Reverse mortgage lenders
We list the reverse mortgage lenders with the most FHA HECMs closed during HUD's latest twelve months of data, rank them by loans closed and show what to compare.
In the latest twelve months covered by HUD's data, 34 lenders closed 24,529 HECMs. The reverse mortgage lenders are ranked by HECMs closed. Loan volume determines this ranking, not which lender offers you the best deal.
We counted HECMs endorsed from September 2025 through August 2026 by HUD-listed sponsor lender using the HUD HECM portfolio snapshot. Each lender name links to that lender's own website, and none of them pays us.
| Rank | Lender | HECMs | Share of all |
|---|---|---|---|
| 1 | Finance of America Reverse | 5,824 | 23.7% |
| 2 | Longbridge Financial | 5,640 | 23% |
| 3 |  | 5,313 | 21.7% |
| 4 | Traditional Mortgage Acceptance Corporation | 1,222 | 5% |
| 5 | South River Mortgage | 858 | 3.5% |
| 6 |  | 779 | 3.2% |
| 7 | Guild Mortgage | 753 | 3.1% |
| 8 | PHH Mortgage | 668 | 2.7% |
| 9 | Plaza Home Mortgage | 493 | 2% |
| 10 | High Tech Lending | 395 | 1.6% |
| 11 |  | 365 | 1.5% |
| 12 |  | 333 | 1.4% |
| 13 |  | 270 | 1.1% |
| 14 |  | 249 | 1% |
| 15 |  | 231 | 0.9% |
| 16 | MCM Holdings | 175 | 0.7% |
| 17 |  | 161 | 0.7% |
| 18 |  | 148 | 0.6% |
| 19 |  | 119 | 0.5% |
| 20 |  | 87 | 0.4% |
| 21 | VIP Mortgage | 84 | 0.3% |
| 22 | CalCon Mutual Mortgage | 83 | 0.3% |
| 23 | Sun American Mortgage | 54 | 0.2% |
| 24 | Land Home Financial Services | 35 | 0.1% |
| 25 | Guaranteed Rate | 35 | 0.1% |
| 26 | Sun West Mortgage | 35 | 0.1% |
| 27 | Nationwide Equities | 34 | 0.1% |
| 28 | Cornerstone Capital Bank | 26 | 0.1% |
| 29 | Trust Mortgage Lending | 23 | 0.1% |
| 30 | University Bank | 23 | 0.1% |
| 31 | Western Ohio Mortgage | 6 | 0% |
| 32 | Advisors Mortgage Group | 6 | 0% |
| 33 | Bloom Retirement Holdings | 1 | 0% |
| 34 | CMG Mortgage | 1 | 0% |
Finance of America reverse mortgage
With 5,824 HECMs sponsored between September 2025 and August 2026, 23.7% of all HECMs, Finance of America Reverse had the highest total of any lender in HUD's records. Finance of America Reverse ranks among the top ten HECM lenders in 50 states and DC. Its largest loan totals were in California (1,087), Florida (524) and Texas (395). Finance of America Reverse's reverse mortgage site.
Reverse mortgage: Longbridge Financial
Second among lenders in HUD's data, Longbridge Financial sponsored 5,640 HECMs. From September 2025 through August 2026, 23% of all HECMs came from this lender. Longbridge Financial ranks among the top ten HECM lenders across 50 states and DC. The states with its highest totals were California (738), Florida (412) and Texas (406). Longbridge Financial's reverse mortgage site.
Mutual of Omaha reverse mortgage
With 5,313 HECMs sponsored between September 2025 and August 2026, 21.7% of all HECMs, Mutual of Omaha Mortgage placed third among lenders in HUD's records. Mutual of Omaha Mortgage ranks among the top ten HECM lenders in 49 states and DC. Its largest loan totals were in California (777), Florida (438) and Texas (382). Mutual of Omaha Mortgage's reverse mortgage site.
Reverse mortgage: Traditional Mortgage Acceptance Corporation
HUD's data list 1,222 HECMs sponsored by Traditional Mortgage Acceptance Corporation for September 2025 through August 2026, 5% of all HECMs and fourth among lenders. Traditional Mortgage Acceptance Corporation ranks among the top ten HECM lenders in 35 states and DC. Its three highest totals came from California (277), Florida (81) and Texas (80).
