Finance of America Reverse (FAR) is a reverse mortgage lender that offers a variety of reverse mortgages and equity solutions, such as commercial loan options, student loan refinancing services, home loan options, reverse mortgage solutions, equity solutions, and equity conversion.

 
FAR emphasizes the personal aspect of a reverse mortgage loan in addition to the business transaction numbers. FAR's motto is, "Customer First, Last, and Always." For the past eight years, FAR has been the number one wholesale reverse mortgage lender against other reverse mortgage companies and is ranked No. 2 on the top 100 HECM lenders list. They strive to helps seniors gain financial independence in retirement.
 
Reverse Financing is only available to senior homeowners or seniors who have considerable equity in their home real estate. The homeowner or borrowers must be over the age of 62. A reverse mortgage offers the flexibility to receive compensation from your reverse mortgage loan in a lump sum or in payments over time an offers long-term care. For more information on reverse mortgages, this guide to the pros and cons of reverse mortgages.

The Good

  • Professional Mortgage Specialists Provided
  • Fees Competitive with Other Reverse Mortgage Lenders
  • Wide Range of Reverse Mortgage Products
  • Silvernest Platform
  • 95% of Loans are Federally Insured

Professional Partners

Finance of America Reverse offers professional retirement assistance through financial advisors, real estate professionals, and mortgage brokers for the borrower. These guides ensure that you are knowledgeable of the process and that you feel assistance every step of the way. They will assist you in reviewing equity solutions to help you live your best retirement.
 
If needed, Real Estate Brokers through FAR can also offer assistance in purchasing a second home through a reverse mortgage loan. Using The Home Equity Conversion Mortgage (HECM), older generations can increase their buying power.

 

Fees are Competitive with Other Reverse Mortgage Lenders

  • FAR recently dropped their origination fee.
  • Offers lender credits on closing costs on certain products for eligible buyers.
  • A borrower can receive compensation from equity conversion for up to $4 million.
  • Overall you can find relatively good deals on closing costs, the origination fee, and other added costs through Finance of America Reverse.

Wide Range of Reverse Mortgage Products

Finance of America Reverse offers a selection of products to assist borrowers in planning for retirement. Each product offers a variety of solutions to fit your retirement needs, such as HECM reverse mortgages, Silvernest, and more.

HECM

  • pay off an existing mortgage loan
  • government insured by the Federal Housing Administration
  • never owe more than your home is worth
  • afford long-term care
  • diversify retirement strategy
  • cover medical expenses
  • renovate your home
  • help your grandchildren pay for college
  • purchase homeowner's insurance

Silvernest

  • earn extra income
  • pairs aging homeowners with qualified housemates
  • share expenses with housemates
  • stay connected
  • live in your primary residence

HomeSafe Select

  • the loan won't add to monthly payments
  • equity conversion
  • use equity funds however you want
  • accommodates higher valued properties up to $10 million
  • offers similar protection to the HECM, the borrower is not held responsible if the loan value ends up exceeding the value of the home
  • still be responsible for property taxes, homeowner's insurance, and other home-related fees

Reverse for Purchase

  • useful if you are looking to purchase a new home
  • offers increased buying power and eliminates monthly mortgage payments
  • you choose the size of the home to fit your needs
  • finance a portion of the total sale price of the home personally
  • finance the rest of the balance with a reverse mortgage
  • live in your new home without a monthly mortgage payment
  • don’t pay off the loan until you leave

Silvernest Platform

Home Sweet Shared Home™ gives baby boomers and empty nesters a platform for finding housemates to stay in their homes, earning them additional income. Borrowers who choose Finance of America Reverse for their reverse mortgage loan get a free one-year subscription for the company’s Silvernest home sharing service as well as costs waived for matching with a housemate.

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The Bad

  • Poor Customer Service
  • Limited Product Availability

Poor Customer Service

While FAR offers free brochures, a loan calculator, and a retirement quiz some consumers have found customer service a hassle to work with through this mortgage lender. Reports have been made of rocky transitions, lack of communication, and delayed response time to consumers. Read what real Finance of America Reverse consumers had to say about their experience in the Finance of America Reverse Reviews.

Limited Product Availability

When using the loan calculator, customers will find that some mortgage loan options are not available in their state where their primary residence is located. When considering Finance of America Reverse, make sure the plan you need is offered in your area. Other reverse mortgage lenders are available in more states.

The Bottom Line

Finance of America Reverse is a viable option to consider among other reverse mortgage lenders when looking for mortgage funding  or retirement income. The company is well established with over 16 years of experience and hundreds of branch officers across the U.S.

