We’ve gathered this collection of important resources for seniors living in the state of Iowa. This page includes:
- Updated data on reverse mortgage originations and interest rates
- HUD Approved Counseling Agencies
- Local HUD offices
We hope that you find this information useful.
The Top Reverse Mortgage Lenders in Iowa
We’ve compiled a list of the largest HECM orginators in Iowa, including an updated list to the highlight the leaders since 2012. Please note that these are not recommendations, and we encourage you to thoroughly research whichever companies you decide to consider.
All Time
| Lender | Loans | Total Principal Limit |
|---|---|---|
| WELLS FARGO | 1,709 | 211,093,218 |
| AMERICAN ADVISORS GROUP | 665 | 102,178,037 |
| FINANCIAL FREEDOM SENIOR FUNDING CORP | 222 | 23,161,622 |
| ONE REVERSE MORTGAGE LLC | 221 | 31,562,900 |
| REVERSE MORTGAGE SOLUTIONS INC | 209 | 28,319,330 |
| SYNERGY ONE LENDING INC. | 168 | 36,791,584 |
| LIBERTY HOME EQUITY SOLUTIONS INC | 166 | 23,160,500 |
| FINANCE OF AMERICA REVERSE LLC | 164 | 24,443,100 |
| METLIFE BANK NATIONAL ASSOCIATION | 145 | 19,726,150 |
| MUTUAL OF OMAHA MORTGAGE INC. | 113 | 35,589,099 |
| NATIONWIDE ADVANTAGE MORTGAGE COMPANY | 83 | 5,995,210 |
| GENERATION MORTGAGE COMPANY | 74 | 9,442,500 |
| SECURITY ONE LENDING | 73 | 10,349,900 |
| REVERSE MORTGAGE USA INC | 73 | 10,189,700 |
| CHERRY CREEK MORTGAGE CO INC | 51 | 9,204,446 |
| LIVE WELL FINANCIAL INC | 47 | 6,638,550 |
| BANK OF AMERICA | 43 | 7,589,108 |
| CHALLENGE FINANCIAL INVESTORS CORP | 37 | 4,073,420 |
| LONGBRIDGE FINANCIAL LLC | 36 | 8,095,775 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 31 | 6,890,043 |
Since 2012
| Lender | Loans | Total Principal Limit |
|---|---|---|
| AMERICAN ADVISORS GROUP | 624 | 97,026,537 |
| REVERSE MORTGAGE SOLUTIONS INC | 201 | 27,420,330 |
| ONE REVERSE MORTGAGE LLC | 184 | 26,987,500 |
| SYNERGY ONE LENDING INC. | 168 | 36,791,584 |
| LIBERTY HOME EQUITY SOLUTIONS INC | 155 | 22,098,000 |
| MUTUAL OF OMAHA MORTGAGE INC. | 113 | 35,589,099 |
| FINANCE OF AMERICA REVERSE LLC | 72 | 13,967,500 |
| LIVE WELL FINANCIAL INC | 40 | 5,983,050 |
| LONGBRIDGE FINANCIAL LLC | 36 | 8,095,775 |
| REVERSE MORTGAGE USA INC | 34 | 5,210,000 |
Iowa Reverse Mortgage Rates
Most lenders do not publish interest rates, but each month the US Department of Housing and Urban Development (HUD) releases data on all originations in the country. Using this information, we’ve put together this list of average fixed and adjustable interest rates on HECM loans originated in IA. Although we cannot guarantee these are the rates available to you – they’re just averages, after all – this should provide a benchmark as you do your comparison shopping.
