Compare Indiana's Best Reverse Mortgages!
Compare Indiana's Best Reverse Mortgages!
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Indiana'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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From America's #1 Rated Reverse Mortgage Lender

Top 10 Reverse Mortgage Lenders in Indiana

Lender Rating Years in Business Stars (0-5) Good Review % Complaints BBB
Advisors Mortgage Group A+ 24 1.6/5 33% 5 Source
American Advisors Group (AAG) A 19 4.7/5 95% 73 Source
American Pacific Mortgage F 28 1.5/5 30% 16 Source
Ennkar Inc. A+ 13 3.6/5 73% 3 Source
Fairway Independent Mortgage A+ 28 4.8/5 96% 45 Source
Finance of America Reverse LLC (FAR) A+ 20 1/5 20% 19 Source
GoodLife Home Loans A+ 11 4.4/5 88% 0 Source
Guild Mortgage Company (Formerly Cherry Creek LLC) A+ 63 1.3/5 26% 42 Source
HighTechLending Inc A+ 18 4.9/5 98% 0 Source
Liberty Home Equity Solutions Inc. A+ 20 1.00/5 20% 3 Source
Longbridge Financial LLC A+ 11 4.0/5 80% 16 Source
Mid America Mortgage Inc. A+ 65 3.0/5 60% 0 Source
Moneyhouse NA NA NA NA 0 Source
Movement Mortgage, LLC A+ 16 4.7/5 95% 111 Source
Mutual of Omaha Mortgage A+ 11 4.8/5 96% 56 Source
Open Mortgage LLC A+ 21 2.7/5 54% 21 Source
Plaza Home Mortgage Inc A+ 23 2.1/5 42% 24 Source
Smartfi Home Loans A+ 5 NA NA 0 Source
South River Mortgage, LLC A+ 5 2.4/5 49% 14 Source
Reviews Updated: 6/17/24
The BBB is one of the last review sites that does not accept monetary influence in their ratings or posted reviews.

Indiana Reverse Mortgage Facts

StateHomeowners Age 62+Reverse Mortgages Closed Last 12 MonthsPurchase Reverse Mortgages Closed Last 12 MonthsLenders in IndianaAvg. Home Value
Indiana54,658 3591424 $233,554

Data shown includes all cases with beginning endorsement date between January 01, 2023 and December 31, 2023

Indiana Lending Limits

Indiana lending limits

Indiana facts

Indiana is the 17th most populous state in the U.S. and the 38th largest in terms of land area. Approximately 6,666,818 people resides in the state in 2017, with the largest numbers living in the Indianapolis area and the northwest part of the state.  Approximately 1,026,689 people Indiana are 65 and over, and the state’s homeownership rate is 70%.

As long ago as 8,000 B.C., migratory tribes inhabited the area that would one day become Indiana. Once Europeans reached the area, France and Britain vied to control this frontier land, with Britain eventually succeeding. Even after the area was open to settlement, fights with the native tribes were common until 1811’s Battle of Tippecanoe. “The Crossroads of America” became the 19th state in 1816.

Since 1825, Indianapolis has been the state capital, and is currently the largest city in the state — with a population of 863,002. Because of its central location, the city was founded specifically to become the capital, and later became a major hub of transportation thanks to the roads and rail lines constructed there. Today, the city is known for hosting the Indianapolis 500 each May, which brings approximately 300,000 people to the city. The city was also the birthplace of Wonder Bread and hosted Elvis’ very last concert.

Following Indianapolis, the next largest cities are Fort Wayne and Evansville.
Fort Wayne has 264,488 residents and is known as the home of the very first professional baseball game. The driving industries behind Indiana’s economy are agriculture, manufacturing, and the service industry. As the state boasts the largest limestone deposit in the world, mining is also a major industry. The largest companies in Indiana are Anthem, Eli Lilly and Co., and Cummins.

Having four distinct seasons, Indiana falls under the humid continental climate category. All of the state gets snow and rain, with the south being a bit warmer and wetter in the summer and slightly less snowy in the winter. The average high temperature in Indiana is 85 degrees Fahrenheit in July, and the average low temperature is 19 degrees Fahrenheit in January. 

The average home value in the state is $237,900, below the federal maximum reverse mortgage lending limit of $1,149,825 that applies to all HECM loans. For more borrowing power above the federal limit, there are jumbo reverse mortgage programs available.

Indiana Approved Reverse Mortgage Counseling Agencies

Agency NamePhoneAgency IDAddressLanguagesWebsite
BLOOMINGTON, Indiana 47404-3729
HOMESTEAD CS765-423-128484879671 N 36th St
Lafayette, Indiana 47905-4475
GREENPATH FINANCIAL WELLNESS888-860-416783515245 W Edison Rd
Suite 130
Mishawaka, Indiana 46545-8305

Did you know? Indiana state 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.

Additional Resources:
Reversemortgage.org NRMLA Members in Indiana
HUD.GOV Approved Lenders Search

Indiana Reverse Mortgages
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