Reverse Mortgage Rates and Origination Fees for
Tuesday, February 11 2020
Reverse Mortgage Rates and Origination Fees for Tuesday, February 11 2020
Posted 9:35am EST
The lowest rate in our
Fixed-Rate HECM survey was unchanged for the 26th
straight week on an unchanged origination fee quote. The lowest
origination fee was also unchanged on an unchanged
rate quote. Maximum cash draws were also unchanged.
| Tuesday, February 11 Report on Pricing of Fixed-Rate2 HECM Reverse Mortgage | |||
|---|---|---|---|
| Pricing by 6 competing Reverse Mortgage Lenders1 | Interest Rate | Origination Fee | Maximum Cash Draw by Owner aged 65 with Home Equity of $300,000 |
| Lowest Interest Rate February 11 | 3.680% | $4,499 | $79,342 No Change |
| Change from February 4 | No Change | No Change | |
| Lowest Origination Fee February 11 | 5.060% | $0 | $68,541 No Change |
| Change from February 4 | No Change | No Change | |
1 The following lenders report their interest rates and origination fees to www.mtgprofessor.com:
All Reverse, Centennial Home Mortgage, First Bank,
Goldwater Bank, Goodlife Home Loans, Longbridge
Financial, Mid America Mortgage,Signet Mortgage
2 Fixed-rate pricing published every Tuesday; Adjustable-rate pricing published every Thursday