Reverse mortgage in Virginia
For Virginia, HUD's own loan records identify the lenders, show where the loans are and list the counselors.
- In one year, 648 HECMs closed in Virginia
- HUD counted a Median home value of $369,750
- Finance of America Reverse made the Most HECMs in Virginia (173)
HUD's HECM records show 648 reverse mortgages closed in Virginia between September 2025 and August 2026, 2.6% of the 24,529 loans nationwide, ranking 14th among the 50 states and DC.
The group includes 25 home purchases with HECM for Purchase, 76 refinancings of an older HECM and 16 loans at the $1,249,125 value cap.
Virginia HECMs compared with the national numbers
The final two rows come from this calculator.
| Virginia | Against all HECMs | |
|---|---|---|
| HECMs closed | 648 | 2.6% of all 24,529 |
| Median home value counted | $369,750 | $70,250 less |
| Median principal limit | $163,650 | $30,522 less |
| Principal limit as a share of value | 43.4% | the same |
| Median expected rate | 5.875% | the same |
| HECM for Purchase | 3.9% | 1.7 points lower |
| Refinanced HECMs | 11.7% | 0.9 points higher |
| Lenders with a loan here | 19 | of 34 nationwide |
| Remaining at age 70 after costs: median home, no mortgage | $126,131 | $25,409 less |
| Usable in the first year at age 70 | $69,041 | $14,563 less |
Virginia HECM lenders ranked by loans
In Virginia, 19 lenders sponsored HECMs. Finance of America Reverse, Mutual of Omaha Mortgage and Longbridge Financial led the list. Together, they were behind 502 of the 648 loans (77%). Check the national ranking for a comparison.
| Rank | Lender | HECMs | Share |
|---|---|---|---|
| 1 | Finance of America Reverse | 173 | 26.7% |
| 2 |  | 173 | 26.7% |
| 3 | Longbridge Financial | 156 | 24.1% |
| 4 | Traditional Mortgage Acceptance Corporation | 49 | 7.6% |
| 5 | High Tech Lending | 12 | 1.9% |
| 6 |  | 12 | 1.9% |
| 7 | PHH Mortgage | 11 | 1.7% |
| 8 |  | 11 | 1.7% |
| 9 |  | 9 | 1.4% |
| 10 |  | 7 | 1.1% |
Virginia HECMs originated by local lenders and brokers
A total of 72 companies received Virginia HECM applications. Excluding the national lenders, the top originators were Atlantic Avenue Mortgage (60), Mortgage.shop (48), Atlantic Coast Mortgage (29), Movement Mortgage (22) and Caliver Beach Mortgage (17). They were followed by Loandepot.com (13), West Capital Lending (11) and Bank of the James (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.
Places in Virginia where HECMs were made
51 of the 648 loans came from Chesterfield County, which led the state, ahead of Henrico with 42. The cities that led the count were Virginia Beach (40), Richmond (36), Chesapeake (22), Henrico (19) and N Chesterfield (18). 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 |
|---|---|---|
| Chesterfield | 51 | 7.9% |
| Henrico | 42 | 6.5% |
| Virginia Beach | 40 | 6.2% |
| Fairfax County | 39 | 6% |
| Chesapeake | 22 | 3.4% |
| Richmond City | 22 | 3.4% |
Virginia's HUD-approved reverse mortgage counselors
HUD lists 6 agencies in Virginia that provide reverse mortgage counseling, located in 3 cities. You can find their phone numbers in HUD's counselor search.
| City | Agency | How they counsel | Languages |
|---|---|---|---|
| Norfolk, VA | The Up Center | phone, in person, online | English |
| Norfolk, VA | Credit.org - Virginia Branch | phone, video | English, Spanish |
| Norfolk, VA | Homenet (norfolk Rha) | phone, in person, video, online, group | English |
| Richmond, VA | Commonwealth Catholic Charities, Richmond,va | phone | English |
| Richmond, VA | Housing Opportunities Made Equal of Virginia, Incorporated | phone, in person | English |
| Woodbridge, VA | First Home Alliance | phone | English |
Property tax relief available to older homeowners in Virginia
Some older homeowners in Loudoun County may qualify for exemption from real property tax. No age or income limit appears on the cited page. Real Estate Tax Relief for Older Adults & Residents with Disabilities | Loudoun County, VA - Official Website
Who oversees reverse mortgage lenders in Virginia
Mortgage lenders and brokers in Virginia are regulated by the Bureau of Financial Institutions. Virginia SCC - Regulated Financial Institutions-Verify a License.
Source: portfolio snapshot from HUD HECM, covering September 2025 to August 2026 for every state. All state figures.