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Last Updated: 06/27/2025

Affinity Home Equity Solutions Reverse Mortgage

in Reverse Mortgages from Affinity Home Equity Solutions, LLC

Last Updated: 06/27/2025

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Highlights

Amount Range

$20,000 - $679,650

Margin Rate

Origination Fee ($)

Up to $6,000

Affinity Home Equity Solutions Reverse Mortgage Review

Affinity Home Equity Solutions Reverse Mortgage is offered by Affinity Home Equity Solutions, LLC , founded in 2008 and based in Tallmadge, OH. Affinity Home Equity Solutions Reverse Mortgage are available in 1 state.

Key Takeaways

Loan amount range: Borrowers can receive between $20,000 and $679,650 depending on their age, home value, and equity.
Only primary residences are eligible. Affinity Home Equity Solutions Reverse Mortgage does not offer reverse mortgages for vacation or investment properties.
Maximum LTV. Affinity Home Equity Solutions Reverse Mortgage has a maximum loan to value ratio of 50%.
The lender’s margin is 2%. This is the fixed percentage added to the base index (such as SOFR or CMT) to calculate your total interest rate. For example, if the index rate is 4%, your full interest rate would be 6%. The higher the margin, the faster your loan balance grows over time.

Affinity Home Equity Solutions Reverse Mortgage Pros & Cons

Pros

Cons

Charges an origination fee.
Charges prepayment fees.
Only available in 1 state

Affinity Home Equity Solutions Reverse Mortgage FAQ

How much can you borrow with a reverse mortgage?

Reverse mortgages let older homeowners borrow using their home’s equity as security. Affinity Home Equity Solutions Reverse Mortgage allows a maximum loan amount of $679,650.

You must have at least 50% equity in your home.

The maximum loan-to-value (LTV) ratio is 50%. That means your total secured debt cannot exceed that percentage of your home's appraised value.

What range of rates does Affinity Home Equity Solutions Reverse Mortgage offer?

Reverse mortgage rates may be fixed (only for lump sum) or adjustable (used for monthly or line of credit payments). Adjustable rates are based on an index plus the lender’s margin.

Affinity Home Equity Solutions Reverse Mortgage's margin is 2%. For example, if the index rate is 4%, your interest rate would be 6%.

What is the estimated funding time for a reverse mortgage via Affinity Home Equity Solutions Reverse Mortgage?

Affinity Home Equity Solutions Reverse Mortgage typically approves applications in hour and funds loans within 30 to 45 days.

What fees does Affinity Home Equity Solutions Reverse Mortgage charge for a reverse mortgage?

Origination fee: Affinity Home Equity Solutions Reverse Mortgage may charge a fee or up to $6000 .

Servicing fee: $10 to $100 per month.

Counseling fee: $125.

Closing costs: Start at 1% and can go up to 2% of the loan amount.

What property types are eligible?

Affinity Home Equity Solutions Reverse Mortgage offers reverse mortgages on the following types of properties:

Primary residence

Is Affinity Home Equity Solutions, LLC a legit company?

Affinity Home Equity Solutions, LLC was founded in 2008, it is a well-established company that has been in business for 18 years.

Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

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Contact

Headquarters

223 Northwest Avenue #2A

Tallmadge, OH 44278

(330) 633-7765

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