Last Updated: 06/27/2025
American Advisors Group Reverse Mortgage
Claimed
Last Updated: 06/27/2025
SuperMoney User Recommendation Score +20
Mostly recommended5 total votes
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Highlights
Community Rating
Mostly recommended
Amount Range
$75,000 - $4,000,000
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Margin Rate
4%
Origination Fee ($)
$2,500 - $6,000
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Number of Reviews
American Advisors Group Reverse Mortgage Review
American Advisors Group Reverse Mortgage is offered by American Advisors Group , a licensed broker founded in 2004 and based in Irvine, CA. American Advisors Group Reverse Mortgage are available in 49 states and Washington, DC.
Key Takeaways
- High borrowing limits. American Advisors Group Reverse Mortgage offers reverse mortgages up to $4,000,000, making it a suitable option for high-value homes.
- Loan amount range: Borrowers can receive between $75,000 and $4,000,000 depending on their age, home value, and equity.
- Origination fees of $2,500 to $6,000.
- Only primary residences are eligible. American Advisors Group Reverse Mortgage does not offer reverse mortgages for vacation or investment properties.
- Fast process. In some cases you can refinance your mortgage loan within 5 business days.
- Maximum LTV. American Advisors Group Reverse Mortgage has a maximum loan to value ratio of 50%.
- The lender’s margin is 4%. 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 8%. The higher the margin, the faster your loan balance grows over time.
American Advisors Group Reverse Mortgage Pros & Cons
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American Advisors Group 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. American Advisors Group Reverse Mortgage allows a maximum loan amount of $4,000,000.
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 American Advisors Group 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.
American Advisors Group Reverse Mortgage's margin is 4%. For example, if the index rate is 4%, your interest rate would be 8%.
What is the estimated funding time for a reverse mortgage via American Advisors Group Reverse Mortgage?
American Advisors Group Reverse Mortgage typically approves applications in hour and funds loans within 5 to 7 days.
What fees does American Advisors Group Reverse Mortgage charge for a reverse mortgage?
Origination fee: American Advisors Group Reverse Mortgage may charge a fee or $2500 to $6000 .
What property types are eligible?
American Advisors Group Reverse Mortgage offers reverse mortgages on the following types of properties:
- Primary residence
Is American Advisors Group a legit company?
American Advisors Group was founded in 2004, it is a well-established company that has been in business for 22 years. Based on their "mostly recommended" SuperMoney community rating, they seem to be a reputable company.
American Advisors Group Reverse Mortgage 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: SuperMoney.com 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...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from American Advisors Group Reverse Mortgage
Message from our editor
What we love about American Advisors Group Reverse Mortgage
American Advisors Group is one of the top reverse mortgage providers in the United States, helping people turn their home equity into a stream of income that they can live on during retirement. It’s a well-known and trusted company in an industry that is prone to scammers and other unsavory actors.
The company has clear eligibility requirements, one of which is going through counseling with a third-party advisor to make sure that a reverse mortgage is the right choice for you. This can help customers feel confident that they aren’t being misled and that a reverse mortgage can help them achieve their goals.
What could American Advisors Group Reverse Mortgage do better?
The drawback of most reverse mortgage companies is that reverse mortgages often aren’t a great deal, even if you’re working with a reputable business. Reverse mortgages can involve a lot of fees and you may be able to get more value for your home in another way.
American Advisors Group doesn’t provide upfront information about its interest rates on its website, so to get an accurate quote, you’ll need to start the application process. This can make it more difficult to shop around to find the best deal.
American Advisors Group Reverse Mortgage’s backstory
American Advisors Group was founded in Irvine, California in 2004 and has since grown to be one of the largest reverse mortgage businesses in the United States. It operates in 48 states and has become well-known for working with celebrity spokespeople, including actors and politicians.
The Verdict
If you’re looking for a reverse mortgage, American Advisors Group is one of the top businesses in the country to work with. You can feel confident that you’ll get a good deal, but make sure that you shop around and take the time to consider whether a reverse mortgage is the right choice for your situation.
Contact
Headquarters
Hours of Operation
Sunday
Closed
Monday
6:00AM - 5:00PM
Tuesday
6:00AM - 5:00PM
Wednesday
6:00AM - 5:00PM
Thursday
6:00AM - 5:00PM
Friday
6:00AM - 5:00PM
Saturday
8:00AM - 12:00PM