Reverse Mortgage Rates and Origination Fees for Thursday, April 29 2021
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey was unchanged for the second week on an unchanged origination fee. The lowest origination fee was also unchanged on an unchanged rate.
Thursday, April 29 Report on Pricing of Adjustable-Rate2 HECM Reverse Mortgage3
Pricing by 7 competing Reverse Mortgage Lenders1 Interest Rate Origination Fee Maximum Cash Draw by Owner aged 65 with Home Equity of $300,0004
Lowest Interest Rate April 29 1.810% $4,500 $82,716 + $66,312
Change from April 22 no change no change no change
Lowest Origination Fee April 29 2.050% $2,500 $82,656 + $64,379
Change from April 22 no change no change no change
1 The following lenders report their interest rates and origination fees to All Reverse, Signet Mortgage, Mid America Mortgage, Goodlife Home Loans, Longbridge Financial, Centennial Home Mortgage, Mutual of Omaha Mortgage
2 Adjustable-rate pricing published every Thursday; Fixed-rate pricing published every Tuesday
3 Mortgages with a maximum rate adjustment of 5%
4 Part of credit line is available immediately, and part after 12 months

View historical market rates on HECM reverse mortgages.