1
FO
Finance of America
Reverse mortgages available nationwide
- HECM and proprietary (jumbo) reverse mortgages
- Proprietary loans up to $4 million
- Available in all 50 states and D.C.
Updated October 2026 · lender fees · payout option · counseling
Compare the Best Reverse Mortgage (2026)
Homeowners 62 and older can turn part of their home equity into cash without a monthly mortgage payment. Learn the options and talk with licensed lenders.
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Reverse mortgages are loans that must be repaid. The Top 10 Experts is not a lender and does not make credit decisions.
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Providers
Featured reverse mortgage providers
2
LF
Longbridge Financial
Reverse mortgage specialist
- HECM, HECM for purchase and proprietary loans
- Also offers a home equity line of credit
- Available in all 50 states and D.C.
3
FI
Fairway Independent Mortgage
Large lender offering HECM for purchase
- HECM and HECM for purchase
- Proprietary jumbo loans
- Available in all 50 states
Our top picks, explained
Best overall
FO
Finance of America
A wide product lineup, including options for higher-value homes.
Pros and cons
- Broad product lineup
- Nationwide
- Fees vary by product
Best for product choice
LF
Longbridge Financial
Offers several ways to use home equity, including buying a new home.
Pros and cons
- Many program options
- Nationwide
- Rates require a quote
Best for homebuyers
FI
Fairway Independent Mortgage
A good fit for older buyers using a reverse mortgage to purchase a home.
Pros and cons
- Strong for home purchases
- Nationwide
- Proprietary options start at 62
Side-by-side comparison
FO | LF | FI | |
|---|---|---|---|
| Trustpilot rating | – | ||
| Programs | HECM, proprietary, second lien | HECM, HECM for purchase, proprietary | HECM, HECM for purchase, proprietary |
| Max loan | $4 million | $4 million | $4 million |
| Minimum age | 62 (55 proprietary) | 62 (55 proprietary) | 62 |
| States | 50 + D.C. | 50 + D.C. | 50 |
| Visit site | Visit site | Visit site |
Head to headFinance of America vs Longbridge FinancialFinance of America vs Fairway Independent MortgageLongbridge Financial vs Fairway Independent Mortgage
Provider details were checked against public sources in October 2026; confirm current rates and terms with the provider. Listings may include providers that compensate The Top 10 Experts. Order and placement may be influenced by compensation. Advertiser disclosure.
Before you choose
What to compare
Use these points to compare any reverse mortgage provider, whether or not it appears on The Top 10 Experts.
HECM
Program type
Most reverse mortgages are federally insured HECMs. Proprietary loans exist for higher-value homes.
Payout
How you receive money
Choose a lump sum, monthly payments, a line of credit or a mix. A line of credit's unused portion can grow over time.
Costs
Upfront and ongoing fees
Expect origination fees, mortgage insurance premiums and closing costs. Compare lender quotes line by line.
Obligations
What you must keep paying
You must live in the home and keep up property taxes, insurance and maintenance, or the loan can come due.
Common questions
Do I give up ownership of my home?
No. You keep the title. The loan is repaid when you sell, move out permanently or pass away.
Is counseling required?
For a HECM, yes. You must complete a session with a HUD-approved counselor before applying.
What happens to my heirs?
Heirs can repay the loan and keep the home, or sell it. They never owe more than the home is worth on a HECM.
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