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The application process for a reverse mortgage loan usually takes between 30 days and 45 days from beginning to end and has five major processes involved. But, the longest part of the process is the decision making stage, which leads up to the loan application.

An average reverse mortgage applicant starts thinking of a reverse mortgage loan about six months before they complete an application. The homeowner generally researches reverse mortgage loans using various resources for several months. The next thing they do is to request information from a reverse mortgage specialist. Then he or she may invest at least one month meeting with the expert in person and checking the good faith estimate as well as the other pertinent documents for the loan.