Reverse Mortgage Funding Rates, Fees & Info
WILMINGTON, DELEI: 5493001FXF3J5C0QWQ87
Tax ID: 80-0860209
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Review & Overview
Reverse Mortgage Funding is a small 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 Diego, San Francisco, Denver, and Seattle among others. We have data for 304 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
4,587Origination Dollar Volume (All Markets)
$1,365,055,000Top 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) | 526 | $239,070,000 | $454,506 | $0 | 3.31% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 238 | $98,930,000 | $415,672 | $0 | 2.98% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 147 | $82,415,000 | $560,646 | $0 | 3.74% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 225 | $63,645,000 | $282,867 | $0 | 2.84% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 171 | $62,875,000 | $367,690 | $0 | 3.06% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 157 | $52,465,000 | $334,172 | $0 | 2.83% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 159 | $39,415,000 | $247,893 | $0 | 2.81% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 124 | $39,310,000 | $317,016 | $0 | 3.04% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 146 | $39,030,000 | $267,329 | $0 | 2.90% |
| 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% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 82 | $25,580,000 | $311,951 | $0 | 3.06% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 104 | $24,190,000 | $232,596 | $0 | 3.17% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 70 | $22,670,000 | $323,857 | $0 | 3.02% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 85 | $22,335,000 | $262,765 | $0 | 2.85% |
| PROVO-OREM, UT (FHA|USDA|VA) | 66 | $18,390,000 | $278,636 | $0 | 2.82% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 85 | $16,265,000 | $191,353 | $0 | 2.94% |
| Outside of Metro Areas | 83 | $15,355,000 | $185,000 | $0 | 2.98% |
| 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% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 63 | $13,065,000 | $207,381 | $0 | 3.07% |
| 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% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 51 | $8,855,000 | $173,627 | $0 | 3.11% |
| MEDFORD, OR (FHA|USDA|VA) | 34 | $8,440,000 | $248,235 | $0 | 2.93% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 36 | $7,800,000 | $216,667 | $0 | 3.04% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 37 | $7,745,000 | $209,324 | $0 | 2.91% |
| 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% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 31 | $6,495,000 | $209,516 | $0 | 3.91% |
| 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% |
| 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% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 11 | $4,665,000 | $424,091 | $0 | 3.34% |
| 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% |
| 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% |
| Helena, MT (FHA|USDA|VA) | 14 | $2,560,000 | $182,857 | $0 | 2.74% |
| 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% |
| 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% |
| 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% |
| Outside of Metro Areas | 11 | $2,195,000 | $199,545 | $0 | 2.68% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 11 | $2,195,000 | $199,545 | $0 | 2.71% |
| Bozeman, MT (FHA|USDA|VA) | 6 | $2,160,000 | $360,000 | $0 | 3.18% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 8 | $2,130,000 | $266,250 | $0 | 3.12% |
| 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% |
| Oak Harbor, WA (FHA|USDA|VA) | 5 | $1,885,000 | $377,000 | $0 | 3.03% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 7 | $1,865,000 | $266,429 | $0 | 2.72% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 5 | $1,775,000 | $355,000 | $0 | 2.85% |
| MODESTO, CA (FHA|USDA|VA) | 9 | $1,685,000 | $187,222 | $0 | 2.85% |
| Heber, UT (FHA|USDA|VA) | 5 | $1,685,000 | $337,000 | $0 | 2.69% |
| 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% |
| Klamath Falls, OR (FHA|USDA|VA) | 7 | $1,535,000 | $219,286 | $0 | 2.92% |
| 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% |
| Kalispell, MT (FHA|USDA|VA) | 4 | $1,200,000 | $300,000 | $0 | 2.99% |
| 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% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 5 | $1,105,000 | $221,000 | $0 | 2.98% |
| VISALIA, CA (FHA|USDA|VA) | 5 | $1,105,000 | $221,000 | $0 | 3.03% |
| Pahrump, NV (FHA|USDA|VA) | 7 | $1,085,000 | $155,000 | $0 | 2.91% |
| Newport, OR (FHA|USDA|VA) | 5 | $1,035,000 | $207,000 | $0 | 2.86% |
| 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% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $0 | 2.62% |
| 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% |
| Shelton, WA (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $0 | 3.20% |
| 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% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 5 | $805,000 | $161,000 | $0 | 2.68% |
| 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% |
| CHICO, CA (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $0 | 2.50% |
| LANCASTER, PA (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $0 | 3.05% |
| 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% |
| 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% |
| EL PASO, TX (FHA|USDA|VA) | 5 | $685,000 | $137,000 | $0 | 3.33% |
| COLUMBIA, SC (FHA|USDA|VA) | 5 | $685,000 | $137,000 | $0 | 2.83% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $0 | 2.22% |
| LOUISVILLE, KY (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% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $0 | 3.90% |
| Cañon City, CO (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $0 | 3.02% |
| MADERA, CA (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $0 | 4.23% |
| Montrose, CO (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $0 | 2.14% |
| 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% |
| Traverse City, MI (FHA|USDA|VA) | 4 | $560,000 | $140,000 | $0 | 3.35% |
| Cedar City, UT (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $0 | 2.66% |
| 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% |
| Ukiah, CA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $0 | 2.52% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $0 | 3.80% |
| Concord, NH (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $0 | 3.19% |
| GAINESVILLE, FL (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $0 | 2.96% |
| Torrington, CT (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $0 | 3.39% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 3.93% |
| Clearlake, CA (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $0 | 2.70% |
| 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% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $0 | 2.29% |
| Meadville, PA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 2.46% |
| Brainerd, MN (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 2.38% |
| Aberdeen, WA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 2.51% |
| 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% |
| Coos Bay, OR (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 2.60% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 2.94% |
| Hood River, OR (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 2.28% |
| Greeneville, TN (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 2.42% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 2.31% |
| Edwards, CO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 2.84% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $0 | 4.38% |
| Brevard, NC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 2.73% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 3.43% |
| YAKIMA, WA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 2.98% |
| Roseburg, OR (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $0 | 2.77% |
| 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% |
| Nogales, AZ (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 2.20% |
| 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% |
| Mount Pleasant, TX (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 2.76% |
