Reverse mortgages have become an increasingly popular financial tool for seniors aged 62 and older who wish to tap into their home equity without selling their property. As of 2025, the market offers a variety of lenders specializing in reverse mortgages, each with unique terms, fees, and customer service experiences. This guide provides an in-depth analysis of the top reverse mortgage lenders in the US, helping homeowners make informed decisions based on their financial needs and goals.
Reverse mortgages allow homeowners to convert a portion of their home equity into cash, which can be received as a lump sum, monthly payments, or a line of credit.
This article explores the leading reverse mortgage lenders in the US, comparing their offerings, customer reviews, and industry reputation. Whether you are considering a Home Equity Conversion Mortgage (HECM) or a proprietary reverse mortgage, this guide will help you navigate the options and select the best lender for your situation.
Reverse mortgages provide seniors with a flexible way to access their home equity while retaining ownership of their property. The process involves working with a lender to determine the loan amount based on factors such as the home's value, the borrower's age, and current interest rates. The loan proceeds can be used for various purposes, including covering living expenses, medical bills, or home improvements. Since the loan is non-recourse, borrowers or their heirs will never owe more than the home's value at the time of repayment.
When evaluating reverse mortgage lenders, it is essential to consider factors such as interest rates, fees, customer service, and the lender's reputation. Some lenders specialize in HECMs, which are insured by the Federal Housing Administration (FHA), while others offer proprietary reverse mortgages for high-value homes. Additionally, borrowers should assess the lender's transparency, responsiveness, and willingness to educate them about the process.
Top Reverse Mortgage Lenders in 2025
The following lenders are among the most reputable and widely recognized in the reverse mortgage industry. Each has been evaluated based on loan options, customer satisfaction, and financial stability.
1. AAG (American Advisors Group)
AAG is one of the largest reverse mortgage lenders in the US, known for its extensive experience and customer-focused approach. The company offers HECMs and proprietary reverse mortgages, with options for fixed-rate and adjustable-rate loans. AAG provides personalized consultations and educational resources to help borrowers understand their choices.
2. Finance of America Reverse (FAR)
Finance of America Reverse is a leading lender with a strong reputation for competitive rates and flexible loan terms. FAR offers HECMs, jumbo reverse mortgages, and innovative products like the HomeSafe Reverse Mortgage. The company is praised for its transparent pricing and dedicated customer support.
3. Reverse Mortgage Funding (RMF)
RMF is a well-established lender specializing in HECMs and proprietary reverse mortgages. The company is known for its straightforward application process and commitment to borrower education. RMF also offers a unique line of credit option with a growth feature, allowing unused funds to increase over time.
4. Liberty Reverse Mortgage
Liberty Reverse Mortgage, a division of Mutual of Omaha Bank, is recognized for its excellent customer service and comprehensive loan options. The lender provides HECMs and proprietary reverse mortgages, with a focus on helping borrowers maximize their financial flexibility.
5. Longbridge Financial
Longbridge Financial is a top-rated lender offering HECMs and proprietary reverse mortgages. The company is known for its low fees, competitive rates, and commitment to ethical lending practices. Longbridge also provides a Platinum Loan option for borrowers with higher-value homes.
Comparison of Top Reverse Mortgage Lenders
| Lender | Loan Types | Key Features | Customer Rating |
|---|---|---|---|
| AAG | HECM, Proprietary | Personalized consultations, educational resources | 4.5/5 |
| Finance of America Reverse | HECM, Jumbo, HomeSafe | Competitive rates, transparent pricing | 4.7/5 |
| Reverse Mortgage Funding | HECM, Proprietary | Line of credit growth feature | 4.4/5 |
| Liberty Reverse Mortgage | HECM, Proprietary | Excellent customer service | 4.6/5 |
| Longbridge Financial | HECM, Proprietary | Low fees, Platinum Loan option | 4.8/5 |
Choosing the Right Lender
Selecting the best reverse mortgage lender depends on your individual needs and financial goals. Consider the following factors when making your decision:
- Loan Options: Ensure the lender offers the type of reverse mortgage that suits your needs.
- Fees and Rates: Compare origination fees, closing costs, and interest rates across lenders.
- Customer Service: Look for lenders with positive reviews and responsive support teams.
- Reputation: Choose a lender with a strong track record and financial stability.
By carefully evaluating these factors, you can find a reverse mortgage lender that provides the best terms and support for your financial situation.
References
AAG Official Website
Finance of America Reverse Official Website
Reverse Mortgage Funding Official Website
Liberty Reverse Mortgage Official Website
Longbridge Financial Official Website
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