Reverse mortgage: South River
With 858 HECMs sponsored between September 2025 and August 2026, 3.5% of all HECMs, South River Mortgage ranked fifth among lenders in HUD's records. South River Mortgage ranks among the top ten HECM lenders in 27 states. Its largest loan totals were in Texas (127), North Carolina (74) and Florida (69).
How the lender numbers were counted
The source for every count is HUD's HECM single-family portfolio snapshot. That file lists each HECM FHA endorses. Our figures come from the monthly files covering September 2025 through August 2026. No loans appear in the October 2025 file.
- We credit each loan to its sponsor lender, which provided the funding. If HUD does not list a sponsor, we assign the loan to its originating lender.
- We count broker-arranged loans under the lender that provided the funding, rather than the broker.
- Our count includes only FHA-insured HECMs. HUD's data does not include private jumbo loans.
- We rank lenders only by the number of loans closed.
Lenders that close many loans have a lot of experience with HECMs. Closing many loans does not mean that a lender has the lowest margin or fees.
Comparing offers from reverse mortgage lenders
All lenders apply the same HUD factors, $1,249,125 limit and 2% upfront mortgage insurance. The differences appear in a short list:
| What to compare | Why it matters |
|---|---|
| Margin | This sets the expected rate, which affects both your payout and the speed at which the balance grows |
| Origination fee | Limited to $6,000 under 24 CFR 206.31, although many lenders charge less |
| Third-party closing costs | Fees for title, appraisal and settlement, plus any lender credits toward those fees |
| Servicer | The firm that sends statements, manages draws and works with heirs |
| Money available after costs | The one number that sums up the offer |
On the same day, request a written estimate from each lender that lists the margin and all fees. Next, add each margin and cost amount under More settings on the calculator, then compare how much money remains after costs. Over many years, a higher margin often makes a deal cost more, even when the origination fee is lower. The HECM rates guide shows the size of a margin's effect on the result.
Best reverse mortgage companies: what "best" means here
Your own quotes are needed to determine which lender is best for your home, because no list can do so. The lender ranked first here closed more HECMs than any other lender. This shows that the lender is large and active, but its offer may not be better than one from a smaller lender.
When you choose a good lender, you can expect written margin and fee terms. The lender will wait for your counseling certificate without pressure and answer your family's questions. It will also explain who will service the loan.
Lenders, brokers and servicers
- Lender. Provides the loan funding. The table lists these lenders.
- Broker. Handles your application and shops it among lenders for a fee. HUD's data lists the loan under the lender that funded it.
- Servicer. Once the loan closes, it handles statements and line of credit draws. It also manages tax and insurance checks and payoff figures. The servicer may not be the same company as the lender.
Before closing, ask which company will service the loan. Following a death, your heirs will work with the company that services the loan.
Reverse mortgage lenders near me
Most large lenders operate in many states, and HECM rules do not change by location. Each page under reverse mortgage by state ranks lenders by HECMs closed in that state and lists its HUD-approved counseling agencies and mortgage regulator.
Reviews and complaints
We do not publish star ratings or reviews. You can check a lender this way:
- find its license through the mortgage regulator named on your state's page
- review any complaints the CFPB has received about the lender
How this page is paid for
We do not accept fees from lenders. Lenders paid nothing to appear on the list, receive a higher rank or have their names described in a particular way. No tracking appears on our plain links to lender sites, and this site includes no lead form. The disclosure page explains how we fund the site.
Questions people ask
Which reverse mortgage lender ranks first?
HUD's latest twelve months of data placed Finance of America Reverse first with 5,824 HECMs closed. Next came Longbridge Financial with 5,640 and Mutual of Omaha Mortgage with 5,313.
Which reverse mortgage lenders are approved by HUD?
Lenders that make HECMs must be FHA-approved. All lenders in this table closed FHA-insured HECMs recorded in HUD's data.
How much do reverse mortgage fees cost on average?
Upfront mortgage insurance costs 2% of home value, up to the limit, while the origination fee cannot exceed $6,000. Costs from other parties change depending on the state. The calculator's default worksheet shows a total of $18,500 for a home valued at $450,000.
Which lender is best for a reverse mortgage?
Choose the lender that offers the most money after costs, using a margin you can live with and providing the offer in writing. Compare quotes on the same day, but first get quotes from more than one lender.
Is Finance of America a good company for reverse mortgages?
HUD's latest year shows that it closed the most HECMs, giving it wide experience. Whether its margin and fees compare well with other quotes determines if the offer suits you.