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Compare Delaware's Best Reverse Mortgages
Compare Delaware's Best Reverse Mortgages
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Delaware's #1 Reverse Mortgage

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In your current area 100 homeowners are currently utilizing reverse mortgages to better enhance their retirement years, with 500,000 nationwide!

The amount you receive is based on your home’s value, your age, and current interest rates. Let’s start with your address so I can estimate your home value…
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If you feel this estimate is not correct you can manually change it below. If you have an existing mortgage balance, I'll need to know the amount we are going to pay off to get rid of that mortgage payment!

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If you presently have an existing mortgage balance, I'll need to know the amount we are going to pay off to get rid of that mortgage payment!
(Our calculations use estimated property values provided by Estated.com. An independent HUD-approved appraiser must complete an appraisal to finalize your loan)
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The minimum qualifying age for a reverse mortgage is 55

Don’t forget to include your spouse’s age, even if they are not yet 55, as loan proceeds are always based on the age of the youngest spouse.
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Your personalized results include the best of 2024's reverse mortgages
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  • Real-time interest rates
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From America's #1 Rated Reverse Mortgage Lender

Top 20 Reverse Mortgage Lenders in Delaware

LenderRatingYears in BusinessStars (0-5)Good Review %ComplaintsBBB Review
Advisors Mortgage GroupA+241.80/536.0%5Source
American Advisors Group (AAG)A194.70/594.0%61Source
American Pacific MortgageF281.75/535.0%13Source
Ennkar Inc.A+144.00/580.0%3Source
Fairway Independent MortgageA+284.43/588.6%38Source
Finance of America Reverse LLC (FAR)A+201.00/520.0%21Source
GoodLife Home LoansA+124.43/588.6%0Source
Guild Mortgage Company (Formerly Cherry Creek LLC)A+641.36/527.2%41Source
HighTechLending IncA+184.93/598.6%0Source
Liberty Home Equity Solutions Inc.A+211.00/520.0%3Source
Longbridge Financial LLCA+123.95/579.0%17Source
Mid America Mortgage Inc.A+653.00/560.0%0Source
MoneyhouseNRNANANA0Source
Movement Mortgage, LLCA+174.80/595.6%111Source
Mutual of Omaha MortgageA+114.72/594.452Source
Open Mortgage LLCA+212.60/552.0%1Source
Plaza Home Mortgage IncA+232.29/545.8%18Source
Smartfi Home LoansA+5NANA0Source
South River Mortgage, LLCA+52.43/548.6%15Source
Top 20 HECM lenders reported by https://www.rminsight.net/wp-content/uploads/2024/06/Lenders_202405.pdf. (Reviews Updated: September 1, 2024).

Delaware Reverse Mortgage Facts

StateHomeowners Age 62+Reverse Mortgages Closed Last 12 MonthsPurchase Reverse Mortgages Closed Last 12 MonthsLenders in DelawareAvg. Home Value
Delaware46,105109 7 28$370,761

Delaware Reverse Mortgage Overview

Delaware, often referred to as “The First State” due to its early ratification of the U.S. Constitution, is home to nearly 1 million residents. A significant number are homeowners aged 62 and older, making many eligible for a reverse mortgage to help enhance their retirement years.

The median home value in Delaware is $327,500, which is well below the federal maximum reverse mortgage lending limit of $1,149,825 for Home Equity Conversion Mortgages (HECM). This means that most Delaware homeowners can fully benefit from a reverse mortgage, which allows them to tap into their home’s equity while continuing to live in it.

Delaware’s rich history dates back to its founding in 1638 when Swedish settlers established the first European settlement in the state. Delaware became the first state to join the Union in 1787. Its small size belies its historical significance, with Wilmington being the largest city and a hub of commerce and industry.

Wilmington, located at the confluence of the Christina River and Brandywine Creek, is known for its vibrant cultural scene and is home to a variety of businesses, including several major financial institutions. Dover, the state capital, is steeped in history and hosts the annual Dover International Speedway races, which draw visitors from all over the country.

Delaware’s climate is generally mild, with warm summers and cool winters. The state experiences all four seasons, with average temperatures ranging from a low of 32 degrees Fahrenheit in January to a high of 85 degrees Fahrenheit in July. Its coastal location means that some areas are prone to higher humidity and occasional coastal storms.

Delaware’s economy is diverse, with major industries including banking, pharmaceuticals, and agriculture. The state is also known for its favorable tax climate, which attracts many retirees seeking a comfortable and affordable place to live. Large companies such as DuPont and AstraZeneca have a significant presence in Delaware.

With the average home value in Delaware being $327,500, most homes fall within the HECM reverse mortgage lending limit. However, jumbo reverse mortgage programs are available for those with higher-valued homes, offering even greater borrowing power.

Did you know? Delaware does not mandate in-person counseling. Visit our counseling page for a list of phone-based counseling agencies and conduct your required counseling from the comfort of your home.

Top Lender Resources in DE:
Reversemortgage.org NRMLA Members in Delaware
HUD.GOV Approved Lenders Search

Author Michael Branson
About the Author, Michael G. Branson | Mike@allreverse.com
Michael G. Branson CEO, All Reverse Mortgage, Inc. and moderator of ARLO™ has 45 years of experience in the mortgage banking industry. He has devoted the past 19 years to reverse mortgages exclusively.
Delaware Reverse Mortgages
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