澳洲幸运5官方开奖结果体彩网

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Best Reverse Mortgage Companies

By
澳洲幸运5官方开奖结果体彩网:Lars Peterson
A black-and-white photograph shows Lars Peterson
澳洲幸运5官方开奖结果体彩网:Full Bio

Lars Peterson joined Investopedia in 2023 as a senior editor of financial product reviews with a focus on personal loans, credit cards, mortgages, and other financial products and services. Lars has over 20 years of experience as a writer and editor in personal finance, business, and small business. He has a master's in English from California State University, Long Beach.

Learn about our 澳洲幸运5官方开奖结果体彩网:editorial policies
Published June 09, 2025

Investopedia’s choice for the best reverse mortgage company is . It performed well in every area we evaluated, particularly company infrastructure and loan features. Longbridge Financial was another strong performer in our evaluation model, scoring the highest for customer experience. If you’re looking for a lender to help you use a 澳洲幸运5官方开奖▨结果体彩网:reverse mortgage to purchase a home, consider Fairway Reverse Mortgage. Mutual of Omaha rounds out our recommendations and makes the list due to its⛦ low average init🥀ial interest rate for loans originated in 2024.

We collected hundreds of data points from eight top reverse mortgage lenders to evaluate the best reverse mortgage companies. We also analyzed loan-level details from tens of thousands of reverse mortgages funded by the top 25 lenders in 2024. We used that data to generate average rates, average 澳洲幸运5官方开奖结果体彩网:loan-to-value (LTV) ratios, average 澳洲幸运5官方开奖结果体彩网:debt-to-income ratios (DTI), and more to gain deeper insight🌟 into actual lender practices.

Best Reverse Mortgage Companies

Best Overall : Finance of America Reverse

Investopedia's Rating
4.8
Finance of America Reverse

Finance of America Reverse
  • Average Rate (2024): 7.65%
  • Average Loan Amounts: $295,027
  • Average Closing Time: 30 days
Why We Chose It

Finance of America Reverse earned the highest overall rating in our scoring model, primarily because of its high loan features score and strong company infrastructure rat𝔍ings.

Pros & Cons
Pros

  • Wide range of loan amounts

  • Competitive interest rates

  • Offers non-HECM reverse mortgages

Cons

  • Few digital tools

  • Limited customer service contacts

Overview

ඣFinance of America Reverse originated more reverse mortgages in 2024 than any other lender, and by a significant margin.

The lender offers FHA-backed home equity conversion mortgage (HECM) loans to homeowners 62 and older (whose home values fall below the cap of $1,209,750 for 2025). It also offers 澳洲幸运5官方开奖结果体彩网:jumbo loans, loans for people 55 and older, and home equity second mortgages structured like a reverse mortgage, with no monthly payments. Loans can be fixed-rate or adjustable-rate. Borrowers can choose 澳洲幸运5官方开奖结果体彩网:lump-sum disbursements, a line🐎 of credit, and term or tenure options. In 2024, 16% of the loans Finance of America Reverse originated were lump-sum disbursements, the highest percentage of any of the lenders w♚e evaluated.

Our researchers rated Finance of America Reverse 5 out of 5 for its educational resources and 3 out of 5 for its online experience. You can reach customer service via telephone or email. The company does not provide a digital applicatio🦂n or digital tools for loan application tracking. Investopedia’s Combined Consumer Review rating gave it 4.9 (out of 5 possible). This rating aggregates consumer review ratings on two popular sites: Tru🔥stpilot and Zillow Loans.

Finance of America Reverse is headquartered in Tulsa, Oklah🔴oma.

Best for Customer Experience : Longbridge Financial

Investopedia's Rating
4.6
Longbridge Financial

 Longbridge Financial
  • Average Rate (2024): 7.28%
  • Average Loan Amounts: $308,113
  • Average Closing Time: 45 days
Why We Chose It

Longbridge Financial claims the prize for customer experien🎉ce due to its performance in our scoring metric, thanks to its online experience and e♒ducational resources.

Pros & Cons
Pros

  • High customer experience and reputation scores

  • Competitive interest rates

Cons

  • No online application

  • No digital application tracking

  • Long estimated time to close

Overview

Longbridge Financial performed nearly as well as Finance of America Reverse in our scoring model. It doesn’t offer the same rangeꦇ of reverse mortgage options as 🔜our overall winner, but its customer experience score is better, and borrowers will find the usual collection of reverse mortgage products.

In addition to standard FHA-backed HECM reverse mortgages, Longbridge offers jumbo and purchase reverse mortgages. It also offers a 澳洲幸运5官方开奖结果体彩网:proprietary reverse mortgage for homeowners 55 years and older. According to our analysis of HDMA data, Longbridge originated over 3,800 reverse mortgages in 2024, third behind Finance of America Reverse and Mutual of Omaha. The average rate f🎶or those loans was 7.28%. Loan amounts ranged between $25,000 and $4 million.

Our researchers gave Longbridge scores of 5 out of 5 for both online experience and educationඣal resources. It’s the only reverse mortgage le𝄹nder in our research to earn perfect scores in those categories. You can reach customer service by telephone, email, and online chat. It also rates near the top in Investopedia’s Combined Consumer Review rating, which gave it 4.8 (out of 5 possible). This rating aggregates consumer review ratings on two popular sites: Trustpilot and Zillow Loans. 

Longbridge Financial, founded in 2012, is headquartered in Paramꦏus, New Jersey.

Best for Reverse Mortgage Purchase, Best for Low Average Rates : Fairway Reverse Mortgage

Investopedia's Rating
4.6
Fairway Reverse Mortgage logo

Fairway Reverse Mortgage
  • Average Rate (2024): 7.03%
  • Average Loan Amounts: $132,298
  • Average Closing Time: 17 days
Why We Chose It

Fairway is one of the few traditional mortgage lenders we researched, and the only one 🔜to make our list. According to HMDA data, 20% of the reverse mortgages it funded in 2024 were for purchases.

