.33%
    POCATELLO, ID (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.14%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.89%
    LAFAYETTE, LA (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.97%
    Austin, MN (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.04%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.12%
    Athens, TN (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.12%
    Enterprise, AL (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.56%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.76%
    DOTHAN, AL (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.98%
    Borger, TX (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.55%
    Aberdeen, WA (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.82%
    SAVANNAH, GA (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.06%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.37%
    Lake City, FL (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.27%
    BRUNSWICK, GA (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.40%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.75%
    Huntington, IN (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.06%
    Newport, OR (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.48%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.72%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.13%
    RACINE, WI (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.27%
    HINESVILLE, GA (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.77%
    MUSKEGON, MI (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.81%
    Berlin, NH (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.39%
    Rochelle, IL (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.64%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.42%
    Hannibal, MO (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.42%
    Meridian, MS (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.06%
    Plainview, TX (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.14%
    Mount Pleasant, TX (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.46%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.77%
    Albertville, AL (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.32%
    Silver City, NM (FHA|USDA|VA) 1 $25,000 $25,000 $0 6.02%
    Rockingham, NC (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.15%
    Butte-Silver Bow, MT (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.79%
    Reverse Mortgage Funding's top markets include Los Angeles, San Francisco, San Diego, Boston, and Sacramento among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 1,590 $308,550,000 $194,057 $0 4.89%
    FHA 269 $55,715,000 $207,119 $0 4.65%
    Reverse Mortgage 113 $71,445,000 $632,257 $0 6.67%

    For 2018, Reverse Mortgage Funding's most frequently originated type of loan was FHA, with 1,590 originations. Their 2nd most popular type was FHA, with 269 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,584 $357,430,000 $225,650 $0 4.99%
    Home Improvement 200 $43,320,000 $216,600 $0 4.99%
    Home Purchase 188 $34,960,000 $185,957 $0 4.60%

    For 2018, Reverse Mortgage Funding's most frequently cited loan purpose was Refi, with 1,584 originations. The 2nd most popular reason was Home Improvement, with 200 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 1,972 $435,710,000 $220,948 $0 4.96%

    For 2018, Reverse Mortgage Funding's most frequently cited loan duration was Other, with 1,972 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,193 $245,965,000 $206,174
    5-6% 579 $110,255,000 $190,423
    6-7% 92 $30,700,000 $333,696
    7-8% 62 $37,670,000 $607,581
    3-4% 41 $10,035,000 $244,756
    % 4 $830,000 $207,500

    During 2018, Reverse Mortgage Funding's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 1,193 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 750 $110,370,000 $147,160 $0 4.88%
    $200k-400k 727 $207,845,000 $285,894 $0 4.78%
    $100,000 or less 357 $26,395,000 $73,936 $0 5.06%
    $400k-600k 78 $35,590,000 $456,282 $0 5.46%
    $600k-1MM 39 $29,745,000 $762,692 $0 6.74%
    $1MM+ 21 $25,765,000 $1,226,905 $0 6.70%

    2018 saw Reverse Mortgage Funding place emphasis on $100k-200k loans with 750 originations, totaling $110,370,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 1,692 $359,940,000 $212,730 $0 4.96%
    $50k-75k 185 $47,195,000 $255,108 $0 4.90%
    $75k-100k 63 $18,435,000 $292,619 $0 4.97%
    $100k-150k 23 $5,675,000 $246,739 $0 4.68%
    $150k-250k 8 $4,040,000 $505,000 $0 5.50%

    Reverse Mortgage Funding lent most frequently to those with incomes in the $50k or less range, with 1,692 originations. The second most popular income band? $50k-75k, with 185 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,645 $354,615,000 $215,571 $0 4.94%
    Not provided 219 $60,915,000 $278,151 $0 5.10%
    Black 84 $14,780,000 $175,952 $0 4.86%
    Asian 16 $3,970,000 $248,125 $0 4.97%
    American Indian 8 $1,430,000 $178,750 $0 4.76%

    Approval Rates

    Total approvals of all applications
    96.02%

    Reverse Mortgage Funding has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    61.26%

    Reverse Mortgage Funding has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,972 $435,710,000 $220,948

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 43 $4,655,000 $108,256
    Single Family (1-4 Units):Site-Built 1,929 $431,055,000 $223,460

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 181 $53,595,000 $296,105 $0 5.58%
    40-60% 1,566 $328,660,000 $209,872 $0 4.89%
    60-80% 215 $50,335,000 $234,116 $0 4.90%
    Under 20% 10 $3,120,000 $312,000 $0 4.89%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    REVERSE MORTGAGE USA, INC. Reverse mortgage Closing on a mortgage 1 50.0%
    REVERSE MORTGAGE USA, INC. Reverse mortgage Struggling to pay mortgage 1 50.0%