Reverse mortgage in Maine
In Maine, HUD's own loan records identify the lenders, where loans were made and who provides counseling.
- In Maine, 150 HECMs closed over one year
- Median home value counted by HUD: $470,500
- In Maine: Mutual of Omaha Mortgage Most HECMs (47)
In HUD's HECM data, Maine recorded 150 closed reverse mortgages from September 2025 through August 2026, 0.6% of 24,529 HECMs nationwide. Maine ranked 33rd of the 50 states and DC.
These included 2 home purchases with HECM for Purchase, 14 refinancings of older HECMs and 8 at the $1,249,125 value limit.
Maine HECMs compared with national figures
The final two rows come from the calculator.
| Maine | Against all HECMs | |
|---|---|---|
| HECMs closed | 150 | 0.6% of all 24,529 |
| Median home value counted | $470,500 | $30,500 more |
| Median principal limit | $217,080 | $22,908 more |
| Principal limit as a share of value | 44.5% | 1.1 points higher |
| Median expected rate | 5.75% | 0.125 points lower |
| HECM for Purchase | 1.3% | 4.2 points lower |
| Refinanced HECMs | 9.3% | 1.5 points lower |
| Lenders with a loan here | 10 | of 34 nationwide |
| Remaining after costs, age 70, median home, no mortgage | $162,703 | $11,163 more |
| Usable in the first year at age 70 | $90,058 | $6,454 more |
Maine HECM lenders ranked by loan count
In Maine, 10 lenders sponsored HECMs. Mutual of Omaha Mortgage, Longbridge Financial and Finance of America Reverse led the list, making 117 of the 150 loans (78%). See the national ranking to compare.
| Rank | Lender | HECMs | Share |
|---|---|---|---|
| 1 |  | 47 | 31.3% |
| 2 | Longbridge Financial | 40 | 26.7% |
| 3 | Finance of America Reverse | 30 | 20% |
| 4 | Traditional Mortgage Acceptance Corporation | 10 | 6.7% |
| 5 | High Tech Lending | 9 | 6% |
| 6 | PHH Mortgage | 5 | 3.3% |
| 7 | Guild Mortgage | 4 | 2.7% |
| 8 |  | 3 | 2% |
| 9 |  | 1 | 0.7% |
| 10 |  | 1 | 0.7% |
Lenders and brokers based locally that originated HECMs in Maine
Maine HECM applications went to 24 companies. Apart from the national lenders, Big Horizon Mortgage (19) and Maine Mortgage Solutions (11) originated the most. Atlantic Avenue Mortgage (10) and West Capital Lending (3) sit in that same top group, along with Loandepot.com (3). So do Carrington Mortgage Services (2), then Acadia Lending Group (2), plus T2 Financial (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.
Places where Maine HECMs were made
With 41 of the 150 loans, Cumberland County ranked first, while York had 38. Portland (8), York (6), Brunswick (4), Scarborough (4) and Bridgton (4) had the highest city totals. 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 |
|---|---|---|
| Cumberland | 41 | 27.3% |
| York | 38 | 25.3% |
| Hancock | 10 | 6.7% |
| Oxford | 8 | 5.3% |
| Kennebec | 7 | 4.7% |
| Knox | 7 | 4.7% |
Maine: HUD-approved counselors for reverse mortgages
Maine has 1 reverse mortgage counseling agency on HUD's list. HUD's counselor search provides their phone numbers.
| City | Agency | How they counsel | Languages |
|---|---|---|---|
| Brunswick, ME | Coastal Enterprises, Incorporated | phone, in person, online | English, Spanish |
Maine property tax relief for older homeowners
Property Tax Relief Programs | Maine Revenue Services. If your Maine municipality enacts the program, it may defer property taxes for senior homeowners when you meet its age and income requirements.
Who oversees reverse mortgage lenders in Maine
For loan brokers in Maine, the Bureau of Consumer Credit Protection handles licensing. Loan Broker FAQs | Maine Bureau of Consumer Credit Protection.
Data comes from the HUD HECM portfolio snapshot, covering the period from September 2025 through August 2026. All states.