Reverse mortgage in Tennessee
In Tennessee, HUD's loan records identify the lenders, the locations of the loans and the counselors.
- During a year, 736 HECMs closed in Tennessee
- Median home value HUD counted: $342,000
- Longbridge Financial led Tennessee with the most HECMs (235)
In Tennessee, HUD's HECM records show 736 reverse mortgages closed from September 2025 through August 2026, 3% of the 24,529 recorded nationwide. Tennessee has the eighth most of the 50 states and DC.
Among those loans, 39 bought a home using a HECM for Purchase, 112 of the loans refinanced an older HECM and 18 hit the $1,249,125 limit on value.
National figures compared with Tennessee HECMs
This calculator supplies those final two rows.
| Tennessee | Against all HECMs | |
|---|---|---|
| HECMs closed | 736 | 3% of all 24,529 |
| Median home value counted | $342,000 | $98,000 less |
| Median principal limit | $151,848 | $42,324 less |
| Principal limit as a share of value | 43.2% | 0.2 points lower |
| Median expected rate | 5.75% | 0.125 points lower |
| HECM for Purchase | 5.3% | 0.2 points lower |
| Refinanced HECMs | 15.2% | 4.3 points higher |
| Lenders with a loan here | 20 | of 34 nationwide |
| Age 70, median home, no mortgage: amount left after costs | $116,252 | $35,288 less |
| Usable in the first year at age 70 | $63,447 | $20,157 less |
Tennessee HECM lenders ranked by loan count
HECMs in Tennessee were sponsored by 20 lenders. Among them, the three top lenders made 516 of the 736 loans (70%): Longbridge Financial, Mutual of Omaha Mortgage and Finance of America Reverse. Check the national ranking for a comparison.
| Rank | Lender | HECMs | Share |
|---|---|---|---|
| 1 | Longbridge Financial | 235 | 31.9% |
| 2 |  | 144 | 19.6% |
| 3 | Finance of America Reverse | 137 | 18.6% |
| 4 | South River Mortgage | 51 | 6.9% |
| 5 | Traditional Mortgage Acceptance Corporation | 48 | 6.5% |
| 6 | PHH Mortgage | 22 | 3% |
| 7 | CalCon Mutual Mortgage | 17 | 2.3% |
| 8 |  | 13 | 1.8% |
| 9 |  | 12 | 1.6% |
| 10 |  | 12 | 1.6% |
HECMs in Tennessee originated by local lenders and brokers
Tennessee HECM applications were taken by 75 companies. Excluding the national lenders, the firms that originated the most were Mortgage South of Tennesee (76), Atlantic Avenue Mortgage (63), Nexa Mortgage (29), Fountain City Funding (23), Loandepot.com (16), West Capital Lending (14), Movement Mortgage (12) and Mortgage Investors Group (11). 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.
Locations of Tennessee HECMs
Of the 736 loans, 84 were made in Davidson County, which led Knox with 67. Knoxville (63), Nashville (62), Chattanooga (31), Maryville (21) and Crossville (20) posted 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 |
|---|---|---|
| Davidson | 84 | 11.4% |
| Knox | 67 | 9.1% |
| Hamilton | 62 | 8.4% |
| Shelby | 33 | 4.5% |
| Blount | 31 | 4.2% |
| Sumner | 27 | 3.7% |
HUD-approved counselors for reverse mortgages in Tennessee
Based in Tennessee and found in 2 cities, 2 agencies on the HUD list provide reverse mortgage counseling. Their phone numbers are in HUD's search for counselors.
| City | Agency | How they counsel | Languages |
|---|---|---|---|
| Chattanooga, TN | CCCS of Rochester-Chattanooga | phone, in person, video, group | English, Spanish |
| Nashville, TN | Tennessee Housing Development Agency - Direct Counseling | phone, in person, group | English |
Older homeowners in Tennessee may receive property tax relief.
As an older homeowner with a low income in Tennessee, you may have part or all of your property taxes reimbursed by the state. Property Tax Relief.
Who oversees reverse mortgage lenders in Tennessee
A mortgage loan originator, as defined in Tennessee Code Annotated § 45-13-105(16)(A), is someone who takes an application for a residential mortgage loan, or offers or negotiates the terms of it. Mortgage Loan Originator.
The source is the HUD HECM portfolio snapshot, which covers September 2025 to August 2026. Every state.