Reverse Mortgage Funding Rates, Fees & Info
WILMINGTON, DELEI: 5493001FXF3J5C0QWQ87
Tax ID: 80-0860209
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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 a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Los Angeles, San Francisco, San Diego, San Jose, and Seattle among others. We have data for 284 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% | 3/24/24 |
| 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. | ||
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,196Origination Dollar Volume (All Markets)
$908,000,000Top 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) | 361 | $165,875,000 | $459,488 | $0 | 5.07% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 148 | $84,790,000 | $572,905 | $0 | 5.55% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 114 | $54,070,000 | $474,298 | $0 | 4.62% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 68 | $42,840,000 | $630,000 | $0 | 5.81% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 94 | $32,750,000 | $348,404 | $0 | 4.65% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 115 | $30,585,000 | $265,957 | $0 | 4.07% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 121 | $30,195,000 | $249,545 | $0 | 4.18% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 89 | $28,815,000 | $323,764 | $0 | 4.68% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 97 | $26,935,000 | $277,680 | $0 | 4.06% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 81 | $19,365,000 | $239,074 | $0 | 4.24% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 64 | $17,060,000 | $266,563 | $0 | 4.67% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 39 | $16,255,000 | $416,795 | $0 | 4.33% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 73 | $15,105,000 | $206,918 | $0 | 4.48% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 64 | $13,270,000 | $207,344 | $0 | 3.79% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 39 | $13,045,000 | $334,487 | $0 | 4.46% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 60 | $12,590,000 | $209,833 | $0 | 4.21% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 60 | $10,950,000 | $182,500 | $0 | 4.41% |
| Outside of Metro Areas | 66 | $10,660,000 | $161,515 | $0 | 4.47% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 56 | $9,060,000 | $161,786 | $0 | 4.37% |
| BOULDER, CO (FHA|USDA|VA) | 28 | $8,980,000 | $320,714 | $0 | 4.15% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 17 | $8,575,000 | $504,412 | $0 | 4.82% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 52 | $8,060,000 | $155,000 | $0 | 4.54% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 34 | $7,040,000 | $207,059 | $0 | 4.08% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 35 | $7,015,000 | $200,429 | $0 | 4.55% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 12 | $6,740,000 | $561,667 | $0 | 5.31% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 34 | $6,420,000 | $188,824 | $0 | 4.81% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 28 | $6,080,000 | $217,143 | $0 | 3.73% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 14 | $6,010,000 | $429,286 | $0 | 5.62% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 27 | $5,685,000 | $210,556 | $0 | 4.60% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 13 | $5,525,000 | $425,000 | $0 | 4.75% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 28 | $5,500,000 | $196,429 | $0 | 4.13% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 30 | $5,480,000 | $182,667 | $0 | 4.55% |
| PITTSBURGH, PA (FHA|USDA|VA) | 24 | $5,210,000 | $217,083 | $0 | 4.01% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 21 | $5,205,000 | $247,857 | $0 | 4.07% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 25 | $5,195,000 | $207,800 | $0 | 4.40% |
| MEDFORD, OR (FHA|USDA|VA) | 22 | $4,610,000 | $209,545 | $0 | 4.24% |
| PROVO-OREM, UT (FHA|USDA|VA) | 21 | $4,575,000 | $217,857 | $0 | 3.95% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 22 | $4,470,000 | $203,182 | $0 | 4.30% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 29 | $4,095,000 | $141,207 | $0 | 4.58% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 27 | $3,835,000 | $142,037 | $0 | 4.06% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 8 | $3,630,000 | $453,750 | $0 | 4.79% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 16 | $3,600,000 | $225,000 | $0 | 4.20% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 19 | $3,395,000 | $178,684 | $0 | 4.13% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 16 | $3,310,000 | $206,875 | $0 | 4.03% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 17 | $2,725,000 | $160,294 | $0 | 4.85% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 11 | $2,705,000 | $245,909 | $0 | 5.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 7 | $2,685,000 | $383,571 | $0 | 4.98% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 22 | $2,650,000 | $120,455 | $0 | 4.66% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 7 | $2,595,000 | $370,714 | $0 | 4.97% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 13 | $2,565,000 | $197,308 | $0 | 3.78% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 15 | $2,525,000 | $168,333 | $0 | 4.40% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 16 | $2,520,000 | $157,500 | $0 | 4.21% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 6 | $2,430,000 | $405,000 | $0 | 4.79% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 18 | $2,270,000 | $126,111 | $0 | 4.27% |
| Oak Harbor, WA (FHA|USDA|VA) | 7 | $2,155,000 | $307,857 | $0 | 3.92% |
| Bozeman, MT (FHA|USDA|VA) | 8 | $2,070,000 | $258,750 | $0 | 4.04% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 8 | $2,050,000 | $256,250 | $0 | 4.53% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 12 | $2,050,000 | $170,833 | $0 | 4.73% |
| GREELEY, CO (FHA|USDA|VA) | 12 | $2,050,000 | $170,833 | $0 | 4.08% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 13 | $1,995,000 | $153,462 | $0 | 4.49% |
