10 Top Reverse Mortgage (HECM) Lenders for Seniors in 2026

In this article, I will be covering the Top Reverse Mortgage (HECM) Lenders for Seniors including their key features, loan options, eligibility criteria, interest rates, fees and customer support.

Learn how various lenders can help eligible seniors tap their home equity in retirement. You will also learn the most important comparison factors to help you choose the reverse mortgage lender that best fits your financial needs.

Key Points & Top Reverse Mortgage (HECM) Lenders for Seniors

Lender Name	Explanation (12 Words Each)
Finance of America Reverse (FAR)	Offers reverse mortgage solutions helping eligible seniors convert home equity into retirement income.
Mutual of Omaha Mortgage	Provides reverse mortgage options designed to help seniors access home equity during retirement.
Longbridge Financial	Specializes in reverse mortgages offering seniors flexible ways to supplement retirement finances.
Fairway Independent Mortgage Corporation	Offers mortgage services, including reverse mortgage options for eligible older homeowners seeking financial flexibility.
Guild Mortgage	Provides mortgage solutions and may help eligible seniors explore reverse mortgage financing options.
American Advisors Group (AAG)	Known for reverse mortgage products helping eligible homeowners access equity without monthly mortgage payments.
Liberty Reverse Mortgage	Offers reverse mortgage solutions designed to help seniors use home equity for retirement needs.
Reverse Mortgage Funding (RMF)	Historically provided reverse mortgages; verify current operations and availability before considering this lender.
South River Mortgage	Provides reverse mortgage services helping eligible older homeowners explore home equity borrowing opportunities.
Northwest Reverse Mortgage	Focuses on reverse mortgage guidance for seniors seeking to access their home equity.

10 Top Reverse Mortgage (HECM) Lenders for Seniors

1. Finance of America Reverse (FAR)

Finance of America (1) Reverse is one of the largest reverse mortgage lenders in the U.S. Its loan options include the HECM, HECM for Purchase and proprietary HomeSafe jumbo products. Must be 62+, live in home as primary residence, have sufficient equity, and counseling.

Rates may be fixed or variable and depend on market conditions. Fees comprise the FHA premiums, an origination fee (which must not exceed $6,000 for HECMs), and standard closing costs. Payouts include a lump sum, monthly payments or line of credit A large national network of reverse specialists and strong educational resources support customer service.

Finance of America Reverse (FAR)

Feature	Details
Product Variety	Offers the HECM, HECM for Purchase and proprietary HomeSafe jumbo reverse loans.
National Reach	Large network of reverse mortgage specialists serving many states.
Flexible Payouts	Lump sum, monthly payments, line of credit or a combination.
Education Resources	Guides, calculators and consultations to help seniors understand the loan.

2. Mutual of Omaha Mortgage

Mutual of Omaha Mortgage is backed by a well-known insurance company with a legacy. It provides HECM loans (including purchase options) for borrowers 62+ who occupy the home as their principal residence and have sufficient equity. Interest rates are competitive, tied to market rates and with both fixed and adjustable options.

Fees include the origination fee, mortgage insurance premiums, appraisal, and title costs. Options for payout include lump sum, tenure or term payments, line of credit or a combination of options. Customer service is routinely lauded for its no-pressure, clear approach and for educational advice for seniors.

Mutual of Omaha Mortgage

Feature	Details
Trusted Brand	Backed by a long-established insurance company, which adds credibility.
HECM Options	Standard HECM and HECM for Purchase for borrowers aged 62+.
Payout Choices	Lump sum, tenure or term payments, line of credit or a mix.
Low-Pressure Service	Known for a clear, educational approach to explaining loan terms.

3. Longbridge Financial

Longbridge Financial is a specialist in reverse mortgages. The company’s loan products include the HECM, HECM for Purchase and its own jumbo reverse mortgage, Platinum, for more expensive homes. Eligibility: Borrowers must be 62+, own the home with significant equity, complete counseling and maintain property taxes and insurance.

The rates of interest depend on the product and market conditions. Fees include: origination, FHA premiums and third party closing costs. Payouts can be lump sum, monthly payments or a line of credit. Customer service is provided by dedicated reverse mortgage specialists and online tools to estimate loan proceeds.

Longbridge Financial

Feature	Details
Reverse Specialist	Focuses on reverse mortgages rather than general lending.
Jumbo Option	Proprietary Platinum reverse mortgage for higher-value homes.
Online Tools	Calculators to estimate loan proceeds before applying.
Dedicated Specialists	Trained reverse mortgage advisors guide borrowers through the process.

4. Fairway Independent Mortgage Corporation

Fairway Independent Mortgage Corporation is a large retail lender with a reverse division offering reverse mortgages. Its loan offerings are largely the traditional HECM and HECM for Purchase. HUD-approved counseling required with primary residence and adequate equity; available to age 62+. Interest rates can be fixed or adjustable based on the payout structure.

Fees include FHA mortgage insurance, normal closing costs like appraisal and title charges, and origination fees. Payouts include a lump sum, a payout over a tenure or term, or a line of credit. Customer service benefits from Fairway’s large branch network and experience in traditional and reverse lending.

Fairway Independent Mortgage Corporation

Feature	Details
Large Retail Lender	Broad branch network across the U.S.
HECM Products	Standard HECM and HECM for Purchase.
Combined Experience	Offers both traditional and reverse mortgage expertise.
Flexible Payouts	Lump sum, tenure or term payments, or a line of credit.

5. Guild Mortgage

Guild Mortgage is a well-respected, established national lender known for its personal service. Where it does offer reverse products, the loan options are typically FHA-insured HECMs, including the HECM for Purchase. Borrowers must be 62+ and have a primary residence, sufficient equity and HUD counseling. Interest rates are market-dependent, loan-dependent and borrower-dependent.

