Reverse Mortgage Rates and Origination Fees for
Tuesday, January 21 2020
Reverse Mortgage Rates and Origination Fees for Tuesday, January 21 2020
Posted 9:35am EST
The lowest rate in our
Fixed-Rate HECM survey was unchanged for the 23th
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, January 21 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 January 21 | 3.680% | $4,499 | $79,342 No Change |
| Change from January 14 | No Change | No Change | |
| Lowest Origination Fee January 21 | 5.060% | $0 | $68,541 No Change |
| Change from January 14 | 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