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Compare Louisiana's Best Reverse Mortgages
Compare Louisiana's Best Reverse Mortgages
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Louisiana'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!

Please provide your estimated home value

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 Louisiana

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).

Louisiana Reverse Mortgage Facts

StateHomeowners Age 62+Reverse Mortgages Closed Last 12 MonthsPurchase Reverse Mortgages Closed Last 12 MonthsLenders in LouisianaAvg. Home Value
Louisiana26,4512792852$246,200

Louisiana Lending Limits

Louisiana lending limits

 

Louisiana, rich in history and culture, is home to over 4.6 million people. As of 2010, nearly 700,000 residents were aged 62 and older, and many of them own their homes. In fact, 67% of Louisianans are homeowners, making reverse mortgages a popular option for those looking to access the equity in their homes.

The state’s largest city, New Orleans, is well-known for its vibrant culture, including the famous Mardi Gras festival. This city, founded in 1718, is a melting pot of French, African, and Spanish influences, and it plays a crucial role as a port city on the Gulf Coast. New Orleans and other major cities like Baton Rouge, Shreveport, and Lafayette offer residents a unique blend of history, culture, and modern amenities.

Louisiana enjoys a warm, semi-tropical climate, although it is prone to hurricanes, with residents still remembering the impact of Hurricanes Katrina and Rita in 2005. The state’s economy thrives on its gas and petroleum industries, and it’s also famous for being the world’s top producer of crawfish. The film industry has also found a home in Louisiana, with popular shows like True Blood and Duck Dynasty being filmed here.

For homeowners in Louisiana, the average home value is $246,200, which is below the federal maximum reverse mortgage lending limit of $1,149,825 for Home Equity Conversion Mortgages (HECM). This means that most Louisiana homeowners can benefit fully from a reverse mortgage. However, for those with higher-valued homes, jumbo reverse mortgage programs are available to access even more of their home’s equity.

 

Louisiana Approved Reverse Mortgage Counseling Agencies

NameAgency IDAddressPhoneWeb Site
MONEY MANAGEMENT INTERNATIONAL - NEW ORLEANS80513SUITE 1400
650 POYDRAS ST
NEW ORLEANS, LA 70130-6101
(866) 232-9080http://www.moneymanagement.org

Did you know? Louisiana 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 Louisiana: https://www.reversemortgage.org/Find-a-Lender/state/LA
HUD.GOV Approved Lenders Search: https://www.hud.gov/program_offices/housing/sfh/lender/lenderlist

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.
Louisiana Reverse Mortgages
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