Longbridge Reverse Mortgage
Longbridge Financial ranks third by HUD-insured loans among lenders of HECMs, the FHA-insured reverse mortgage for homeowners 62 and older.
NMLS 957935: license record · CFPB complaints
In the period October 2025 to August 2026, Longbridge Financial originated 2,116 reverse mortgages. That number nearly matches the 2,258 it produced across the entire 2025 fiscal year. Loans were made in every state and DC. Longbridge has its base in Mahwah, New Jersey, and tells people it offers reverse mortgage lending plus servicing, all under one roof. Ellington Financial owns it.
Longbridge's role as a lender and servicer
After closing, a lot of reverse mortgage lenders pass the loan to a different company for servicing. A lender that services as well can retain your loan. You'll get the yearly statement and draw payouts from the same business that created your line of credit. Early on, find out who'll service the loan and how quickly you'll get a draw from your line of credit.
How to compare a quote from Longbridge
At Longbridge, the median home value came in at $403,500, and the median beginning rate was 5.75%. Ask for your offered margin in writing, since that's what drives your rate, and line it up alongside one or two more quotes. You can review them with a HUD-approved counselor.
Longbridge Financial beside the other two biggest lenders
| Measure |  Mutual of Omaha Mortgage |  Finance of America Reverse | Longbridge Financial |
|---|---|---|---|
| Loans | 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 |
Across all 22,318 HECMs in those months, the median home value was $439,000, the median principal limit $193,982 and the median starting rate 5.75%.
Is Longbridge Financial a good choice for a reverse mortgage?
HUD's loan files cannot rate service, but they do show how this lender's loans compare with everyone else's.
What counts in its favour
- Rank 3 of 1705 HECM lenders, with 2,116 loans in every state and DC: few companies have closed more of them.
- Its median starting rate, 5.75%, matched the 5.75% median for all HECMs in the same months.
- At 2,116 loans in 11 months, it is on pace for about 2,308 this fiscal year, more than the 2,258 it closed in fiscal 2025.
What to check before you sign
- Only 2.1% of its HECMs paid for a home purchase, against 5.5% across all lenders. If you are buying a home, ask how many of these it closes.
- HUD counts show how many loans a lender closes, not how it treats borrowers. Read its CFPB complaints and ask who will service the loan.
Whichever lender you pick, the loan is the same HECM: HUD's lending limit, insurance and fee caps apply to all of them, a HUD-approved counselor must talk you through it first, and your heirs never owe more than 95% of the home's appraised value to keep it (what happens after death).
In which states does Longbridge Financial do the most lending?
| State | Loans |
|---|---|
| California | 236 |
| Texas | 159 |
| Florida | 149 |
| North Carolina | 122 |
| Arizona | 84 |
Of its loans, 44 were HECM for purchase loans and 100 were refinances of an older reverse mortgage. For its license and any complaints, see NMLS 957935 and the CFPB complaint database. The counts come from HUD's monthly HECM endorsement snapshots; you can download the full lender file as a free CSV on 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.