FAR offers long-term care at any stage of your retirement process. Whether you are just starting to create a strategy or you are looking for more ways to improve your retirement situation with a reverse mortgage loan, Finance of America Reverse will help you find the mortgage loan that fits your needs.

For more info on FAR, read the Finance of America Reverse reviews below from real FAR customers.

We'll Introduce You!

Call our recommended rep over at Finance of America Reverse below.

1-(888) 641-8581

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User Reviews

Star Rating

4.6
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106 Reviews

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Mikel & Sheir Lowden
May 7th, 2019 Avon, IN DETAILS
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The person we worked with was very helpful. She answered all our questions and made the process very easy.

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Brett Schuller
March 18th, 2019 Lancaster, TX DETAILS
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They kind and very helpful

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John P Franklin
March 18th, 2019 Ephrata, WA DETAILS
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Speed up the process! They were very hard to contact, it seems the only way to get them to call back was to threaten them with scrapping the whole thing. The person we worked with always talked right over us.

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Richard fellner
March 18th, 2019 Austinville, VA DETAILS
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I loved working with the agent but I believe they told me some stuff that wasn't true

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Gary from Florida
March 13th, 2019 Melbourne, FL DETAILS
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They were very friendly and everything they said turned out to be true. It was a good experience.

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Edwin Tompkins
March 13th, 2019 Horseheads, NY DETAILS
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I currently have just an escrow account which pays my property taxes and insurance. I hope to upgrade to a full reverse mortgage in the future to enable me to pay off credit card debt. Customer Service representative Miranda Dorsey has been very helpful in resolving some concerns and problems.

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Denise Burks
March 13th, 2019 Livermore, CA DETAILS
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I first contacted AIG for a Reverse Mortgage. After numerous requests for documents and 90 days later, they would only approve the loan if I put $90K into an escrow account for payment of property taxes. I didn't have the money to put into escrow so I called the 800 number for Finance of America Reverse. I was fortunate to work with Nicole Blane. Within 30 days my loan funded WITHOUT escrow money for property taxes. And I saved $6K on the loan origination fee.

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Betty Ann Davis Derbigny
March 13th, 2019 Denham Springs, LA DETAILS
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The staff at Finance of America/Reverse is very professional,efficient,and caring.Mr.Matthew A,my loan officer,is one of the best,in my opinion.He and his team went over and beyond to make my experience,navigating the reverse mortgage process,most productive and successful.I can never thank him and his team enough,for being such wonderful professionals.----- I have no complaints about Finance of America/Reverse.

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Anneliese Foreaker
March 13th, 2019 Elgin, TX DETAILS
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By keeping the closing date as accurate as possible. don't tell clients by the end of this week and in actuality it is 3 weeks later.

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Alma Gregory
March 13th, 2019 Sapello, NM DETAILS
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Everyone with whom I talked to was extremely helpful and courteous.

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Tonna
March 13th, 2019 Shady Point, OK DETAILS
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Answers all questions quickly

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Leon
March 13th, 2019 Tacoma, WA DETAILS
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The process was pretty easy, customer service is nice n kind.. definitely be bak for future loan.

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Wayne P. Nelson
March 5th, 2019 Rockland, ME DETAILS
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Easy to talk with and discuss the reverse mortgage process.

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Sandra Broughton
March 5th, 2019 Woodway, TX DETAILS
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I liked working with them because I was always kept informed about the progress my loan was making. Also, I was encouraged to call at anytime if I had any questions. I don't know how it could be improved but, it takes a long time from start to finish. I guess when you are working with the government it's always slow.

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Julius Kopielski
March 5th, 2019 Palatine, IL DETAILS
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Flexibility and wiling to create customer satisfaction.

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Judy Johnson
March 5th, 2019 Lynn, MA DETAILS
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The only good thing I have to say about any of the people that I dealt with was that they in general were polite. How to improve? They need to learn how to do their job.

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JESS MARSHALL
March 5th, 2019 Piscataway, NJ DETAILS
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RESPONSIVE AND KNOWLEDGEABLE

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James Williamson
March 5th, 2019 Northfield, MN DETAILS
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Too much paperwork. Paperwork not written for the average person, leagal documents can be written so an most people can understand. Bet I signed my name 100 times.

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Elfrieda Greetveld-Finke
March 5th, 2019 Portland, OR DETAILS
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Katie M, the loan officer, was WONDERFUL!

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Cynthia Delafield
March 5th, 2019 Fort Lauderdale, FL DETAILS
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They made the whole thing easy and send a report every month

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Cindy Benton
March 5th, 2019 Lexington, KY DETAILS
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Loved working with my agent, Randy H. He stayed right on top of everything & always answered my questions.

