Reverse Mortgage Funding Review

Rating: 7.3 / 10 (Very good)
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Reverse Mortgage Funding is a New Jersey-based reverse mortgage lender servicing all 50 states, Puerto Rico, and the District of Columbia. They're active members of the National Reverse Mortgage Lenders Association, with an average of more than fifteen years working in the industry, and an A+ rating with the BBB. They offer Home Equity Conversion Mortgages with annual or monthly adjustable rates, fixed rates, or for purchase.

How is Reverse Mortgage Funding rated?


Lender Details
Consumer Experience

Overall Rating: 7.3 / 10 (Very good)

Reverse Mortgage Funding offers a good selection of reverse mortgage loans, but are not ranked as high as other due to limited information. The company offers few online tools and resources for people looking to find more specific information about the options available to them. For that, the company requires that potential borrowers submit their information so a loan officer can follow up with them.

Lender Details

Lender Type
2016 HECM Loan Value
Nationwide Mortgage Licensing System ID
Nationwide Mortgage Regulatory Actions

Lender Details - 7.1 / 10

Though Reverse Mortgage Funding is a relatively new reverse mortgage lender, they're licensed to offer reverse mortgages in all 50 states, Washington D.C., and Puerto Rico, (but not Hawaii or New York). They're also one of the few lenders endorsed by the American Banker's Association. For a company its size, RMF issues a higher than average amount of reverse mortgages annually. They also have few regulatory actions when compared with other, similarly sized lenders.

Reverse Mortgage Funding Loans

Loan Types
HECM Traditional
HECM for Purchase
HECM Refinance
Payout Options
Lump Sum Payment
Monthly Payments
Line of Credit
Maximum Loan Size

Loans - 7.5 / 10

Reverse Mortgage Funding offers the three types of HECMs insured by the federal government: traditional, for purchase, and refinance. Additionally, they offer lower-cost options for adjustable-rate mortgages, although this option is not available in Florida or Maryland. All associated fees, except for the government counseling fee, can be financed into the loan. However, the company is light on specific fee amount details.

Reverse Mortgage Funding Consumer Experience

Site Features & Mobile App
Online Application
Online Quote
BBB Rating
Number of BBB Positive Reviews
Number of BBB Neutral Reviews
Number of BBB Negative Reviews
Date Collected

Consumer Experience - 7.2 / 10

Reverse Mortgage Funding has an online application and quote service, as well as an educational section of their website, which offers a fairly good overview of reverse mortgage pros and cons. However, they don't provide any tools or calculators like their competitors do.

Contact & Additional Info

Homepage URL
Company Phone
(877) 485-1359
Headquarters Address
1455 Broad St., 2nd Floor, Bloomfield, NJ, 07003
Mailing Address
1455 Broad St., 2nd Floor, Bloomfield, NJ, 07003
Year Founded

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Customer Comments & Reviews

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Mark S
Franklinton, Louisiana
My experience with RMF, LLC was like a nightmare while awake! Their interest rates are high, they are obstinate and refuse to consider the best interest of their clients/customers. If I had to do it again, there is NO WAY I would finance through RMF, LLC. This is the worst lending experience I have ever had.

David W
Bellingham, Washington
So far, so good. Received a call from RFM this morning. Was somewhat surprised as we have been in our current home less than seven months and I had not contacted anyone about a reverse mortgage. So far, the staff have been polite and courteous. They have a relaxed low pressure approach. My wife is totally opposed to the idea so they offered to send information about reverse mortgages that better suited our needs. The rep from RFM did so and we’re off to the races. I’m uncertain we’re going to go with a reverse mortgage but, so far I’ve been please with RFMs service.

John D
Sterling, Massachusetts
I just hung up on one of their loan officers who was exercised and hollering at me for criticizing his approach. He did not listen clearly to me on two phone calls, told me one thing last week and another thing this week that perfectly contradicted each other regarding my ability to secure a reverse mortgage. He took criticism of his approach about as badly as I have ever had anyone ever do with me. RMF has been reported here in other reviews to treat folks badly, and I can verify that that is the case. Do not do business with them. Choose a quality company that is ranked close to five stars. People do not take the time to write these reviews as I have here without have good reason to do... Read More

Carlos M
Coral Gables, Florida
This company customer service agents are extremely rude and treat both my wife and me as if we were children. We may be over eighty years old but we are mentally fit. They continue to lose my mail and request for production documents. Every two to three months they want proof that we are still alive and residing at the property. They should keep their house in order by saving documents sent to them where they can find them and stop treating us as if we were four year olds, Mr. Armand Puert

Gail K
Riverhead, New York
Stay away from this company. They can't keep track of important papers. They will send you reminders that are worded as an insult, it is like an adult shaking their finger in a childs' face and saying you better or else. It seems strange that as seniors we have managed all our lives and should be treated with a little respect.

Top Rated
Our Partner
10 / 10
  • Our # 1 Choice, BBB Accredited, #1 Reverse Mortgage Lender in the nation
  • Meet with a Licensed Professional to discuss your personal needs, depending on your location.
  • Customer service agents readily available 24/7 to answer your questions
  • Approved Member of US Department of Housing and Urban Development
  • 96% Customer Satisfaction Rating
  • Eligibility: Age 62+, $100K+ home value with 50%+ equity
  • Free Information Kit on Pros & Cons