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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
  • Side-by-side loan comparisons
  • Real-time interest rates
  • ARLO™ advice to help you select the right program
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2021 BBB Torch Award Finalist
Best Reverse Mortgage Lender
Best Reverse Mortgage Website
Best Reverse Mortgage Website

Top 20 Reverse Mortgage Lenders in Louisiana

LenderRatingYears in BusinessStars (0-5)Good Review %ComplaintsBBB Review
Advisors Mortgage GroupA+252.00/540.0%5Source
American Advisors Group (AAG)A194.69/593.8%56Source
American Pacific MortgageF281.75/535.0%13Source
Ennkar Inc.A+144.00/580.0%3Source
Fairway Independent MortgageA+284.41/588.2%37Source
Finance of America Reverse LLC (FAR)A+211.00/520.0%22Source
GoodLife Home LoansA+124.43/588.6%0Source
Guild Mortgage Company (Formerly Cherry Creek LLC)A+641.36/527.2%39Source
HighTechLending IncA+184.93/598.6%0Source
Liberty Home Equity Solutions Inc.A+211.00/520.0%3Source
Longbridge Financial LLCA+123.94/578.8%18Source
Mid America Mortgage Inc.A+653.00/560.0%0Source
MoneyhouseNR27NANA0Source
Movement Mortgage, LLCA+174.80/595.6%109Source
Mutual of Omaha MortgageA+114.61/592.2%45Source
Open Mortgage LLCA+212.60/552.0%1Source
Plaza Home Mortgage IncA+232.38/547.6%17Source
Smartfi Home LoansA+5NANA0Source
South River Mortgage, LLCA+52.62/552.4%15Source
This chart compares the top 20 reverse mortgage lenders in the U.S. based on national rankings, displaying key metrics such as their BBB (Better Business Bureau) rating, years in business, average star rating, percentage of positive reviews, number of complaints, and sources of reviews. Top 20 HECM lenders reported by https://www.rminsight.net/wp-content/uploads/2024/06/Lenders_202405.pdf. (Reviews Updated: October 22, 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 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 2024, the average home value in Louisiana is $256,700, reflecting a steady increase in home values. Many homes in the state are priced below the federal reverse mortgage lending limit of $1,149,825 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.

 

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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