Reverse mortgage in Oklahoma
HUD's own loan records show which lenders make loans, where those loans are made and who counsels in Oklahoma.
- Over one year, 163 HECMs closed in Oklahoma
- Median home value HUD counted: $259,000
- Mutual of Omaha Mortgage Most HECMs in Oklahoma (40), the highest count in the state
In Oklahoma, 163 reverse mortgages closed between September 2025 and August 2026, 0.7% of the 24,529 recorded nationwide, according to HUD's HECM data. That puts the state in the 32nd spot of the 50 states and DC.
Refinancing an older HECM covered 15 of them, and 8 used a HECM for Purchase to buy a home.
Oklahoma HECMs compared with national figures
The bottom two rows come from the calculator.
| Oklahoma | Against all HECMs | |
|---|---|---|
| HECMs closed | 163 | 0.7% of all 24,529 |
| Median home value counted | $259,000 | $181,000 less |
| Median principal limit | $115,712 | $78,460 less |
| Principal limit as a share of value | 42.2% | 1.2 points lower |
| Median expected rate | 5.875% | the same |
| HECM for Purchase | 4.9% | 0.6 points lower |
| Refinanced HECMs | 9.2% | 1.7 points lower |
| Lenders with a loan here | 12 | of 34 nationwide |
| Median home, no mortgage: what remains after paying costs at age 70 | $86,704 | $64,836 less |
| Usable in the first year at age 70 | $46,714 | $36,890 less |
Oklahoma HECM lenders ranked by number of loans
In Oklahoma, 12 lenders sponsored HECMs. Mutual of Omaha Mortgage, followed by Finance of America Reverse and Longbridge Financial lead the list, and together they made 107 of the 163 loans (66%). See the national ranking for a comparison.
| Rank | Lender | HECMs | Share |
|---|---|---|---|
| 1 |  | 40 | 24.5% |
| 2 | Finance of America Reverse | 37 | 22.7% |
| 3 | Longbridge Financial | 30 | 18.4% |
| 4 | Traditional Mortgage Acceptance Corporation | 16 | 9.8% |
| 5 |  | 8 | 4.9% |
| 6 | Guild Mortgage | 7 | 4.3% |
| 7 | South River Mortgage | 7 | 4.3% |
| 8 | PHH Mortgage | 5 | 3.1% |
| 9 | Plaza Home Mortgage | 5 | 3.1% |
| 10 |  | 5 | 3.1% |
Who originated HECMs in Oklahoma: local lenders and brokers
Oklahoma HECM applications were taken by 31 companies. Setting the national lenders aside, the companies that originated the most loans were Atlantic Avenue Mortgage with 16, Loandepot.com with 3, Associated Mortgage with 3 and American Heritage Bank with 3. Also in that leading group were West Capital Lending with 2, Movement Mortgage with 2, Centennial Home Mortgage with 2 plus Zfg Mortgage with 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.
Where HECMs were made in Oklahoma
Tulsa County came first with 34 of the 163 loans, just ahead of Oklahoma with 33. Cities with the highest counts: Oklahoma City (26), Tulsa (23), Broken Arrow (9), Edmond (6) and Sapulpa (5). 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 |
|---|---|---|
| Tulsa | 34 | 20.9% |
| Oklahoma | 33 | 20.2% |
| Cleveland | 9 | 5.5% |
| Wagoner | 7 | 4.3% |
| Creek | 7 | 4.3% |
| Rogers | 6 | 3.7% |
HUD-approved counselors for reverse mortgages in Oklahoma
HUD lists 1 agency that provides reverse mortgage counseling and is based in Oklahoma. Their phone numbers are available through HUD's counselor search.
| City | Agency | How they counsel | Languages |
|---|---|---|---|
| Tulsa, OK | Quickcert | phone, in person | English, Spanish |
Property tax relief for older Oklahoma homeowners
Homeowners in Oklahoma who are 65 or older as of January 1 can qualify for the homestead property valuation limit when their gross household income does not go above the H.U.D. qualifying income for the county where they live. 2026 Form 994 Application for Property Valuation Limitation and Additional Homestead Exemption.
Who oversees reverse mortgage lenders in Oklahoma
In Oklahoma, the Oklahoma Department of Consumer Credit handles licensing and oversight of mortgage brokers and mortgage lenders. See the Oklahoma Department of Consumer Credit.
These figures come from the HUD HECM portfolio snapshot covering September 2025 to August 2026. See Every state.