Update on COVID-19

Finance of America Reverse LLC (“FAR”) understands you may be facing unique hardships during this difficult time. Many borrowers who are currently experiencing financial distress related to COVID-19 may be eligible for some type of assistance. Please contact us for information regarding options that may be available to you. If you are impacted by COVID-19, please call 866-654-0020 and have your loan number ready for the Customer Service representative.

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There are several requirements to maintain a reverse mortgage agreement.  Aside from maintaining the home in a state of good repair, there are two additional stipulations:

  • The home must be your principal residence
  • You must stay up-to-date on all property charges such as property tax and homeowners insurance