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You can start exploring reverse mortgage options in your state using HUD’s FHA lender search tool. The search function allows you to search for HECM lenders by state, county and zip code.
We graded each reverse mortgage lender based on features that have a meaningful impact on the cost of a reverse mortgage and a borrower’s experience, including loan options and...
All Reverse Mortgage, Inc. (aka ARLO) is an FHA (Federal Housing Administration) approved mortgage lender specializing in reverse mortgages. The company was assigned an A+ rating by the Better Business Bureau with a close-to-perfect average customer review score of 4.98 out of 5 stars and also has strong ratings on ConsumersAdvocate.org ...
A reverse mortgage allows you to access the equity in your home. Understand the pros an cons to determine whether a reverse mortgage makes sense for you.
To help you choose, we dove into over a dozen lenders to assemble the best reverse mortgage companies for you based on their costs, ease of qualification, nationwide coverage, speed and...
The only reverse mortgage insured by the U.S. Federal Government is called a Home Equity Conversion Mortgage (HECM), and is only available through a Federal Housing Administration (FHA)-approved lender.
Reverse mortgage lenders are generally either banks or non-bank lenders. Banks use customer deposits to fund loans and are regulated to offer Federal Deposit Insurance Corporation (FDIC) protection for deposits. Non-bank lenders, funded differently, are regulated but don’t offer FDIC insurance for deposits.
Learn More. We evaluated 20 well-known reverse mortgage lenders, and after careful review, identified the seven best reverse mortgage companies. Community First National Bank Trending. (10 Reviews) Great Rates. A+ BBB Rating. Superior Customer Service.
TrustPilot Rating 4.7 out of 5. Originations 10,841. TrustPilot Reviews 6,012. Our Partner. LEARN MORE. A+ rating with the BBB. Competitive pricing on loans due to low overhead. All products available - HECM adjustable, HECM fixed, & private jumbo. TrustPilot Rating 4.5 out of 5.
Reverse mortgages allow you to borrow against your home's value without the monthly payments that traditional mortgages or home equity loans require. The loan must only be repaid when you...