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Charles Rice
March 5th, 2019 Aurora, CO DETAILS
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I really don;t know much about the company or my loan, very little to no communication with me... I don't know where my loan stands at this point and what my options are...

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Trish
February 26th, 2019 DETAILS
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Kept me informed but very slow otherwise

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Thomas Pace
February 26th, 2019 DETAILS
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My agent Jennifer R made the whole process work for me.

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STEVE LUX
February 26th, 2019 DETAILS
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ERNIE WAS VERY HELPFUL, BY STAYING INVOLVED. I LIKED HIM. IF I HAD TO DO OVER, I'D GO TO HIM. GOOD GUY.

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Sharon
February 26th, 2019 DETAILS
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The Representative was very personable and followed-up every step of the way. If I had concerns or frustrations, he was there to answer all my questions. He walked with me hand and hand, even right up to the closing. They were wonderful. My only regrets....they were not here in Mobile, Al.

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Kay
February 26th, 2019 DETAILS
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Wish they had a secure customer web portal and an app. Communicating with them is totally antiquated.

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Judy Speicher
February 26th, 2019 DETAILS
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The guy I worked with was great in the beginning, but he got caught up in a new job and customer service went down hill.

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John gulli
February 26th, 2019 DETAILS
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The man Tobin was very helpful and addressed all my concerns

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John & Roberta
February 26th, 2019 DETAILS
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We liked having one person of contact to work with. There were many people involved in the process, but only one point of contact that we had to deal with. He was very up to date and informative.

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Joel Z. Olivarez
February 26th, 2019 DETAILS
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They answered all my questions and it all came true. From the first time I talked to their Agent it took two months to closing. Great Company to work with on a Reverse Mortgage.

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Glenn Altwein
February 26th, 2019 DETAILS
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Follow up with documents was very poor!! I still do not have a complete record of my transactions. In my opinion they are in violation of federal law. Don't do business with them!!

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George Busby
February 26th, 2019 DETAILS
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They were great to work with and closed quickly.

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Fran Leone
February 26th, 2019 DETAILS
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I had just one agent that was personable, knowledgeable, and patient, as I had many questions.

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Catherine Veenis
February 26th, 2019 DETAILS
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Have customer service reps who have more experience, know what they are talking about, and don't lie or make things up as they go along if they don't know the answer

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Jody Bailey
February 21st, 2019 DETAILS
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There were a couple a things we had to correct but that was just was lack of understanding of the procedure.

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Harry Mimms
February 21st, 2019 DETAILS
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The young lady that I work with carried me through the whole process and without any problem.

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Ivy Morin
February 21st, 2019 DETAILS
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They were supposed to pay my full year of real estate taxes and they only paid one quarter.

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Lynn Kunkle
February 21st, 2019 DETAILS
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They did everything they said they were going to do. My agent did an excellent job.

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Anonymous
February 21st, 2019 DETAILS
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The person that helped me was a very very nice person and explained everything.

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Ken Garcia
February 21st, 2019 DETAILS
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The customer service is always there and they take care of any problems.

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Rod Baldwin
February 21st, 2019 DETAILS
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The very nice salesmen helped me through all of the little things.

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Anonymous
February 21st, 2019 DETAILS
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The customer service representatives worked with me very well.

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Penny Holbrook
February 21st, 2019 Olympia, WA DETAILS
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The agent I worked with was very knowledgeable and he did everything to get it through. They were very helpful. There were a few bumps in the road, but a very good outcome.

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Virginia Morris
February 21st, 2019 Westmoreland, TN DETAILS
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The agent was such a pleasure to work with. She's just like family. I just really love her. She was social and just helped me a lot. Everything was just done really well.

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Anonymous
February 21st, 2019 Ogallala, NE DETAILS
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I found that the gentleman that worked with me was completely honest and he was just up front with me. They did everything they said they were going to do.

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David Hale
February 21st, 2019 DETAILS
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The customer service has worked everything out with us real good. They've advanced money anytime we've asked for it. They've been good people to work with.

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Speare Primpas
February 21st, 2019 DETAILS
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The customer representatives are very courteous and very prompt. They're very responsive to my questions and their processes run very smoothly.

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Richard Parker
February 21st, 2019 DETAILS
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I liked the people I was dealing with. They seemed to give me some straight answers. It took a little longer than I felt that it should.

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Della Garner
February 21st, 2019 DETAILS
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They seem like they take care of it and so far they have. When I call them, they answer. They always do what they said they would do.