| FORT COLLINS, CO (FHA|USDA|VA) | 8 | $1,970,000 | $246,250 | $0 | 4.44% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 14 | $1,950,000 | $139,286 | $0 | 4.78% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 7 | $1,905,000 | $272,143 | $0 | 4.76% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 11 | $1,885,000 | $171,364 | $0 | 4.89% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 10 | $1,820,000 | $182,000 | $0 | 4.38% |
| Outside of Metro Areas | 7 | $1,675,000 | $239,286 | $0 | 3.89% |
| OCALA, FL (FHA|USDA|VA) | 13 | $1,665,000 | $128,077 | $0 | 4.12% |
| RICHMOND, VA (FHA|USDA|VA) | 13 | $1,635,000 | $125,769 | $0 | 4.81% |
| Helena, MT (FHA|USDA|VA) | 9 | $1,585,000 | $176,111 | $0 | 4.24% |
| SALEM, OR (FHA|USDA|VA) | 7 | $1,585,000 | $226,429 | $0 | 3.76% |
| FRESNO, CA (FHA|USDA|VA) | 7 | $1,565,000 | $223,571 | $0 | 4.09% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 8 | $1,560,000 | $195,000 | $0 | 4.89% |
| RENO, NV (FHA|USDA|VA) | 6 | $1,520,000 | $253,333 | $0 | 4.02% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 8 | $1,460,000 | $182,500 | $0 | 3.99% |
| VALLEJO, CA (FHA|USDA|VA) | 5 | $1,425,000 | $285,000 | $0 | 4.08% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 8 | $1,350,000 | $168,750 | $0 | 3.94% |
| BEND, OR (FHA|USDA|VA) | 4 | $1,290,000 | $322,500 | $0 | 3.70% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 7 | $1,275,000 | $182,143 | $0 | 4.23% |
| NAPA, CA (FHA|USDA|VA) | 3 | $1,245,000 | $415,000 | $0 | 5.04% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 7 | $1,225,000 | $175,000 | $0 | 4.25% |
| ST. GEORGE, UT (FHA|USDA|VA) | 6 | $1,220,000 | $203,333 | $0 | 3.78% |
| BOISE CITY, ID (FHA|USDA|VA) | 8 | $1,190,000 | $148,750 | $0 | 3.80% |
| Lebanon, NH-VT (FHA|USDA|VA) | 7 | $1,115,000 | $159,286 | $0 | 4.10% |
| SANTA FE, NM (FHA|USDA|VA) | 3 | $1,105,000 | $368,333 | $0 | 5.32% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 5 | $1,095,000 | $219,000 | $0 | 4.28% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $1,025,000 | $1,025,000 | $0 | 7.05% |
| Traverse City, MI (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $0 | 4.71% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 7 | $985,000 | $140,714 | $0 | 4.28% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $0 | 3.78% |
| TUCSON, AZ (FHA|USDA|VA) | 9 | $955,000 | $106,111 | $0 | 4.76% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 5 | $935,000 | $187,000 | $0 | 3.97% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 5 | $895,000 | $179,000 | $0 | 3.71% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 5 | $885,000 | $177,000 | $0 | 4.57% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $0 | 4.20% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $0 | 3.41% |
| Heber, UT (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $0 | 5.69% |
| EL PASO, TX (FHA|USDA|VA) | 11 | $755,000 | $68,636 | $0 | 4.51% |
| COLUMBUS, OH (FHA|USDA|VA) | 5 | $755,000 | $151,000 | $0 | 4.36% |
| Torrington, CT (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $0 | 6.28% |
| Laconia, NH (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $0 | 3.77% |
| Concord, NH (FHA|USDA|VA) | 6 | $730,000 | $121,667 | $0 | 4.27% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $0 | 3.40% |
| LEBANON, PA (FHA|USDA|VA) | 5 | $715,000 | $143,000 | $0 | 4.35% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $0 | 3.78% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 6 | $700,000 | $116,667 | $0 | 3.84% |
| GRANTS PASS, OR (FHA|USDA|VA) | 5 | $675,000 | $135,000 | $0 | 4.04% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 4 | $670,000 | $167,500 | $0 | 3.50% |
| BELLINGHAM, WA (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $0 | 5.67% |
| STAUNTON, VA (FHA|USDA|VA) | 6 | $660,000 | $110,000 | $0 | 4.73% |
| Ukiah, CA (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $0 | 4.52% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 5 | $645,000 | $129,000 | $0 | 4.18% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $0 | 3.63% |
| LANCASTER, PA (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $0 | 4.43% |
| Glenwood Springs, CO (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $0 | 3.45% |
| LOUISVILLE, KY (FHA|USDA|VA) | 4 | $600,000 | $150,000 | $0 | 3.82% |
| LOGAN, UT-ID (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $0 | 3.92% |
| THE VILLAGES, FL (FHA|USDA|VA) | 5 | $585,000 | $117,000 | $0 | 4.50% |
| Astoria, OR (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 4.63% |
| STOCKTON, CA (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $0 | 3.97% |
| BURLINGTON, NC (FHA|USDA|VA) | 4 | $570,000 | $142,500 | $0 | 3.82% |
| Georgetown, SC (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $0 | 4.04% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $0 | 4.97% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 4 | $540,000 | $135,000 | $0 | 5.65% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $0 | 4.90% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $0 | 4.38% |
| COLUMBIA, SC (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $0 | 4.83% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $0 | 4.68% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $0 | 4.89% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 3.80% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 7.00% |
| Keene, NH (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $0 | 3.83% |
| READING, PA (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $0 | 4.27% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 4 | $460,000 | $115,000 | $0 | 3.86% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $0 | 4.29% |
| CHICO, CA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 3.89% |
| Kerrville, TX (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 4.92% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 5.37% |
