Best Reverse Mortgage Companies of May 2025

Reverse mortgages are a valuable tool for homeowners looking to access their home equity and convert it into cash, especially as they enter retirement. These mortgages come with no monthly payments and can provide much-needed funds at a time when income may be limited. However, not everyone is eligible for reverse mortgages, as they are typically available to homeowners aged 62 and older for government-backed Home Equity Conversion Mortgages (HECMs), and some lenders offer proprietary options for those aged 55 and up.

If you are considering a reverse mortgage, it is essential to choose the right lender. Our team at Money has carefully reviewed over 20 reverse mortgage lenders across the United States to identify the top companies in the industry. We considered factors such as product variety, interest rates, reputation, maximum loan amounts, age requirements, and geographic availability to determine our top picks.

One of our top choices is Finance of America, which scored the highest rating among all the lenders we evaluated. With a variety of loan products, strong ratings, and wide availability, Finance of America is a solid option for many borrowers. Another excellent choice is Northwest Reverse Mortgage, offering an expansive list of reverse mortgage options, although its geographic availability is limited to 28 states.

Longbridge Financial is another top pick, serving borrowers in all 50 states and offering strong reviews and ratings. South River Mortgage stands out for its low interest rates and expertise in HECM refinances, making it a great option for borrowers looking to refinance their reverse mortgage. Guild Mortgage also offers competitive rates and serves borrowers in 49 states.

Fairway is a top choice for those looking for reverse mortgages for home purchases, as they offer wide product variety, e-closings, and availability in all 50 states. All Reverse Mortgage and Atlantic Avenue Mortgage are also noteworthy options, offering low interest rates and robust online resources, although their geographic availability is limited.

When choosing a reverse mortgage lender, it is essential to consider factors such as reputation, regulatory actions, eligibility requirements, availability, loan products, and interest rates. Scams are common in the reverse mortgage industry, so thorough research is crucial to avoid falling victim to fraudulent practices.

In conclusion, reverse mortgages can be a valuable financial tool for homeowners looking to access their home equity in retirement. By selecting a reputable and trustworthy lender, borrowers can make informed decisions and secure the funds they need without the risk of scams or fraud. Consult a financial professional for guidance on choosing the right reverse mortgage lender for your individual needs.