How much money can I get?

The specific amount depends on several factors, including:

  • Your age
  • The type of reverse mortgage you select
  • Current interest rates
  • Appraised value of your home
  • Federal Housing Administration (FHA) lending limits

HUD also regulates the amount of money that can be withdrawn during the first year of your reverse mortgage. This is to help preserve your home equity for a longer period of time.

Verified Reviews

(208)

The Customer Comes First Her I have been very happy with all of my dealings with Larry McAnarney. He has the drive needed to handle all the details in a timely manner but explain the steps and concepts in an easy to understand and gentle, laid back manner. Never a hard sell with Larry. With a plan to close the transaction before the first of the month, Larry kept the momentum going until all was settled with four days to spare. He was available for questions and advice at all times which was very beneficial because of the timetable involved. Professional and engaging. Win-Win-Win.

Valerie D — Jan 30, 2015

Larry Explained Everything Larry did a great job of explaining and guiding us through a reverse mortgage. Much more complicated than we had thought. You need a lot of help and Larry was there to provide it.    

Alan & Donna C — Mar 23, 2020

I would recommend Larry in a heartbeat Larry took me the whole way through this unchartered land of reverse mortgages with finesse! His professionalism when I asked seemingly ignorant questions was very respectful and considerate. In working with different lenders along this journey, I contacted Larry again after several months and he led me through the rest of the way! I would highly recommend Larry in a heartbeat! Thanks so much for all your help!

Dana F — Aug 17, 2022

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