The Top 10 List
Brought to you by the Editorial Board of Best US Reverse Mortgage Companies
Accredited
#1
USA Mortgage
Employee-owned business model fosters a strong commitment to customer satisfaction and service improvement.
Offers a wide range of loan options including Conventional Loans, FHA Loans, and Reverse Mortgage Jumbo Loans, providing flexibility for diverse customer needs.
User-friendly application platform simplifies the mortgage process, making it easier for customers to apply and refinance.
Editor's Summary
What people are saying: #Trusted #Efficient #Innovative
The Analysis
Pros
- Employee-owned business model fosters a strong commitment to customer satisfaction and service improvement.
- Offers a wide range of loan options including Conventional Loans, FHA Loans, and Reverse Mortgage Jumbo Loans, providing flexibility for diverse customer needs.
Cons
- Limited brand recognition compared to larger competitors like American Advisors Group and Mutual of Omaha Reverse Mortgage.
Composite Feedback
Representative excerpts based on common themes from verified customer reviews. Not direct quotes.
Working with Tom at USA Mortgage was an incredible experience; his expertise and support made our unexpected home purchase seamless and enjoyable.
We were unprepared when we found our dream home, but thanks to the fantastic team at USA Mortgage, we navigated the process with ease and confidence.
Accredited
#2
Mutual of Omaha Reverse Mortgage
Established reputation with over 114 years in the industry, instilling trust and reliability among clients.
Comprehensive guidance during the application process with personalized assistance from experienced advisors.
Quick funding process, with funds available within three days after closing, allowing for timely access to financial resources.
Editor's Summary
What people are saying: #Trusted #CustomerCentric #FinancialFreedom
The Analysis
Pros
- Established reputation with over 114 years in the industry, instilling trust and reliability among clients.
- Comprehensive guidance during the application process with personalized assistance from experienced advisors.
Cons
- Higher interest rates compared to some competitors like USA Mortgage, which may affect overall loan costs.
Composite Feedback
Representative excerpts based on common themes from verified customer reviews. Not direct quotes.
Amanda and Mary Jo provided exceptional service with their honest and informative approach to reverse mortgages; I couldn't recommend them more highly!
My experience with Mutual of Omaha Mortgage was disappointing, as they sold my loan without proper communication, which was frustrating.
Experienced
#3
Open Mortgage
Offers a permanent line of credit for unexpected expenses, which provides flexibility not commonly found with all reverse mortgage providers.
Provides comprehensive educational resources and transparent information on their website, enhancing customer understanding of reverse mortgage options.
Allows for both lump sum and monthly payout options, catering to diverse financial needs and preferences among retirees.
Editor's Summary
What people are saying: #Transparent #Educational #RetirementFocused
The Analysis
Pros
- Offers a permanent line of credit for unexpected expenses, which provides flexibility not commonly found with all reverse mortgage providers.
- Provides comprehensive educational resources and transparent information on their website, enhancing customer understanding of reverse mortgage options.
Cons
- Higher fees compared to some competitors, such as USA Mortgage, which may be a consideration for cost-sensitive borrowers.
Composite Feedback
Representative excerpts based on common themes from verified customer reviews. Not direct quotes.
I was disappointed with my refinance experience at Open Mortgage, especially with the lack of online payment options and delays in processing my payment.
While I had high hopes for Open Mortgage, the requirement to mail my payment and the slow cashing process left me feeling frustrated.
#4
Longbridge Financial, LLC
Offers a diverse range of products including HECM Reverse Mortgages, HECM for Purchase, and Longbridge Platinum, catering to various homeowner needs.
Provides comprehensive educational resources such as Reverse Mortgage 101 and Mythbusters, empowering customers to make informed decisions.
Features a user-friendly website with free quote calculators that allow potential customers to estimate their eligibility and loan amounts easily.
Editor's Summary
What people are saying: #Trustworthy #Informative #CustomerFocused
The Analysis
Pros
- Offers a diverse range of products including HECM Reverse Mortgages, HECM for Purchase, and Longbridge Platinum, catering to various homeowner needs.
- Provides comprehensive educational resources such as Reverse Mortgage 101 and Mythbusters, empowering customers to make informed decisions.
Cons
- Higher fees associated with the Longbridge Platinum product compared to traditional HECM options offered by competitors like USA Mortgage.
Composite Feedback
Representative excerpts based on common themes from verified customer reviews. Not direct quotes.
My experience with Longbridge Financial was deeply concerning, as I encountered unethical practices that I believe could mislead vulnerable seniors.
I feel compelled to share my story to raise awareness and protect others from the troubling actions I've witnessed at Longbridge Financial.
#5
American Advisors Group
Ranked as the #1 HECM Lender by Endorsements, showcasing their strong market presence and trustworthiness.
Offers personalized service with dedicated loan advisors who provide tailored solutions based on individual financial situations.
Provides a comprehensive online resource center with informative articles, webinars, and tools for potential borrowers to understand reverse mortgages better.
Editor's Summary
What people are saying: #Trustworthy #CustomerCentric #SpecializedExpertise
The Analysis
Pros
- Ranked as the #1 HECM Lender by Endorsements, showcasing their strong market presence and trustworthiness.
- Offers personalized service with dedicated loan advisors who provide tailored solutions based on individual financial situations.
