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HUD also regulates the amount of money that can be withdrawn during the first year of your reverse mortgage.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

(233)

Larry was Recommended to Me Larry McAnarney was recommended to me by a mortgage banker at Evanston Community Bank. When I called Larry, he was very helpful and insightful to set me in the direction in filling out all the documents needed to process the reverse mortgage. If anyone needs help in getting a reverse mortgage, Larry is the person to use    

Mike & Gail M — Jan 19, 2022

Knowledgeable, Friendly, and Attentive: Larry is very knowledgeable, friendly, and attentive to my questions and understanding of the loan process. I feel he is very trustworthy along with a great deal of expertise making the loan process easy and free of issues.      

Tim P — Mar 28, 2025

Working With Larry Was Great Working with Larry was great. He is kind and patient. He encouraged questions and was patient with me and my mom. I went through four different mortgage companies, and chose Larry because of his genuine interest in my moms case    

Nancy S — Nov 4, 2020

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