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HUD also regulates the amount of money that can be withdrawn during the first year of your reverse mortgage.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 Very Helpful and Understanding Larry was very helpful throughout the whole thing. He made understanding the terms simple.      

Paul L — Jan 11, 2024

Clone Larry! When we met Larry McAnarney, it did not take long to feel comfortable. There was no high pressure feeling; he answered our questions and put us at ease. Larry was great! Our Hud counselor, and the gentleman who did our closing were very good, too. Only one problem.....we should have done it sooner. Larry gets SIX stars. Bernice and Dave

Bernice & Dave L — Oct 28, 2014

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

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