Products

By applying fresh and progressive thinking, we're delivering highly flexible reverse mortgage options, with aggressively competitive pricing and superior service. It's all about giving you more choices that meet the needs of today's consumers.

Reverse Mortgage Funding LLC (RMF) offers a full array of Home Equity Conversion Mortgage (HECM) loans, plus the expertise to help you understand and navigate HUD product changes.

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HECM Annual Adjustable Rate:

Get greater protection from rising interest rates

HECM Annual is a reverse mortgage whose interest rate adjusts only once a year, with a “lifetime cap” to ensure that your client’s rate will never go beyond a certain percentage over the initial rate. In addition, there’s an “interval cap” that guarantees that the interest rate cannot increase by more than a certain percentage annually. And to help give your client’s financial flexibility, they have the choice of taking their funds as a lump sum, monthly advances, a line of credit or a combination of these.

HECM Monthly Adjustable Rate

The interest rate on this HECM fluctuates on a monthly basis, but it also offers more options for homeowners — including a “rate cap” that guarantees that the rate will never go up more than a certain percent over the initial rate (depending on the loan options they choose). Your customers can select a lump sum draw, line of credit, monthly advances, or a combination of these options. For example, a customer might choose to take some of the cash up front and put the rest in a line of credit, so it’s available when and if they need it.

HECM Fixed Rate

With an interest rate that’s established at the loan closing — and fixed for the life of the loan — your clients always know exactly how much interest is accruing on their loan. However, with a HECM Fixed Rate, homeowners are required to take all of their money at closing in one lump sum. This may be a desirable choice if they’re using their HECM to pay off an existing mortgage or cover other immediate needs.

HECM for Purchase

This home financing solution helps your clients purchase a new home that will better fit their lifestyle by taking out a loan on the home they are buying. If you’re interested in expanding your business with HECM for Purchase, we can help! As an industry leader with this product, we have the keys to unlocking this sales opportunity. We can teach you what you need to know to be successful, show you how to educate consumers as well as realtors and builders who can help you expand your customer base, and give you the support of HECM for Purchase experts.

Condo Project Financing

RMF specializes in securing reverse mortgage Condo Project Approval for your clients who own or are planning to purchase a condominium. Our Condo Project Approval Specialists will process the application on behalf of your clients at no cost. As your reverse mortgage partner, we also offer assistance with project recertification and a range of financing options to help set you apart with prospective clients.

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Pricing Options for Low-Utilized Loans

It’s now financially viable for your business to originate lower-utilized loans.

The Service Fee Pricing option for brokers and principal/authorized agents is an innovative pricing platform that allows RMF clients to effectively service the needs of today’s customer: those seeking standby lines of credit.

Reverse mortgages have been re-engineered, making them attractive alternatives to home equity loans and lines of credit—and with certain benefits to the customer. In fact, in many cases, a reverse mortgage line of credit is more suitable for customers age 62+ than a traditional home equity line of credit (HELOC). So this pricing option allows you to expand your marketing efforts by attracting these customers. It’s designed to provide you with:

Increased revenue, allowing you to write more lower-utilized loans
Greater ability to offer credits to borrowers
An option that’s even more competitive against a HELOC