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Georgia Reverse Mortgage Lenders

Georgia, known as the Peach State, is home to a number of large corporations such as Home Depot, UPS, Delta Airlines and SunTrust Banks. Reverse mortgages are especially popular choices in cities that include Atlanta, Columbus, Augusta, Macon, Savannah and Johns Creek due to the senior population who have issues with cashflow and have equity in their homes.

Reverse mortgage lenders have a huge presence within the state. Georgia is ranked 8th in population and has a huge amount of baby boomers and seniors whom the lenders are trying to educate on reverse mortgage home loans, also known as home equity conversion mortgages. Most of these folks are not eligible for a traditional mortgage because they lack income to qualify.

HECM Requirements

Advisors Mortgage Group, LLC
(800) 657-1080
NRMLA #18083
Equity Loans, LLC
877-255-3554 x200
NRMLA #12106
American Advisors Group (AAG)
NRMLA #5197
Vanguard Funding LLC
NRMLA #17044
Proficio Mortgage Ventures, LLC
NRMLA #19818
Homeowners Reverse Mortgage Center a subsidiary of CoastalStates Bank
NRMLA #19040
Generation Mortgage Company
NRMLA #4035
1st Financial Reverse Mortgages
NRMLA #1352
Premier Reverse Mortgage, LLC
NRMLA #18756
Liberty Home Equity Solutions, Inc.
NRMLA #5771

Most Loans By City in Georgia

Below are the most popular cities in the state of Georgia with the number of HECM reverse home loans originated since 2017. As you can see, it is no surprise that Atlanta tops the list. Not too far behind are Marietta, Savannah, Roswell and Lawrenceville. The average initial principal limit varies from city to city. This amount depends on the age of the borrower, property value and equity in the property. For instance, in Marietta, the average initial principal limit was $170,618 and in Woodstock, the average was $146,230 but over in Kennesaw, the average initial principal amount was $153,122.

Source: U.S. Department of Housing and Urban Development