Choosing the right reverse mortgage lender can feel overwhelming. Between TV ads, big-name brands, and smaller boutique lenders, families often struggle to figure out which company actually delivers on service, costs, and reliability. To simplify the decision, we’ve reviewed the top reverse mortgage providers and narrowed the list to the four best lenders in 2025.
Each company has been evaluated on customer experience, fees, product options, and the speed of the process, with user feedback and industry context taken into account.
Best Reverse Mortgages Summary
| Lender | Recommended For | Key Strength | Editor's Rating | Next Steps |
|---|---|---|---|---|
| Longbridge Financial | Best for Customer Support | Patient, detailed guidance with no monthly servicing fees | 4.2 | Explore Loan Options |
| All Reverse Mortgage (ARLO) | Best for Transparency | Online calculator and consistently strong customer reviews | 4.4 | Explore Loan Options |
| Mutual of Omaha | Best for Trust Factor | Backed by a century-old brand trusted by millions of households | 4.0 | Explore Loan Options |
| Guild Mortgage | Best for Community Lending | Long history and local branch presence for in-person service | 3.9 | Explore Loan Options |
| Finance of America Reverse | Best for Product Options | Wide range of loans, including jumbo/proprietary reverse mortgages | 4.3 | Explore Loan Options |
Best Reverse Mortgage Companies of 2025
Longbridge Reverse Mortgages
- Free quote and easy application process
- All HECM programs available
- A+ rating with the BBB and HUD approved direct lender and servicer
- 4.9 out of 5 Trustpilot rating
- Longbridge Reverse Mortgage Review
Longbridge has built a reputation for patience and clarity, helping seniors feel comfortable throughout the reverse mortgage process. Borrowers appreciate the step-by-step explanations and the absence of monthly servicing fees, which can result in significant savings over time.
- Pros: Clear communication, no monthly servicing fees, strong BBB and Trustpilot ratings
- Cons: Slightly slower closings, all-digital model may not suit everyone
Finance of America Reverse Mortgages
- One of the Largest Reverse Mortgage Lenders in the Nation
- 94% Customer Satisfaction Rating and A+ BBB Rating
- Support From Reverse Mortgage Professionals
- 4.7 out of 5 Trustpilot rating
- Finance of America Reverse Mortgage Review
Finance of America stands out for offering both standard HECMs and proprietary jumbo loans, making it a strong option for families with higher-value homes. Despite its parent company’s bankruptcy, it continues to operate and is federally insured for HECM loans.
- Pros: Wide product range, innovative jumbo options, strong industry reputation
- Cons: Jumbo loans can carry higher fees, and there are some concerns about corporate stability
All Reverse Loan Optimizer (ARLO)
- America’s leading HUD-approved reverse mortgage lender
- Two decades of specialized mortgage service
- Get an instant quote online
- A+ Exemplary rating from the Better Business Bureau (BBB)
- ARLO Reverse Mortgage Review
All Reverse Mortgage has become a customer favorite thanks to its ARLO calculator, which lets borrowers see loan estimates upfront. Families consistently praise the company’s transparency and low-pressure approach.
- Pros: Transparent online tools, lower-than-average fees, highly rated customer service
- Cons: No physical branches, smaller scale than national brands
Mutual of Omaha Reverse Mortgages
- Turn retirement dreams into reality
- Receive your funds as a lump sum
- Supplement your income with monthly payments
- Create a line of credit for unplanned expenses
- Mutual of Omaha Reverse Mortgage Review
Mutual of Omaha brings the reassurance of a nationally recognized brand with over a century of history. Its reverse mortgage division isn’t the largest, but families often feel more comfortable working with a household name.
- Pros: Trusted brand, professional loan officers, steady communication
- Cons: Fees are average, less specialized than reverse-only lenders
Guild Reverse Mortgages
- Tap into your home’s equity with flexible reverse mortgage options designed to fit your retirement goals.
- Benefit from Guild’s reputation for personal service and guidance throughout the process.
- Choose from multiple reverse mortgage products, including federally insured options, to suit your needs.
- Enjoy peace of mind with a lender focused on long-term financial stability and customer care.
- Guild Reverse Mortgage Review
Guild Mortgage isn’t as widely recognized in the reverse mortgage world as Finance of America or Longbridge, but it brings decades of experience as a community-focused lender. With local branches across the country, Guild offers families the opportunity for in-person guidance. something that can be reassuring for seniors who prefer face-to-face conversations over digital-only processes.
- Pros: Face-to-face communications, community-focused
- Cons: Fees are average, reverse mortgages are not the primary focus
Who Might Consider a Reverse Mortgage
A reverse mortgage isn’t for every family, but for some, it can be a lifeline. At its core, a reverse mortgage allows homeowners who are 62 and older to borrow against their home’s equity without having to make monthly payments. The loan gets repaid when the homeowner moves out, sells the house, or passes away.
Here’s who might benefit:
- Seniors who don’t have a lot of cash on hand, but are “house-rich”, especially those with limited retirement income.
- Families are trying to fund long-term care services like in-home help, assisted living, or home modifications.
- Adult children are looking for ways to reduce the financial burden of caregiving without draining their savings.
- Homeowners who plan to age in place and want to turn home equity into income while still living there.
To qualify for a reverse mortgage, your parent must:
- Be at least 62 years old.
- Live in the home as their primary residence.
- Own the home outright or have a low remaining mortgage balance.
- Stay up-to-date with property taxes, insurance, and home maintenance.
- Participate in a government-mandated counseling session.
Home Equity Conversion Mortgage (HECM) are the most common reverse mortgages, and they are insured by the FHA and offer more protections for borrowers and heirs than other types of reverse mortgages.
How to Choose the Right Reverse Mortgage Lender
The “best” lender depends on what matters most for your family:
- Customer Support: Longbridge excels if seniors need extra hand-holding.
- Recognition & Scale: AAG is the household name many parents know.
- Product Range: FAR is ideal for higher-value homes or non-standard cases.
- Transparency: All Reverse Mortgage excels in clarity and offers upfront calculators.
- Trust Factor: Mutual of Omaha provides comfort through its established reputation.
Frequently Asked Questions
We answer the questions that matter most about reverse mortgages.
A reverse mortgage lets homeowners aged 62 or older convert part of their home’s equity into cash without selling or making monthly mortgage payments. The most common type, the Home Equity Conversion Mortgage (HECM), is backed by the FHA. The loan is repaid when the homeowner sells the home, moves out permanently, or passes away.
Yes, they retain full ownership. However, they must continue to live in the home, maintain it, and stay current on property taxes and homeowners’ insurance. If they fail to meet these obligations, the loan could go into default.
When your parents pass away or permanently leave the home, the loan becomes due. Heirs can choose to repay the loan and keep the house, or sell the property and use the proceeds to repay the lender. Any remaining equity goes to the heirs. If the loan balance exceeds the home’s value, FHA insurance covers the difference—heirs aren’t personally responsible for the shortfall.
Yes. Reverse mortgages come with fees, interest that accrues over time, and potential impacts on inheritance. If your parents fall behind on taxes or insurance, they could risk foreclosure. It also reduces the equity available to heirs. That’s why counseling is required before signing. A HUD-approved counselor will help ensure the family understands the whole picture.
