Rating: 8 / 10 (Very good)
10 Customer Reviews - see all comments
Disclosure: We receive advertising revenue from this partner. Learn more.
Finance of America Reverse is a direct lender focused solely on reverse mortgages. Founded in 2003, FAR operates in 43 states and is based in Oklahoma. This company offers a proprietary reverse mortgage plan which doesn't require FHA approval, as well as standard single-purpose and veteran variants, which are backed by the FHA and VA.

How is Finance of America Reverse rated?

Breakdown

8/10
Lender Details
8/10
Loans
8/10
Consumer Experience

Overall Rating: 8 / 10 (Very good)

Finance of America Reverse is the reverse mortgage arm of Finance of America, and, in turn part of The Blackstone Group. They've been part of the premier mortgage lenders in the United States since 2003, and have generally good reviews. However, their online experience leaves something to be desired, especially in comparison with the amount of resources that other, comparably-sized lenders provide.

Lender Details

Lender Type
Lender
2016 HECM Loan Value
$243,131,078
Nationwide Mortgage Licensing System ID
2285
Nationwide Mortgage Regulatory Actions
2

Lender Details - 8 / 10

While they're not the lender with the most reverse mortgage originations on our list, Finance of America Reverse has remarkably few regulatory actions against them, especially as relates to comparable lenders. Besides being an Equal Housing Lender, they're also members of National Aging in Place Council.

Finance of America Reverse Loans

Loan Types
HECM Traditional
Proprietary Reverse Mortgage
Payout Options
Lump Sum Payment
Monthly Payments

Loans - 8 / 10

Finance of America Reverse traditional HECM loans and jumbo reverse mortgages, for homes whose appraisal value surpasses federal limits. Borrowers can choose to obtain their money through monthly payments, or as a single lump sum. However, the company does not offer reverse mortgages in seven states.

Finance of America Reverse Consumer Experience

Total Consumer Financial Protection Bureau Complaints
42
Site Features & Mobile App
Home Equity Calculator
BBB Rating
A+
Trust Pilot Rating
9.3 out of 10
Date Collected
2017-08-17

Consumer Experience - 8 / 10

Finance of America Reverse has good ratings across many different consumer review websites, with customers reporting high levels of satisfaction. However, their site doesn't offer the same level of interactive tools and resources as comparable lenders, only allowing access to a home equity calculator.

Contact & Additional Info

Homepage URL
Company Phone
(855) 421-4745
Headquarters Address
8023 East 63rd Place, Suite 700, Tulsa, OK, 74133
Mailing Address
8023 East 63rd Place, Suite 700, Tulsa, OK, 74133
Year Founded
2003

Our Partner
8.0 / 10
  • Equal Housing Lender
  • NRMLA Member
  • Member of National Aging in Place Council
  • Borrow up to $4 Million with HomeSafe Reverse Mortgage
  • HomeSafe offers no initial disbursement limitation or mortgage insurance premium if qualified
  • Competitive fixed interest rate and lump-sum draw

Latest Finance of America Reverse Reviews

L
Larry S
San Jose, California

5/12/2018
Your organization gave us the most information of all the Companies we contacted. Good job.


A
Alfred l
Phoenix, Arizona

5/11/2018
I was the go between in obtaining a reverse mortgage for my elderly mother for some repairs on her home.the person that helped us was katie may. She was excellent; she kept me informed of the process and was very kind and made us feel like she really had our best interest at heart. Thank you for helping my mother.


A
Armenta S
Denver, Colorado

5/8/2018
I was pleasantly surprised at how easy the process was. A little put off by the almost microscopic look at my finances, however, the agent I worked with (Toby Beers) was great. Very considerate and helpful. Altogether a good experience.


J
Jim W
Dallas, Texas

5/6/2018
FAR put extra effort into understanding our situation and overcoming barriers to our reverse mortgage refinance.


B
Barbara P
Miami, Florida

4/18/2018
We had a very positive experience in acquiring a reverse mortgage from Finance of America. Our loan officer was extremely informative and made the process relatively easy. We would definitely recommend Finance of America Reverse.


P
Patricia F
Four Oaks, North Carolina

4/7/2018
Everyone was very helpful and curtious. And they did everything they said they would do. We would recommend Finance America to anyone we know .


C
Carolyn S
DeSoto, Texas

4/6/2018
Thanks to everyone who made this reverse mortgage a success. A special thanks to my agent, Ellen Zawaski, who was very professional and caring. She stepped in all the way, never ceasing to answer all my questions and going over and beyond. Again, thanks to all at Finance of America.


M
Marcy K
Butler, Pennsylvania

4/6/2018
The Reverse Mortgage application through to the conclusion was very complete and handled excellently by Amy Cecil. I appreciated her attention to detail and friendly attitude. I am sure we'll stay in touch.


T
Tim

4/3/2018
Dane Bowler was very helpful in getting us our reverse mortgage. Sincere and caring guy!


R
Ron e
Kirkland, Washington

3/27/2018
Robert did an exemplary job. All went very smoothly. Explained and answered all of my questions The application and process was quick for a reverse mortgage. Ron