The only reverse mortgage insured by the U.S. Federal Government is called a Home Equity Conversion Mortgage (HECM), and is only available through an FHA-approved lender.
List of active approved reverse mortgage lenders
The following reverse mortgage programs and lenders are approved and currently ACTIVE in the Commonwealth as of March 12, 2025:
| Entity | Approved program(s) |
|---|---|
| Advisors Mortgage Group, LLC d/b/a Fix-It Mortgage | HECM |
| Allied Mortgage Group, Inc. | HECM in conjunction with Finance of America Reverse LLC |
| American Financial Network, Inc. | HECM |
| American Pacific Mortgage Corporation | HECM in conjunction with Finance of America Reverse LLC, Longbridge Financial, LLC, Mutual of Omaha Mortgage, Inc., and PHH Mortgage Corporation d/b/a Liberty Reverse Mortgage. |
| Bank of England | HECM in conjunction with Finance of America Reverse LLC. |
| Bay Equity LLC | HECM in conjunction with Finance of America Reverse LLC and Longbridge Financial, LLC. |
| Broker Solutions, Inc. dba New American Funding | HECM |
| Calcon Mutual Mortgage LLC d/b/a CalCon Mortgage | HECM in conjunction with Finance of America Reverse LLC and Longbridge Financial, LLC |
| CBC National Bank | HECM |
| CMG Mortgage Inc. d/b/a CMG Financial and d/b/a CMG Home Loans | HECM and approved proprietary programs in conjunction with Finance of America Reverse LLC and Longbridge Financial, LLC. |
| Continental Home Loans, Inc. | HECM |
| Fairway Independent Mortgage Corporation | HECM, directly and in conjunction with Finance of America Reverse LLC and Longbridge Financial, LLC. |
| Finance of America Reverse LLC d/b/a FAR formerly known as Urban Financial of America, LLC. | HECM and HomeSafe Standard and HomeSafe Select- Proprietary programs |
| FirstBank | HECM |
| Firststar Bank | HECM |
| Guaranteed Rate, Inc. | HECM in conjunction with Finance of America Reverse LLC and Longbridge Financial, LLC. |
| Guild Mortgage Company LLC | HECM, directly and approved proprietary programs in conjunction with Finance of America Reverse LLC |
| Hartford Funding LTD | HECM in conjunction with Finance of America Reverse LLC and Longbridge Financial, LLC. |
| HomeBridge Financial Services, Inc. | HECM |
| Homestead Funding Corp. | HECM |
| Land Home Financial Services, Inc. | HECM |
| LeaderOne Financial Corporation | HECM in conjunction with Finance of America Reverse LLC |
| Lenox Financial Mortgage Corporation d/b/a Weslend Financial | HECM in conjunction with Finance of America Reverse LLC |
| Longbridge Financial, LLC | HECM and Platinum fixed rate and adjustable rate proprietary programs |
| Movement Mortgage | HECM in conjunction with Finance of America Reverse LLC |
| Mutual of Omaha Mortgage, Inc. f/k/a Synergy One Lending, Inc. dba Retirement Funding Solutions | HECM |
| Northern Mortgage Services, LLC | HECM in conjunction with Plaza Home Mortgage, Inc. and PHH Mortgage Corporation d/b/a Liberty Reverse Mortgage |
| One Reverse Mortgage, LLC | HECM |
| Paramount Residential Mortgage Group, Inc. d/b/a PRMG | HECM in conjunction with Finance of America Reverse LLC, Longbridge Financial, LLC, and Mutual of Omaha Mortgage, Inc., and approved proprietary programs in conjunction with Finance of America Reverse LLC and Longbridge Financial, LLC. |
| People's Bank, a Kansas Corp. | HECM |
| PHH Mortgage Corporation d/b/a Liberty Reverse Mortgage | HECM |
| Plaza Home Mortgage, Inc. | HECM |
| radius Financial Group, Inc. | HECM |
| Reverse mortgages.com | HECM |
| Salem Five Mortgage Company, LLC, a wholly-owned subsidiary of the Salem Five Cents Savings Bank | HECM in conjunction with Finance of America Reverse LLC |
| The Federal Savings Bank | HECM |
| Top Flite Financial | Approved to offer HECM in conjunction with Finance of America Reverse LLC |
| US Mortgage Corporation dba US Mortgage Group | HECM in conjunction with Finance of America Reverse LLC |
| Watermark Capital, Inc. | HECM in conjunction with Finance of America Reverse LLC, Longbridge Financial, LLC, and PHH Mortgage Corporation d/b/a Liberty Reverse Mortgage and approved proprietary programs in conjunction with Finance of America Reverse LLC and Longbridge Financial, LLC |
List of inactive previously approved reverse mortgage lenders
The following reverse mortgage programs and lenders were previously approved and are currently INACTIVE and are not authorized to act as a reverse mortgage lender in the Commonwealth:
| Entity | Date ceased originating reverse mortgage loans |
|---|---|
| Allied Home Mortgage Corporation | January 11, 2012 |
| Bank of America, N.A. | April 29, 2011 |
| Belmont Savings Bank | April 1, 2011 |
| Bridgewater Savings Bank | June 28, 2011 |
| Evolve Bank and Trust | January 1, 2014 |
| Eastern Bank | May 2012 |
| Financial Freedom Senior Funding Corporation | April 1, 2011 |
| First Mariner Bank dba Next Generation Financial Services | April 1, 2011 |
| Homeowners Options for Massachusetts Elders | |
| Gateway Funding Diversified Mortgage Services | January 1, 2014 |
| Generation Mortgage Company | November 1, 2014 |
| GMAC Mortgage Corporation | May 16, 2013 |
| Guaranteed Home Mortgage Company, Inc. | December 31, 2013 |
| Hanscom Federal Credit Union | October 21, 2011 |
| Home Point Financial Corporation formally known as Maverick Funding Corp. | February 6, 2018 |
| James B. Nutter & Company | December 31, 2022 |
| Liberty Home Equity Solutions, Inc., formerly known as Genworth Financial Home Equity Access, Inc. | March 20, 2020 |
| Live Well Financial, Inc. | September 18, 2019 |
| Members Trust Company, FSB | September 11, 2013 |
| Merrimack Mortgage Company, Inc | April 1, 2011 |
| Metlife Home Loans, a Division of Metlife Bank, N.A. | May 2012 |
| Reverse Mortgage Funding, LLC | January 27, 2023 |
| Ross Mortgage Company | April 9, 2014 |
| Southbridge Savings Bank | September 11, 2013 |
| Susquehanna Bank formerly known as Graystone Mortgage, a division of Graystone Tower Bank | April 2012 |
| The Cape Cod Five Cents Savings Bank | April 1, 2011 |
| The Savings Bank | April 1, 2011 |
| Union Trust Mortgage Corporation | April 1, 2011 |
| Village Capital & Investment, LLC dba Village Home Loan | January 1, 2012 |
| Wells Fargo Home Mortgage | June 16, 2011 |
Additional Resources
| Last updated: | March 12, 2025 |
|---|