Finance of America Reviews 

7,381
•
TrustScore 4.5 out of 5

4.7

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Review summary

Created with AI, based on recent reviews

Evaluating 691 reviews, reviewers overwhelmingly had a great experience with this company. Customers appreciate the dedicated loan officers who guide them seamlessly through the application steps and explain every single requirement thoroughly from the very first phone call. People frequently highlight the exceptional customer service, noting that staff members are polite, highly knowledgeable, and always available to answer questions promptly over the phone. However, some customers also noted frustrating challenges regarding poor communication and significant delays during the underwriting stages. A few reviewers experienced real difficulties when status updates were severely lacking or when interacting with unhelpful office personnel.

What people talk about most

Staff

Customers consistently note positive experiences with staff, frequently highlighting the professional,... See more

Customer service

People report positive experiences with customer service, highlighting that agents are consistently... See more

Service

Users describe positive interactions with service, highlighting professional and knowledgeable agents who... See more

User experience

Clients share positive opinions on user experience, highlighting how helpful staff members made complex... See more

Response time

Consumers find response time to be positive, as reviewers frequently highlight immediate contact and prompt... See more

Reviews shaping this summary

Rated 5 out of 5 stars

Finance of America is a wonderful company. Our loan process was so streamlined and organized. We had dedicated loan officers who walked us through the process every step of the way. Details of our loa... See more

Rated 5 out of 5 stars

FoA from the very first phone call made the process of a RM, absolutely seamless. Everything was explained thoroughly and the actual initial 'approval' was literally handled in minutes from the first... See more

Rated 5 out of 5 stars

Jason patiently answered all of my questions (& there were many throughout a month long process). Plus, I appreciated his "check-in" phone calls to give me updates as the process moved along.

Rated 5 out of 5 stars

Wonderful immediate contact as needed. Even from a long distance and not locally. Close guidance all the way thru the process with both Reggie and Theresa.


Company details

  1. Mortgage Lender
  2. also in
  3. Alternative Financial Service
  4. Non-Bank Financial Service
  5. Retirement Home

Written by the company

Our goal? Helping you accomplish yours. Finance of America’s mission is to help people feel the joy and accomplishment that comes from living retirement to its fullest. As an industry-leading reverse mortgage lender, we bring a proven track record of never taking our customer’s trust for granted. With our recent acquisition of American Advisors Group (AAG), we brought the industry’s top retail and wholesale platforms under one roof, firmly establishing Finance of America as the undisputed industry leader. This consistent commitment to leadership and trustworthy excellence has earned us an “A+” rating from the Better Business Bureau® and the honor of being one of the top-rated reverse lenders on ConsumerAffairs.com**. *Finance of America is listed as Best Reverse Mortgage Lender by Bankrate in this article, published January 2024. **As of May 2024. Top Reverse Mortgage Lenders must have verified reviews on ConsumerAffairs, an overall satisfaction rating of at least 4 stars, and at least a 2:1 ratio of 5-star to 1-star reviews. Finance of America Reverse LLC pays a monthly fee to participate in the ConsumerAffairs Authorized Partner Program.


Contact info

4.7

Excellent

TrustScore 4.5 out of 5

7K reviews

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Asks customers to review

This company invites their customers to review, whether positive or negative

Replied to 3% of negative reviews

Typically replies within 1 week

How this company uses Trustpilot

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4.7

All reviews

(7,381)

674 reviews in the last 12 months

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Rated 5 out of 5 stars

Satisfied customer

Experience was excellent because of my interactions with Teresa "Terri" Prendergast, Loan originator officer. She was very knowledgeable regarding the questions/concerns I had about the loan process. There was never any impatience or talking down to, as is too often experienced by us old folk (I'm 88). I felt like a valued customer as we negotiated aspects of the loan. I also spoke with the underwriter who made it easy to clarify questions about my application. Terri was professional yet friendly, and I felt at ease in our conversations. She always returned my calls quickly, which kept me up to date about the process, what documents were needed,etc. This made my navigation through the complex process stress-free, as I had read negative things about reverse mortgages. The streamlined closing transaction was much appreciated; received my payout without a hitch. In summary, the experience positively exceeded my expectations because of the time and effort put forth by Terri. I would highly recommend FOA reverse mortgage to my elderly friends. Thanks to Terri.

22 September 2026
Rated 5 out of 5 stars

Finance of America Review

I felt that the service I received from the loan officers and a loan processor was excellent. They were extremely knowledgeable and helpful to me in accomplishing the steps in the Reverse Mortgage process.

16 September 2026
Rated 5 out of 5 stars

Great Experience!

Everyone was friendly, professional and very helpful guiding us through the process. We definitely would recommend Finance of America for lending needs!

22 September 2026
Rated 5 out of 5 stars

Reverse Mortgage experience with FOA

We were new to Reverse Mortgages, so our representative, Joel Garcia explained in detail every step throughout the process. Joel was available every time we called or emailed, he followed up before and after our consultation, so nothing was ever a surprise. Our loan was processed in record time, with no stress, no doubt on our decision and 100% satisfaction with Joel, and Finance of America.

18 September 2026
Unprompted review
Rated 5 out of 5 stars

Very good experience

Very thorough explanation of the different reverse mortgage options, very pleasant interactions with FOA personnel and they kept on top of the process while we awaited my qualifying birthday.

14 September 2026
Rated 5 out of 5 stars

Ciro Bochiaro was an excellent…

Ciro Bochiaro was an excellent representative of the company. He explained the process, addressed my questions and concerns and was very professional and knowledgeable about the process of a reverse mortgage.
I would recommend this company and Mr. Bochiaro and his team in the future.

21 September 2026
Rated 3 out of 5 stars

Buggy website

This review is not about my rep who was great. But rather the web site which is consistently buggy and inconsistent. The chances of me getting a "there is a problem" message are much higher than getting to my information. This has been through the application process and now that the loan closed 10 days ago.

14 September 2026

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