Products & Services

Products & Services
Finance of America Mortgage LLC offers a diverse product portfolio. Contact your local branch mortgage specialist to review which product best suits your financial situation.

FHA Loan

Features

  • Low down payment
  • Flexible income, debt, and credit requirements
  • Use gift funds to help with your downpayment, contact your mortgage professional to learn more about this benefit

Recommended For

  • Homebuyers with limited savings
  • Low to moderate income homebuyers

VA Loan

Features

  • No down payment required
  • Flexible income, debt, and credit requirements

Recommended For

  • Qualified veterans, reservists, active service members and their spouses
  • Eligible first or second time homebuyers who have low to moderate income

USDA Loan

Features

  • 100% Financing
  • Flexible income, debt, and credit requirements
  • Little or no closing costs in most cases

Recommended For

  • Homebuyers purchasing a home located in a designated USDA rural area
  • Low to moderate income homebuyers

Jumbo Loan

Features

  • Mortgage amounts in excess of the conforming limit of $417,000 for a one-unit property
  • Fixed or Adjustable Options

Recommended For

  • Homebuyers who need financing in larger loan amounts
  • Investment-minded buyers who can afford a large purchase, but want to leverage assets more effectively

Fixed Rate Loan

Features

  • Predictable fixed payments
  • Easy to amortize payments
  • Protection against rising interest rates

Recommended For

  • Homebuyers who prefer regular, fixed payments
  • Homebuyers with fixed income
  • Homebuyers who plan to stay in their home for many years

Adjustable Rate Loan

Features

  • Early term low monthly payments
  • Lower start payments can allow larger loans
  • A variety of initial fixed rate options

Recommended For

  • Homebuyers who want to save money in the short run
  • Homebuyers who want to move in a few years
  • Homebuyers who desire a lower loan payment

Reverse mortgage financing:

Your retirement funds may come from savings, investment income, and Social Security. But now, there’s another source that may help you complete the longevity-planning puzzle.

Reverse mortgages are increasingly recognized by savvy homeowners and financial advisors as a smart and safe way to leverage an important retirement asset: home equity. And Finance of America Mortgage makes the process seamless and simple. We’re experts in reverse mortgage financing. And we’re dedicated to helping people learn more about this versatile financial instrument, which can help strengthen and lengthen a retirement plan.

What is a reverse mortgage?

Available exclusively to homeowners and homebuyers age 62 and older, a reverse mortgage allows you to convert a portion of your home equity into tax-free* funds—so you can live more comfortably, in your own home, with greater financial flexibility. Originally created in the 1980s, recent product advances and program improvements have transformed the reverse mortgage into a safe and effective retirement financing tool. For example, you can use a reverse mortgage to:

  • Establish a “stand-by” line of credit that you can tap as needed. Unlike a traditional Home Equity Line of Credit (HELOC), a reverse mortgage line of credit cannot be reduced or revoked, as long as the terms of the loan are met. And the unused line of credit grows over time.
  • Avoid selling investments at a loss in a “down” market
  • Supplement retirement income with a steady stream of tax-free* funds
  • Delay collecting Social Security, for a larger monthly benefit
  • Pay for medical or long-term care costs
  • Pay off an existing mortgage and/or other debts, to improve cash flow
  • Finance the purchase of a more suitable home, with no monthly mortgage payments

Among the benefits:

  • The ability to use your home equity to help maintain a more comfortable standard of living, in your own home.
  • Tax-free* proceeds you can use however you choose.
  • Great flexibility. You can take your proceeds as a line of credit; monthly advances for a set period of time; a monthly stream of funds for as long as you live in your home; a lump sum; or a combination of these options. You choose the plan that works best for you.
  • No monthly mortgage payments. If you qualify and have an existing mortgage, home equity loan or any other type of debt, you can pay it off and improve your monthly cash flow, with no minimum monthly loan payments. (As the homeowner, you remain responsible for paying property taxes, homeowners insurance, and homeowner’s association dues if applicable.)

To learn more, contact us today.

As you explore your reverse mortgage options with Finance of America Mortgage, a licensed Reverse Mortgage Specialist will serve as your guide through the entire process. We’ll answer all your questions, give you detailed calculations, and help you make well-informed decisions that are in your best interests.

* Not tax advice. Consult a tax professional.

This material is not from HUD or FHA and has not been approved by HUD or any government agency.

Complimentary Consultation

Finance of America Mortgage will analyze and review home buyer's residential purchasing options at no charge and with no obligation.

Flexible Appointments

Applications can be taken over the phone, at any Finance of America Mortgage branch office, at the buyer's home, or at their Realtor's office.

A Simpler Mortgage Experience

We are committed to making the experience of getting a home loan as enjoyable as possible. We’ve streamlined our process to ensure that getting your home loan is as smooth and stress-free as possible.