Fairway Independent Mortgage
A retail mortgage lender with a reverse mortgage division, including HECM for Purchase. Closing timelines, branch counts and state availability are pending verification.
Top10 Score
Rating pending
★ Independent · Editorially Ranked · 2026
Reverse Mortgage Companies
Reverse Mortgage Companies
— Independent Comparison
A working comparison of reverse mortgage lenders in the United States, built on our published editorial methodology. Data points are published only once verified — anything still under review is marked "Not verified."
Last reviewed May 2026 · Rankings and scores are determined by our published editorial methodology and are not influenced by compensation.
Written by
PLACEHOLDER Editor One
Reviewed by
PLACEHOLDER Reviewer One
Published Not recordedLast updated Not recorded
Placeholder attribution: named contributor records are not yet in place for this page.
Companies we track
Ranking pending — scores publish once each company's data meets our verification threshold.
Each lender below offers FHA-insured Home Equity Conversion Mortgages (HECMs); several also offer proprietary reverse mortgages for higher-value homes. This is our current candidate set — final membership and ordering will be generated by our scoring methodology once each lender's data has been verified.
Advertiser disclosure: Rankings and scores are determined solely by our published methodology and are not influenced by compensation. We may be compensated when you contact a company through this site. Methodology | How we make money
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Finance of America Reverse (FAR)
A long-established reverse mortgage lender offering FHA-insured HECMs alongside a proprietary product line for higher-value homes. Product details, limits and availability are pending verification.
Top10 Score
Rating pending
GoodLife Home Loans
A lender focused specifically on reverse mortgages. Review volumes, complaint records and the list of states served are pending verification.
Top10 Score
Rating pending
Guild Mortgage
A national mortgage lender that offers reverse mortgage products in addition to forward lending. Accreditation, satisfaction results and product terms are pending verification.
Top10 Score
Rating pending
HighTechLending (American Senior)
A reverse mortgage lender operating under the American Senior brand. Accreditation, feedback scores and complaint records are pending verification.
Top10 Score
Rating pending
Longbridge Financial
A dedicated reverse mortgage lender offering HECMs and proprietary products. State coverage, product terms and funding timelines are pending verification.
Top10 Score
Rating pending
Mutual of Omaha Mortgage
The mortgage arm of a long-standing consumer financial services brand, offering FHA-insured HECMs. Fee structure, state availability and branch coverage are pending verification.
Top10 Score
Rating pending
New American Funding
A large national lender offering reverse mortgages as part of a broad product menu. Ratings, review data and availability are pending verification.
Top10 Score
Rating pending
Open Mortgage
A lender offering both forward and reverse mortgage products with a relationship-based origination model. Availability and product terms are pending verification.
Top10 Score
Rating pending
Side by Side
Quick comparison of all 10 lenders
A snapshot of the lenders in our current candidate set. Fields that have not yet been verified are marked "Not verified" rather than estimated. Scroll horizontally on smaller screens.
| Lender | Focus | Status | Top10 Score | Availability | Proprietary / Jumbo |
|---|---|---|---|---|---|
| Fairway Independent Mortgage | Not verified | Active | Rating pending | Not verified | Not verified |
| Finance of America Reverse (FAR) | Not verified | Active | Rating pending | Not verified | Not verified |
| GoodLife Home Loans | Not verified | Active | Rating pending | Not verified | Not verified |
| Guild Mortgage | Not verified | Active | Rating pending | Not verified | Not verified |
| HighTechLending (American Senior) | Not verified | Active | Rating pending | Not verified | Not verified |
| Longbridge Financial | Not verified | Active | Rating pending | Not verified | Not verified |
| Mutual of Omaha Mortgage | Not verified | Active | Rating pending | Not verified | Not verified |
| New American Funding | Not verified | Active | Rating pending | Not verified | Not verified |
| Open Mortgage | Not verified | Active | Rating pending | Not verified | Not verified |
The Basics
How a reverse mortgage works
A reverse mortgage lets homeowners aged 62+ convert part of their home equity into cash — without monthly mortgage payments. Most are FHA-insured Home Equity Conversion Mortgages (HECMs).
