X
Compare Texas' Best Reverse Mortgages
Compare Texas' Best Reverse Mortgages
Close Menu

Texas #1 Rated Reverse Mortgage

Get Your Free Instant Quote, Real-Time Rates, and Expert Guidance You Can Trust!
See If You Qualify in Seconds
ARLO

ARLO

Reverse Mortgage Calculator
Loading...
(may take up to 15 seconds)
|
|
|
|

Let’s find out how a reverse mortgage can work for you. Over 500,000 homeowners nationwide - and 100 in your area are already enjoying more financial security in retirement!

Your home’s value is key to unlocking your reverse mortgage funds. I’ll use it - along with your age and current rates - to estimate what you could receive. Don’t worry, this is just a starting point!
‹ Back

Great! It looks like your home value estimate is about

I used an online estimate for this value, but you’re in control - tweak it if it’s off! (A HUD-approved appraisal will confirm everything later.) Adding your mortgage balance helps me show you how much extra cash you could free up by eliminating that 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)
‹ Back

The minimum qualifying age for a reverse mortgage is 55

You qualify at 55 or older, and your age determines your loan amount. Include your spouse’s age (even if under 55) since we base proceeds on the youngest partner - it’s all about maximizing your benefits!
Your Age
Spouse Age
‹ Back

I’m ARLO, here with my best product recommendations and expert tips tailored for you. Just share your email and phone, and I’ll send your personalized analysis securely - 100% free, with no obligation!

Welcome to Your Personalized Results!
  • ARLO’s Top 2025 Reverse Mortgage Picks
  • Tailored Loan Comparisons
  • Live Interest Rates
  • Expert Tips to Choose the Best Fit
Claim Your Free Analysis Now!
(Needed to validate request)
‹ Back
2021 BBB Torch Award Finalist
Best Reverse Mortgage Lender
Best Reverse Mortgage Website
Best Reverse Mortgage Website
Michael G. Branson 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)
Cliff Auerswald 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)

Reverse Mortgages in Texas: A Comprehensive Guide

Nearly 3 million Texas homeowners over 62 have untapped home equity, yet rising living costs and economic uncertainty make retirement planning more challenging than ever.  Since 2020, Texas home values have increased by 122%, making home equity one of the most valuable financial resources available to retirees.

Could a reverse mortgage help you achieve a more secure retirement? In this guide, we’ll break down everything you need to know about reverse mortgages in Texas—including key facts, 2025 lending limits, top lenders, and essential borrower protections.

texas reverse mortgage lenders map

How Does a Reverse Mortgage Work in Texas? (2025 Guide)

A reverse mortgage is a special type of home loan for homeowners 62 and older that allows them to convert part of their home’s equity into cash—without monthly mortgage payments.

Instead of making payments to the lender, the lender pays you based on the value of your home.  The loan is repaid only when:

  • You sell the home,
  • You move out permanently, or
  • The last borrower passes away.

In Texas, reverse mortgages are regulated by both federal and state laws, ensuring borrower protections and strict guidelines on fees and eligibility.

 

Types of Reverse Mortgages Available in Texas

There are 3 main types of reverse mortgages:

  1. Home Equity Conversion Mortgage (HECM) – The most common type, insured by the FHA and backed by HUD.  No restrictions on how you use the funds.
  2. Jumbo Reverse Mortgage – Designed for homes above FHA lending limits ($1,209,750 in 2025).  These are not FHA-insured but allow larger loan amounts.
  3. HECM for Purchase (Reverse Mortgage for Buying a Home) – Allows retirees to buy a new home using a reverse mortgage while eliminating monthly mortgage payments.

 

Who Qualifies for a Reverse Mortgage in Texas?

To be eligible for a reverse mortgage in Texas, you must meet these requirements:

  • Age: You must be 62 or older (both spouses if married).
  • Homeownership: The home must be your primary residence (vacation homes and rentals don’t qualify).
  • Equity: You must have substantial home equity—typically at least 50% or more.
  • Property Type: The home must be a single-family residence, HUD-approved condo, townhouse, or a multi-unit property (up to four units) where you live in one unit.
  • Financial Requirements: You must continue to maintain property taxes and homeowners insurance.
  • Mandatory HUD Counseling: Texas law requires borrowers to complete HUD-approved reverse mortgage counseling before applying.

 

Benefits of a Reverse Mortgage in Texas

A reverse mortgage can offer several financial advantages for Texas homeowners:

  • Tax-Free Funds – Since the money comes from home equity, it is not taxable income.
  • Stay in Your Home – You keep ownership of your home as long as you meet loan requirements.
  • No Monthly Mortgage Payments – Unlike traditional loans, you don’t make monthly payments unless you choose to voluntarily.
  • Flexible Payout Options – Choose a lump sum, line of credit, or monthly payments based on your needs.
  • Non-Recourse Loan Protection – You (or your heirs) never owe more than your home’s value, even if the balance exceeds the home’s worth when sold.

 

Is a Reverse Mortgage a Good Idea for Texas Homeowners?

A reverse mortgage can be a great financial tool, but it’s not for everyone.  Here are some common situations where it makes sense:

  • You need extra income for retirement but don’t want to sell your home.
  • You have substantial home equity and want to tap into it without monthly payments.
  • You plan to stay in your home long-term and can cover taxes & insurance.
  • You want a flexible line of credit that grows over time.

