Reverse Mortgages in Louisiana: A Comprehensive Guide

If you’re a Louisiana homeowner aged 62 or older, a reverse mortgage could be a valuable tool to help you unlock the equity in your home and improve your financial security during retirement. In this guide, we’ll cover everything you need to know about reverse mortgages in Louisiana, including key facts, the latest statistics, top lenders, and essential protections.

Top 20 Reverse Mortgage Lenders in Louisiana

LenderBBB RatingYears in BusinessCustomer Rating (0–5)% Positive ReviewsComplaintsSource
Atlantic Avenue Mortgage LLCA+24.94/598.8%2Source
American Pacific MortgageF281.75/535.0%8Source
Cross Country MortgageF221.46/529.2%300Source
Fairway Independent MortgageB+294.48/589.6%28Source
Finance of America Reverse LLC (FAR)A+211.00/520.0%37Source
GMFS MortgageA+262.5/550.0%18Source
Goodlife Home LoansA+135.0/5100%0Source
Guild Mortgage Company (Formerly Cherry Creek LLC)A+641.36/527.2%25Source
HighTechLending IncA+194.93/598.6%1Source
Liberty Home Equity Solutions Inc.A+211.00/520.0%1Source
Longbridge Financial LLCA+123.81/576.2%25Source
Mid America Mortgage Inc.A+66NANANASource
MoneyhouseNR27NANA0Source
Movement Mortgage, LLCA+174.83/596.2%95Source
Mutual of Omaha MortgageA+121.49/529.8%55Source
Open Mortgage LLCA+223.67/573.4%1Source
Plaza Home Mortgage IncA+243.44/568.8%7Source
Smartfi Home LoansA+61.00/529.0%0Source
South River Mortgage, LLCA+63.55/571.0%12Source
Source: Data compiled from https://www.rminsight.net/wp-content/uploads/2025/05/Lenders_202504.pdf RMInsight (Top 20 HECM Lenders, July 2025 and Better Business Bureau reviews updated as of July 7, 2025.

Latest Louisiana Reverse Mortgage Statistics

StateHomeowners Age 62+Reverse Mortgages Closed Last 12 MonthsLenders in LouisianaAvg. Home Value
Louisiana362,40016716$197,385
HECM Data source: https://entp.hud.gov/sfnw/public/
Loan Type: HECM Standard Loans Originated in Louisiana
Performance Period: Loans endorsed between January 1, 2024, and December 31, 2024
Note: Includes all HECM Standard cases within the specified endorsement period.

Louisiana Reverse Mortgage Lending Limits

Louisiana, rich in history and culture, is home to approximately 4.7 million people as of 2024. Nearly 800,000 residents are 62 and older, and many are homeowners. About 67% of Louisianans own their homes, making reverse mortgages a popular option for those looking to access the equity they have built in their homes.

A State Steeped in History and Culture

The state’s largest city, New Orleans, is famous for its vibrant culture, food, and the world-renowned Mardi Gras festival. Founded in 1718, it is a melting pot of French, African, and Spanish influences and a critical port city along the Gulf Coast. Alongside New Orleans, other major cities such as Baton RougeShreveport, and Lafayette blend historic charm with modern conveniences.

Louisiana enjoys a warm, semi-tropical climate, though it is no stranger to hurricanes. Residents still remember the devastation caused by Hurricanes Katrina and Rita in 2005. The state’s economy thrives on industries like natural gas, petroleum, agriculture, and fishing while also gaining recognition as a hub for the film industry with shows like True Blood and Duck Dynasty filmed in the state.

Housing Market and Reverse Mortgage Opportunities in Louisiana

As of January 2025, the average home value in Louisiana is $197,385, reflecting a steady increase in home values. Many homes in the state are priced below the federal reverse mortgage lending limit of $1,209,750 for Home Equity Conversion Mortgages (HECM). This allows most Louisiana homeowners to fully benefit from the equity in their homes through a reverse mortgage. For homeowners with properties exceeding the federal limit, jumbo reverse mortgage programs provide greater borrowing potential.

HUD-Approved Reverse Mortgage Counseling Agencies in Louisiana

NameAgency IDAddressPhoneWeb Site
MONEY MANAGEMENT INTERNATIONAL - NEW ORLEANS80513SUITE 1400
650 POYDRAS ST
NEW ORLEANS, LA 70130-6101
(866) 232-9080http://www.moneymanagement.org
The information presented in this table was obtained from the U.S. Department of Housing and Urban Development (HUD) at https://answers.hud.gov/housingcounseling as of February 23rd, 2025.

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