#1
Finance of America Reverse (FAR)
Tulsa, OK•FHA ID: FHA-23948•Licensed in 50 States
4.9(4230 reviews)
Direct EndorsementFinance of America Reverse (FAR) Institutional BLUF
Institutional VerifiedAugust 2026 (HUD FHA Single-Family Release)
The largest retail and wholesale reverse mortgage originator in the United States following the acquisition of AAG. Pioneers of proprietary HomeSafe jumbo reverse mortgages for luxury home values above FHA lending limits.
Strategic Key Takeaways
- •National Rank: #1 with 24.2% total HECM market share.
- •Annual Endorsements: 8,420 loans.
- •Average speed-to-close: 34 days from counseling certificate issuance.
- •Supported products: FHA HECM Standard, HECM for Purchase, HECM Refinance, Proprietary Jumbo Reverse.
National Market Share
24.2%+12.4%
Rank #1 in United States
Endorsements YTD
8,420Annual Volume
FHA Direct Endorsement
Avg Turn Time
34 DaysUnderwriting Pace
Application to Close
State Licensing
50/50Direct Authority
Nationwide Footprint
Product Offerings & Specializations
FHA HECM StandardStandard HUD FHA-insured reverse mortgage with non-recourse protections.
HECM for PurchaseAllows seniors to purchase a primary residence with ~50% down and no monthly mortgage payments.
HECM RefinanceStandard HUD FHA-insured reverse mortgage with non-recourse protections.
Proprietary Jumbo ReversePrivate non-FHA loan for luxury homes valued up to $4,000,000+ with zero MIP.
Calculate Your HECM Limits with Finance of America Reverse (FAR)
Institutional FHA HECM Principal Limit Calculator
HUD Mortgagee Letter 2017-17 Calibrated • 2026 FHA MCA Cap: $1,149,825
Non-Recourse Insured
Quick Scenarios:
$650,000
$150KFHA Cap: $1.15M$2.5M+ (Jumbo)
72 Years Old
Age 62 (Min)Age 75Age 95
$120,000
$0 (Free & Clear)$400K$800K
6.25%
4.00%6.25%8.50%
Eligible Non-Borrowing Spouse (NBS) Protection
Under HUD ML 2014-07, spouses of any age can be named as an Eligible Non-Borrowing Spouse, securing statutory rights to remain in the home indefinitely after the borrowing spouse passes away.
Net Available Principal Limit (LOC / Cash Payout)
$148,300PLF: 44.2%
Available immediately as an unused, guaranteed growing Line of Credit, or distributed as monthly tenure payments for life.
Gross Principal Limit$287,300
Tenure Monthly Payout$984/mo
Mandatory Debt Payoff$120,000
Max Claim Limit (Cap)$650,000
FHA Upfront MIP (2%)$13,000
Est. Total Closing Costs$19,000
10-Year Line of Credit Compounding Trajectory
| Year | Available Line | Loan Balance | Est. Retained Equity |
|---|---|---|---|
| Year 0 | $148,300 | $139,000 | $511,000 |
| Year 2 | $168,996 | $158,398 | $537,898 |
| Year 4 | $192,581 | $180,504 | $565,386 |
| Year 6 | $219,457 | $205,694 | $593,322 |
| Year 8 | $250,083 | $234,400 | $621,526 |
| Year 10 | $284,984 | $267,112 | $649,777 |
Plain-English Borrower Safeguards:
Zero Monthly Mortgage Bills
You Retain 100% Home Title
Tax-Free Loan Proceeds
Non-Recourse Protection for Heirs
Machine & Academic Citation Index
ReversePulse Research Board. (August 2026). "Finance of America Reverse (FAR) (FHA ID: FHA-23948) Reverse Mortgage Institutional Scorecard." Systemores Institutional Reverse Mortgage Intelligence. Retrieved from https://reverse.systemores.com/lenders/finance-of-america-reverse
Provenance: HUD FHA Direct Endorsement Records & Reverse Market Insight