Reverse mortgage in Mississippi
HUD's own loan records show who lends in Mississippi, where the loans are and who counsels there.
- In one year, 75 HECMs were closed in Mississippi
- Median home value HUD counted: $235,000
- Most HECMs in Mississippi: Longbridge Financial (23)
According to HUD's HECM records, 75 reverse mortgages were closed in Mississippi starting September 2025 and ending August 2026, 0.3% of 24,529 loans nationwide. That total placed Mississippi 44th when the 50 states and DC were ranked together.
In this group, 3 purchases used HECM for Purchase, 5 loans refinanced an older HECM and 2 came in at the $1,249,125 value limit.
Mississippi HECMs set against national numbers
The final two rows come from the calculator.
| Mississippi | Against all HECMs | |
|---|---|---|
| HECMs closed | 75 | 0.3% of all 24,529 |
| Median home value counted | $235,000 | $205,000 less |
| Median principal limit | $97,364 | $96,808 less |
| Principal limit as a share of value | 41.4% | 2 points lower |
| Median expected rate | 5.875% | the same |
| HECM for Purchase | 4% | 1.5 points lower |
| Refinanced HECMs | 6.7% | 4.2 points lower |
| Lenders with a loan here | 12 | of 34 nationwide |
| Remaining at age 70 after costs, median home, no mortgage | $78,160 | $73,380 less |
| Usable in the first year at age 70 | $41,876 | $41,728 less |
Mississippi HECM lenders ranked by loans
In Mississippi, 12 lenders sponsored HECMs. The three leaders were Longbridge Financial, Mutual of Omaha Mortgage and Finance of America Reverse, with 54 loans of the 75 (72%). See the national ranking for a comparison.
| Rank | Lender | HECMs | Share |
|---|---|---|---|
| 1 | Longbridge Financial | 23 | 30.7% |
| 2 |  | 19 | 25.3% |
| 3 | Finance of America Reverse | 12 | 16% |
| 4 | Guild Mortgage | 5 | 6.7% |
| 5 |  | 5 | 6.7% |
| 6 | Traditional Mortgage Acceptance Corporation | 4 | 5.3% |
| 7 |  | 2 | 2.7% |
| 8 |  | 1 | 1.3% |
| 9 | PHH Mortgage | 1 | 1.3% |
| 10 |  | 1 | 1.3% |
Local lenders and brokers who originated HECMs in Mississippi
Mississippi HECM applications were taken by 21 companies. Outside the national lenders, the companies originating the most were Atlantic Avenue Mortgage (5), Eustis Mortgage (3), 1st Legacy Capital (3), Loandepot.com (2), The Mortgage Firm (1), T2 Financial (1), Sierra Pacific Mortgage (1) and Jts and (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 Mississippi HECMs were made
Desoto had 9 of the 75 loans, while Harrison County led with 14. Cities with the highest counts: Olive Branch (5), Biloxi (5), Gulfport (5), Madison (4) and Oxford (3). 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 |
|---|---|---|
| Harrison | 14 | 18.7% |
| Desoto | 9 | 12% |
| Madison | 5 | 6.7% |
| Hancock | 5 | 6.7% |
| Lafayette | 3 | 4% |
| Rankin | 3 | 4% |
Mississippi reverse mortgage counselors on the HUD-approved list
HUD's counselor list has no agency based in Mississippi. Before you apply, the session is still required: HUD's counselor search lists agencies that offer counseling by phone or video.
Older homeowners in Mississippi: property tax relief
In Mississippi, homeowners aged 65 and over get the first $7,500 worth of assessed home value exempt from property taxes through the Homestead Exemption. HOMESTEAD EXEMPTION | Mississippi Department of Revenue
Who oversees reverse mortgage lenders in Mississippi
Mortgage lenders and brokers in Mississippi are licensed and regulated by the Mississippi Department of Banking and Consumer Finance. Mortgage - Mississippi Department of Banking and Consumer Finance.
Data from the HUD HECM portfolio snapshot, September 2025 through August 2026. Every state.