| Cambridge, MD (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $0 | 4.21% |
| Kalispell, MT (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $0 | 4.33% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 3.95% |
| PUEBLO, CO (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $0 | 3.97% |
| BILLINGS, MT (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 4.02% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 3.58% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $0 | 3.65% |
| Edwards, CO (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 3.35% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $0 | 3.89% |
| Ellensburg, WA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 4.44% |
| BATON ROUGE, LA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 3.52% |
| ROCKFORD, IL (FHA|USDA|VA) | 6 | $360,000 | $60,000 | $0 | 4.71% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 3.41% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 3.50% |
| MIDLAND, TX (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 4.07% |
| Aberdeen, WA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 3.59% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $0 | 3.75% |
| Washington, NC (FHA|USDA|VA) | 4 | $310,000 | $77,500 | $0 | 3.83% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 4.15% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $0 | 4.12% |
| TYLER, TX (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 4.29% |
| YUBA CITY, CA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 3.77% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 3.20% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 4.10% |
| Pahrump, NV (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 3.74% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 3.86% |
| Easton, MD (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 4.88% |
| APPLETON, WI (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 4.61% |
| Sonora, CA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 4.60% |
| Prineville, OR (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 3.80% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 4.30% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 3.42% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 4.10% |
| Newport, OR (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 4.21% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 4.07% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 6.07% |
| REDDING, CA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 5.27% |
| GETTYSBURG, PA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 4.67% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 4.11% |
| PITTSFIELD, MA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 3.75% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 4.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 4.42% |
| LONGVIEW, TX (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 3.85% |
| The Dalles, OR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 3.44% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 3.98% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 3.71% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 4.29% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 4.52% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 3.42% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 5.97% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 3.60% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 3.82% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 3.75% |
| Española, NM (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 3.75% |
| Butte-Silver Bow, MT (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 3.88% |
| Fernley, NV (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 3.95% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 4.50% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 3.87% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 5.11% |
| Centralia, WA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 3.20% |
| Arcadia, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 3.99% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 4.22% |
| Granbury, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 3.75% |
| Columbus, MS (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 4.84% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 3.18% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.81% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.11% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 3.84% |
| Rockport, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 7.43% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 3.82% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.01% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 3.73% |
| MADERA, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 4.41% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 4.03% |
| Tupelo, MS (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 5.09% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 3.82% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 3.84% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 4.66% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 4.75% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 4.68% |
| Athens, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 6.80% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 4.39% |
| FARMINGTON, NM (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 4.23% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 4.57% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 5.93% |
| Boone, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.74% |
| Manitowoc, WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.17% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.74% |