| 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% |
| Shelby, NC (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 2.67% |
| Vernal, UT (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $0 | 2.72% |
| Prineville, OR (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 2.72% |
| 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% |
| Sonora, CA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 3.27% |
| Key West, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 2.82% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 2.84% |
| Durango, CO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 2.77% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 2.86% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 2.76% |
| WALLA WALLA, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 3.01% |
| Española, NM (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 2.41% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 2.59% |
| 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% |
| Houghton, MI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 3.51% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 3.71% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 3.29% |
| 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% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 2.75% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 3.56% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 3.29% |
| Georgetown, SC (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 2.64% |
| APPLETON, WI (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 3.83% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 3.05% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 2.85% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 2.88% |
| 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% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 3.04% |
| Williston, ND (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 3.80% |
| 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% |
| Elizabeth City, NC (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 3.72% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 3.56% |
| Granbury, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 2.59% |
| Blackfoot, ID (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 1.98% |
| Payson, AZ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 3.18% |
| Brookings, OR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 2.59% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 2.95% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 3.75% |
| Palatka, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 2.35% |
| Laconia, NH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 2.09% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 2.58% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 2.73% |
| Brenham, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 2.80% |
| 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% |
| Fernley, NV (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 2.31% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 2.86% |
| Ontario, OR-ID (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 2.32% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 3.68% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 2.65% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 5.75% |
| Butte-Silver Bow, MT (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 3.13% |
| Hudson, NY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 2.67% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 2.13% |
| El Campo, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 2.75% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 4.34% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 2.59% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 2.71% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 3.81% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 3.80% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 3.31% |
| Crossville, TN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 2.47% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 2.87% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 2.71% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 2.47% |
| Lake City, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 2.73% |
| FLINT, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 2.74% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 2.62% |
| 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% |
| Columbus, MS (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 2.64% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.80% |
| Ashland, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 2.82% |
| Waycross, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 3.84% |
| 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% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 2.63% |
| Gallup, NM (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 2.71% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 2.71% |
| Austin, MN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.67% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.80% |
| 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% |
| El Dorado, AR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 2.82% |
| READING, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 2.69% |
| Clovis, NM (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 3.33% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 3.80% |
| Las Vegas, NM (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 2.58% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 2.85% |
| AKRON, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 7.13% |
| RACINE, WI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 2.71% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 2.70% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 2.61% |
| Newberry, SC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 2.63% |
| Hutchinson, KS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 2.95% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 3.88% |
| Sterling, CO (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 3.25% |
| Berlin, NH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.21% |
| Batesville, AR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 2.81% |
| Alamogordo, NM (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 3.56% |
| DANVILLE, IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 3.61% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 3.56% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 2.97% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.43% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.56% |
| ALTOONA, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.42% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 3.25% |
Product Mix
For 2020, Reverse Mortgage Funding's most frequently originated type of loan was FHA, with 4,063 originations. Their 2nd most popular type was FHA, with 258 originations.
Loan Reason
For 2020, Reverse Mortgage Funding's most frequently cited loan purpose was Refi, with 3,999 originations. The 2nd most popular reason was 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 2020, Reverse Mortgage Funding's most frequently cited loan duration was Other, with 4,587 originations.
Interest Rates
During 2020, Reverse Mortgage Funding's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 2.5-3%, with 2,257 originations.
Loan Sizing
2020 saw Reverse Mortgage Funding place emphasis on $200k-400k loans with 1,996 originations, totaling $576,600,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications91.85%
Reverse Mortgage Funding has an average approval rate.
Pick Rate
Approvals leading to origination82.36%
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
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| REVERSE MORTGAGE INVESTMENT TR | Reverse mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 11.5% |
| REVERSE MORTGAGE INVESTMENT TR | Reverse mortgage | Closing on a mortgage | 6 | 23.1% |
| REVERSE MORTGAGE INVESTMENT TR | Reverse mortgage | Struggling to pay mortgage | 5 | 19.2% |
| REVERSE MORTGAGE INVESTMENT TR | Reverse mortgage | Trouble during payment process | 12 | 46.2% |