Best Reverse Mortgage Lenders in Nevada 2026: Top 6 Ranked
Linda Martinez
Nevada Reverse Mortgage Specialist | 19+ Years Experience
January 22, 2026
Looking for the best reverse mortgage lenders in Nevada? Nevada seniors (62+) can access $150K-$300K+ in home equity with no monthly payments. These 6 lenders offer the best rates and terms.
6.50%
Avg HECM Rate
$250K
Avg Cash Access
62+
Min Age
$0
Monthly Payment
🏆 Top 6 Reverse Mortgage Lenders Nevada 2026
AAG (American Advisors Group) - Best Reverse Mortgage Nevada
1,800+ NV reverse mortgages
Why #1:
- 💰 Competitive rates: 6.40%-6.60% APR
- 🏆 #1 reverse mortgage lender in America
- ⚡ Fast approval (15-20 days)
- 📍 Strong in Las Vegas + Reno
- 🎯 Free counseling + education
Best For:
Nevada seniors 62+ wanting maximum cash access + expert guidance
📊 Nevada Reverse Mortgage Cash Access 2026
| Age | Home Value | Cash Available |
|---|---|---|
| 62 | $400,000 | $180,000 (45%) |
| 70 | $400,000 | $220,000 (55%) |
| 75 | $400,000 | $240,000 (60%) |
| 80 | $400,000 | $260,000 (65%) |
✅ Nevada Reverse Mortgage Requirements 2026
Borrower Requirements
Age:
62+ years old (all borrowers)
Occupancy:
Primary residence (live in home)
Equity:
50%+ equity recommended
Credit:
No minimum score (financial assessment)
Property Requirements
Property Type:
Single-family, 2-4 unit, condo, townhome
Condition:
Must meet FHA standards
Max Loan:
$766,550 (2026 limit)
Obligations:
Pay property taxes + insurance + HOA
❓ FAQ: Nevada Reverse Mortgage 2026
How much can I get with a reverse mortgage in Nevada?
Nevada Reverse Mortgage Cash Access (2026):
Factors that determine amount:
- Age: Older = more cash (62: 45% | 80: 65%)
- Home value: Higher value = more cash
- Interest rates: Lower rates = more cash
- Existing mortgage: Must pay off first
Example: $400K Las Vegas home, age 70
- Cash available: $220,000 (55%)
- Minus existing mortgage: $150,000
- Net cash to you: $70,000
Do I have to make monthly payments?
NO - reverse mortgages have NO required monthly payments.
What you MUST pay:
- Property taxes
- Homeowners insurance
- HOA fees (if applicable)
- Home maintenance
Loan becomes due when:
- You move out permanently
- You sell the home
- Last borrower passes away
Can I lose my home with a reverse mortgage?
You CANNOT lose your home IF you:
- Live in home as primary residence
- Pay property taxes on time
- Maintain homeowners insurance
- Keep home in good condition
You CAN lose your home IF you:
- Stop paying property taxes
- Let insurance lapse
- Abandon the property
- Let home fall into disrepair
Protection: You can never owe more than home value (non-recourse loan)