| Clarksburg, WV (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.39% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.11% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.56% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.94% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 3.84% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 3.23% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.94% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.59% |
| Sterling, CO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.03% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.83% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.79% |
| Cordele, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.84% |
| ERIE, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.55% |
| Brevard, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 3.92% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.39% |
| Hobbs, NM (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 3.94% |
| Forest City, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 3.73% |
| Indiana, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 3.80% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.51% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 3.54% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 6.04% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.72% |
| Cedar City, UT (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 3.67% |
| Selinsgrove, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.84% |
| Nacogdoches, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 5.01% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.76% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 3.37% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 3.83% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.77% |
| Palatka, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 5.34% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 3.52% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 5.02% |
| Snyder, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.59% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.63% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.40% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.74% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.49% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.50% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.53% |
| Harrison, AR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.20% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.82% |
| WACO, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.01% |
| New Castle, IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.66% |
| TULSA, OK (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.67% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.96% |
| Jesup, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.55% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.44% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.97% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.57% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.57% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.57% |
| Roswell, NM (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.06% |
| Picayune, MS (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.78% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.50% |
| Salem, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.57% |
| Pampa, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.89% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.58% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.14% |
| Lewistown, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.59% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| FHA | 2,591 | $595,445,000 | $229,813 | $0 | 4.07% |
| Reverse Mortgage | 529 | $297,375,000 | $562,146 | $0 | 6.75% |
| FHA | 76 | $15,180,000 | $199,737 | $0 | 4.72% |
For 2019, Reverse Mortgage Funding's most frequently originated type of loan was FHA, with 2,591 originations. Their 2nd most popular type was Reverse Mortgage, with 529 originations.
Loan Reason
For 2019, Reverse Mortgage Funding's most frequently cited loan purpose was Refi, with 2,559 originations. The 2nd most popular reason was Home Improvement, with 340 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 3,196 | $908,000,000 | $284,105 | $0 | 4.53% |
For 2019, Reverse Mortgage Funding's most frequently cited loan duration was Other, with 3,196 originations.
Interest Rates
During 2019, 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 1,450 originations.
Loan Sizing
2019 saw Reverse Mortgage Funding place emphasis on $200k-400k loans with 1,198 originations, totaling $346,230,000 in origination value.
Applicant Income
Reverse Mortgage Funding lent most frequently to those with incomes in the $50k or less range, with 2,716 originations. The second most popular income band? $50k-75k, with 328 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.22%
Reverse Mortgage Funding has an average approval rate.
Pick Rate
Approvals leading to origination77.44%
Reverse Mortgage Funding has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,196 | $908,000,000 | $284,105 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 34 | $4,810,000 | $141,471 |
| Single Family (1-4 Units):Site-Built | 3,162 | $903,190,000 | $285,639 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| REVERSE MORTGAGE INVESTMENT TR | Conventional home mortgage | Struggling to pay mortgage | 3 | 9.7% |
| REVERSE MORTGAGE INVESTMENT TR | Other type of mortgage | Struggling to pay mortgage | 1 | 3.2% |
| REVERSE MORTGAGE INVESTMENT TR | Reverse mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.2% |
| REVERSE MORTGAGE INVESTMENT TR | Reverse mortgage | Closing on a mortgage | 4 | 12.9% |
| REVERSE MORTGAGE INVESTMENT TR | Reverse mortgage | Struggling to pay mortgage | 8 | 25.8% |
| REVERSE MORTGAGE INVESTMENT TR | Reverse mortgage | Trouble during payment process | 14 | 45.2% |