Finance of America Reverse at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 8 reverse-mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
29th13.3% deniedProcesswithdrawn + incomplete share, weight 15%
43rd18.7%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 11,573 | 7,754 | 11.7% | 14.7% | 7.71% | $2.1B |
| 2024 | 12,529 | 8,638 | 8.6% | 10.8% | 7.39% | $2.5B |
| 2025 | 12,584 | 8,696 | 10.8% | 13.3% | 6.50% | $3.0B |
What Finance of America Reverse lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 9,491 home-equity lines, 12,584 reverse mortgages, 331 manufactured homes, 0 investment properties.
Why Finance of America Reverse denies applications
Primary reason reported for each of the 1,362 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Finance of America Reverse
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 9,216 | 6,289 | 13.6% |
| $50k – $100k | 2,401 | 1,728 | 12.2% |
| $100k – $150k | 265 | 188 | 14.0% |
| $150k – $250k | 108 | 76 | 14.3% |
| Over $250k | 53 | 28 | 27.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 55–64 | 1,193 | 771 | 15.9% |
| 65–74 | 4,923 | 3,361 | 14.4% |
| Over 74 | 6,463 | 4,562 | 12.1% |
Where Finance of America Reverse lends
51 states and 1,431 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| California | 3,527 | 2,527 | 9.5% | 8.99% | #56 |
| Florida | 1,219 | 786 | 13.4% | 6.50% | #131 |
| Texas | 852 | 524 | 15.4% | 6.38% | #184 |
| New York | 538 | 368 | 10.0% | 6.50% | #130 |
| Arizona | 517 | 401 | 7.5% | 6.50% | #107 |
| Washington | 446 | 337 | 7.2% | 6.50% | #110 |
| Colorado | 401 | 303 | 8.5% | 6.38% | #122 |
| New Jersey | 388 | 280 | 11.1% | 6.50% | #140 |
| North Carolina | 364 | 254 | 9.1% | 6.13% | #170 |
| Georgia | 302 | 195 | 9.9% | 6.38% | #201 |
| Virginia | 257 | 189 | 10.5% | 6.25% | #181 |
| Nevada | 251 | 187 | 8.0% | 6.52% | #90 |
| Oregon | 223 | 155 | 9.4% | 6.38% | #111 |
| Pennsylvania | 223 | 142 | 12.6% | 6.38% | #258 |
| South Carolina | 222 | 153 | 9.9% | 6.50% | #176 |
| Utah | 206 | 152 | 10.7% | 6.38% | #97 |
| Massachusetts | 199 | 139 | 10.1% | 6.63% | #164 |
| Tennessee | 196 | 129 | 10.2% | 6.13% | #219 |
| Michigan | 187 | 105 | 19.3% | 6.38% | #221 |
| Illinois | 164 | 111 | 9.8% | 6.50% | #281 |
| Idaho | 153 | 119 | 9.8% | 6.50% | #99 |
| Ohio | 150 | 95 | 12.7% | 6.25% | #272 |
| Maryland | 148 | 101 | 14.2% | 6.25% | #193 |
| Hawaii | 127 | 101 | 4.7% | 8.24% | #49 |
| Connecticut | 123 | 75 | 16.3% | 6.50% | #153 |
| Missouri | 113 | 77 | 8.9% | 6.38% | #255 |
| Indiana | 111 | 76 | 10.8% | 6.38% | #258 |
| Minnesota | 85 | 58 | 15.3% | 6.50% | #225 |
| Montana | 71 | 41 | 21.1% | 6.38% | #76 |
| New Mexico | 65 | 38 | 9.2% | 6.25% | #128 |
| Alabama | 63 | 40 | 14.3% | 6.00% | #282 |
| Oklahoma | 63 | 40 | 17.5% | 6.50% | #237 |
| Kentucky | 57 | 37 | 12.3% | 6.25% | #254 |
| Louisiana | 55 | 30 | 12.7% | 6.31% | #240 |
| Wisconsin | 55 | 33 | 16.4% | 6.38% | #324 |
| Maine | 54 | 29 | 25.9% | 6.38% | #121 |
| Rhode Island | 51 | 41 | 3.9% | 6.13% | #96 |
| Kansas | 49 | 35 | 10.2% | 6.13% | #228 |
| Arkansas | 40 | 23 | 12.5% | 6.00% | #223 |
| New Hampshire | 38 | 27 | 15.8% | 6.38% | #145 |
| Nebraska | 32 | 25 | 3.1% | 6.13% | #169 |
| Iowa | 31 | 21 | 19.4% | 6.13% | #269 |
| West Virginia | 28 | 16 | 21.4% | 6.38% | #181 |
| Mississippi | 27 | 13 | 7.4% | 6.38% | #217 |
| Wyoming | 25 | 15 | 16.0% | 6.25% | #96 |
| Delaware | 22 | 15 | 9.1% | 6.50% | #175 |
| Vermont | 19 | 10 | 5.3% | 6.13% | #84 |
| District of Columbia | 15 | 9 | 0.0% | 6.75% | #151 |
| Alaska | 14 | 7 | 14.3% | 6.75% | #96 |
| South Dakota | 12 | 8 | 8.3% | 6.25% | #125 |
| North Dakota | 6 | 4 | 0.0% | 6.41% | #156 |
Frequently asked questions
Finance of America Reverse denied 13.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 29th percentile of reverse-mortgage lenders.
The most common reason Finance of America Reverse gave in 2025 was "collateral", cited on 32.7% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Finance of America Reverse originated in 2025 was 6.50%, and its median rate spread over the average prime offer rate was 0.00 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 2% of its applications were for home purchases, 57% for refinancing (including cash-out), and 40% for home improvement or other purposes. By loan type: 32% conventional, 68% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.