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Compare Nevada's Best Reverse Mortgages
Compare Nevada's Best Reverse Mortgages
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Nevada's #1 Reverse Mortgage

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In your current area 100 homeowners are currently utilizing reverse mortgages to better enhance their retirement years, with 500,000 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…
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If you feel this estimate is not correct you can manually change it below. If you have an existing mortgage balance, I'll need to know the amount we are going to pay off to get rid of that mortgage payment!

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If you presently have an existing mortgage balance, I'll need to know the amount we are going to pay off to get rid of that mortgage payment!
(Our calculations use estimated property values provided by Estated.com. An independent HUD-approved appraiser must complete an appraisal to finalize your loan)
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The minimum qualifying age for a reverse mortgage is 55

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.
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Your personalized results include the best of 2024's reverse mortgages
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  • Real-time interest rates
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From America's #1 Rated Reverse Mortgage Lender

 Top Reverse Mortgage Lenders in Nevada

LenderRatingYears in BusinessStars (0-5)Good Review %ComplaintsBBB Review
Advisors Mortgage GroupA+241.80/536.0%5Source
American Advisors Group (AAG)A194.70/594.0%61Source
American Pacific MortgageF281.75/535.0%13Source
Ennkar Inc.A+144.00/580.0%3Source
Fairway Independent MortgageA+284.35/587.0%38Source
Finance of America Reverse LLC (FAR)A+201.00/520.0%21Source
GoodLife Home LoansA+124.43/588.6%0Source
Guild Mortgage Company (Formerly Cherry Creek LLC)A+641.36/527.2%40Source
HighTechLending IncA+184.93/598.6%0Source
Liberty Home Equity Solutions Inc.A+211.00/520.0%3Source
Longbridge Financial LLCA+123.92/578.4%17Source
Mid America Mortgage Inc.A+653.00/560.0%0Source
MoneyhouseNRNANANA0Source
Movement Mortgage, LLCA+174.80/595.6%110Source
Mutual of Omaha MortgageA+114.71/594.2%50Source
Open Mortgage LLCA+212.60/552.0%1Source
Plaza Home Mortgage IncA+232.29/545.8%18Source
Smartfi Home LoansA+5NANA0Source
South River Mortgage, LLCA+52.62/552.4%15Source
Top 20 HECM lenders reported by https://www.rminsight.net/wp-content/uploads/2024/06/Lenders_202405.pdf. (Reviews Updated: September 15, 2024).

Nevada Reverse Mortgage Facts

StateHomeowners Age 62+Reverse Mortgages Closed Last 12 MonthsPurchase Reverse Mortgages Closed Last 12 MonthsLenders in NevadaAvg. Home Value
Nevada34,65956496154$432,527

Nevada Reverse Mortgage Lending Limits

Nevada is the 33rd most populous state in the U.S. and the 7th largest in terms of land area. As of 2024, approximately 3.18 million people reside in the state, with a significant portion of the population concentrated around Las Vegas. Of the state’s total population, around 500,000 residents are aged 62 or older. Homeownership in Nevada stands at around 55%, creating a substantial pool of residents eligible for reverse mortgage opportunities.

Historical and Cultural Overview

For at least 10,000 years, Nevada was inhabited by multiple Native American tribes before the arrival of European explorers. The Spanish were the first Europeans to claim the area, incorporating it as part of New Spain. The territory later became part of Mexico and was ceded to the United States after the Mexican-American War. Nevada was admitted as the 36th state in 1864, during the Civil War.

Key Cities and Economic Overview

Las Vegas, the largest city in Nevada, has a metropolitan population exceeding 2 million. Originally a small desert town, Las Vegas transformed in the early 20th century into the entertainment capital of the U.S., known for its casinos, nightlife, and quick marriages and divorces. Today, the city draws millions of tourists each year for gambling, concerts, and conventions. Famous residents from Las Vegas include tennis legend Andre Agassi and the rock band The Killers.

Outside of Las Vegas, Nevada’s other significant city is Reno, known as “The Biggest Little City in the World.” Nevada is a top producer of gold, making it an economic powerhouse in mining. Tourism dominates Nevada’s economy, with companies like MGM Resorts International and Las Vegas Sands among the largest employers in the state. Johnson Electric is another significant employer.

Climate and Geography

Nevada is the driest state in the U.S., with much of the land classified as desert. The climate varies between the northern and southern regions, with long, hot summers and mild winters in the south, and shorter, cooler summers in the north. The average high temperature reaches 90°F in the summer, while winter lows average around 22°F. However, extreme temperatures have ranged from 120°F to -50°F.

Reverse Mortgage Opportunities in Nevada

As of January 2024, the average home value in Nevada is $432,600, which is below the federal maximum reverse mortgage lending limit of $1,149,825. This makes many homes in Nevada eligible for HECM (Home Equity Conversion Mortgage) loans. For homeowners with properties exceeding the federal limit, jumbo reverse mortgage programs are available to provide more borrowing power.

Nevada Approved Reverse Mortgage Counseling Agencies

NameAgency IDAddressPhoneWeb Site
NEIGHBORHOOD HOUSING SERVICES OF SOUTHERN NEVADA845931849 CIVIC CENTER DR
NORTH LAS VEGAS, NV 89030-7131
(702) 649-0998http://www.nwsn.org

 

Did you know? Nevada 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 Nevada
HUD.GOV Approved Lenders Search

Author Michael Branson
About the Author, Michael G. Branson | Mike@allreverse.com
Michael G. Branson CEO, All Reverse Mortgage, Inc. and moderator of ARLO™ has 45 years of experience in the mortgage banking industry. He has devoted the past 19 years to reverse mortgages exclusively.
Nevada Reverse Mortgages
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