Cons
- Typically has higher origination fees compared to competitors like Mutual of Omaha Reverse Mortgage.
Composite Feedback
Representative excerpts based on common themes from verified customer reviews. Not direct quotes.
Greg not only delivered exceptional financial guidance but also became a trusted friend throughout the process. His dedication to ensuring I fully understood every step made all the difference.
My experience with American Advisors Group was fantastic; they took the time to explain everything clearly and made me feel comfortable every step of the way.
#6
Premier Reverse Mortgage, LLC
Offers a comprehensive range of reverse mortgage options including FHA HECM, Proprietary, and Purchase loans, catering to diverse financial needs.
Provides extensive educational resources and guides on their website, empowering customers to make informed decisions about reverse mortgages.
Editor's Summary
What people are saying: #Trustworthy #CustomerFocused #RetirementSolution
The Analysis
Pros
- Offers a comprehensive range of reverse mortgage options including FHA HECM, Proprietary, and Purchase loans, catering to diverse financial needs.
- Provides extensive educational resources and guides on their website, empowering customers to make informed decisions about reverse mortgages.
Cons
- Higher origination fees compared to competitors like Mutual of Omaha Reverse Mortgage, which may deter cost-sensitive customers.
Composite Feedback
Representative excerpts based on common themes from verified customer reviews. Not direct quotes.
Working with Premier Reverse Mortgage was a seamless experience; their knowledgeable team made the process easy and stress-free.
I couldn't be happier with my decision to choose Premier Mortgage Exchange-they provided exceptional service and support every step of the way.
#7
American Financing
Offers competitive interest rates starting as low as 3.5%, making it more affordable for borrowers compared to many competitors.
Provides personalized mortgage solutions with a dedicated loan officer available throughout the entire process, ensuring tailored advice and support.
Editor's Summary
What people are saying: #Trusted #Efficient #CustomerFocused
The Analysis
Pros
- Offers competitive interest rates starting as low as 3.5%, making it more affordable for borrowers compared to many competitors.
- Provides personalized mortgage solutions with a dedicated loan officer available throughout the entire process, ensuring tailored advice and support.
Cons
- Limited product diversity compared to some competitors, focusing predominantly on reverse mortgages rather than a broader range of loan products.
Composite Feedback
Representative excerpts based on common themes from verified customer reviews. Not direct quotes.
Working with Shay Wright at American Financing was a breeze; we seamlessly refinanced our home and couldn't be happier with the lower rate.
Unfortunately, my experience with Suzanne Dew was frustrating as she was often unavailable, which made communication difficult.
#8
US Mortgage Corporation
Offers a Close On Time Guarantee*, ensuring that mortgages are processed and closed quickly, setting them apart from many competitors who may have longer closing times.
Editor's Summary
What people are saying: #Reliable #CustomerFocused #CompetitiveRates
The Analysis
Pros
- Offers a Close On Time Guarantee*, ensuring that mortgages are processed and closed quickly, setting them apart from many competitors who may have longer closing times.
Cons
- May have higher fees associated with their services compared to competitors like Mutual of Omaha Reverse Mortgage, which is known for competitive pricing.
Composite Feedback
Representative excerpts based on common themes from verified customer reviews. Not direct quotes.
US Mortgage Corporation made my first home buying experience seamless and enjoyable. Their focus on education and customer service truly sets them apart.
Thanks to US Mortgage Corporation, I was able to refinance and save a significant amount of money. Their dedication to helping clients achieve better financial outcomes is remarkable.
#9
HighTechLending, Inc.
Offers a comprehensive range of loan programs including FHA/VA loans and conventional mortgages, which allows for greater flexibility in meeting diverse borrower needs.
Editor's Summary
What people are saying: #CustomerFocused #Reliable #Innovative
The Analysis
Pros
- Offers a comprehensive range of loan programs including FHA/VA loans and conventional mortgages, which allows for greater flexibility in meeting diverse borrower needs.
Cons
- Primarily operates in specific regions, which may limit accessibility for borrowers in certain areas compared to companies with a national presence like American Advisors Group.
Composite Feedback
Representative excerpts based on common themes from verified customer reviews. Not direct quotes.
My experience with HighTech Lending was outstanding; their team guided me through every step with professionalism and care.
From the beginning to the end, HighTech Lending made the entire process seamless and enjoyable, exceeding all my expectations.
#10
All Reverse Mortgage, Inc.
Offers a proprietary online calculator (ARLO(TM)) that provides personalized reverse mortgage estimates based on home value, age, and interest rates, making it easier for consumers to understand their potential benefits.
Editor's Summary
What people are saying: #Trusted #Informative #UserFriendly
The Analysis
Pros
- Offers a proprietary online calculator (ARLO(TM)) that provides personalized reverse mortgage estimates based on home value, age, and interest rates, making it easier for consumers to understand their potential benefits.
Cons
- May not have the same level of brand recognition or national presence as larger companies like American Advisors Group or Mutual of Omaha Reverse Mortgage.
Composite Feedback
Representative excerpts based on common themes from verified customer reviews. Not direct quotes.
All Reverse Mortgage made the process incredibly smooth and stress-free; their team was knowledgeable and supportive every step of the way.
I couldn't be happier with my experience at All Reverse Mortgage-they truly prioritize their customers and provide exceptional service!