Reverse mortgage in Utah
HUD's own loan records show who lends in Utah, where the loans are and who counsels there.
- In a year, 720 HECMs closed in Utah
- Median home value HUD counted: $534,000
- Most HECMs in Utah came from Longbridge Financial (209)
Utah recorded 720 closed reverse mortgages from September 2025 through August 2026, 2.9% of the national total of 24,529, according to HUD's HECM data. That places Utah ninth among all 50 states and DC.
The loans included 112 home purchases with a HECM for Purchase, 65 refinancings of an older HECM, 1 fixed-rate loan. In addition, 34 hit the $1,249,125 cap on value.
How Utah HECMs compare with the national figures
The final two rows come from the calculator.
| Utah | Against all HECMs | |
|---|---|---|
| HECMs closed | 720 | 2.9% of all 24,529 |
| Median home value counted | $534,000 | $94,000 more |
| Median principal limit | $236,062 | $41,890 more |
| Principal limit as a share of value | 42% | 1.4 points lower |
| Median expected rate | 5.625% | 0.25 points lower |
| HECM for Purchase | 15.6% | 10 points higher |
| Refinanced HECMs | 9% | 1.8 points lower |
| Lenders with a loan here | 23 | of 34 nationwide |
| At age 70, funds left after costs for a median home with no mortgage | $185,944 | $34,404 more |
| Usable in the first year at age 70 | $103,494 | $19,890 more |
Utah HECM lenders ranked by loan count
Utah had 23 lenders sponsoring HECMs. Together the top three lenders, Longbridge Financial, Mutual of Omaha Mortgage and Finance of America Reverse, made 442 out of 720 loans (61%). Make a comparison with the national ranking.
| Rank | Lender | HECMs | Share |
|---|---|---|---|
| 1 | Longbridge Financial | 209 | 29% |
| 2 |  | 120 | 16.7% |
| 3 | Finance of America Reverse | 113 | 15.7% |
| 4 | Guild Mortgage | 78 | 10.8% |
| 5 | Traditional Mortgage Acceptance Corporation | 45 | 6.2% |
| 6 | PHH Mortgage | 30 | 4.2% |
| 7 | Plaza Home Mortgage | 24 | 3.3% |
| 8 | High Tech Lending | 16 | 2.2% |
| 9 |  | 15 | 2.1% |
| 10 |  | 14 | 1.9% |
Local lenders and brokers who originated HECMs in Utah
Utah HECM applications were taken by 119 companies. Outside the national names above, the companies that originated the most were Reverse Freedom (80), Atlantic Avenue Mortgage (29), Heritage Home Loans (27), Intercap Lending (24), Bank of Utah (22), America First Federal Credit Union (22), Mountain America Credit Union (21) and C & E Financial Group (10). 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 originated in Utah
Salt Lake County had the most, at 278 of the 720 loans, while Washington counted 118. Cities with the highest counts: Salt Lake City (60), Saint George (38), South Jordan (35), Ogden (28) and Sandy (27). 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 |
|---|---|---|
| Salt Lake | 278 | 38.6% |
| Washington | 118 | 16.4% |
| Utah | 79 | 11% |
| Weber | 56 | 7.8% |
| Davis | 48 | 6.7% |
| Iron | 21 | 2.9% |
Utah HUD-approved reverse mortgage counselors
Based in Utah, 3 reverse mortgage counseling agencies appear on HUD's list, in 3 cities. Their phone numbers are in HUD's counselor search.
| City | Agency | How they counsel | Languages |
|---|---|---|---|
| Logan, UT | Utah State University - Family Life Center - Hfc | phone, in person, video, online, group | English |
| Orem, UT | Neighborworks Mountain Country Home Solutions | phone, in person, video, online, group | English |
| Saint George, UT | Sun Country Home Solutions Branch | phone, in person, online, group | English |
Property tax relief for Utah's older homeowners
Utah residents who are at least 67 may qualify for the Low-income Abatement when their 2025 income is below $44,221. The amount taken off your property tax is 50 percent or $1,412, whichever is smaller. Pub 36 | Utah State Tax Commission.
Who oversees reverse mortgage lenders in Utah
Certain residential mortgage lending activities fall under Title 70D, and in Utah, the Department of Financial Institutions regulates them. Mortgage Lending | Utah Department of Financial Institutions.
The source is the HUD HECM portfolio snapshot, covering September 2025 through August 2026. Every state.