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  Veritas Funding Reverse Mortgage

Veritas Funding Reverse Mortgage

in Reverse Mortgages from Veritas Funding · NMLS ID #252108

Unaffiliated

Veritas Funding Reverse Mortgage

Unaffiliated

in Reverse Mortgages from Veritas Funding · NMLS ID #252108

Net Recommendation Score +50

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +50, equating to 4 on a 5 point rating scale.

+50

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Highlights
Community Rating

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Loan Amount N/A
Margin Rate N/A
Origination Fee ($) $2,500 - $6,000

Veritas Funding Reverse Mortgage Review

Veritas Funding Reverse Mortgage is offered by Veritas Funding (NMLS #252108), a direct lender founded in 2004 and based in Midvale, UT. Veritas Funding Reverse Mortgage is available in 13 states across the USA.

Veritas Funding Reverse Mortgage FAQ

What types of reverse mortgages does Veritas Funding Reverse Mortgage offer?

Veritas Funding Reverse Mortgage allows borrowers to apply for the following types of reverse mortgage.

Lump sum. The borrower can access the entire amount immediately. However, you will need to pay interest on the entire amount regardless of whether you spend it.

Monthly disbursement. With this option, you get a monthly allowance. This is a good option if you need an additional source of income to cover your living expenses. It can be used in combination with a line of credit for additional flexibility.

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

Veritas Funding Reverse Mortgage may charge a loan origination fee of $2500 to $6000

There is also a one-time counseling fee of $125 to consider.

What types of property can you use as security for a reverse mortgage with Veritas Funding Reverse Mortgage?

Lenders often have restrictions on the type of properties they will accept as security for a reverse mortgage. Veritas Funding Reverse Mortgage will consider lines of credit secured by the following property types:

  • Primary home

 

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Other Services by Veritas Funding

Availability

  Available in 13 states
  • Arizona
  • California
  • Colorado
  • Idaho
  • North Carolina
  • Ohio
  • Oregon
  • South Carolina
  • Tennessee
  • Texas
  • Utah
  • Washington
  • Wyoming

Feature Breakdown

Counseling Fee $125
Origination Fee ($) $2,500 - $6,000
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Intended Use Primary Home
Minimum Age 62
Reverse Mortgage Options Standard
Reverse Mortgage Payment Options
  • Line Of Credit
  • Lump sum
  • Monthly disbursement

Veritas Funding Reverse Mortgage Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +50, equating to 4 on a 5 point rating scale.

+50

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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