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Last Updated: 06/27/2025

Summit Funding Reverse Mortgage

in Reverse Mortgages from Summit Funding

Last Updated: 06/27/2025

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Summit Funding Reverse Mortgage Review

Summit Funding Reverse Mortgage is offered by Summit Funding (NMLS #3199), a direct lender founded in 1995 and based in Sacramento, CA. Summit Funding Reverse Mortgage are available in 39 states and Washington, DC.

Key Takeaways

Only primary residences are eligible. Summit Funding Reverse Mortgage does not offer reverse mortgages for vacation or investment properties.

Summit Funding Reverse Mortgage Pros & Cons

Pros

Cons

Available in 39 states.

Charges an origination fee.
Charges prepayment fees.

Summit Funding Reverse Mortgage FAQ

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

Origination fee: Summit Funding Reverse Mortgage may charge a fee .

Closing costs: Start at 2% and can go up to 5% of the loan amount.

What property types are eligible?

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

Primary residence

Is Summit Funding a legit company?

Summit Funding was founded in 1995, it is a well-established company that has been in business for 31 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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Contact

Headquarters

2241 Harvard Street,

Suite 200

Sacramento, CA 95815

(916) 571-3000

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