Pros & Cons
Pros

  • Low average interest rate

  • Fast average closing time

  • High J.D. Power customer satisfaction rating

Cons

  • Small average loan amount

  • No digital application or application tracking

Overview

Many reverse mortgage lenders are reverse mortgage specialists. Fairway Reverse Mortga💮ge is part of Fairway Independent Mortꦫgage, one of the largest mortgage lenders in the nation.

Fairway offers HECM, jumbo, and purchase reverse mortgages. It also offers a second lien reverse mortgage, a 澳洲幸运5官方开奖结果体彩网:home equity loan or HELOC structured like a reverse mortgage, so you don’t have to repay interest or principal until you sell or leave the home. According to HMDA data, Fairway funded 1,040 reverse mortgages in 2024. The average interest rate was 7.03%, tied for lowest among top-performing lenders in our research. The average loan amount was just $132,298, and the maximum was $635,000, well below most of its competitors. The average time to close was juꦉst 17 days.

Our researchers thought Fairway’s online experience and educational resources were just OK, awarding scores of 3 out of 5 for each. Fairway Independent Mortgage as a whole was rated highly in J.D. Power’s 2024 Mortgage Origination Satisfaction Study. Customer service is reachable by telephone and email. This lender also rates near the top in Investopedia’s Combined Consumer Review rating, which gave it 4.9 (out of 5 possible🉐). This rating aggregates consumer review ratings on two popular sites: Trustpilot and Zillow Loans. 

Fa💜irway Independent Mortgage was founded in 1996 and 🎉is headquartered in Madison, Wisconsin.

Also Good for Low Average Rates : Mutual of Omaha

Investopedia's Rating
3.9
Mutual of Omaha Mortgage

Mutual of Omaha Mortgage
  • Average Rate (2024): 7.03%
  • Average Loan Amounts: $226,558
  • Average Closing Time: 53 days
Why We Chose It

Mutual of Omaha doesn’t have 🌠the absolute lowest average rate among the lenders we reviewed, but along with Fairway Reverse, its average rate is the best among the high-performing lenders we researched.

Pros & Cons
Pros

  • Low average rate

  • HECM specialist

  • High volume lender

Cons

  • No online application or tracking tools

  • Limited customer service contacts

Overview

According to our analysis of HMDA data, Mutual of Omaha originated 6,020 reverse mortgages in 2024, second only to volume-leader Finance of America Reverse. Of those, 98% were 澳洲幸运5官方开奖结果体彩网:FHA-backed HECM loans. 

Although the lender clearly focuses on traditional HECM reverse mortgages, Mutual of Omaha offers jumbo and reverse for purchase loans, too. It also provides 澳洲幸运5官方开奖结果体彩网:reverse mortgage refinances, so you can unlock more equity or improve the terms of your existing loan. Across the 6,000-plus loans originated in 2024, the average interest rate was🍬 7.03%. The a💜verage loan size was $226,558. The minimum loan size was $15,000, and the maximum was $2,075,000.

Our researchers gave Mutual of Omaha’s online exp𝓡erience a 4 out of 5. This category measures website organization and ease of navigation. The site’s educational resources earned a 3 out of 5. Customer service contact is limited to an online email form. The application process begins with the borrower filling out an online form in order to receive a reverse mortgage guide.

Mutual of Omaha was founded in 1909, and today it is hea🅘dquartered in Omaha, Nebraska.

Compare the Best Reverse Mortgage Companies

Lender Overall Company Costs Loan Features Reputation Customer Experience
Best Overall
4.8 4.8 2.9 4.8 4.3 3.3
Best for Customer Experience
4.7 4.2 3.7 3.4 3.7 4.8
Best for Reverse Mortgage Purchase and Low Average Rates
4.6 3.9 4.3 4.3 4.5 2.8
Also Good for Low Rates
3.9 3.5 4.3 2.6 4.3 2.2

Why Trust Us

Investopedia collected and analyzed 360 key data points from eight leading reverse mortgage lenders to evalu𒁃ate the most important factors for readers purchasing a reverse mortgage. We used this data to review each company based on cost, customer experience, reputation, and other factors. Investopedia developed this process to provide an unbiased, comprehensive review to ensure our readers make the right decision for their needs. Investopedia launched in 1999 and has been helping readers find the best reverse mortgage companies since 2021.

How We Chose th🥂e Best Reverse Mortgage Companies

To evaluate and rank reverse mortgage companies, we collected hundreds of data points across eight lenders. We researched and evaluated interest rates, loan amounts and terms, fees, customer experience, and more. We also accessed loan-level data from the Home Mortgage Disclosure Act database for 2024, focusing on the top 25 reverse mortgage lenders by number of originations. We collected details on average interest rates, loan amounts, percentage split between refinance and purchase loans, and𒈔 more. To rank the lenders in our database and to generate star ratings, we weighted the data we collected and grouped those factors into five broad areas:

  • Company: 24%
  • Costs: 14%
  • Loan Features: 19%
  • Reputation: 15%
  • Customer Experience: 28%

To maintain the integrity of the data following collection and analysis, In💮vestopedia’s compliance team monitors changes to key details, like interest rates and fees. Compliance team members then update our pages to ensure they are accurate as of the date on the byline.

Custom illustration shows an orange background and blue and white squares with images of a stack of cash on one, and a house, with a car and yard on the other. They are connected by white steps. Title reads "Best Reverse Mortgage Companies."

Investopedia / Arif Qazi
Article Sources
Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.

  1. National Reverse M𝕴ortgage Lenders Association. “.”

  2. J.D. Power. “.”

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