Best Reverse Mortgage Lenders
Latest update: March 30, 2021
15
Lenders Considered
6
Lenders Selected
40
Hours Analyzed
We evaluated 15 well-known reverse mortgage lenders, and after careful review identified the 6 best reverse mortgage companies in 2021
Table of Contents
Finance of America Reverse
Great Service
- Excellent Customer Reviews
- Competitive Pricing
- (844) 587-3377
Best Reverse Mortgage Lenders 2021
Finance of America Reverse
- Excellent Customer Reviews
- Competitive Pricing
As a member of the National Reverse Mortgage Lenders Association (NRMLA), Finance of America Reverse has retailers licensed in 43 states and a wholesale division licensed in 42 states and Puerto Rico. Its goal is to help you optimize your retirement, help ease financial worries and diversify your investments through a reverse mortgage.
Finance of America Reverse
- Excellent Customer Reviews
- Competitive Pricing
As a member of the National Reverse Mortgage Lenders Association (NRMLA), Finance of America Reverse has retailers licensed in 43 states and a wholesale division licensed in 42 states and Puerto Rico. Its goal is to help you optimize your retirement, help ease financial worries and diversify your investments through a reverse mortgage.
Finance of America Reverse
- Excellent Customer Reviews
- Competitive Pricing
As a member of the National Reverse Mortgage Lenders Association (NRMLA), Finance of America Reverse has retailers licensed in 43 states and a wholesale division licensed in 42 states and Puerto Rico. Its goal is to help you optimize your retirement, help ease financial worries and diversify your investments through a reverse mortgage.
Finance of America Reverse
- Excellent Customer Reviews
- Competitive Pricing
As a member of the National Reverse Mortgage Lenders Association (NRMLA), Finance of America Reverse has retailers licensed in 43 states and a wholesale division licensed in 42 states and Puerto Rico. Its goal is to help you optimize your retirement, help ease financial worries and diversify your investments through a reverse mortgage.
In this guide, we’ll cover how a reverse mortgage works, provide tips for making wise reverse mortgage decisions, examine the best companies in the industry and answer some frequently asked questions about the process. By the time you’ve gone through this guide, you’ll not only have a clear idea of how reverse mortgages work, but should also feel confident enough to choose a lender that is the best fit for your needs.
Top tips:
- Make sure you know about all the costs
- Put the home in both spouses’ names
Tips for a Wise Reverse Mortgage Buyer
Before you commit to a reverse mortgage, you should know exactly what it is you’re getting. Ask lots of questions (read frequently asked questions). Going into a transaction of this magnitude unprepared or without the right knowledge could cost you money in the long run.
For starters, what exactly is a reverse mortgage? It’s a financial agreement between you and a financial institution. You agree to leverage equity in your home in exchange for funds from the financial institution and/or line of credit. Funds received may take the form of monthly payments, a lump cash sum, or irregular payments based on your line of credit activity. You can use funds from the reverse mortgage to meet your needs at your discretion, such as home repairs, medical bills, groceries, or anything you need. But before you sign the dotted line to get payments, take a look at these wise buyer tips first:

Our Reverse Mortgage Expert
Dan Hultquist is the author of the book Understanding Reverse, which is the standard reverse mortgage guidebook for consumers and lenders alike. As a Certified Reverse Mortgage Professional (CRMP), and co-chair of the Education Committee for the National Reverse Mortgage Lenders Association (NRMLA), Dan speaks nationally on the topic of Reverse Mortgages.
Make sure you know about all the costs
Reverse Mortgage Lender | Best For | |
---|---|---|
1 | Finance of America Reverse | Great Service |
2 | Liberty Reverse Mortgage | Great Guarantee |
3 | American Advisors Group (AAG) | Fastest Closing |
4 | LendingTree | Great Online Experience |
5 | Magnolia Bank | Great Rates |
6 | EasyKnock | Great Personalization |
7 | One Reverse Mortgages | Great Products |