Compare Maryland's Best Reverse Mortgages
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Your Home's Value
Maryland Reverse Mortgage Lenders
|Lender||Rating||Experience||Stars (0-5)||Good Reviews||Complaints||BBB|
|Longbridge Financial LLC||A+||9||4.3||86%||7||Source|
|American Advisors Group (AAG)||B||17||4.4||89%||81||Source|
|HighTech Lending Inc||A+||15||1.0||0%||0||Source|
|Fairway Independent Mortgage||A+||25||4.9||99%||37||Source|
|Finance of America Reverse LLC (FAR)||A+||18||2.0||40%||4||Source
|Liberty Home Equity Solutions, Inc.||A+||18||2.0||40%||0||Source|
|Mutual of Omaha Mortgage||A+||8||4.8||97%||33||Source|
|Open Mortgage LLC||A+||18||2.6||52.6%||0||Source|
|Reverse Mortgage Funding LLC||A+||9||3.9||76%||15||Source|
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Maryland Reverse Mortgage Facts
|State||Homeowners Age 62+||Reverse Mortgages Closed Last 12 Months||Purchase Reverse Mortgages Closed Last 12 Months||Lenders in Maryland||Avg. Home Value|
Maryland Lending Limits
The Old Line state has a population of 6,042,718 and 378,983 of those people are homeowners age 62 and older, which means more than three hundred and fifty thousand people may be eligible for a reverse mortgage.
The median home value in Maryland is $312,500, which is much lower than the HECM reverse mortgage lending limit of $970,800.
One of the original 13 colonies, the state of Maryland’s history predates the United States. The state’s earliest seeds go back to 1632, when George Calvert, 1st Baron Baltimore, applied for a royal charter to create the Province of Maryland. The region was granted statehood on April 28, 1788, thus beginning a long and storied portion of American history.
Among the more notable early chapters in Maryland’s history, pre- and post-statehood, include the 1763 creation of the Mason-Dixon Line, the Maryland-inspired penning of the Star-Spangled Banner in 1814, the Battle of Antietam in 1862, and the flight training exercises by Wilbur Wright that helped create the world’s oldest continually operating airport.
Today, with approximately 611,600 residents, Baltimore is Maryland’s largest city and home to the groundbreaking Johns Hopkins University and the Johns Hopkins Hospital. In popular culture, the city is the proud home of Edgar Allan Poe and now known for the films of Barry Levinson and John Waters and the HBO television show The Wire. The capital of Maryland is Annapolis, located about 30 miles east of Washington, D.C.
With a variety of geographical forces at play, Maryland’s climate is rather diverse. Though the state on a whole ranks 20th in the U.S. in average temperature, individual sections of the state range from an annual average of 48 degrees in the western portion to 59 in the southeast.
Along with Baltimore and Columbia, the largest cities and census-designated places in Maryland are Germantown, Silver Spring and Waldorf. The state’s economy improved nominally in 2017, with job growth up 1.8%. Forbes ranked the state 26th in its Best States for Business rankings. Maryland still provides workers with opportunities at some of the country’s most successful businesses; Marriott International, Lockheed Martin and the Social Security Administration are all based in Maryland.Reference:
Maryland home values
Other Areas of Interest in Maryland
Maryland Reverse Mortgage Counseling Agencies
|Agency Name||Phone||Address||Website||Agency ID||Languages|
|DRUID HEIGHTS COMMUNITY DEVELOPMENT CORP.||410-523-1350||2140 McCulloh St|
Baltimore, Maryland 21217-3529
|GUIDEWELL FINANCIAL SOLUTIONS, INC||443-451-1689||757 Frederick Rd|
Baltimore, Maryland 21228-4500
|SOUTHEAST COMMUNITY DEVELOPMENT CORPORATION||410-342-3234||3323 Eastern Ave|
Baltimore, Maryland 21224-4109
|HARFORD COUNTY HOUSING AGENCY||410-638-3045||15 S Main St Ste 106|
Bel Air, Maryland 21014-8723
|CECIL COUNTY HOUSING AGENCY||410-996-8216||200 Chesapeake Blvd Ste 1800|
Elkton, Maryland 21921-6682
|FREDERICK COMMUNITY ACTION AGENCY||301-600-1506||100 S Market St|
FREDERICK, Maryland 21701-5527
|WASHINGTON COUNTY COMMUNITY ACTION COUNCIL (WCCAC)||301-797-4161||117 Summit Ave|
Hagerstown, Maryland 21740-5508
|HOUSING INITIATIVE PARTNERSHIP, INC. (HIP)||301-699-3835||6525 Belcrest Road|
HYATTSVILLE, Maryland 20782-2003
|ASIAN -AMERICAN HOMEOWNERSHIP COUNSELING INC.||301-760-7636||12320 Parklawn Drive|
ROCKVILLE, Maryland 20852-1726
Did you know? California state does not mandate in-person counsleing. Visit our counseling page for a list of phone-based counseling agencies and conduct your required counseling from the comfort of your home.