Home / Lenders / Reverse Mortgage Lenders, Maine

Compare Maine's Best Reverse Mortgages

Try ARLO™ a revolutionary calculator that offers side-by-side lender comparisons, real-time interest rates and expert recommendations. 100% Free.
Please enter a valid zip code.
Please fill in this field.
In your current area homeowners are currently utilizing reverse mortgages to better enhance their retirement years, with 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…
‹ Back
‹ Back
The minimum qualifying age for a reverse mortgage is 55. If you are within 6 months from your next birthday, I will automatically calculate you a year older.
Tip! 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.
Your Age
‹ Back

Great News! Your ARLO™ analysis is ready

Your personalized results include the best of 2023's reverse mortgages
  • Side-by-side loan comparisons
  • Real-time interest rates
  • ARLO™ advice to help you select the right program
We maintain an A+ exemplary rating by the Better Business Bureau with a perfect 5-Star customer review.
Your FREE Report Includes:
  • Real Time Analysis  (Next Step)
  • Analysis Via Email
From America's #1 Rated Reverse Mortgage Lender
Please enter a valid phone number.
Please fill in this field.
By using ARLO™ Calculator and clicking on the “View ARLO Analysis Now” button above, you consent, acknowledge, and agree to the following: Our Terms of Use Agreement, Privacy Policy and to receive important notices and other communications. I consent to being contacted by All Reverse Mortgage® and its partners for marketing purposes at any phone number or email I provide, including through the use of automated technology and prerecorded messages. I represent that I am the regular user of the phone number I provided and provide consent on behalf of all users of that phone number. I also understand consent is not required for purchase and I may opt-out from receiving communications at any time.
‹ Back

Top 10 Reverse Mortgage Lenders in Maine

Lender Rating Experience Stars (0-5) Good Reviews Complaints BBB
American Advisors Group (AAG) A- 18 Yrs. 4.66 93% 98 Source
Cherry Creek Mortgage, LLC A+ 36 Yrs. 3.75 75% 6 Source
Fairway Independent Mortgage A+ 27 Yrs. 4.96 99% 51 Source
Finance of America Reverse LLC (FAR) A+ 19 Yrs. 1.67 33% 15 Source
Liberty Home Equity Solutions Inc. A+ 19 Yrs. 2.00 40% 2 Source
Longbridge Financial LLC A+ 10 Yrs. 3.94 78% 15 Source
Mutual of Omaha Mortgage A+ 10 Yrs. 4.85 97% 47 Source
Open Mortgage LLC A+ 20 Yrs. 2.44 48% 1 Source
Reverse Mortgage Funding LLC A+ 10 Yrs. 4.23 84% 25 Source
Reviews Updated: 5/30/2023
The BBB is one of the last review sites that does not accept monetary influence in their ratings or posted reviews.


Maine Reverse Mortgage Facts

StateHomeowners Age 62+Reverse Mortgages Closed Last 12 MonthsPurchase Reverse Mortgages Closed Last 12 MonthsLenders in MaineAvg. Home Value



Maine Lending Limits

Maine is the 42nd most populous state in the United States and is the 39th largest in terms of area. As of 2017, approximately 1,335,907 people lived in the state, with more than half of the population residing around Portland. About 265,845 residents in the state are age 65 and older, and about 71% of people in the state are homeowners.

The largest state in the New England region, Maine’s first English colony was briefly established in the early 1600s. About 20 years later, the first sawmills were set up in the state, and lumber would continue to be an important of Maine’s economy long into the future. The French and English continued to fight over the land for many years until the American Revolution. Maine entered the United States as a free state in 1820. It was the 23rd state.

Portland is the largest city in Maine, with almost half of the state’s population residing in its metro area. Approximately 67,067 residents live in its city limits. Over the years, Portland has been rebuilt after fires and war destroyed its buildings and structures. Both poet Henry Wadsworth Longfellow and author Stephen King were born in Portland. It is also home to the first chewing gum factory.

After Portland, the next largest cities are Lewiston and Bangor. A few of Maine’s leading industries are healthcare, retail, and tourism. Maine was ranked 46 on Forbes’ list of ‘Best Places to Do Business’, and it’s largest companies in terms of number of employees are MaineHealth, Unum, and L.L. Bean

Characterized as having a humid continental climate, Maine’s location on the Atlantic Ocean means that temperatures inland are warmer in the summer and colder in the winter than along the coast. In the summer, the average high in July is 79 degrees Fahrenheit, and in the winter the average low in January is 11 degrees Fahrenheit. Inland receives more snow than coastal areas, but the state is subject to the occasional nor’easter.

The average home value in the state is $339,200, below the federal maximum reverse mortgage lending limit of $1,089,300 that applies to all HECM loans. For more borrowing power above the federal limit, there are jumbo reverse mortgage programs available.

Top Lender Resources in ME:
Reversemortgage.org NRMLA Members in Maine
HUD.GOV Lenders

Maine State References: 65 and over | Maine History (Source 1, Source 2)

Maine Approved Reverse Mortgage Counseling Agencies

Agency NamePhoneAgency IDAddressLanguagesWebsite
COASTAL ENTERPRISES, INCORPORATED207-504-59008098530 Federal Street
Suite 100
BRUNSWICK, Maine 04011-1510

Did you know? Maine 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.

Maine Reverse Mortgages
(32 votes, average: 4.94 out of 5)
Click Here to Rate This Page
Close Menu