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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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From America's #1 Rated Reverse Mortgage Lender

Top 10 Reverse Mortgage Lenders in Louisiana

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 94% 76 Source
American Pacific Mortgage F 28 1.5/5 30% 15 Source
Ennkar Inc. A+ 13 3.6/5 73% 3 Source
Fairway Independent Mortgage A+ 27 4.8/5 96% 44 Source
Finance of America Reverse LLC (FAR) A+ 20 1/5 20% 18 Source
GoodLife Home Loans A+ 11 4.4/5 88% 1 Source
Guild Mortgage Company (Formerly Cherry Creek LLC) A+ 63 1.3/5 26% 44 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 3.9/5 79% 16 Source
Mid America Mortgage Inc. A+ 65 3.0/5 60% 0 Source
Moneyhouse A+ NA NA NA 0 Source
Movement Mortgage, LLC A+ 16 4.7/5 95% 113 Source
Mutual of Omaha Mortgage A+ 11 4.8/5 96% 58 Source
Open Mortgage LLC A+ 21 2.8/5 56% 21 Source
Plaza Home Mortgage Inc A+ 23 1.9/5 24% 26 Source
Smartfi Home Loans A+ 5 NA NA 0 Source
South River Mortgage, LLC A+ 5 2.2/5 44% 13 Source
Reviews Updated: 11/29/2023
The BBB is one of the last review sites that does not accept monetary influence in their ratings or posted reviews.
 

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 is the 25th most populous state the in the nation and the 31st largest in terms of land area. Most of its 4,684,333 residents are densely populated around its major cities, such as its largest city New Orleans. As of 2010, Louisiana had 697,165 people aged 62 and older, and 67% of the state’s residents owned their own home.
 
In the 17th century, the French were the first to colonize the area, naming the land after their King Louis XIV. It became a U.S. territory when it was acquired as part of the Louisiana Purchase in 1803 and entered statehood in 1812.

One of the most important port cities on the Gulf, New Orleans was established in 1718.
It is the largest city in Louisiana, and its greater metropolitan area is home to 1.285 million people, as of 2016. Famous for its Mardi Gras festival, New Orleans brings in 18 million visitors and $9 billion in 2017. A melting pot of its French, African, Spanish, German, and Canadian influences, the state is known for Its Creole and Cajun cultures. Louisiana is also home to the longest bridge over water in the world - the 24-mile-long Lake Ponchartrain Causeway.

Because of its location on the Gulf coast, Louisiana has a steady semi-tropical climate, with heat and humidity increasing the closer you get to the water. The state has an average annual high of 91 degrees Fahrenheit, an average low of 45 degrees Fahrenheit, and is vulnerable during hurricane season. The area continues to recover from 2005’s Hurricanes Katrina and Rita.

After New Orleans and Baton Rouge, the next biggest cities in the state are Shreveport and Lafayette. Louisiana has lucrative gas and petroleum industries, and is the number one producer of crawfish in the world. Among large companies that call the state home are CenturyLink and Ochsner Health System. It’s also welcomed the film industry. Various movies and TV shows have shot there, including True Blood and Duck Dynasty.

The average home value in the state is $246,200, 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.

Louisiana Approved Reverse Mortgage Counseling Agencies

Agency NamePhoneAgency IDAddressLanguagesWebsite
MONEY MANAGEMENT INTERNATIONAL - NEW ORLEANS866-232-9080805131215 Prytania St Ste 336
New Orleans, Louisiana 70130-4483
Englishwww.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

Louisiana Reverse Mortgages
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