Reverse mortgages are offered by FHA-approved lenders and mortgage companies that specialize in them. Look for a licensed loan officer with reverse mortgage experience, clear written cost estimates and a patient, no-pressure approach.
Who offers reverse mortgages?
In the U.S., most reverse mortgages are FHA-insured HECMs offered through FHA-approved lenders and mortgage companies. Not every bank or loan officer offers them, and fewer specialize in them. Working with someone who does reverse mortgages regularly can make the process smoother and help you avoid surprises.
What to look for in a reverse mortgage lender
- A loan officer licensed in your state — you can verify any loan officer on NMLS Consumer Access
- Real reverse mortgage experience, not just traditional mortgages
- Clear, written estimates of costs and how much you can access
- Comparisons of payout options (lump sum, monthly, line of credit)
- Willingness to include your family or financial advisor
- Strong, verified client reviews
Questions to ask
- How much can I access, and how is that calculated?
- What are all of the costs, and which can be financed?
- Which payout option fits my goals best, and why?
- What are my ongoing responsibilities?
- What happens to my home and heirs when the loan ends?
Working with Kenny
Kenny Farshchian specializes in reverse mortgages and is licensed in Utah and Florida. He holds a 4.95-star average from verified client reviews on Experience.com and is known for explaining every detail in plain English, with family welcome at the table.
Have a question about your situation?
Kenny offers free, no-pressure consultations — call, text or start online.
Reverse mortgage borrowers must live in the home as their primary residence, continue to pay property taxes, homeowners insurance and HOA dues, and maintain the home. The loan becomes due when the last borrower no longer lives in the home. These materials are not from, nor approved by, HUD, FHA or any government agency. This article is general information, not financial, tax or legal advice.