Finance of America Mortgage Programs

When this lender may be reviewed

• An eligible older homeowner wants to evaluate access to equity without a standard monthly principal-and-interest payment.
• The requested loan amount or property falls outside standard conforming limits.
• The homeowner wants secondary financing while leaving an existing first mortgage in place.

When another lender may fit better

• another lender handles the income or property type under more suitable rules
• another lender offers a lower complete payment or closing cost for the same structure
• the program is unavailable in the state or does not fit the intended property use

What we need for a preliminary review

• loan goal and expected state
• property type, value and occupancy
• income type without sending sensitive documents
• timing and approximate transaction funds
• which of Reverse mortgage / Jumbo mortgage you want to compare

How we compare this lender with others

For Finance of America, we first check whether Reverse mortgage, Jumbo mortgage and Second mortgage apply to the state and property. We then compare income treatment, complete payment, costs, documentation and restrictions without promising approval.