6 Best Reverse Mortgage Companies of November 2025
Reverse mortgages offer homeowners aged 62 and older a unique way to access their home equity without selling their property or making monthly loan payments. However, selecting the right reverse mortgage lender is crucial to ensure favorable terms, reliable service, and comprehensive coverage. This guide reviews the six best reverse mortgage companies currently available, helping you make an informed decision based on your specific financial needs and circumstances.
We evaluated reverse mortgage providers based on regulatory compliance, interest rates, customer satisfaction, geographic availability, and product variety. Each company on this list offers distinct advantages depending on whether you prioritize competitive rates, nationwide coverage, or extensive loan options.
Best Overall: Finance of America
Finance of America (NMLS #2285) stands out as the top reverse mortgage provider, earning a comprehensive 4.4 out of 5 rating across multiple evaluation criteria. The company successfully balances competitive offerings with strong customer service and industry reputation.
Key Features:
- Minimum age requirement: 55 years old
- Maximum loan amount: $4 million
- Average HECM rate (June 2025): 6.33%
- No notable regulatory actions or lawsuits
- Strong reviews and ratings across all platforms
- Middle-of-the-road interest rates
- Available in most states (with some geographic limitations)
Product Types Available:
Finance of America offers diverse reverse mortgage solutions including Home Equity Conversion Mortgages (HECMs), proprietary/jumbo reverse mortgages, and second-lien credit lines. This product variety ensures that borrowers can find a loan structure matching their specific financial objectives and circumstances.
Why Choose Finance of America: The company’s combination of product diversity, wide availability, strong ratings, and comprehensive online resources makes it an excellent option for most borrowers. Finance of America maintains a strong industry reputation with zero NMLS actions or notable lawsuits over the past five years, demonstrating reliable and ethical business practices.
Best for Comparison Shopping: Northwest Reverse Mortgage
For borrowers seeking maximum choice and flexibility, Northwest Reverse Mortgage (NMLS #347051) functions as a specialized mortgage broker offering expansive options from multiple providers.
Distinguishing Features:
- Access to HECMs for purchase options
- Four proprietary and jumbo reverse mortgage options
- Products from Finance of America and Longbridge Financial
- Niche mortgage broker specializing in reverse mortgages
- Limited geographic availability (28 states)
Why Choose Northwest Reverse Mortgage: If maximizing your options is a priority, Northwest Reverse Mortgage provides unparalleled access to comprehensive reverse mortgage products. The company’s broker model allows you to compare multiple offerings without shopping between different lenders individually, streamlining the decision-making process significantly.
Geographic Consideration: The primary limitation is availability in only 28 states, which may restrict access for borrowers in other regions.
Best for Coverage Options: Longbridge Financial
Longbridge Financial (NMLS #957935) distinguishes itself by offering nationwide availability—serving all 50 states plus Washington, D.C.—and innovative product solutions.
Key Characteristics:
- Available in all 50 states plus Washington, D.C.
- Proprietary reverse mortgage products
- Recently launched Platinum Preserve product
- Fixed-rate options available
- Maximum loan amount: Competitive rates
Platinum Preserve Innovation:
Longbridge Financial recently announced its proprietary Platinum Preserve reverse mortgage product, a game-changing option that allows borrowers to reserve 10% to 40% of their home equity for future use while maintaining a fixed interest rate. This innovative approach provides financial flexibility and long-term security simultaneously.
Why Choose Longbridge Financial: Regardless of your location in the United States, Longbridge Financial provides reliable reverse mortgage solutions. The company’s innovative product offerings and commitment to nationwide accessibility make it an excellent choice for borrowers seeking comprehensive coverage and forward-thinking financial options.
Best for Low Rates: Guild Mortgage
Guild Mortgage (NMLS #3274) earned recognition for offering the lowest HECM rates among large, nationwide reverse mortgage lenders, with competitive pricing that can result in substantial savings.
Competitive Advantages:
- Lowest HECM rates: Average of 6.12% (June 2025)
- Serves 49 states (not available in New York)
- Maximum loan amount: $4 million
- Minimum age requirement: 62 years old
- Exceptional customer ratings: 4.97 out of 5 on Zillow (42,000+ reviews)
- No regulatory actions against the company
Product Offerings:
Guild Mortgage provides comprehensive reverse mortgage solutions including standard HECMs, HECMs for purchase, HECMs for refinancing, and proprietary/jumbo reverse mortgages, ensuring solutions for virtually any borrower situation.
Why Choose Guild Mortgage: If minimizing interest costs is your primary concern, Guild Mortgage’s low rates represent significant long-term savings potential. The company’s exceptional customer satisfaction ratings, demonstrated by nearly 5 out of 5 stars across thousands of reviews, confirm strong service quality and customer support.
Best for Homebuyers: Fairway
Fairway stands out for borrowers seeking to purchase a home using a reverse mortgage, offering e-closings and nationwide availability.
Service Highlights:
- Available in all 50 states
- E-closing capabilities for convenience
- Wide product variety
- Maximum loan amount: $4 million
- Minimum age requirement: 62 years old
- Average rates (June 2025): 6.35%
Product Range:
Fairway offers HECMs, HECMs for purchase, second-lien HELOCs, and proprietary/jumbo reverse mortgages, providing flexibility across various financial scenarios.
Considerations:
- BBB rating could be improved
- Higher-than-average interest rates compared to competitors
- Recent customer data breach reported
Why Choose Fairway: For borrowers specifically interested in using a reverse mortgage to purchase a property, Fairway’s specialized HECM for purchase products and nationwide e-closing capabilities provide significant convenience and accessibility. The company’s all-50-states availability ensures homebuyers everywhere can access these services.
