Skip to main content

Finance of America Reverse Lowers Eligibility Age on Products

Phil Hall
Nov 19, 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 lender and provider of retirement solutions, has lowered the eligibility age for borrowers on its HomeSafe Standard, HomeSafe Flex and HomeSafe Second products from 62 to 60.
 
The company added that the lower age eligibility will not take effect in Texas and Utah, which have retained 62 as the minimum age for borrowers to qualify for such products.
 
“We are pleased to meet industry demand for this amendment but stress that borrower responsibility is paramount in factoring in whether this new timeline makes sense for their long-term retirement goals,” said Kristen Sieffert, president of FAR.

 
Published
Nov 19, 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