Reverse mortgage in Alaska
HUD's loan records show who lends in Alaska, where the loans are and who counsels there.
- In one year, 17 HECMs closed in Alaska
- HUD counted a Median home value of $440,000
- Most HECMs in Alaska came from Longbridge Financial (8)
Between September 2025 and August 2026, 0.1% of the 24,529 reverse mortgages nationwide closed in Alaska. HUD's HECM data puts that 17 at the 50th most of the 50 states and DC.
1 of those loans hit the $1,249,125 limit on value.
Alaska HECMs compared with the figures nationwide
The final two rows come from the calculator.
| Alaska | Against all HECMs | |
|---|---|---|
| HECMs closed | 17 | 0.1% of all 24,529 |
| Median home value counted | $440,000 | the same |
| Median principal limit | $197,015 | $2,843 more |
| Principal limit as a share of value | 42.8% | 0.6 points lower |
| Median expected rate | 6% | 0.125 points higher |
| HECM for Purchase | 0% | 5.5 points lower |
| Refinanced HECMs | 0% | 10.9 points lower |
| Lenders with a loan here | 5 | of 34 nationwide |
| Funds left after costs at age 70 with a median home and no mortgage | $151,540 | the same |
| Usable in the first year at age 70 | $83,604 | the same |
HECM lenders in Alaska ranked by loan totals
In Alaska, 5 lenders sponsored HECMs. The top three lenders, Longbridge Financial, Mutual of Omaha Mortgage along with Finance of America Reverse, accounted for 15 of the 17 loans (88%). See the national ranking for a comparison.
| Rank | Lender | HECMs | Share |
|---|---|---|---|
| 1 | Longbridge Financial | 8 | 47.1% |
| 2 |  | 4 | 23.5% |
| 3 | Finance of America Reverse | 3 | 17.6% |
| 4 |  | 1 | 5.9% |
| 5 |  | 1 | 5.9% |
Local lenders and brokers that made HECMs in Alaska
A total of A total of 7 companies took Alaska HECM applications. With national lenders set aside, the leading originators were Loandepot.com (4), West Capital Lending (1) and Movement Mortgage (1). These counts are of the company that originated each loan, while the ranking above counts the lender that sponsored it, so the two lists are not comparable.
Locations where Alaska HECMs were made
Anchorage County came first with 7 of the 17 loans. Kenai Peninsula followed with 4. Anchorage (5), Wasilla (3) and Homer (3) had the highest counts, followed by Kodiak (2), then Chugiak (1). City names are the mailing city on each HUD record and can reach into nearby counties, so a city's count need not match the county table.
| County | HECMs | Share |
|---|---|---|
| Anchorage | 7 | 41.2% |
| Kenai Peninsula | 4 | 23.5% |
| Matanuska-Susitna | 3 | 17.6% |
| Kodiak Island | 2 | 11.8% |
| Juneau | 1 | 5.9% |
HUD-approved counselors for reverse mortgages in Alaska
HUD's counselor list includes no agency based in Alaska. Before you apply, this session is still required: HUD's counselor search finds agencies offering counseling by phone or by video.
Property tax relief in Alaska for older homeowners
At 65 years or older, you qualify for a mandatory property tax exemption on your primary residence in Alaska, covering assessed value up to the first $150,000. Property Tax Exemptions in Alaska, Local Government Online, Division of Community and Regional Affairs.
Who oversees reverse mortgage lenders in Alaska
In Alaska, the Division of Banking and Securities supervises mortgage brokers and lenders, along with lenders that offer reverse mortgages. Correspondence To Licensees, Consumer Finance, Banking & Securities, Department of Commerce, Community and Economic Development.
Source: the HUD HECM portfolio snapshot for September 2025 to August 2026. Every state.