Criteria for Top Picks

• Customer Ratings:
• Only companies with a minimum 4-star average rating in the past three years were considered.
• Availability:
• Lenders with broad availability across the U.S. were prioritized.
• Most top lenders are unavailable in only 1-2 states.
• Customer Service:
• Companies with at least 300 positive reviews for service were preferred.
• Emphasis on knowledgeable and helpful representatives.

Sources of Information

The guide uses reputable sources, including:
- Consumer Financial Protection Bureau:
- Details on reverse mortgage qualifications, types, and costs. - Federal Trade Commission:
- General guidance on reverse mortgages. - U.S. Department of Housing and Urban Development (HUD):
- Information on mortgage limits and FHA requirements.

Highlighted Lenders

• Longbridge Financial:
• Specializes in jumbo reverse mortgages up to $4M.

• Low origination fees and guarantees loan closure within 45 days.

• All Reverse Mortgage Company:

• Offers HECMs, jumbo reverse mortgages, and proprietary options.

• Operates in all 50 states with local agents in major cities.

• Fairway Reverse:

• Focuses on personalized customer education and documentation support.
• Connects seniors with the most suitable reverse mortgage lenders.

Notable Mentions

• Companies like Finance of America Reverse and Liberty Reverse Mortgage consistently receive high marks for their customer-focused approach and transparent loan processes.
• Out-of-business entities like Quontic Bank and One Reverse Mortgage are flagged for awareness.

This guide ensures homeowners can make informed choices when exploring reverse mortgage options.

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