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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.

TowneBank Mortgage
NRMLA #4838
Net Equity Financial, Inc.
800-516-0822 ext. 3543
NRMLA #4733
Fidelis Mortgage, LLC
NRMLA #4291
Atlantic Bay Mortgage Group, LLC
NRMLA #2679
Homestead Funding Corp.
NRMLA #18089
Retirement Life Funding, LLC
NRMLA #4727
Homeowners Reverse Mortgage Center a subsidiary of CoastalStates Bank
NRMLA #19040
NRMLA #5499
All Reverse Mortgage Company
NRMLA #4693
Live Well Financial, Inc.
NRMLA #3816

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