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Compare Oklahoma's Best Reverse Mortgages!
Compare Oklahoma's Best Reverse Mortgages!
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Oklahoma'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!

Please provide your estimated home value

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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From America's #1 Rated Reverse Mortgage Lender

Top Reverse Mortgage Lenders in Oklahoma

Lender Rating Years in Business Stars (0-5) Good Review % Complaints BBB
Advisors Mortgage Group A+ 24 1.6/5 33% 5 Source
American Advisors Group (AAG) A 19 4.7/5 94% 76 Source
American Pacific Mortgage F 28 1.5/5 30% 15 Source
Ennkar Inc. A+ 13 3.6/5 73% 3 Source
Fairway Independent Mortgage A+ 27 4.8/5 96% 44 Source
Finance of America Reverse LLC (FAR) A+ 20 1/5 20% 18 Source
GoodLife Home Loans A+ 11 4.4/5 88% 1 Source
Guild Mortgage Company (Formerly Cherry Creek LLC) A+ 63 1.3/5 26% 44 Source
HighTechLending Inc A+ 18 4.9/5 98% 0 Source
Liberty Home Equity Solutions Inc. A+ 20 1.00/5 20% 3 Source
Longbridge Financial LLC A+ 11 3.9/5 79% 16 Source
Mid America Mortgage Inc. A+ 65 3.0/5 60% 0 Source
Moneyhouse A+ NA NA NA 0 Source
Movement Mortgage, LLC A+ 16 4.7/5 95% 113 Source
Mutual of Omaha Mortgage A+ 11 4.8/5 96% 58 Source
Open Mortgage LLC A+ 21 2.8/5 56% 21 Source
Plaza Home Mortgage Inc A+ 23 1.9/5 24% 26 Source
Smartfi Home Loans A+ 5 NA NA 0 Source
South River Mortgage, LLC A+ 5 2.2/5 44% 13 Source
Reviews Updated: 11/29/2023
The BBB is one of the last review sites that does not accept monetary influence in their ratings or posted reviews.
 

Oklahoma Reverse Mortgage Facts

StateHomeowners Age 62+Reverse Mortgages Closed Last 12 MonthsPurchase Reverse Mortgages Closed Last 12 MonthsLenders in OklahomaAvg. Home Value
Oklahoma 26,467 220789 $199,559

Data shown includes all cases with beginning endorsement date between January 01, 2023 and December 31, 2023

Oklahoma Lending Limits

Oklahoma lending limits

Oklahoma is the 28th most populous state in the United States and is the 20th largest in terms of land size. As of 2017, about 3,930,864 people resided in the state, with a large percent of the population concentrated around Oklahoma City and Tulsa. About 456,567 residents in the state are age 65 and older, and about 68.9% of people in the state are homeowners.

Oklahoma was added to the United States as part of the Louisiana Purchase in 1803, and in the following years it was inhabited mostly by government-relocated native tribes and ranchers. In the late 1800s, the government opened the land for white settlers who then began to set up homesteads there. In 1907, Oklahoma became the 47th state. Later, In the 1930s, Oklahoma was deeply affected by the devastating storms of the Dust Bowl, caused by strong winds and widespread drought.

Oklahoma City is the capital and is the largest city in the state with a population of 631,346 within the city limits and 1.3 million in the metro area. The city gained more than 10,000 residents in one day when it was settled as part of the 1889 Land Run. Oklahoma City boasts being home to the first parking meter and shopping cart. It also is the birthplace of actor and director Ron Howard, celebrity chef Rick Bayless, and the rock band the Flaming Lips.

After Oklahoma City, the largest cities are Tulsa, Norman, and Broken Arrow. The largest industries in the state are aerospace and defense, agriculture and biosciences; energy; information and financial services; and transportation and distribution.
The biggest companies based in Oklahoma in terms of employee numbers are Express Employment Professionals, Hobby Lobby, and Avis Budget Group.

Oklahoma has both humid subtropical and semi-arid climate classifications. Southern and eastern portions of the state are generally wetter, cloudier, and more humid than the western and northern parts of the state thanks to air moving up from the Gulf of Mexico. Generally, the state experiences long, hot summers and rather mild winters. In July, the average high temperature is 94 degrees Fahrenheit and in January, the average low is 29 degrees Fahrenheit.

The average home value in the state is $$235,200, below the federal maximum reverse mortgage lending limit of $1,149,825 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 OK:
Reversemortgage.org NRMLA Members in Oklahoma
HUD.GOV Approved Lenders Search

OK Resources: 65 and over | Oklahoma homeownership rate | S

Oklahoma Approved Reverse Mortgage Counseling Agencies

Agency NamePhoneAgency IDAddressLanguagesWebsite
LITTLE DIXIE COMMUNITY ACTION AGENCY580-326-335181906500 E Rosewood St
Hugo, Oklahoma 74743-8048
English
Spanish
www.littledixie.org
QUICKCERT, INC.888-383-8885843117122 S Sheridan Rd Ste 2-533
Tulsa, Oklahoma 74133-2748
English
Spanish
Portuguese
www.quickcert.org

Did you know? Oklahoma 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.

Oklahoma Reverse Mortgages
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