HECM Reverse Mortgage | DirectLenderMatch

What is it?

DirectLenderMatch classifies HECM Reverse Mortgage under the financing form “Reverse mortgage.” Its typical use in this directory is: Convert eligible home equity to proceeds without regular principal-and-interest payments.

How does it work?

The structure is generally evaluated, supported, or secured using the following basis: Home equity; age/eligibility. Exact underwriting, eligibility, terms, and availability are provider-specific and can change.

What can it be used for?

Convert eligible home equity to proceeds without regular principal-and-interest payments.

What backs or supports it?

Home equity; age/eligibility.

Why does this structure exist?

This structure provides a defined way to address the financing need described above. The provider, transaction, collateral, and underwriting context determine how the structure is implemented in practice.

Important considerations

Confirm current costs, risks, licensing, eligibility, collateral treatment, recourse, tax consequences, and availability directly with the provider and appropriate professional advisers. DirectLenderMatch does not compare rates or recommend products.

Is this actually a loan?

Loan or credit structure

Workbook classification: Yes. Financing forms such as leases, purchases, shared equity, advances, and guarantees may solve a funding need without being conventional loans.

Verified lenders or providers

Direct reverse-mortgage lender

Longbridge Financial, LLC

Longbridge currently originates HECM reverse mortgages and HECM for Purchase.

Official evidence page →

Last verified: 2026-08-23

Direct reverse-mortgage lender

Finance of America

Finance of America offers FHA-insured Home Equity Conversion Mortgages.

Official evidence page →

Last verified: 2026-08-24

Other sources & comparison

DirectLenderMatch lists providers whose offerings have been individually documented, but the list is not exhaustive. Banks, credit unions, mortgage lenders, mortgage brokers, and other locally or nationally licensed providers may offer this type of financing. Availability, eligibility, and program terms vary by provider and location.

Financing terms can differ between sources. An initial offer is not necessarily the only available option. Reviewing more than one source can help show differences in rates, fees, repayment terms, eligibility requirements, collateral treatment, and other conditions.