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Michael G. Branson, CEO of All Reverse Mortgage, Inc., and moderator of ARLO™, 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 ARLO™. (License: NMLS# 14041) |
Michael G. Branson
Edited by 
Cliff Auerswald
Reverse Mortgages in Maryland: A Comprehensive Guide
If you’re a Maryland 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 Maryland, including key facts, the latest statistics, top lenders, and essential protections.
Top Reverse Mortgage Lenders in Maryland
| Lender | BBB Rating | Years in Business | Star Rating (0–5) | Good Review % | Complaints | Source |
|---|---|---|---|---|---|---|
| All Reverse Mortgage, Inc. (ARLO) | A+ | 20 | 4.99/5 | 99.8% | 0 | 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 | 1.75/5 | 35.0% | 11 | Source |
| Ennkar Inc. | A+ | 14 | 4.00/5 | 80.0% | 1 | Source |
| Fairway Independent Mortgage | A+ | 28 | 4.43/5 | 88.6% | 32 | Source |
| Finance of America Reverse LLC (FAR) | A+ | 21 | 1.00/5 | 20.0% | 35 | 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% | 29 | 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 | 3.67/5 | 73.4% | 21 | Source |
| Mid America Mortgage Inc. | A+ | 66 | NA | NA | NA | Source |
| Moneyhouse | NR | 27 | NA | NA | 0 | Source |
| Movement Mortgage, LLC | A+ | 17 | 4.82/5 | 96.2% | 100 | Source |
| Mutual of Omaha Mortgage | A+ | 11 | 1.46/5 | 29.2% | 49 | Source |
| Open Mortgage LLC | A+ | 22 | 3.0/5 | 60.0% | 1 | Source |
| Plaza Home Mortgage Inc | A+ | 24 | 3.2/5 | 64.0% | 11 | Source |
| Smartfi Home Loans | A+ | 5 | NA | NA | 0 | Source |
| South River Mortgage, LLC | A+ | 5 | 3.49/5 | 70.6% | 11 | Source |
BBB Rating: Better Business Bureau rating (A+ to F; NR = Not Rated).
Star Rating: Average customer rating out of 5 stars.
Good Review %: Percentage of reviews classified as positive.
Source: Data compiled from national rankings of top 20 HECM (Home Equity Conversion Mortgage) lenders by RMInsight. Reviews updated as of March 29, 2025.
Guild Mortgage Company: Formerly Cherry Creek LLC.
Latest Maryland Reverse Mortgage Statistics
| State | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Lenders in Maryland | Avg. Home Value |
|---|---|---|---|---|
| Maryland | 771,000 | 344 | 67 | $419,321 |
Loan Type: HECM Standard Loans Originated in Maryland
Performance Period: Loans endorsed between January 1, 2024, and December 31, 2024
Note: Includes all HECM Standard cases within the specified endorsement period.
Maryland Reverse Mortgage Lending Limits
Maryland, often called The Old Line State, is home to an estimated 6.05 million people as of 2024. Of these residents, around 378,983 are homeowners aged 62 and older, making a substantial portion of Maryland’s population potentially eligible for a reverse mortgage.
Home Values and Reverse Mortgage Options
As of January 2025, the median home value in Maryland is approximately $419,321. This value is well below the federal reverse mortgage lending limit of $1,209,750, meaning that most Maryland homeowners are eligible to benefit fully from a Home Equity Conversion Mortgage (HECM). For homeowners whose properties are valued above this limit, jumbo reverse mortgage programs offer additional access to home equity.
A Rich Historical Background
Maryland, one of the original 13 colonies, has deep historical roots that precede the United States’ founding. Established in 1632 when George Calvert, the 1st Baron Baltimore, applied for a royal charter, the Province of Maryland became the birthplace of significant American historical events. Maryland joined the Union as the seventh state on April 28, 1788, contributing to key moments such as:
- The establishment of the Mason-Dixon Line in 1763, which helped resolve boundary disputes between Maryland and Pennsylvania.
- Francis Scott Key penning the Star-Spangled Banner in 1814, inspired by Maryland’s role in the War of 1812.
- The Battle of Antietam in 1862, the bloodiest single-day battle in American history.
Maryland’s Largest Cities
Maryland’s largest city, Baltimore, has a population of approximately 611,600 and is home to Johns Hopkins University and the Johns Hopkins Hospital, both world-renowned institutions. Baltimore is also known for its rich cultural heritage, serving as the setting for works by Edgar Allan Poe, Barry Levinson, and John Waters, as well as the iconic HBO series The Wire.
The state’s capital, Annapolis, located 30 miles from Washington, D.C., is known for its beautiful waterfronts and historical significance, being home to the United States Naval Academy.
Maryland’s Climate and Economy
Maryland’s climate varies due to its geographical diversity. The western parts of the state experience cooler temperatures, with an annual average of 48°F, while the southeastern regions are warmer, averaging 59°F annually. Summers are generally hot and humid, while winters can be cold with occasional snow.
The state’s economy is driven by several key sectors, including government services, healthcare, biotechnology, and hospitality. Major employers include Marriott International, Lockheed Martin, and the Social Security Administration. Maryland’s job market continues to grow, with a 1.8% increase in employment over the past year. In 2023, Forbes ranked Maryland 26th in its Best States for Business report.
HUD-Approved Reverse Mortgage Counseling Agencies in Maryland
| Name | Agency ID | Address | Phone | Web Site |
|---|---|---|---|---|
| CECIL COUNTY HOUSING AGENCY | 84087 | SUITE 1800 200 CHESAPEAKE BLVD ELKTON, MD 21921-6653 | (410) 996-5245 | https://www.ccgov.org/government/community-services/housing |
| DRUID HEIGHTS COMMUNITY DEVELOPMENT CORP. | 80763 | 2140 MCCULLOH ST BALTIMORE, MD 21217-3529 | (410) 523-1350 | http://Www.druidheights.com |
| HARFORD COUNTY, MARYLAND | 80331 | 15 S MAIN ST BEL AIR, MD 21014-8723 | (410) 638-3045 | https://www.harfordhousing.org |
| MONEY MANAGEMENT INTERNATIONAL - SILVER SPRING | 80532 | 15847 CRABBS BRANCH WAY ROCKVILLE, MD 20855-2635 | (866) 232-9080 | http://www.moneymanagement.org |
| SALISBURY NEIGHBORHOOD HOUSING SERVICE, INC | 80881 | 560 RIVERSIDE DR STE A102 SALISBURY, MD 21801-4702 | (410) 543-4626 | http://www.salisburynhs.org |
| THE CITY OF FREDERICK | 81056 | 100 S MARKET ST FREDERICK, MD 21701-5527 | (301) 600-1506 | http://www.cityoffrederickmd.gov |
Did you know? Maryland does not mandate in-person counseling. Visit our counseling page for a list of phone-based counseling agencies, and you can conduct your required counseling from the comfort of your home.
Other Areas of Interest in Maryland
Baltimore Columbia Frederick Germantown Silver Spring
Additional Resources:
