In addition to FHA-backed home equity conversion mortgages, Finance of America offers HomeSafe Standard, a jumbo reverse loan for as much as $4 million that's available to borrowers age 55 and older.

With the ARLO calculator, your quote includes your ... 40 to 60 percent of their home value, depending on age, the type of reverse mortgage they select, and current interest rates.

In 2021, the average age of an HECM borrower was 73 years old, with the average home value $415,000, according to Steve Irwin, president of the National Reverse Mortgage Lenders Association.

Reverse mortgages are a type of home loan available to homeowners age 62 and older. The Home Equity Conversion Mortgages (HECMs) program is administered by HUD (the Housing and Urban Development ...