Reverse mortgage in Montana
In Montana, HUD's own loan records show which lenders offer these loans, where they are made and who counsels borrowers.
- Montana recorded 149 HECMs closed over one year
- Median home value HUD counted: $500,000
- Mutual of Omaha Mortgage Most HECMs: 33 in Montana, more than any other lender
HUD's HECM data shows 149 closings of reverse mortgages in Montana between September 2025 and August 2026, 0.6% of the 24,529 counted nationwide. Montana holds 34th place out of the 50 states and DC.
Among those loans, 4 financed a home purchase with a HECM for Purchase, 23 of them refinanced an older HECM and 9 hit the $1,249,125 value cap.
Montana HECMs compared with national figures
The final two rows come from this calculator.
| Montana | Against all HECMs | |
|---|---|---|
| HECMs closed | 149 | 0.6% of all 24,529 |
| Median home value counted | $500,000 | $60,000 more |
| Median principal limit | $220,340 | $26,168 more |
| Principal limit as a share of value | 43.2% | 0.2 points lower |
| Median expected rate | 5.875% | the same |
| HECM for Purchase | 2.7% | 2.8 points lower |
| Refinanced HECMs | 15.4% | 4.6 points higher |
| Lenders with a loan here | 16 | of 34 nationwide |
| At age 70, for a median home with no mortgage: amount left after costs. | $173,500 | $21,960 more |
| Usable in the first year at age 70 | $96,300 | $12,696 more |
Montana HECM lenders ranked by loan count
HECMs in Montana were sponsored by 16 lenders. Mutual of Omaha Mortgage, Longbridge Financial and Finance of America Reverse, the top three, accounted for 79 of the 149 loans (53%). Compare with the national ranking.
| Rank | Lender | HECMs | Share |
|---|---|---|---|
| 1 |  | 33 | 22.1% |
| 2 | Longbridge Financial | 24 | 16.1% |
| 3 | Finance of America Reverse | 22 | 14.8% |
| 4 |  | 16 | 10.7% |
| 5 | PHH Mortgage | 9 | 6% |
| 6 | Guild Mortgage | 8 | 5.4% |
| 7 | Traditional Mortgage Acceptance Corporation | 8 | 5.4% |
| 8 |  | 6 | 4% |
| 9 | South River Mortgage | 5 | 3.4% |
| 10 |  | 4 | 2.7% |
Montana HECMs originated by local lenders and brokers
29 companies received Montana HECM applications. Among the most active companies, excluding national lenders, were Atlantic Avenue Mortgage (10), Loandepot.com (5), Guardian Mortgage (5), Mountain Lake Mortgage (4), Edge Home Finance (3), Nexa Mortgage (2), Xpert Home Lending (1) and Premier Mortgage Resources (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.
Montana HECMs by location
With 22 of the 149 loans, Yellowstone County ranked first, followed by Flathead with 21. Billings (21), Kalispell (13), Great Falls (10), Bozeman (9) and Livingston (9) had the most. 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 |
|---|---|---|
| Yellowstone | 22 | 14.8% |
| Flathead | 21 | 14.1% |
| Gallatin | 17 | 11.4% |
| Cascade | 11 | 7.4% |
| Park | 11 | 7.4% |
| Ravalli | 9 | 6% |
HUD-approved counselors for reverse mortgages in Montana
HUD lists 3 counseling agencies for reverse mortgages based in Montana, spread across 2 cities. Their phone numbers appear in HUD's counselor search.
| City | Agency | How they counsel | Languages |
|---|---|---|---|
| Butte, MT | Headwaters Rcandd Area | phone, in person, video, online, group | English |
| Great Falls, MT | Neighborworks Great Falls | phone, in person, video, online, group | English |
| Great Falls, MT | CCCS of MT | phone, in person, video, online, group | English |
Older Montana homeowners: property tax relief
A refundable tax credit of up to $1,150 may be available to Montana homeowners age 62 and older whose combined household income is less than $45,000. Property Tax Help
Who oversees reverse mortgage lenders in Montana
In Montana, the Division of Banking and Financial Institutions oversees mortgage lenders, including those that offer reverse mortgages. Mortgage Lender License Guide - Banking | Montana Department of Administration.
Source: the HUD HECM portfolio snapshot, covering September 2025 to August 2026. Every state.