Investopedia’s choice for the best reverse mortgage company is Finance of America Reverse. It performed well in every area we evaluated, particularly company infrastructure and loan features. Longbridge Financial was another strong performer in our evaluation model, scoring the highest for customer experience. If you’re looking for a lender to help you use a reverse mortgage to purchase a home, consider Fairway Reverse Mortgage. Mutual of Omaha rounds out our recommendations and makes the list due to its low average initial interest rate for loans originated in 2024.
We collected hundreds of data points from eight top reverse mortgage lenders to evaluate the best reverse mortgage companies. We also analyzed loan-level details from tens of thousands of reverse mortgages funded by the top 25 lenders in 2024. We used that data to generate average rates, average loan-to-value (LTV) ratios, average debt-to-income ratios (DTI), and more to gain deeper insight into actual lender practices.