Honorable Mention: Atlantic Avenue Mortgage
Atlantic Avenue Mortgage (NMLS #2413563) offers ultra-low interest rates that could result in substantial savings for qualified borrowers. However, limited availability in only 27 states prevented it from ranking in the top six despite competitive pricing.
If you reside in one of Atlantic Avenue’s service areas, comparing their rates with the top-ranked providers could yield significant advantages in overall loan costs.
Selection Criteria and Methodology
Our evaluation prioritized companies demonstrating the highest standards across multiple dimensions:
- Clean regulatory history with no lawsuits or NMLS actions within the past five years
- Competitive HECM interest rates based on government data from February 2025
- High customer ratings across Better Business Bureau, Zillow, Google, and Trustpilot platforms
- Low minimum age requirements expanding borrower accessibility
- Wide geographic availability allowing nationwide access
- Diverse reverse mortgage product offerings including HECMs, jumbo products, and proprietary loans
Comparison Table: Top Reverse Mortgage Providers
| Company | Min Age | States Served | Avg Rate (June 2025) | Max Loan Amount | Best For |
|---|---|---|---|---|---|
| Finance of America | 55 | Most States | 6.33% | $4 Million | Overall Excellence |
| Northwest Reverse Mortgage | Varies | 28 States | Varies | Varies | Comparison Shopping |
| Longbridge Financial | Varies | 50 States + DC | Competitive | Varies | Coverage Options |
| Guild Mortgage | 62 | 49 States | 6.12% | $4 Million | Low Rates |
| Fairway | 62 | 50 States | 6.35% | $4 Million | Home Buyers |
| Atlantic Avenue Mortgage | Varies | 27 States | Low | Varies | Ultra-Low Rates |
Understanding Reverse Mortgages
What is a Reverse Mortgage?
A reverse mortgage is a loan product allowing homeowners aged 62 and older to borrow against their home equity without selling their property or making monthly loan payments. The lender provides funds based on your home’s value and equity, typically distributed as a lump sum, monthly payments, or a line of credit.
Types of Reverse Mortgages
Four main types exist: Home Equity Conversion Mortgages (HECMs), HECMs for purchase, proprietary reverse mortgages, and single-purpose reverse mortgages. Each serves different financial objectives and circumstances.
Federal Protections
Home Equity Conversion Mortgages (HECMs) provide superior consumer protections compared to proprietary alternatives. These federally-backed loans are non-recourse, meaning you’ll never owe more than your home’s value, even if property values decline. Federal insurance also protects borrowers if their lender becomes insolvent, and interest rates typically remain lower than proprietary options.
Frequently Asked Questions
Q: What is the minimum age requirement for a reverse mortgage?
A: Most reverse mortgages require borrowers to be at least 62 years old. However, some lenders like Finance of America allow borrowers as young as 55. Check with individual lenders for their specific age requirements.
Q: Do reverse mortgages have federal protections?
A: Yes, Home Equity Conversion Mortgages (HECMs) are federally insured by the FHA and offer significant protections including non-recourse provisions, meaning you cannot owe more than your home’s value. Proprietary reverse mortgages may have fewer federal protections.
Q: What’s the difference between fixed-rate and adjustable-rate reverse mortgages?
A: Fixed-rate mortgages provide a set interest rate for the entire loan term, offering predictability. Adjustable-rate mortgages have interest rates that fluctuate over time. Fixed rates typically require lump-sum distribution at closing and may offer smaller loan amounts.
Q: Can a reverse mortgage help improve retirement security?
A: Research suggests reverse mortgages can significantly enhance retirement security. A 2016 Financial Planning Association study found that homeowners using a reverse mortgage line of credit doubled their odds of maintaining adequate cash over a 30-year retirement, improving success rates from 40% to 80%.
Q: What factors should I consider before getting a reverse mortgage?
A: Consider interest rates, geographic availability, product variety, customer service quality, and regulatory compliance. Evaluate whether a lump sum, monthly payments, or line of credit best suits your financial needs. Compare options from multiple lenders before deciding.
Q: Are reverse mortgages safe financial products?
A: Reverse mortgages, particularly HECMs, come with significant federal protections and regulatory oversight. The industry has evolved substantially, with consumer protections now including pathways for non-borrowing spouses to remain in the home and measures to prevent financial hardship. However, borrowers should thoroughly understand terms and fees before proceeding.
Conclusion
Selecting the right reverse mortgage lender requires careful consideration of your specific financial circumstances, geographic location, and borrowing preferences. Finance of America excels as an overall choice offering product diversity and strong service. Guild Mortgage leads in competitive rate offerings, while Longbridge Financial provides unmatched nationwide coverage. For specialized needs—comparison shopping, home purchases, or specific state requirements—the other top providers each bring unique advantages.
Before committing to any reverse mortgage, compare rates and terms from multiple lenders, understand all fees and conditions, and consult with financial advisors about whether a reverse mortgage aligns with your retirement planning objectives. The right reverse mortgage can provide meaningful financial flexibility and security during retirement years.
References
- 6 Best Reverse Mortgage Companies of November 2025 — Money.com. 2025-11-29. https://money.com/best-reverse-mortgage/
- Reverse Mortgage Pros and Cons — Money.com. https://money.com/reverse-mortgage-pros-and-cons/
- 5 Common Reverse Mortgage Myths, Debunked — Money.com. https://money.com/5-common-reverse-mortgage-myths-debunked/
- What Is a Reverse Mortgage, and How Does It Work? — Money.com. https://money.com/what-is-a-reverse-mortgage/
- Reverse Mortgages — Federal Trade Commission Consumer Advice. https://consumer.ftc.gov/articles/reverse-mortgages
This article is general information, not personal financial advice. Consider your own situation, or speak with a licensed adviser, before acting on it.
