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Premier Reverse Review

Reviews 10
Premier Reverse Mortgage
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Premier Reverse Mortgage
Premier Reverse Mortgage
Reviews 10
Patrick Sather
Jun. 05, 2023
3 min read
Patrick Sather
Premier Reverse Mortgage Summary
Founded in 2012, Premier Reverse Mortgage is a lender specializing in reverse mortgage products. It offers FHA home equity conversion mortgages (HECMs) as well as proprietary and purchase reverse mortgages. With Premier Reverse Mortgage, you can tap into your home equity and receive funds in a way that meets your needs. The company provides exceptional customer services and an A+ rating with the Better Business Bureau.


  • Offers FHA and proprietary loans
  • Allows you to customize distribution methods to meet your needs
  • Excellent customer service and customer ratings


  • Not available in every state
  • Doesn’t display rates on its website

Premier Reverse Mortgage at a glance

Editorial score

Customer Service and Support

Award winning customer service

Variety of Loan Types

Mortgage, refinance, cash-out, home equity, loans

Variety of Products

15-30 years

Online Experience

Useful resources, sign up needed for rates and offers

Geographical Availability

Available in 15-30 states

Premier Reverse Mortgage Premier Reverse Mortgage Visit Site


Based out of Marietta, Georgia, Premier Reverse Mortgage is a one-product company that specializes in reverse mortgages. The company offers traditional FHA HECMs and purchase reverse mortgages, also known as HECMs for purchase. Additionally, it provides proprietary reverse mortgages designed for younger individuals and higher-value homes above the FHA limit.     

Premier Reverse Mortgage allows you to choose how you want to receive your funds. You can opt for a lump sum, line of credit, or fixed monthly payments. Best of all, you can mix and match the disbursement methods to find an income stream that fits your situation. 

Suitable For?

If you own or have equity in your home but are struggling to pay medical bills or other debt, then Premier Reverse Mortgage’s product offerings may be right for you. With a reverse mortgage from Premier Reverse Mortgage, seniors aged 62 and older (or 55 and above in some states) can tap into their home equity without having to take on large monthly payments. 

Types of Loans/Products

Premier Reverse Mortgages carries three types of reverse mortgage products, FHA HECMs, HECMs for Purchase, and Proprietary Reverse Mortgages.


The Federal Housing Authority (FHA) controls the regulations that govern traditional HECMs. Accordingly, the qualifications and features of FHA HECM products don’t change significantly from one company to the next. Here are some of the main features of FHA HECMs:

  • Age requirement: At least one of the borrowers must be 62 years of age or older at the time of closing.
  • Interest rate and APR: Primarily adjustable rate, although fixed rate loans are also available. Rates vary depending on the loan type, loan amount, LTV, and other factors. 
  • Loan-to-value (LTV) ratio and lending limit: The LTV varies depending on the age of the borrower, your home’s appraised value, and the expected interest rate. The maximum home value is capped at $1 million.  
  • Distribution options: Available options include lump sum, line of credit, monthly payments, or a combination of all three. Monthly payments can be made for a set term or the life of the loan. 
  • Mortgage insurance premium (MIP): When you close on your loan, you must pay an upfront MIP equal to 2% of your home’s value or lending limit, whichever is lower. Additionally, you’ll pay an annual MIP charge of 0.5% per year, compounded monthly.

HECMs for Purchase

HECMs for purchase are the same as regular FHA HECMs, except that they are used to borrow a portion of the purchase price for a new primary residence. Like a regular mortgage, HECMs for purchase have a downpayment requirement that typically ranges 50%-60% of your home’s purchase price.

Proprietary Reverse Mortgages

Also known as private or jumbo reverse mortgages, proprietary reverse mortgages are backed by your mortgage lender rather than the federal government. Proprietary reverse mortgages function similarly to traditional HECMs with a few key differences as outlined here:

  • Age requirement: One of the borrowers must be at least 55, 60, or 62 at time of closing (varies depending on the state). 
  • Interest rate and APR: Fixed-rate loans are issued via a lump sum, while adjustable-rate loans are issued as a line of credit. Adjustable rates are capped at 5% above the starting rate at the time of closing. 
  • LTV and lending limit: No home value cap. Instead, the maximum loan amount is capped at $4 million. 
  • Closing costs: No upfront or ongoing mortgage insurance premium charge.

