Best Reverse Mortgage Lenders: Top Companies for Refinancing in 2025

This guide explores top refinance companies, including their pros and cons, eligibility criteria, and application processes. Whether seeking to lower monthly payments, switch from an adjustable-rate to a fixed-rate mortgage, or tap into home equity, this article provides the necessary insights to navigate the refinancing landscape effectively.

Mortgage refinancing involves replacing an existing loan with a new one, often to secure better terms or access cash from home equity. Reverse mortgages, a specialized refinancing option for seniors, allow homeowners aged 62 and older to convert part of their home equity into tax-free funds without monthly mortgage payments. The most common type is the HECM, insured by the Federal Housing Administration (FHA). Leading lenders in this sector provide competitive rates, transparent fees, and personalized service to meet diverse financial needs.

When evaluating reverse mortgage lenders, consider factors such as interest rates, closing costs, loan limits, and customer reviews. Some lenders specialize in HECMs, while others offer proprietary reverse mortgages with unique features. Borrowers should also assess the lender's reputation, responsiveness, and ability to explain complex terms clearly. Below is a detailed analysis of the top reverse mortgage lenders in 2025, followed by a comparison table for easy reference.

Top Reverse Mortgage Lenders in 2025

The following lenders are recognized for their reliability, competitive rates, and customer-centric services in the reverse mortgage market.

1. AAG (American Advisors Group)

AAG is one of the largest reverse mortgage lenders in the U.S., specializing in HECMs. Known for its educational resources and strong customer support, AAG offers fixed-rate and adjustable-rate options. Borrowers appreciate its straightforward application process and transparent fee structure.

• Pros: High customer satisfaction, no origination fees, extensive educational materials.
• Cons: Limited proprietary loan options.

2. Finance of America Reverse (FAR)

FAR provides HECMs and proprietary reverse mortgages, including the HomeSafe product for high-value homes. Its competitive rates and flexible terms make it a top choice for seniors with significant home equity.

• Pros: Offers jumbo reverse mortgages, low interest rates, excellent customer service.
• Cons: Higher closing costs for proprietary loans.

3. Reverse Mortgage Funding (RMF)

RMF is a leading lender with a focus on HECMs and proprietary loans like the Equity Elite. It stands out for its quick approval process and personalized loan counseling.

• Pros: Fast processing, multiple loan options, strong industry reputation.
• Cons: Limited physical branches.

4. Liberty Reverse Mortgage

Liberty offers HECMs and emphasizes a hassle-free experience with no hidden fees. Its online tools and dedicated loan specialists simplify the refinancing process.

• Pros: Transparent pricing, user-friendly online platform, no prepayment penalties.
• Cons: Fewer proprietary loan choices.

5. Longbridge Financial

Longbridge Financial is known for its Platinum reverse mortgage, which provides higher loan amounts and flexible disbursement options. It caters to borrowers seeking tailored solutions.

• Pros: High loan limits, customizable payment plans, strong customer reviews.
• Cons: Limited availability in some states.

Comparison of Top Reverse Mortgage Lenders

Choosing the best reverse mortgage lender depends on individual financial goals, home equity, and preferred loan terms. Borrowers should compare rates, fees, and lender reputations before making a decision. Consulting a financial advisor or HUD-approved counselor can also provide valuable guidance.

For more information, visit the official websites of these lenders: AAG , Finance of America Reverse , Reverse Mortgage Funding , Liberty Reverse Mortgage , and Longbridge Financial.