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Virginia Reverse Mortgage Lenders

Virginia is home to a lot of seniors. Their Office for Aging Services is one of the best in the country in supporting seniors who need assistance with their daily lives. Some seniors turn to a reverse mortgage, if they are fortunate enough to have that as an option to them. A reverse mortgage should only be used as a last resort if all other options have been tried. Reverse mortgage loans provide seniors monthly cash, assuming they keep their homeowners insurance up to date and maintain their home in good condition.

GMFS, LLC
866-402-2752
NRMLA #5499
Fulton Mortgage Company
866-750-8762
NRMLA #4292
Gateway Bank Mortgage, Inc.
800-507-1320
NRMLA #18475
Atlantic Bay Mortgage Group, LLC
888-667-6281
NRMLA #2679
American Advisors Group (AAG)
800-736-6725
NRMLA #5197
Urban Financial of America (UFA)
800-469-7383
NRMLA #3858
ReverseMortgage.Pro
888-588-2855
NRMLA #4873
TowneBank Mortgage
888-637-1321
NRMLA #4838
Yadkin Bank
800-853-1055
NRMLA #2659
All Reverse Mortgage Company
800-565-1722
NRMLA #4693



Most Loans By City in Virginia

Below are the most popular cities in Virginia with the number of HECM loans originated since 2017. As you can see, it is no surprise that Virginia Beach tops the list. Not too far behind are Chesapeake, Norfolk , Richmond and Portsmouth. 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 Chesapeake, the average initial principal limit was $165,625 and in Roanoke, the average was $122,310 but over in Alexandria, the average initial principal amount was $284,460.


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