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HUD also regulates the amount of money that can be withdrawn during the first year of your reverse mortgage.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

(52)

Quick Response I had questions about reverse mortgages and how they worked. Larry called and explained everything to us very well. He was quick responding back when I contacted him about some concerns I had while I was deciding to go ahead or not. I would recommend him to others, very polite and helpful. Was a pleasure working with him.

Gloria M — Apr 9, 2014

Reverse Mortgage Experience Excellent service! We were lucky to deal with Larry McAnarney who with his know-how and involvement helped us through a very difficult time. He went above and beyond his responsibilities to help us in the reverse mortgage world. Thanks!

Thomas & Denise C — May 14, 2014

Excellent customer service Wonderful service. Know edge w Very helpful

Judy E — Jul 30, 2014

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This material has not been reviewed, approved or issued by HUD, FHA or any government agency. The company is not affiliated with or acting on behalf of or at the direction of HUD/FHA or any other government agency.

© 2017 Reverse Mortgage Funding LLC, 1455 Broad St., 2nd Floor, Bloomfield, NJ 07003, 1-888-494-0882. Legal approval #L976-Exp042018, Company NMLS ID # 1019941. NMLS Consumer Access: www.nmlsconsumeraccess.org/?EntityDetails.aspx/?COMPANY/1019941
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Illinois Residential Mortgage Licensee; Arizona Mortgage Banker License #0935256: Georgia Residential Mortgage Licensee No. 36793; Originator License No. 40299; Kansas Originator License LO.0001032; Licensed by the New Jersey Department of Banking and Insurance; Texas Mortgage Banker Registration in-state branch office 6044 Gateway East, Suite 236, El Paso, TX 79905(branch NMLS 1244676) RMF is not licensed or registered to engage in mortgage loan origination activities in Hawaii or New York.