Premier Reverse Mortgage
Review Counsel is owned and operated by Mutual of Omaha Mortgage.
About Premier Reverse Mortgage
Brief Summary of Services:
- Reverse mortgage
- Reverse mortgage for purchase
- Condo reverse mortgage
Premier Reverse Mortgage Synopsis
Review Summary: Premier offers a traditional reverse mortgage product, reverse mortgage for purchase, and a reverse mortgage for condos.
Recommended for: If you live in one of the 17 states serviced by Premier, and you are looking for company where you will receive very personal service, Premier is worth looking into for your reverse mortgage.
| What is a Reverse Mortgage? A Reverse Mortgage is also known as a Home Equity Conversion Mortgage (HECM). It is a financial tool available to seniors who are at least 62 years of age. It allows them to cash-in on the equity in their homes without having to sell their home. The money can be received as monthly installments, a lump sum, a line of credit or a combination of the three. A Reverse Mortgage can also be used to purchase a new home. This is known as a HECM for Purchase. Those who obtain a reverse mortgage are still required to stay current on property taxes, homeowner’s insurance, and any necessary maintenance costs. Read more about Reverse Mortgages here. |
Pros and Cons of Premier Reverse Mortgage
Pros
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Several free guides available for download including a guide for adult children
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Personal service from founder Matt Neumeyer
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Detailed purchase checklist
Cons
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Only available in nine states
Premier Reverse Mortgage Reviews
| Consumer Review Platform | Ratings |
|---|---|
| Better Business Bureau | A+ BBB Rating; with 4.63/5 Stars with 8 Reviews |
| 100% Recommend with 11 Reviews | |
| 4.9/5 Stars with 40 Reviews | |
| Trustpilot | 4.5/5 Stars with 16 Reviews |
Premier Reverse Mortgage Full Review
Overview
Premier Reverse Mortgage is a boutique reverse mortgage company that offers personal service, but it is only available in a handful of states.
Premier offers traditional Home Equity Conversion Mortgages (HECM), HECM for purchase, and a special reverse mortgage for those who own a condo.
It also offers several guides to educate homeowners about reverse mortgages, including a Reverse Mortgage Guide, a Reverse Mortgage Guide for Adult Children, and a Reverse Mortgage Purchase Guide.
Premier Reverse Mortgage Loan Options
Premier Reverse offers the following types of loans:
- Traditional reverse mortgage
- Reverse mortgage for purchase
- Condo reverse mortgages
Reverse Mortgage Loan Application Process
Here is the application process as described by Premier:
- Loan application. Premier Reverse says that in some states, it will file the loan application as the first step, which includes signing the application and submitting the requested documents. However, in some states, the application is not submitted until after the HUD counseling session is completed.
- HUD-approved counseling. Whether the counseling session is required before or after the application, in order to get approved for a reverse mortgage, homeowners must complete a counseling session. The counseling may take place in person or over the phone. Once the counseling session is over, you will receive a certificate. Once that is sent to Premier, the appraisal can take place.
- Appraisal. You will be contacted by the appraiser to make an appointment. You will have to pay the appraisal company for its services. The completed appraisal will be sent to Premier, who will send you a copy along with information about how the findings affect your loan.
- Closing. The closing will take place at your home or at the title company.
Company Information
Premier Reverse Mortgage is based out of Atlanta, GA. It is a member of the National Reverse Mortgage Lenders Association (NRMLA) and an approved lender of the U.S. Department of Housing and Urban Development (HUD).
Premier was founded by Matt Neumeyer in 2012. Neumeyer started his own reverse mortgage company after working in the reverse mortgage industry since 2004.
The company is built around Neumeyer’s experience, his commitment to integrity, and personal service. Neumeyer personally originates, processes, and coordinates the closing of the reverse mortgage loans sold by Premier.
States Serviced by Premier
- Arkansas
- California
- Colorado
- Florida
- Georgia
- Idaho
- Michigan
- New Jersey
- New York
- Oregon
- Pennsylvania
- South Carolina
- Tennessee
- Texas
- Virginia
- Washington
Office Locations
- Atlanta, Georgia
Reviews last updated: 1/29/25. (Reviews are typically updated monthly.)
Rating last updated: 1/29/25. (Ratings are typically updated once per quarter.)
Read More About This Topic:
- A Guide to Reverse Mortgages in 2022
- Reverse Mortgage Loan Process
- Top 10 Reverse Mortgage Lenders YTD
Our Methodology
Reverse Mortgage companies are evaluated based on six factors that we believe are important for consumers: years in business, number of products offered, customer service availability, state licensing footprint, Better Business Bureau (BBB) Ratings, and the inclusion and functionality of a mobile application. Please find a full description of our rating system here.
This information is intended to be general and educational in nature and should not be construed as financial advice. Consult your financial advisor before implementing financial strategies for your retirement.
Address: 3734 Chattahoochee Summit Dr SE Atlanta, GA 30339
NMLS# 876293
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