Fees include origination, upfront and annual FHA insurance and third party closing costs. Lump sum, monthly payments or line of credit are payout options. Local loan officers offer customer service and help seniors navigate the process. Availability of reverse offerings subject to change. Please verify.

Guild Mortgage

Feature	Details
Established Lender	Long-standing national mortgage company.
Local Loan Officers	Personal, face-to-face guidance for seniors.
FHA-Insured HECM	Government-backed reverse mortgage with borrower protections.
Payout Flexibility	Lump sum, monthly payments or line of credit. Confirm current reverse availability first.

6. American Advisors Group (AAG)

American Advisors Group was once one of the most recognizable reverse mortgage lenders and is now a part of Finance of America. They offer reverse mortgages including the HECM, HECM for Purchase and proprietary jumbo reverse loans. You must be 62 or older, own your primary home with enough equity and get counseling.

Interest rates are fixed or adjustable, depending on the payout option. Fees include an FHA mortgage insurance, an origination fee and standard closing costs . Payouts can be a lump sum, monthly payments, a line of credit or combinations. Historically, customer service has been all about senior education, free guides and consultations, so see how this is currently branded.

American Advisors Group (AAG)

Feature	Details
Well-Known Name	Long one of the most recognized reverse mortgage brands; now part of Finance of America.
Loan Variety	HECM, HECM for Purchase and proprietary jumbo loans.
Senior Education	Free guides and consultations.
Payout Options	Lump sum, monthly payments, line of credit or combinations.

7. Liberty Reverse Mortgage

Liberty Reverse Mortgage specializes in reverse lending for seniors. It has HECM loans and HECM for Purchase loan choices. Qualify for a Reverse Mortgage by being 62+ years old, living in the home as your primary residence, and having sufficient equity and completing HUD-approved counseling. Interest rates can be fixed or adjustable and follow market conditions.

Fees cover origination fee, FHA premiums, appraisal, title and closing costs. You can receive the payout in a lump sum, annuity or term payments, or a line of credit. Reverse mortgage specialists explain the terms of the loan; customer service is key. Before you apply, make sure you check that the lender is licensed and still in business.

Liberty Reverse Mortgage

Feature	Details
Reverse Focus	Concentrates on lending to older homeowners.
HECM Products	HECM and HECM for Purchase.
Specialist Guidance	Advisors explain terms, costs and obligations.
Flexible Payouts	Lump sum, tenure or term payments, or line of credit. Verify current licensing before applying.

8. Reverse Mortgage Funding (RMF)

Reverse Mortgage Funding, a former major HECM lender and servicer, shut down operations in 2022 due to financial troubles and action by Ginnie Mae. It is an important warning for anyone who studies it. Its loan offerings were traditionally HECM and HECM for Purchase.

Typical eligibility: 62 years or older, primary residence, counseling. It charged typical fees, such as the origination fee, FHA premiums and closing costs, and had the usual payouts of a lump sum, monthly payments or a line of credit. Seniors with a loan originated by RMF should check who services it now. Choose an active lender for new loans.

Reverse Mortgage Funding (RMF)

Feature	Details
Historical Lender	Was a major HECM lender and servicer.
Operations Ceased	Stopped operating in 2022, so it is not an option for new loans.
Past Products	Offered the HECM and HECM for Purchase.
Existing Borrowers	Those with RMF-originated loans should confirm who services their loan now.

9. South River Mortgage

South River Mortgage is a smaller lender that focuses on regional markets and has a more personalized feel. The standard loan options are the standard HECM and HECM for Purchase. Must be 62 or older. Must live in home, with significant equity and counseling required. Interest rates can be fixed or variable and are a reflection of market conditions.

Fees generally include the origination fee, FHA mortgage insurance and third-party closing costs. The payment options include a lump sum, monthly payments, a line of credit or some combination. One benefit of smaller lenders like this is customer service, where borrowers tend to work with the same loan officer throughout the process. Check your state’s licensing.

South River Mortgage

Feature	Details
Personalized Service	Smaller lender where borrowers often work with one loan officer throughout.
HECM Options	Standard HECM and HECM for Purchase.
Flexible Payouts	Lump sum, monthly payments, line of credit or a mix.
Regional Focus	Confirm licensing and availability in your state.

10. Northwest Reverse Mortgage

Northwest Reverse Mortgage is a regional lender focused on reverse loans. Their loan offerings include the FHA-insured HECM and the HECM for Purchase. Borrowers must be 62+, live in the home as their primary residence, have sufficient equity and complete HUD counseling to qualify. Loan type and market conditions interest rates.

Fees include the origination fee, FHA insurance premiums and closing costs such as appraisal and tile. You can choose a lump sum payout, payments for a certain period of time or the rest of your life, or a line of credit. Customer service is consultative, with specialists who walk seniors and their families through the details. Can you confirm the states it covers?

Northwest Reverse Mortgage

Feature	Details
Reverse Specialist	Regional lender focused on reverse loans.
HECM Products	FHA-insured HECM and HECM for Purchase.
Consultative Approach	Specialists walk seniors and families through the details.
Payout Choices	Lump sum, tenure or term payments, or line of credit. Confirm which states it serves.

Conclusion

Thus, compare interest rates, fees, loan types, qualification rules, and customer care when choosing a Top Reverse Mortgage (HECM) Lender for Seniors. Seniors should shop around at multiple lenders, check current licensing and know the repayment obligations before proceeding.

Retirement is an important phase of life and a reverse mortgage can be a good fit for some people. It is important to work with a HUD-approved housing counselor who can help you evaluate the options available and determine if a reverse mortgage is appropriate for your retirement goals and financial needs.

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