Reverse-Mortgage-Truth.com

Non-FHA Jumbo Reverse Mortgages:
Financial Freedom Cash Account Advantage Reverse Mortgage: 6.66% (Index is 6 month LIBOR at 3.16% plus margin of 3.5%)
Fixed Rate Jumbo Reverse Mortgage: 8.625% (available on home values up to $10,000,000)
LLS Financial EPA Jumbo: 6.65%

FHA Reverse Mortgages:
HECM, which is the FHA Home Equity Conversion Mortgage rate is 3.64% (Index is the 1 Year CMT at 2.14% plus a margin of 1.5%)
The fixed rate HECM is at 6.56% to 6.83% (depending on the bank)

Get a reverse mortgage quote for the details and Total Annual Loan Cost (like APR). These interest rates do not include closing costs.

FHA Reverse Mortgages:
FHA Home Equity Conversion Mortgage (HECM) rate is unchanged this week at: 3.66% (Index is the 1 Year CMT at 2.16% plus a margin of 1.5%)
The FHA Fixed rate HECM Reverse Mortgage: 6.31% to 6.55% (depending on the bank)

Jumbo Reverse Mortgages:
Financial Freedom Cash Account Advantage Reverse Mortgage: 6.66% (Index is 6 month LIBOR at 3.16% plus margin of 3.5%)
Fixed Rate Jumbo Reverse Mortgage: 8.375% (available on home values up to $10,000,000)

Interest rates do not account for closing costs and are not APR’s. Feel free to contact us or your lender for a reverse mortgage quote.

FHA Reverse Mortgages:
The FHA Home Equity Conversion Mortgage (HECM) rate is the same as last week at 3.57% (Index is the 1 Year CMT at 2.07% plus a margin of 1.5%)
The FHA Fixed rate HECM Reverse Mortgage: 6.31% to 6.45% (depending on the bank)

Jumbo Reverse Mortgages:
Financial Freedom Cash Account Advantage Reverse Mortgage: 6.64% (Index is 6 month LIBOR at 3.14% plus margin of 3.5%)
Suspended: Bank of America Independence Plan Reverse Mortgage

Interest rates do not account for closing costs and are not APR’s. Feel free to contact us or your lender for a reverse mortgage quote.

Jumbo Reverse Mortgages:
Financial Freedom Cash Account Advantage Reverse Mortgage: 6.39% (Index is 6 month LIBOR at 2.89% plus margin of 3.5%)
Bank of America Independence Plan Reverse Mortgage: Suspended

FHA Reverse Mortgages:
FHA Home Equity Conversion Mortgage (HECM) rate: 3.57% (Index is the 1 Year CMT at 2.07% plus a margin of 1.5%)
FHA Fixed rate HECM Reverse Mortgage: 6.06% to 6.40% (depending on the bank)

Interest rates do not account for closing costs and are not APR’s. Contact a lender for a reverse mortgage quote.