The Application Process

Follow these steps to get started with Premier Reverse Mortgage: 

  1. Prequalification: During prequalification, your income, credit, and property charge payment history will be reviewed to see if you qualify and how much loan you can afford. 
  2. HUD-approved counseling: You must complete a HUD-approved counseling session to qualify for any type of reverse mortgage. Numerous local and national agencies provide counseling services in person and over the phone.  
  3. Loan application: On your application, you’ll need to provide your personal and financial details, including date of birth, social security number, income, and mortgage information.   
  4. Processing: Upon receiving your application, Premier Reverse Mortgage will order services like the appraisal, flood certification, and title work. 
  5. Underwriting: An underwriter will review your loan application to see if you meet all the requirements to qualify for a loan. 
  6. Closing: You’ll have to pay any closing costs once your loan is approved, such as the upfront 2% mortgage insurance premium charge for FHA HECMs. You’ll also need to provide Premier Reverse Mortgage with your banking details and decide how you’d like to receive your funds.  

Repayment Terms

Your interest rate and APR will vary depending on your loan type, loan amount, LTV, and other factors. Fixed-rate reverse mortgages have a fixed interest rate over the life of the loan. Meanwhile, adjustable-rate reverse mortgages include both a fixed rate (known as the initial interest rate) and a variable interest rate. You don’t pay interest, premium, or closing fees until you move out of your home, sell your home, or pass away, except for a 2% upfront MIP charge on FHA HECMs. 

Help & Support

You can reach Premier Reverse Mortgage’s customer service team via phone, chat, or email. Its customer service team is available 8am-5pm ET, Monday-Friday. You can also check out the learning resources on Premier Reverse Mortgage’s website, including FAQs, qualifications, and blog articles. 


Phone: (800) 996-5361

How Premier Reverse Mortgage Compares

Premier Reverse Mortgage
Lender or Marketplace
Minimum credit score
NoneNoneVaries by lender
Fixed or adjustable
Fixed or adjustable
Varies by lender
Better Business Bureau score
4.864.07Varies by lender
Proprietary loans available?
YesYesVaries by lender


Premier Reverse Mortgage offers FHA HECMs along with proprietary and purchase reverse mortgages. It provides you with multiple ways to receive your funds and can finance proprietary loans up to $4 million.

While the company doesn’t do anything unique, it distinguishes itself from its competitors thanks to its excellent customer service. This focus on the customer experience is demonstrated by the many positive reviews left by customers on third-party websites. Premier Reverse Mortgage makes it easy for you to unlock the equity in your home by guiding you through the reverse mortgage process from start to finish. 


What are the qualifications for a reverse mortgage?

There are 3 main criteria to qualify for a reverse mortgage - age, LTV, and income and credit history. 

What states does Premier Reverse Mortgage do business in?

Premier Reverse Mortgage accepts applications in Arizona, Arkansas, California, Colorado, Florida, Georgia, Michigan, New Jersey, New York, Oregon, Pennsylvania, South Carolina, Texas, Virginia, and Washington. 

What are the options for taking your mortgage proceeds?

Fixed-rate reverse mortgages must be taken in a lump sum. If you choose an adjustable-rate reverse mortgage, you can receive your funds as a lump sum, a line of credit, in monthly payments, or through a combination of all three methods. 

How much is due when I repay my loan?

The amount due is equal to the funds you received plus any interest, mortgage insurance, and closing costs. 

Physical Address 

1640 Powers Ferry Rd SE, Bldg. 28, Ste. 300, Marietta, GA 30067

Premier Reverse Mortgage Premier Reverse Mortgage Visit Site


The information relayed in this review comes from Premier Reverse Mortgage’s website and customer reviews. 

Patrick Sather
Written by
Patrick Sather
Patrick Sather is an award-winning personal finance writer and licensed broker who has worked for some of the largest financial firms in the United States, including TD Ameritrade and Pacific Life. A graduate of the University of Nebraska in both Economics and International Trade and English, his articles on life's most common financial decisions and quandaries are straightforward, practical, and always easy to understand.

