Reverse Mortgages in Texas: A Comprehensive Guide
If you’re a Texas 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 Texas, including key facts, the latest statistics, top lenders, and essential protections.
About All Reverse Mortgage, Inc. of Texas
At All Reverse Mortgage, Inc. (ARLO™), we’ve spent two decades serving homeowners across the nation, earning our reputation as one of the most trusted reverse mortgage providers. With an A+ rating from the Better Business Bureau and countless 5-star reviews, we’re known for offering exceptional service, competitive rates, and lower costs.
Since 2004, our mission has been to help Texas homeowners make the most of their home equity. Whether it’s paying off an existing loan, creating a safety net with a growing line of credit, or simply enjoying financial peace of mind, we provide personalized guidance every step of the way. Our team even pioneered the first fixed-rate jumbo reverse mortgage in 2008, giving us unmatched expertise in these innovative loan programs.
As a HUD-approved reverse mortgage lender, we offer both Home Equity Conversion Mortgages (HECM) and Jumbo Reverse Mortgage tailored to your unique situation. While jumbo loans can be an excellent choice for higher-value homes, they often come with lower Principal Limits. Our experts are here to help you evaluate the benefits and make the decision that’s right for your financial goals.
Across Texas, homeowners aged 62 and older are embracing reverse mortgages not as a last resort but as a sound retirement strategy. From eliminating monthly payments to accessing growing credit lines, our clients enjoy the financial freedom and stability to remain in their homes while planning for a secure future.
At All Reverse Mortgage, Inc. (ARLO™), we look forward to serving you with the professionalism, transparency, and care that have defined our company from the start.
Key Facts About Texas Reverse Mortgages
| Top 10 Reverse Mortgage Cities in Texas |
|---|
| 1 Dallas |
| 2 Houston |
| 3 Plano |
| 4 Mansfield |
| 5 Richmond |
| 6 San Antonio |
| 7 El Paso |
| 8 Austin |
| 9 Fort Worth |
| 10 Conroe |
| Data by MCA (January 2025) |
Latest 2025 Reverse Mortgage Statistics for Texas
| State | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Lenders in Texas | Avg. Home Value |
|---|---|---|---|---|
| Texas | 2.75 million | 2,036 | 56 | $299,982 |
Loan Type: HECM Standard Loans Originated in Texas
Performance Period: Loans endorsed between January 1, 2024, and December 31, 2024
Note: Includes all HECM Standard cases within the specified endorsement period.
Top 20 Reverse Mortgage Lenders in Texas
| Lender | Rating | Years in Business | Stars (0-5) | Good Review % | Complaints | BBB Review |
|---|---|---|---|---|---|---|
| All Reverse Mortgage, Inc. (ARLO) | A+ | 20 | 4.99/5 | 99.8% | 0 | 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 | 4.4355 | 87.0% | 35 | Source |
| Finance of America Reverse LLC (FAR) | A+ | 21 | 1.00/5 | 20.0% | 30 | Source |
| GoodLife Home Loans | A+ | 12 | 4.43/5 | 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% | 0 | Source |
| Liberty Home Equity Solutions Inc. | A+ | 21 | 1.00/5 | 20.0% | 2 | Source |
| Longbridge Financial LLC | A+ | 12 | 3.78/5 | 75.6% | 19 | Source |
| Mid America Mortgage Inc. | A+ | 66 | NA | NA | NA | Source |
| Moneyhouse | NR | 27 | NA | NA | 0 | Source |
| Movement Mortgage, LLC | A+ | 17 | 4.80/5 | 95.6% | 109 | Source |
| Mutual of Omaha Mortgage | A+ | 11 | 3.92/5 | 78.4% | 45 | Source |
| Open Mortgage LLC | A+ | 21 | 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 | 3.16/5 | 63.2% | 15 | Source |
2025 Texas Reverse Mortgage Lending Limits
Texas, often celebrated as the “Lone Star State,” is home to approximately 30 million residents, including more than 2.75 million homeowners aged 62 and older. This growing demographic represents a significant portion of Texans who may qualify for a reverse mortgage, offering them a practical way to access their home equity for greater financial flexibility.
As of January 2025, the average home value in Texas is $299,982, comfortably within the updated maximum reverse mortgage lending limit of $1,209,750. These higher lending limits make reverse mortgages an even more accessible option for Texas homeowners, enabling them to leverage their property’s value to meet their retirement goals.
