Skip to main content

Finance of America Reverse Offers HomeSafe Select in Florida

Phil Hall
Jul 16, 2019
Finance of America Reverse LLC (FAR) has appointed Jessica Hanson as an account executive in the Wholesale Lending Department

Finance of America Reverse LLC (FAR), a San Diego-headquartered reverse mortgage originator and provider of retirement loan products, has launched its HomeSafe Select offering in the Florida market.
 
According to FAR, the proprietary HomeSafe Select is a non-FHA adjustable rate reverse mortgage that offers up to 75 percent of loan proceeds as an open-ended line of credit. The company added this is the only reverse mortgage product that offers borrowers a line of credit.
 
“HomeSafe Select is an attractive alternative to a HELOC particularly since there is no monthly mortgage payment required,” said Jonathan Scarpati, vice president of wholesale at FAR. “Through this offering–and the industry’s most comprehensive suite of proprietary products–we are greatly enhancing options for borrowers in Florida, particularly in pockets of the state with a concentration of high-home values.”

 
Published
Jul 16, 2019
More from
Reverse
Open Mortgage Hires New National Director of Reverse Sales

Charith Rodrigo joins company from American Advisors Group.

Career
May 04, 2022
Reverse Mortgage Industry Sees April Drop In Loans

Decline comes after previous month’s 10-year high

Reverse
May 03, 2022
Reverse Mortgage Veteran Joins Steven J. Sless Group

Christopher Hartley will focus on increasing reverse mortgage originations

Reverse
Apr 15, 2022
ReverseVision Inc. Acquired By Constellation Mortgage Solutions Inc.

Constellation Mortgage Solutions Inc. announced the acquisition of ReverseVision, Inc., a home equity conversion mortgage and private reverse mortgage sales origination software company.

Home Equity
Feb 11, 2022
Steven J. Sless Group Of PRMI Appoints New Retail Production Manager

The Steven J. Sless Group of Primary Residential Mortgage named Greg Pahel as retail production manager, overseeing consumer direct reverse mortgage production.

Reverse
Jan 12, 2022
Washington Trust Hires New MLO

The Washington Trust Company hired Matthew McCarthy of Bloomfield, CT as a mortgage loan officer.

Community
Dec 16, 2021