Best Reverse Mortgage Companies 2026: Top 5 Ranked for Seniors 62+
We compared the top 5 reverse mortgage companies on rates, fees, loan limits, and customer satisfaction. Whether you need $50K for home repairs or $500K for retirement income, these lenders offer HUD-insured HECM loans and proprietary jumbo programs with zero monthly payments.
Michael Thompson
Reverse Mortgage & Senior Specialist • 20+ Years
Updated August 3, 2026 • 14 min read
62+
Minimum age
All 5 lenders
$1.15M
HECM loan limit
2026 FHA max
$4M
Jumbo max
Longbridge
6.5%
Starting HECM rate
August 2026
⚡ Access Up to $250K+ from Your Home — No Monthly Payments
If you\'re 62+ with home equity, a reverse mortgage lets you access cash without selling your home. Compare quotes from the top 5 companies — free, no obligation.
🏆 Top 5 Reverse Mortgage Companies — August 2026
| Rank | Company | HECM Rate | Max Loan | Origination Fee | Best For |
|---|---|---|---|---|---|
| #1 | Finance of America Reverse (FAR) | 6.50% | $1.15M (HECM) / $4M (Jumbo) | $2,500-$6,000 | Overall best, largest HECM lender |
| #2 | American Advisors Group (AAG) | 6.75% | $1.15M (HECM) / $2.5M (Jumbo) | $2,500-$6,000 | Brand recognition, education |
| #3 | Mutual of Omaha Mortgage | 6.50% | $1.15M (HECM) / $2.5M (Jumbo) | $3,000-$6,000 | Financial strength, trust |
| #4 | Longbridge Financial | 6.75% | $1.15M (HECM) / $4M (Jumbo) | $2,500-$6,000 | Jumbo loans for high-value homes |
| #5 | Fairway Independent Mortgage | 6.75% | $1.15M (HECM) | $3,000-$6,000 | Traditional lender with reverse division |
Rates as of August 3, 2026. HECM = HUD-insured Home Equity Conversion Mortgage. Jumbo = proprietary (non-FHA) for homes above $1.15M.
📋 Detailed Company Reviews
Finance of America Reverse (FAR)
Best overall — largest lender with the most product options and competitive rates.
✅ Pros:
- • Largest HECM lender in the US
- • Wide product range (HECM + jumbo)
- • Competitive rates from 6.50%
- • Home Equity Retirement Specialist program
- • Strong educational resources
⚠️ Cons:
- • Origination fee up to $6,000
- • Not available in all states
American Advisors Group (AAG)
Best for education — if you want a well-known brand with lots of resources.
✅ Pros:
- • Most recognized brand in reverse mortgages
- • Extensive TV and media presence
- • Free educational seminars
- • HECM + proprietary jumbo products
- • Online quote tool
⚠️ Cons:
- • Slightly higher rates (6.75%)
- • Aggressive marketing approach
Mutual of Omaha Mortgage
Best for trust — if you want a financially strong, well-established company.
✅ Pros:
- • Backed by Mutual of Omaha (founded 1909)
- • Strong financial ratings
- • Competitive HECM rates from 6.50%
- • Trusted brand for seniors
- • In-person consultations available
⚠️ Cons:
- • Higher origination fees ($3K-$6K)
- • Fewer proprietary products
Longbridge Financial
Best for jumbo — if your home is worth $1.5M+ and you need more than the HECM limit.
✅ Pros:
- • Jumbo reverse mortgages up to $4M
- • Competitive HECM rates
- • Specializes in high-value homes
- • No MIP on jumbo products
- • Fast approval process
⚠️ Cons:
- • Smaller company than FAR/AAG
- • Limited branch network
Fairway Independent Mortgage
Best for convenience — if you already have a forward mortgage with Fairway.
✅ Pros:
- • Full-service mortgage lender
- • Reverse + forward mortgages under one roof
- • Licensed in all 50 states
- • Strong customer service ratings
- • Online + in-person options
⚠️ Cons:
- • Reverse mortgage is smaller division
- • No jumbo proprietary product
💰 YOUR HOME EQUITY = RETIREMENT INCOME
See How Much Tax-Free Cash You Can Access
If you\'re 62+ with home equity, you could access $50K-$500K+ with no monthly payments. Compare quotes from the top 5 reverse mortgage companies — free, no obligation.
📊 HECM vs Jumbo Reverse Mortgage: Which Is Right for You?
| Feature | HECM (FHA-Insured) | Jumbo (Proprietary) |
|---|---|---|
| Loan limit | $1,149,825 (2026) | Up to $4,000,000 |
| Insurance | FHA-insured (2% upfront + 0.5% annual) | No FHA insurance (no MIP) |
| Counseling | Required (HUD-approved) | Not required (but recommended) |
| Min age | 62 | 62 (some lenders 55+) |
| Property types | Single-family, 2-4 unit, FHA-approved condo | Single-family, some condos |
| Best for | Most seniors (homes under $1.15M) | High-value homes ($1.5M+) |
| Lenders | All 5 top companies | Longbridge, FAR |
💵 How Much Can You Get from a Reverse Mortgage?
| Age | $300K Home | $500K Home | $750K Home | $1M Home |
|---|---|---|---|---|
| 62 | $102K | $170K | $255K | $340K |
| 67 | $123K | $205K | $307K | $410K |
| 70 | $150K | $250K | $375K | $500K |
| 75 | $171K | $285K | $427K | $570K |
| 80 | $195K | $325K | $487K | $650K |
Estimates based on HECM rates at 6.5%, no existing mortgage. Actual amounts vary by lender, rate, and fees.
❓ Reverse Mortgage Companies FAQ
What are the best reverse mortgage companies in 2026?
Top 5: FAR (largest HECM lender), AAG (most recognized), Mutual of Omaha (financial strength), Longbridge (jumbo to $4M), Fairway (full-service lender). All offer HUD-insured HECM loans.
→ Compare reverse mortgage quotes — freeHow much does a reverse mortgage cost?
Origination $2,500-$6,000, FHA MIP 2% upfront + 0.5% annual, appraisal $500-$800, closing costs $2,000-$4,000. Total: $7,000-$15,000 (rolled into loan).
→ Compare reverse mortgage quotes — freeHow much can I borrow?
40-75% of home value based on age. 70-year-old with $500K home = ~$250K-$375K. Jumbo loans for homes above $1.15M go up to $4M.
→ Compare reverse mortgage quotes — freeHECM vs jumbo: which is better?
HECM (FHA-insured, $1.15M limit) for most seniors. Jumbo (proprietary, up to $4M, no MIP) for high-value homes $1.5M+.
→ Compare reverse mortgage quotes — freeCan I lose my home?
Only if you fail to pay taxes, insurance, or maintain the property, or move out for 12+ months. As long as you live in the home and meet obligations, you cannot be foreclosed on.
→ Compare reverse mortgage quotes — free📚 Related Articles
Access Your Home Equity — No Monthly Payments
If you\'re 62+ with home equity, compare quotes from the top 5 reverse mortgage companies. See how much tax-free cash you can access. Free, no obligation, no credit impact.
Updated August 3, 2026. Reverse mortgages are loans and must be repaid. Borrowers must continue to pay property taxes, insurance, and maintain the home. HUD counseling required for HECM loans.