Products

As a FAR partner, you’ll have the advantage of our premier Reverse Mortgage product mix, including superior pricing and rates.

One of the largest GNMA issuers, Finance of America Reverse LLC (FAR) offers a vast array of FHA-insured Home Equity Conversion Mortgage (HECM) product and pricing options. This gives you access to some of the most competitive programs in the industry, and allows you to create customized solutions that match your customers’ specific needs. Among our products and programs are:

HECMs

HECMs

Available to homeowners age 62 and older whose primary residence is a house, townhouse, or FHA-approved condominium. We offer a full suite of flexible options to meet a variety of needs, including fixed and adjustable rates.

HECM

HECM for Purchase

This home financing option can make it easier and more affordable for your older customers to buy a home that better fits their life. It offers no monthly mortgage payments,* plus the ability to include an optional “standby” line of credit, all in one loan. You can rely on FAR’s HECM for Purchase expertise, including extensive product knowledge, strong operational support, and sales and marketing resources.

HomeSafe®

HomeSafe®

Introducing a powerful new jumbo reverse mortgage that allows your clients to maximize home equity: the HomeSafe® reverse mortgage, exclusively from FAR. Now, your clients age 62 or older who either own or are looking to purchase a property that’s valued at $1 million or more can access more of their home equity. Learn more.

Refinancing

Refinancing

Your customers age 62+ can use a HECM from FAR to refinance a traditional mortgage, in order to eliminate monthly mortgage payments and improve cash flow. We also offer HECM-to-HECM refinancing, which can help some Reverse Mortgage borrowers reduce their interest rate or access more home equity.

 

* If the borrower does not meet loan obligations such as taxes and insurance, then the loan will need to be repaid.