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Compare Oklahoma's Best Reverse Mortgages

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The minimum qualifying age for a reverse mortgage is 62. If you are within 6 months from your next birthday, I will automatically calculate you a year older.
Tip! Don’t forget to include your spouse’s age, even if they are not yet 62, as loan proceeds are always based on the age of the youngest spouse.
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Top 10 Reverse Mortgage Lenders in Oklahoma

Lender Name Years in Business Rating Stars (0-5.0) Positive Reviews Complaints BBB Reviews
Longbridge Financial, LLC 6 A+ 3.5 70% 2 Source
American Advisors Group (AAG) 14 A- 4.1 82% 53 Source
Reverse Mortgage Funding LLC 6 A+ 3.0 50% 8 Source
One Reverse Mortgage, LLC (QUICKEN)
11 A+ 3.0 50% 3 Source
Liberty Home Equity Solutions, Inc. (OCWEN) 15 A+ 2.1 42% 2 Source
Retirement Funding Solutions (RFS) 9 A+ (N/A) (N/A) 1 Source
Fairway Independent Mortgage 23 A+ 2.1 42% 21 Source
HighTech Lending Inc. 13 A- 2.0 60% 2 Source
Finance of America Reverse LLC (FAR) 15 A+ 1.0 20% 2 Source
*Source: Lender Ratings as of 04/12/2020

 

Oklahoma Reverse Mortgage Facts

StateHomeowners Age 62+Reverse Mortgages Closed Last 12 MonthsPurchase Reverse Mortgages Closed Last 12 MonthsLenders in OklahomaAvg. Home Value
Oklahoma 26,467204789$120,600

 

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 $120,600 and prices are expected to rise an additional 5.5% in the next year. Given this average, many homes fall below the federal maximum reverse mortgage lending limit of $765,600 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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