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Michael G. Branson, CEO of All Reverse Mortgage, Inc., and moderator of ARLOâ„¢, has 45 years of experience in the mortgage banking industry. He has devoted the past 20 years to reverse mortgages exclusively. (License: NMLS# 14040) |
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All Reverse Mortgage's editing process includes rigorous fact-checking led by industry experts to ensure all content is accurate and current. This article has been reviewed, edited, and fact-checked by Cliff Auerswald, President and co-creator of ARLOâ„¢. (License: NMLS# 14041) |
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Michael G. Branson, CEO of All Reverse Mortgage, Inc., and moderator of ARLOâ„¢, has 45 years of experience in the mortgage banking industry. He has devoted the past 20 years to reverse mortgages exclusively. (License: NMLS# 14040) |
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All Reverse Mortgage's editing process includes rigorous fact-checking led by industry experts to ensure all content is accurate and current. This article has been reviewed, edited, and fact-checked by Cliff Auerswald, President and co-creator of ARLOâ„¢. (License: NMLS# 14041) |
Michael G. Branson
Cliff AuerswaldReverse 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
| Lender | Rating | Years in Business | Stars (0-5) | Good Review % | Complaints | Source |
|---|---|---|---|---|---|---|
| Advisors Mortgage Group | A+ | 25 | 1.00/5 | 20.0% | 6 | Source |
| Atlantic Avenue Mortgage LLC | B+ | 2 | 4.94/5 | 98.8% | 2 | Source |
| American Pacific Mortgage | F | 28 | 2.00/5 | 40.0% | 13 | Source |
| Ennkar Inc. | A+ | 14 | 4.00/5 | 80.0% | 2 | Source |
| Fairway Independent Mortgage | A+ | 28 | 4.39/5 | 87.8% | 33 | Source |
| Finance of America Reverse LLC (FAR) | A+ | 21 | 1.00/5 | 20.0% | 34 | Source |
| GoodLife Home Loans | A+ | 12 | 5.0/5 | 88.6% | 0 | Source |
| Guild Mortgage Company (Formerly Cherry Creek LLC) | A+ | 64 | 1.36/5 | 27.2% | 33 | Source |
| HighTechLending Inc | A+ | 18 | 4.93/5 | 98.6% | 1 | Source |
| Liberty Home Equity Solutions Inc. | A+ | 21 | 1.00/5 | 20.0% | 2 | Source |
| Longbridge Financial LLC | A+ | 12 | 3.69/5 | 73.8% | 21 | Source |
| Mid America Mortgage Inc. | A+ | 66 | NA | NA | NA | Source |
| Moneyhouse | NR | 27 | NA | NA | 0 | Source |
| Movement Mortgage, LLC | A+ | 17 | 4.81/5 | 96.2% | 107 | Source |
| Mutual of Omaha Mortgage | A+ | 11 | 1.48/5 | 29.6% | 46 | Source |
| Open Mortgage LLC | A+ | 22 | 3.0/5 | 60.0% | 1 | Source |
| Plaza Home Mortgage Inc | A+ | 24 | 2.69/5 | 53.8% | 13 | Source |
| Smartfi Home Loans | A+ | 5 | NA | NA | 0 | Source |
| South River Mortgage, LLC | A+ | 5 | 3.49/5 | 69.8% | 13 | Source |
Latest Louisiana Reverse Mortgage Statistics
| State | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Lenders in Louisiana | Avg. Home Value |
|---|---|---|---|---|
| Louisiana | 362,400 | 167 | 16 | $197,385 |
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 Rouge, Shreveport, 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.
Louisiana Approved Reverse Mortgage Counseling Agencies
| Name | Agency ID | Address | Phone | Web Site |
|---|---|---|---|---|
| MONEY MANAGEMENT INTERNATIONAL - NEW ORLEANS | 80513 | SUITE 1400 650 POYDRAS ST NEW ORLEANS, LA 70130-6101 | (866) 232-9080 | http://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
