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Reverse Mortgages
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Last Updated: 06/27/2025

New American Funding Reverse Mortgage

in Reverse Mortgages from New American Funding

Last Updated: 06/27/2025

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Highlights

Amount Range

Starting at $400,000

Margin Rate

N/A

Origination Fee ($)

$2,500 - $6,000

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New American Funding Reverse Mortgage Review

New American Funding Reverse Mortgage is offered by New American Funding (NMLS #6606), a direct lender founded in 2003 and based in Austin, TX. New American Funding Reverse Mortgage are available in 7 states.

Key Takeaways

  • Origination fees of $2,500 to $6,000.
  • Only primary residences are eligible. New American Funding Reverse Mortgage does not offer reverse mortgages for vacation or investment properties.
  • Maximum LTV. New American Funding Reverse Mortgage has a maximum loan to value ratio of 40%.

New American Funding Reverse Mortgage Pros & Cons

New American Funding Reverse Mortgage FAQ

What fees does New American Funding Reverse Mortgage charge for a reverse mortgage?

Origination fee: New American Funding Reverse Mortgage may charge a fee or $2500 to $6000 .

What property types are eligible?

New American Funding Reverse Mortgage offers reverse mortgages on the following types of properties:
  • Primary residence

Is New American Funding a legit company?

New American Funding was founded in 2003, it is a well-established company that has been in business for 23 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

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.

Contact

Headquarters

8201 N FM 620
Suite 120
Austin, TX 78726
Visit Site

Hours of Operation

Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed

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