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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) |
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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
Cliff AuerswaldReverse Mortgages in Nebraska: A Comprehensive Guide
If you’re a Nebraska 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 Nebraska, including key facts, the latest statistics, top lenders, and essential protections.
Top Reverse Mortgage Lenders in Nebraska
| 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% | 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% | 34 | 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 | 3.33/5 | 66.6% | 44 | Source |
| Open Mortgage LLC | A+ | 22 | 2.60/5 | 52.0% | 1 | Source |
| Plaza Home Mortgage Inc | A+ | 24 | 2.47/5 | 49.4% | 13 | Source |
| Smartfi Home Loans | A+ | 5 | NA | NA | 0 | Source |
| South River Mortgage, LLC | A+ | 5 | 3.22/5 | 634.4% | 13 | Source |
Latest Nebraska Reverse Mortgage Statistics
| State | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Lenders in Nebraska | Avg. Home Value |
|---|---|---|---|---|
| Nebraska | 264,000 | 78 | 7 | $257,064 |
Loan Type: HECM Standard Loans Originated in Nebraska
Performance Period: Loans endorsed between January 1, 2024, and December 31, 2024
Note: Includes all HECM Standard cases within the specified endorsement period.
Nebraska Reverse Mortgage Lending Limits
Nebraska is the 37th most populous state in the United States and the 16th largest in terms of land area. As of 2024, the state is home to around 1.9 million people, with a large portion of the population residing in its biggest cities. Approximately 295,691 residents in Nebraska are aged 65 and older, and around 66.1% of people in the state are homeowners, creating a substantial population that may benefit from reverse mortgage opportunities.
Historical Overview
Before European exploration, Nebraska was home to various Native American tribes, including the Omaha, Ponca, and Pawnee. Although the land was part of the Louisiana Purchase in 1803, major white settlement didn’t begin until the Oregon Trail and California Gold Rush in the mid-1800s. Nebraska became the 37th state in 1867.
Key Cities and Economic Highlights
Omaha, Nebraska’s largest city, boasts a population of 466,893 as of 2024. The city’s roots date back to the War of 1812 when it was a fur trading post. Today, Omaha is home to several Fortune 500 companies, including Berkshire Hathaway and Union Pacific. It has been the birthplace of notable figures such as Warren Buffett, Fred Astaire, and Marlon Brando, as well as the origin of TV dinners and Kool-Aid (invented in Hastings in 1927).
Lincoln, the state capital, and Bellevue are the next largest cities. Nebraska’s economy thrives on agriculture, finance, insurance, and transportation industries. Forbes ranked Nebraska 4th on its list of ‘Best Places to Do Business.’
Climate and Lifestyle in Nebraska
Nebraska experiences four distinct seasons, classified under a continental climate. Summers are typically hot, with average highs in July reaching 88°F, while winters can be extremely cold, with average lows in January dropping to 12°F. The state is also prone to blizzards, droughts, and windstorms.
Reverse Mortgage Opportunities in Nebraska
As of January 2024, the average home value in Nebraska is $257,064, which is comfortably below the federal reverse mortgage lending limit of $1,209,750 for HECM (Home Equity Conversion Mortgage) loans. This makes most homes in the state eligible for reverse mortgage programs. For homeowners with higher-valued properties, jumbo reverse mortgage programs are available to tap into additional home equity above the federal limit.
Nebraska Approved Reverse Mortgage Counseling Agencies
| NO RECORDS MATCHED YOUR SELECTION CRITERIA |
Did you know? Nebraska 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.
Top Lender Resources in NE:
Reversemortgage.org NRMLA Members in Nebraska
HUD.GOV Approved Lenders Search