Texas’s heritage is deeply rooted in its diverse history and cultural traditions, reflecting its early days of settlement, its period as an independent republic, and its eventual statehood in 1845. From the cool winters of the Panhandle to the warm Gulf Coast, Texas’s varied climate and vibrant regions provide a rich quality of life for retirees. The state’s attractions range from Austin’s legendary music venues to Houston’s world-class arts and cultural centers, making it an appealing place to call home during retirement.
The state’s motto, “Six Flags over Texas,” embodies its storied past under six different governments—Spain, France, Mexico, the Republic of Texas, the Confederate States of America, and the United States. Today, this unique blend of history and modern growth gives Texas homeowners a strong foundation to explore the benefits of reverse mortgages.
Essential Protections and Requirements for Texas Reverse Mortgages
In Texas, reverse mortgages are governed by both federal guidelines and additional state specific regulations to safeguard homeowners. Understanding these protections and requirements is key for anyone considering a reverse mortgage:
- Texas Constitution Safeguards:
Texas is the only state where reverse mortgages are explicitly defined and regulated by its constitution. This ensures added protections, such as limiting fees and ensuring a clear process for borrowers. - Mandatory HUD-Approved Counseling:
Before applying for a reverse mortgage in Texas, you must complete a HUD-approved counseling session. This step ensures you fully understand the loan structure and any available alternatives. - Protection Against Unnecessary Products:
State regulations prohibit lenders from tying reverse mortgages to other financial products, like annuities. This rule ensures a fair process free from undue financial pressure. - Ongoing Tax and Insurance Responsibilities:
Texas law requires lenders to notify borrowers that they must continue paying property taxes, homeowners insurance, and maintenance costs. Failure to meet these obligations could result in foreclosure. - Homestead Protections:
Texas has robust homestead laws, which protect borrowers from losing their homes due to unpaid debts outside of the reverse mortgage agreement. This added protection helps safeguard your primary residence. - Eligibility Rules for Younger Spouses:
Texas law prohibits any spouse under the age of 62 from being a borrower or a non-borrowing spouse on a reverse mortgage. Both spouses must be at least 62 years old to qualify. This strict requirement is unique to Texas and ensures compliance with the state’s reverse mortgage regulations. - Licensed and Regulated Lenders:
Reverse mortgage lenders in Texas must meet specific licensing requirements, ensuring they operate transparently and professionally.
As a fully licensed lender by the Texas Department of Savings & Mortgage Lending (License/Registration #84280), All Reverse Mortgage, Inc. (ARLO™) is here to answer your questions and provide the personalized support you need to make the best choice for your financial future.
Approved Reverse Mortgage Counseling Agencies in Texas
| Agency Name | Phone | Address | Website | Agency ID | Languages |
|---|---|---|---|---|---|
| DALLAS COUNTY HOME LOAN COUNSELING CENTER | 214-819-6060 | 2377 N Stemmons Fwy Ste 724 Dallas, Texas 75207-2710 | www.dallascounty.org | 81704 | English Spanish |
| NAVICORE SOLUTIONS- DALLAS, TX | 972-732-6767 | 17440 Dallas Pkwy Suite 134 Dallas, Texas 75287-7336 | www.transformanceusa.org | 81735 | English Spanish |
| TRANSFORMANCE (FORMERLY CCCS OF GREATER DALLAS) | 214-638-2227 | 8737 King George Drive Suite 200 DALLAS, Texas 75235-2222 | www.transformanceusa.org | 84783 | ASL English Spanish |
| TRANSFORMANCE - DALLAS | 214-638-2227 | 8737 King George Drive DALLAS, Texas 75235-2222 | www.transformanceusa.org | 80185 | English Spanish |
| HOUSING OPPORTUNITIES OF FORT WORTH | 817-923-9192 | 1065 W Magnolia Ave Fort Worth, Texas 76104-4477 | www.hud.gov | 80471 | English Spanish |
| CREDIT COALITION | 713-224-8100 | 3300 Lyons Ave # 203A Houston, Texas 77020-8252 | www.creditcoalition.org | 81768 | English Spanish |
Did you know? Texas 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.
Other Areas of Interest in Texas
Arlington Austin Conroe Corpus Christi Cypress Dallas El Paso Fort Worth Georgetown Houston Irving Mansfield North Richland Hills Plano Richmond San Antonio
Ready to take the next step?
If you’re a homeowner in Texas, All Reverse Mortgage, Inc. (ARLO™) is here to guide you every step of the way. Discover how much you may qualify for with our easy-to-use reverse mortgage calculator, or call us Toll-Free at (800) 565-1722. Let us help you unlock your home’s equity and achieve greater financial freedom today!
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