Longbridge Reverse Mortgage
Longbridge Financial provides reverse mortgages as both a lender and a servicer, offering HECMs, the FHA-insured option for homeowners 62 and older.
From October 2025 to August 2026, HUD loan counts place it at 3 out of 1,705.
All HECMs, October 2025 through August 2026, posted a median home value of $439,000 with a median starting rate of 5.75%.
You get the same HECM estimate no matter which lender you pick. The margin and the appraisal can still make your quote come out differently.
The top states for its lending: California (236), Texas (159), Florida (149).
NMLS 957935: license record · CFPB complaints
From October 2025 to August 2026, Longbridge Financial closed 2,116 reverse mortgages. That's almost the 2,258 it closed in all of fiscal 2025. Loans were issued in every state and DC. Longbridge says it handles reverse mortgage lending and servicing all under one roof, and its headquarters are in Mahwah, New Jersey. Its owner is Ellington Financial.
What Longbridge does as a lender and servicer
Many reverse mortgage lenders send your loan to another company for servicing after you close. When a lender also services, it can keep your loan. Your yearly statement and draws come from the same company that set up your line of credit. Early on, confirm who'll handle your servicing and how quickly a line-of-credit draw reaches you.
Ways to compare a Longbridge quote
Longbridge posted a median home value of $403,500 and a median starting rate of 5.75%. Your offered margin drives the rate, so ask for it on paper and then compare it against one or two more quotes. A HUD-approved counselor can go over them with you.
How Longbridge Financial stacks up against the other top two lenders
| HUD figures |  Mutual of Omaha Mortgage |  Finance of America Reverse | Longbridge Financial |
|---|---|---|---|
| Loans in these months | 3,842 | 2,755 | 2,116 |
| Fiscal 2025 loans | 5,006 | 3,863 | 2,258 |
| Median home value | $401,500 | $415,000 | $403,500 |
| Median principal limit | $173,990 | $181,074 | $179,954 |
| Median starting rate | 5.875% | 5.625% | 5.75% |
| For purchase loans | 227 | 19 | 44 |
| Refinances | 158 | 161 | 100 |
Over those same months, all 22,318 HECMs had a median home value of $439,000, a median principal limit of $193,982 and a median starting rate of 5.75%.
Should you pick Longbridge Financial for your reverse mortgage?
Service isn't measured in HUD's loan files, but the data does compare this lender's loans with those from other companies.
Points in its favor
- Out of 1,705 HECM lenders, it sits at rank 3 with 2,116 loans across every state and DC; only two others did more.
- Its median starting rate of 5.75% is the same as the 5.75% median across all HECMs in those months.
- With 2,116 loans over 11 months, the lender is tracking toward roughly 2,308 this fiscal year, topping the 2,258 closed in fiscal 2025.
Things to verify before you sign
- Home purchases accounted for only 2.1% of its HECMs, next to 5.5% for the industry. If you're buying a home, ask how many purchase loans it closes.
- The counts from HUD tell you how many loans a lender closes, not the experience those borrowers have. Look over its CFPB complaints and ask who'll be handling your loan afterward.
The HECM doesn't vary by lender. HUD's insurance, fee caps and lending limit cover every one of them, you must first consult a HUD-approved counselor, and your heirs get to keep the home by paying 95% of the appraised value or the balance, whichever is the smaller amount (what happens after death).
Which states see the most lending from Longbridge Financial?
| State | Loans |
|---|---|
| California | 236 |
| Texas | 159 |
| Florida | 149 |
| North Carolina | 122 |
| Arizona | 84 |
Out of its total, 44 were HECM for purchase loans while another 100 refinanced an existing reverse mortgage. Check its license and any complaints through NMLS 957935 as well as the CFPB complaint database. The figures are pulled from HUD's monthly HECM endorsement snapshots. For a free CSV of the complete lender file, visit reverse mortgage companies.
Want a quote to set beside Longbridge Financial? Call (833) 962-5300. A reverse mortgage specialist answers; we are not a lender.