You keep your home
You retain title and continue living in your home. The loan is repaid when you sell, move out permanently, or pass away.
No monthly payments
Unlike a traditional mortgage, you don't make monthly principal-and-interest payments. You must still cover taxes, insurance, and upkeep.
Flexible payouts
Receive funds as a lump sum, monthly payments, a growing line of credit, or a combination — whatever fits your retirement plan.
Counseling required
Before closing a HECM, you must complete independent counseling with a HUD-approved agency to ensure you understand the terms.
Potential benefits
- Supplement retirement income while aging in place
- Eliminate an existing monthly mortgage payment
- Line-of-credit option that can grow over time
- FHA insurance and non-recourse protection on HECMs
- Generally tax-free loan proceeds (consult a tax advisor)
Important trade-offs
- Upfront and ongoing costs, including mortgage insurance
- Loan balance grows over time as interest accrues
- Reduces equity left to heirs
- You must keep up taxes, insurance, and maintenance
- Moving out long-term can trigger repayment
Last updated: Not recorded — this page has no modification date on file, so none is published in its structured data either.
Common Questions
Reverse mortgage FAQ
Who qualifies for a reverse mortgage?+
For a HECM, you generally must be at least 62 years old, own your home outright or have substantial equity, live in the home as your primary residence, and stay current on property taxes, homeowner's insurance, and maintenance. Some proprietary jumbo programs use different minimum ages; requirements vary by lender and are not verified here.
How much can I borrow in 2026?+
The amount depends on your age, your home's appraised value, and current interest rates. For FHA-insured HECMs, the maximum claim amount is $1,249,125 (effective 2026-01-01) — that figure caps the home value used in the calculation, not the amount you receive. Homes valued above that cap may be served by proprietary jumbo programs, whose limits vary by lender and are not verified here.
Source: U.S. Department of Housing and Urban Development / FHA · effective 2026-01-01 · FHA Mortgagee Letter 2025-22. Prior year: $1,209,750. — source link pending
Source: U.S. Department of Housing and Urban Development / FHA · effective 2026-01-01 · FHA Mortgagee Letter 2025-22. Prior year: $1,209,750. — source link pending
Do I still own my home?+
Yes. You keep the title and continue to live in your home. The lender places a lien against the property, similar to any mortgage, but you remain the owner. The loan becomes due only when the last borrower sells, moves out permanently, or passes away.
What happens to my heirs?+
When the loan comes due, your heirs can repay the balance and keep the home, sell it and keep any remaining equity, or hand the home to the lender. Because HECMs are non-recourse, neither you nor your heirs will owe more than the home's value at the time of sale.
Are reverse mortgage proceeds taxable?+
Loan proceeds are generally not considered taxable income because they're a loan, not earnings. However, individual situations vary — always confirm with a qualified tax advisor and consider how proceeds might affect needs-based benefits.
How do I choose the right lender?+
Compare more than the interest rate. Look at total costs (ask for the TALC — Total Annual Loan Cost), state availability, product range, accreditation, complaint history, and borrower reviews. Get quotes from at least two or three lenders on our list, and complete your required HUD counseling before committing.
Our Methodology
How our rankings are built
Rankings are generated from 5 weighted components defined in methodology version 0.1.0-draft — the same configuration documented on our methodology page. Components without verified data for a lender are reported as "Not verified" rather than estimated, and compensation never influences a score.
20%*
Regulatory standing
Licensing status, HUD/FHA standing, and regulatory action history.
20%*
Availability
Where the lender is licensed and which products it can originate there.
20%*
Product range
Breadth of reverse mortgage products, including purchase and proprietary programs.
20%*
Cost transparency
Whether origination, servicing, and closing cost information is disclosed and sourced.
20%*
Consumer feedback
Complaint history and verified consumer review data.
*Weights marked with an asterisk are placeholders in methodology version 0.1.0-draft, which is still a draft. No score is published from a draft version. Read the full methodology