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Trustpilot reviews
See what some customers are saying about Premier Reverse Mortgage
Premier Reverse Mortgage
Reviews 10
2 months ago
You can't go wrong with Premier Reverse Mortgage
I can’t recommend Premier Reverse Mortgage HIGHLY enough. I’ve been communicating with Matt Neumeyer for a few years now, avidly reading his reverse mortgage newsletter, particularly his take on the reverse mortgage situation with condos. I took the risk of e-mailing him about an item in his newsletter, and he was very gracious with his time in further explaining it. That became a pen pal friendship. At the time I was not in the market for a reverse mortgage but had been researching them for use as part of my retirement strategy. And over the last two or three years as Matt and I had been communicating about reverse mortgages he never tried to sell me but always provided any information I needed to make a decision. So when I was ready to pull the trigger and get a reverse mortgage, there was no one I could think of that I would want to handle it other than Matt. And it turns out he was knowledgeable, helpful, and led the way through the whole process making it painless. His staff was great as well when I needed to interact with them. If you have questions about a reverse mortgage, ask Matt! If you want to get a reverse mortgage have Matt do it for you!
roy moor
3 months ago
Trust worthy from start to finish.
From my first contact until funds were received Premier was exceedingly professional and helpful. I was skeptical about the real benefit of a reverse mortgage. Premier employees never tried to actually sell me on the benefits but once the facts were explained if was crystal clear what an advantage it was for anyone wishing to remain in their house rather than sell or downsize. Highly recommend both the company and the highly professional employees. ERM
4 months ago
jeff hancock was great
jeff hancock was great working through all the conditions to get my reverse mortgage, trying at times for both of us, but he hung in there.. i appreciate his work at premier mortgage.. note: tried two other reverse mortgage companies but it seemed they were just sales people that did not know what they were doing.. thanks jeff!
crystal mijares
5 months ago
Matt Neumeyer was great through the…
Matt Neumeyer was great through the entire process. We had shopped around and Premier Mortgage was the only company who got my mother the most out of her equity possible. We will definitely recommend Matt and his team at Premier Mortgage.
kay young
6 months ago
After looking at multiple reverse motgages I recommend Premier
After looking at multiple reverse mortgage companies, as well as, home equity loans, I felt Looking at several sites, Premier Reverse Mortgage, LLC, was what I was looking for. From start to finish, everyone involved, explained everything in detail. Most of my contact was with Kenneth Wood and the president of Premier, Matt Neumeyer. They were always available to answer questions and quickly. I would recommend PREMIER any time. They were fast and efficient. Everything went by so smoothly
6 months ago
After looking at multiple reverse…
After looking at multiple reverse mortgage companies, as well as, home equity loans, I felt Premier Reverse Mortgage, LLC, was what I was looking for. From start to finish, everyone involved, explained everything in detail. Most of my contact was with the president of Premier, Matt Neumeyer. He was available to answer questions, in a reasonable tim. I would recommend PREMIER any time. They were fast and efficient. LDR
diane dweyer
6 months ago
Premier was great throughout our…
Premier was great throughout our transaction together. The loan was quick, effortless and fruitful. I would definitely use them again.
6 months ago
Premier Reverse Mortage is the Best!
I worked with the Premier Reverse Mortgage team out of Marieta, Ga. I had a great experience and my Loan Officer Lynnette White explained everything, answered all my questions and worked in my best interest. There we no surprises when it was time to close on my reverse mortgage, everything was as we discussed. I received quotes from about 5 Reverse Mortgage companies and I chose Premier because they were efficient, knowable and trustworthy. The entire team was great, the loan officer, the loan processor, the title company and the Owner of the company were all incolved and did a GREAT JOB! Thank You Premier Reverse Mortgage.
mavis ellis
6 months ago
Great Experience!
Jeff and his team were very professional and were able to assist us with a Reverse Mortgage. Jeff explained everything as we went through the process. We are grateful for his assistance and would recommend him and his team to anyone.
john dimino
6 months ago
Jeff Hancock and the team at Premier…
Jeff Hancock and the team at Premier Reverse Mortgage were great to work with. They were able to overcome some negative information on my credit report that other lenders were having trouble with. Jeff said he has been doing reverse mortgages since 2002 and I could tell. He was very professional and knew exactly what he was going on at all times. Without their help, I would not have received the full benefit available through the reverse mortgage. Very appreciative of Jeff and the team at Premier Reverse Mortgage. A+ from me! John Dimino - metro Atlanta Georgia