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Last Updated: 06/27/2025

Primary Residential Reverse Mortgage

from Primary Residential Mortgage

Last Updated: 06/27/2025

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1 user recommends

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Highlights

Amount Range

N/A

Margin Rate

N/A

Origination Fee ($)

$2,500 - $6,000

Primary Residential Reverse Mortgage Review

Primary Residential Reverse Mortgage is offered by Primary Residential Mortgage (NMLS #3094), a direct lender founded in 1998 and based in Salt Lake City, UT. Primary Residential Reverse Mortgage are available in 49 states.

Key Takeaways

Origination fees of $2,500 to $6,000.
Only primary residences are eligible. Primary Residential Reverse Mortgage does not offer reverse mortgages for vacation or investment properties.

Primary Residential Reverse Mortgage Pros & Cons

Pros

Cons

Available in 49 states

Charges an origination fee.
Charges prepayment fees.

Primary Residential Reverse Mortgage FAQ

What fees does Primary Residential Reverse Mortgage charge for a reverse mortgage?

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

Counseling fee: $125.

What property types are eligible?

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

Primary residence

Is Primary Residential Mortgage a legit company?

Primary Residential Mortgage was founded in 1998, it is a well-established company that has been in business for 28 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

1480 N. 2200 W

Salt Lake City, UT 84116

(800) 255-2792

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Email Support

Other Services by Primary Residential Mortgage

Home Mortgage Loans

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SuperMoney Net Recommendation Score

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Primary Residential Reverse Mortgage Community Reviews

Would you recommend Primary Residential Reverse Mortgage to your friends?

Aaron K.

Jan 5, 2021

May or may not recommend

Primary Residential offers reverse mortgages to people over 65 years old. PRMI is based in Salt Lake City, Utah, but offers loans in nearly all of the U.S. Although they may not have the name recognition of some of some other brands, they are actually one of the larger companies in the business, which means they have access to a lot of resources. Your experience may depend a bit on ...Show More

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