American Advisors Group

American Advisors Group

in Reverse Mortgages from American Advisors Group


American Advisors Group


in Reverse Mortgages from American Advisors Group

Net Recommendation Score 0% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Rating not yet determined

In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote
1 user recommends
0 users are unsure
1 user doesn't recommend
Cast your vote
Cast your vote

Would you recommend American Advisors Group to your friends?

Thanks for your vote!

Thanks for your vote!

You voted: May or may not recommend

Community Rating

Rating not yet determined

In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote
Origination Fee ($) $2,500 - $6,000
Loan Amount $75,000 - $4,000,000
Margin Rate 4%

American Advisors Group Review

Where does American Advisors Group do business?

American Advisors Group is based in Orange, CA. The company was founded in 2004 and offers reverse mortages in 49 states (and Washington, DC).

What types of reverse mortgages does American Advisors Group offer?

American Advisors Group allows borrowers to apply for the following types of reverse mortgage.

Lump sum. The borrower can access the entire amount immediately. However, you will need to pay interest on the entire amount regardless of whether you spend it.

A line of credit. This is a more flexible option that allows borrowers to only borrow (and pay interest) on the amount they withdraw from their line of credit. In the case of reverse mortgages, the amount of cash available in your line of credit increases as time goes by.

Monthly disbursement. With this option, you get a monthly allowance. This is a good option if you need an additional source of income to cover your living expenses. It can be used in combination with a line of credit for additional flexibility.

How much can you borrow with a reverse mortgage?

Reverse mortgages are a type of mortgage that makes it possible for older homeowners to borrow money by using the value of their home as security.

The maximum loan amount with this lender is $4,000,000. Note that the maximum loan amount you can borrow will vary depending on the value of the property, your age, how much you owe on it, and your creditworthiness.

American Advisors Group requires borrowers to have an equity of at least 50% of the property value. It also has a maximum loan to value rate of 50%. That means the total debt secured by the property cannot exceed 50% of its value. Let's say you own a property with a current market value of $100k, but you still owe $20k on your mortgage. Your equity would be $80k. In this scenario, if you have good credit, you may qualify for a reverse mortgage of up to $30k.

What range of rates does American Advisors Group offer?

Reverse mortgage rates can be fixed or variable. Fixed rates do not change over the life of the reverse mortgage, but they are only available to homeowners who choose a lump sum payment reverse mortgage. Adjustable reverse mortgage rates are used for borrowers who choose a line of credit or regular payments. They depend on two factors: an index and the lender's margin. Combined they form the adjustable rate charged to borrowers.

Reverse mortgages use the London Interbank Offered Rate, also known as LIBOR, as an index. American Advisors Group has a margin rate of 4%. To illustrate, if the LIBOR were 4%, the reverse mortgage rate would be 8%. Remember this rate does not include origination, servicing or counseling fees

What is the estimated funding time for a home loan via American Advisors Group?

American Advisors Group will typically provide a credit approval decision in less than an hour and fund the loan within 5 and 7 days.

What fees does American Advisors Group charge for a reverse mortgage?

American Advisors Group may charge a loan origination fee of $2500 to $6000

What types of property can you use as security for a reverse mortgage with American Advisors Group?

Lenders often have restrictions on the type of properties they will accept as security for a reverse mortgage. American Advisors Group will consider lines of credit secured by the following property types:

  • Primary home


AMERICAN ADVISORS GROUP Disclosure: These materials are not from HUD or FHA and were not approved by HUD or a government agency. Borrowers remain responsible for paying property taxes and homeowner’s insurance, must occupy home as their primary residence, pay for ongoing maintenance, and otherwise comply with loan terms; otherwise the loan becomes due and payable.
SUPERMONEY Disclosure: is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...


  • Headquarters
  •   3800 West Chapman Avenue,
    3rd Floor
    Orange, CA 92868 USA
  • (800) 224-0103

Message from American Advisors Group

96% Customer Satisfaction Rating from AAG Customer Surveys. Fully Accredited by the Better Business Bureau. The No. 1 Reverse Mortgage Lender in the Nation.

About American Advisors Group


Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 49 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Margin Rate 4%
Origination Fee ($) $2,500 - $6,000
Property Value $100K - $6M
Minimum Age 62
Intended Use
  • Primary Home
Maximum LTV 50%
Minimum Equity 50%
Funding Time Range (in days) 5 - 7
Approval Speed (Hours) 0
Reverse Mortgage Payment Options
  • Line of credit
  • Lump sum
  • Monthly disbursement
Reverse Mortgage Options
  • HECM for Home Purchase
  • Saver
  • Standard
Loan Amount $75K - $4M

American Advisors Group Community Reviews


Would you recommend American Advisors Group to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
Cancel my vote
(will require moderator approval)