Top Reverse Mortgage Companies: A Comprehensive Guide for 2025
Reverse mortgages represent a significant financial decision for seniors, requiring careful consideration of the available options. The market features several reputable companies offering Home Equity Conversion Mortgages (HECMs), which are insured by the Federal Housing Administration, as well as proprietary reverse mortgage products. Understanding the differences between these offerings and the companies that provide them is essential for making the right choice.
When evaluating reverse mortgage companies, several factors come into play.

Key Factors to Consider When Choosing a Reverse Mortgage Company
Before examining specific companies, it’s important to understand the criteria that distinguish excellent reverse mortgage providers from mediocre ones. These factors should guide your decision-making process:
- Company reputation and years in business
- Interest rates and fee structures
- Range of payment options available
- Customer service ratings and complaint history
- Financial strength and stability
- Educational resources provided to borrowers
- Speed and efficiency of the loan process
Top Reverse Mortgage Companies of 2025
The reverse mortgage industry features several established players along with some newer entrants offering competitive products. Below is an overview of the leading companies in this space.
1. American Advisors Group (AAG)
As one of the largest reverse mortgage lenders in the US, AAG has built a strong reputation for customer service and product variety. The company offers HECM loans as well as proprietary jumbo reverse mortgages for high-value homes.
2. Finance of America Reverse (FAR)
FAR stands out for its innovative product offerings, including the HomeSafe reverse mortgage for higher-value properties. The company provides multiple payment options and has received positive marks for its customer education programs.
3. Reverse Mortgage Funding (RMF)
RMF specializes in reverse mortgages and offers competitive rates. The company is known for its straightforward application process and strong customer support throughout the loan term.
4. Liberty Reverse Mortgage
A division of Mutual of Omaha Bank, Liberty combines the stability of a large financial institution with personalized service. They offer both HECM and proprietary reverse mortgage products.
5. Longbridge Financial
Longbridge has gained recognition for its Platinum reverse mortgage product and commitment to transparent lending practices. The company emphasizes education and borrower protection.
Comparison of Top Reverse Mortgage Companies
Company | Loan Types Offered | Minimum Age | Property Value Limits | Notable Features |
---|---|---|---|---|
American Advisors Group | HECM, Proprietary | 62 | Up to $4 million | Extensive educational resources |
Finance of America Reverse | HECM, HomeSafe | 62 | Up to $4 million | Multiple payment options |
Reverse Mortgage Funding | HECM | 62 | Standard FHA limits | Streamlined application |
Liberty Reverse Mortgage | HECM, Proprietary | 62 | Up to $6 million | Backed by Mutual of Omaha |
Longbridge Financial | HECM, Platinum | 62 | Up to $4 million | Focus on transparency |
Understanding Reverse Mortgage Costs
While reverse mortgages can provide financial flexibility, they come with various costs that borrowers should understand:
- Origination fees (typically 2% of first $200,000, 1% of remainder)
- Mortgage insurance premiums (2% upfront plus annual premium)
- Third-party closing costs (appraisal, title search, etc.)
- Servicing fees (monthly charges by lender)
- Interest charges (accrued over life of loan)
References
American Advisors Group
Finance of America Reverse
Reverse Mortgage Funding
Liberty Reverse Mortgage
Longbridge Financial