 

Latest Reverse Mortgage Statistics for Texas

StateHomeowners Age 62+Reverse Mortgages Closed Last 12 MonthsLenders in TexasAvg. Home Value
Texas2.75 million2,03656$299,982
HECM Data source: https://entp.hud.gov/sfnw/public/
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 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)

 

Top 20 Reverse Mortgage Lenders in Texas

LenderBBB RatingYears in BusinessStar Rating (0–5)Good Review %ComplaintsSource
All Reverse Mortgage, Inc. (ARLO)A+204.99/599.8%0Source
Advisors Mortgage GroupA+251.00/520.0%6Source
Atlantic Avenue Mortgage LLCB+24.94/598.8%2Source
American Pacific MortgageF281.75/535.0%11Source
Ennkar Inc.A+144.00/580.0%1Source
Fairway Independent MortgageA+284.43/588.6%32Source
Finance of America Reverse LLC (FAR)A+211.00/520.0%35Source
GoodLife Home LoansA+125.0/588.6%0Source
Guild Mortgage Company (Formerly Cherry Creek LLC)A+641.36/527.2%29Source
HighTechLending IncA+184.93/598.6%1Source
Liberty Home Equity Solutions Inc.A+211.00/520.0%2Source
Longbridge Financial LLCA+123.67/573.4%21Source
Mid America Mortgage Inc.A+66NANANASource
MoneyhouseNR27NANA0Source
Movement Mortgage, LLCA+174.82/596.2%100Source
Mutual of Omaha MortgageA+111.46/529.2%49Source
Open Mortgage LLCA+223.0/560.0%1Source
Plaza Home Mortgage IncA+243.2/564.0%11Source
Smartfi Home LoansA+5NANA0Source
South River Mortgage, LLCA+53.49/570.6%11Source
Notes:
BBB Rating: Better Business Bureau rating (A+ to F; NR = Not Rated).
Star Rating: Average customer rating out of 5 stars.
Good Review %: Percentage of reviews classified as positive.
Source: Data compiled from national rankings of top 20 HECM (Home Equity Conversion Mortgage) lenders by RMInsight. Reviews updated as of March 29, 2025.
Guild Mortgage Company: Formerly Cherry Creek LLC.

 

 

Texas Reverse Mortgage Borrower Protections & Laws

Texas has some of the strongest borrower protections in the U.S.:

  • Constitutional Protections – Reverse mortgages are explicitly regulated under Texas law to protect homeowners.
  • Mandatory Counseling – All borrowers must complete a HUD-approved counseling session before applying.
  • Non-Recourse Protection – You’ll never owe more than your home is worth at the time of sale.
  • Homestead Exemption – Texas protects reverse mortgage borrowers from creditors outside the mortgage agreement.
  • Spousal Protections – Unlike other states, Texas requires both spouses to be at least 62 to qualify.\

 

Texas has additional reverse mortgage regulations: Unlike other states, Texas added reverse mortgage laws to its state constitution, providing extra borrower protections.

 

How to Apply for a Reverse Mortgage in Texas

  1. Free Consultation – Speak with a licensed reverse mortgage expert to explore your options.
  2. HUD Counseling – Complete the required HUD-approved reverse mortgage counseling.
  3. Application & Documentation – Submit your loan application and property documents.
  4. Home Appraisal – A licensed appraiser will determine your home’s value.
  5. Loan Approval & Closing – Once approved, you’ll sign the final documents.
  6. Receive Your Funds – After the mandatory 3-day waiting period, your funds will be disbursed

 

HUD-Approved Reverse Mortgage Counseling Agencies in Texas

Agency NameAgency IDPhoneAddressWebsiteLanguages
CREDIT COALITION HECM-HOPE90347713-224-81003300 Lyons Ave # 203A
Houston, Texas 77020-8252
creditcoalition.org
English
Spanish
DALLAS COUNTY HOME LOAN COUNSELING CENTER81704214-819-60602377 N Stemmons Fwy Ste 724
Dallas, Texas 75207-2710
dallascounty.orgEnglish
Spanish
HOUSING OPPORTUNITIES OF FORT WORTH80471817-923-91921065 W Magnolia Ave
Fort Worth, Texas 76104-4477
hud.govEnglish
Spanish
MONEY MANAGEMENT INTERNATIONAL - HOUSTON82423(866) 232-908012603 Southwest Freeway Suite 450 Mb 8, Stafford, Texas, 77477moneymanagement.orgEnglish
Spanish
NAVICORE SOLUTIONS- DALLAS, TX81735972-732-676717440 Dallas Pkwy
Suite 134
Dallas, Texas 75287-7336
navicoresolutions.orgEnglish
Spanish
TRANSFORMANCE (FORMERLY CCCS OF GREATER DALLAS)84783214-638-22278737 King George Drive
Suite 200
DALLAS, Texas 75235-2222
transformanceusa.orgASL
English
Spanish
The information presented in this table was obtained from the U.S. Department of Housing and Urban Development (HUD) at https://answers.hud.gov/housingcounseling as of February 23rd, 2025.

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.

 

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 Unlock Your Home’s Equity?

As Texas’s #1 Rated Reverse Mortgage Lender, All Reverse Mortgage, Inc. (ARLO™) is here to provide trusted guidance, real-time rates, and expert support to help you make informed decisions.

✔  No obligations. Just real-time rates and expert advice.
✔  Instant quote. No personal info required.
✔  Licensed experts. Get clear, honest answers.

As a fully licensed lender by the Texas Department of Savings & Mortgage Lending (License #84280), we’re committed to helping you secure the retirement you deserve.

Get Your Free Quote from Texas’s #1 Rated Reverse Mortgage Lender! Use our reverse mortgage calculator, or call (800) 565-1722 to speak with a friendly expert today.

 

Additional Resources:

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 20 years to reverse mortgages exclusively.
Texas Reverse Mortgage Lenders
User rating
(37 votes, average: 4.86 out of 5)
How Do You Rate This Page?
  Sending Your Rating...