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Last Updated: 12/23/2025

One Reverse Mortgage

in Reverse Mortgages from Quicken Loans

Last Updated: 12/23/2025

Rating not yet determined3 total votes

3 users recommend

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Highlights

Amount Range

$10,000 - $4,000,000

Margin Rate

Origination Fee ($)

$2,500 - $6,000

One Reverse Mortgage Review

One Reverse Mortgage is offered by Quicken Loans (NMLS #3030), a direct lender founded in 1985 and based in Detroit, MI. One Reverse are available in 47 states and Washington, DC.

Key Takeaways

High borrowing limits. One 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 $10,000 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. One Reverse Mortgage does not offer reverse mortgages for vacation or investment properties.
Fast process. In some cases you can refinance your mortgage loan within 1 business day.
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.

One Reverse Mortgage Pros & Cons

Pros

Cons

High borrowing limits of up to $4,000,000.
Available in 47 states.

Charges an origination fee.
Charges prepayment fees.

One 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. One Reverse Mortgage allows a maximum loan amount of $4,000,000.

What range of rates does One 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.

One 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 One Reverse Mortgage?

One Reverse Mortgage typically approves applications in hour and funds loans within 1 to 30 days.

What fees does One Reverse Mortgage charge for a reverse mortgage?

Origination fee: One Reverse Mortgage may charge a fee or $2500 to $6000 .

What property types are eligible?

One Reverse Mortgage offers reverse mortgages on the following types of properties:

Primary residence

Is Quicken Loans a legit company?

Quicken Loans was founded in 1985, it is a well-established company that has been in business for 41 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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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

1050 Woodward Avenue

Detroit, MI 48226

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Other Services by Quicken Loans

Home Mortgage Loans

2 products

41 Reviews

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43 Reviews

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One Reverse Mortgage Community Reviews

Would you recommend One Reverse Mortgage to your friends?

Warda S.

Sep 28, 2021

May or may not recommend

We just recently get a home loan from Mclean Mortgage and they want to transfer us to the other mortgage company. So, I give them a chance and I find them great at their buisness.

Gaby R.

Nov 5, 2020

May or may not recommend

I have had experience in the past with Quicken Loans and I've always liked them. They seem to make things super easy. I loved using One Reverse Mortgage! I got a lump sum and the entire process was super easy. I prefer lump sums to smaller loans because I like being able to pay it off how I like and when I like. One Reverse made it super easy!

P N.

Oct 16, 2020

May or may not recommend

One Reverse Mortgage Reverse Mortgages resources have been a beneficial guide. I don't have to worry about changes in the market as it will not impact my monthly payments rate. It's Interesting to also know that I could refinance my mortgage by committing my home’s equity to borrow a fixed amount of money, with a low fixed interest rate.

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