Current Rates
| Date | Fixed Rate | Adjustable Rate |
|---|---|---|
| 2019-01-01 | NA | 4.49% |
| 2019-02-01 | NA | 5.27% |
| 2019-03-01 | NA | 5.04% |
| 2019-04-01 | NA | 5.03% |
| 2019-05-01 | NA | 4.87% |
| 2019-06-01 | NA | 4.90% |
| 2019-07-01 | NA | 4.57% |
| 2019-08-01 | NA | 4.34% |
| 2019-09-01 | NA | 4.74% |
| 2019-10-01 | NA | 4.85% |
| 2019-11-01 | NA | 4.82% |
| 2019-12-01 | NA | 4.54% |
| 2020-01-01 | NA | 4.31% |
| 2020-02-01 | NA | 4.00% |
| 2020-03-01 | NA | 4.71% |
| 2020-04-01 | NA | 3.88% |
| 2020-05-01 | NA | 3.80% |
| 2020-06-01 | NA | 3.77% |
| 2020-07-01 | NA | 3.30% |
| 2020-08-01 | NA | 3.46% |
| 2020-09-01 | 3.68% | 3.24% |
| 2020-10-01 | NA | 3.13% |
| 2020-11-01 | NA | 2.84% |
| 2020-12-01 | 3.52% | 2.90% |
| 2021-01-01 | NA | 3.10% |
| 2021-02-01 | 3.81% | 3.21% |
| 2021-03-01 | NA | 2.74% |
| 2021-04-01 | 3.56% | 2.65% |
| 2021-05-01 | 3.56% | 2.71% |
| 2021-06-01 | 4.31% | 2.53% |
| 2021-07-01 | NA | 2.19% |
| 2021-08-01 | NA | 2.33% |
| 2021-09-01 | 3.43% | 2.30% |
| 2021-10-01 | 3.75% | 2.39% |
| 2021-11-01 | NA | 2.42% |
| 2021-12-01 | NA | 2.50% |
| 2022-01-01 | NA | 2.71% |
| 2022-02-01 | NA | 2.78% |
| 2022-03-01 | NA | 3.39% |
| 2022-05-01 | NA | 4.69% |
| 2022-04-01 | 3.18% | 3.60% |
| 2022-06-01 | NA | 4.47% |
| 2022-07-01 | NA | 4.20% |
| 2022-08-01 | 4.31% | 5.28% |
| 2022-09-01 | 5.68% | 6.23% |
| 2022-10-01 | NA | 5.75% |
| 2022-11-01 | NA | 6.33% |
| 2022-12-01 | 7.18% | 7.36% |
| 2023-01-01 | NA | 7.55% |
| 2023-02-01 | NA | 7.58% |
| 2023-03-01 | 5.81% | 7.25% |
| 2023-04-01 | NA | 6.14% |
| 2023-05-01 | NA | 6.97% |
| 2023-06-01 | NA | 7.41% |
| 2023-07-01 | NA | 7.51% |
| 2023-08-01 | NA | 7.84% |
| 2023-09-01 | NA | 7.76% |
| 2023-10-01 | NA | 8.01% |
| 2023-11-01 | NA | 7.78% |
| 2023-12-01 | NA | 7.77% |
| 2024-01-01 | NA | 7.46% |
| 2024-02-01 | NA | 7.04% |
Historic Rates
| Date | Fixed Rate | Adjustable Rate |
|---|---|---|
| 2016-01-01 | 5.06% | 3.61% |
| 2016-02-01 | 4.45% | 3.85% |
| 2016-03-01 | 5.06% | 3.85% |
| 2016-04-01 | 5.06% | 3.89% |
| 2016-05-01 | 5.06% | 4.13% |
| 2016-06-01 | 4.75% | 4.09% |
| 2016-07-01 | 4.87% | 4.18% |
| 2016-08-01 | 5.01% | 4.31% |
| 2016-09-01 | 5.06% | 4.50% |
| 2016-10-01 | 5.06% | 4.75% |
| 2016-11-01 | NA | 4.67% |
| 2016-12-01 | 5.05% | 4.87% |
| 2017-01-01 | 4.78% | 4.76% |
| 2017-02-01 | 5.06% | 4.82% |
| 2017-03-01 | 5.02% | 4.61% |
| 2017-04-01 | 4.75% | 4.64% |
| 2017-05-01 | NA | 4.52% |
| 2017-06-01 | 5.06% | 4.55% |
| 2017-07-01 | 5.04% | 4.44% |
| 2017-08-01 | 5.06% | 4.49% |
| 2017-09-01 | 5.06% | 4.50% |
| 2017-10-01 | 5.06% | 4.46% |
| 2017-11-01 | 5.06% | 4.66% |
| 2017-12-01 | 5.06% | 4.74% |
| 2018-01-01 | 5.06% | 4.70% |
| 2018-02-01 | 5.06% | 4.70% |
| 2018-03-01 | 4.75% | 4.57% |
| 2018-04-01 | 5.06% | 4.70% |
| 2018-05-01 | NA | 4.76% |
| 2018-06-01 | NA | 4.92% |
| 2018-07-01 | 5.18% | 5.00% |
| 2018-08-01 | NA | 4.82% |
| 2018-09-01 | NA | 4.95% |
| 2018-10-01 | NA | 5.08% |
| 2018-11-01 | NA | 5.45% |
| 2018-12-01 | 4.80% | 4.84% |
Top Cities by Reverse Mortgage Origination
| Rank | City | Zip | Total |
|---|---|---|---|
| 1 | DES MOINES | 50315 | 115 |
| 2 | DES MOINES | 50310 | 114 |
| 3 | DES MOINES | 50317 | 112 |
| 4 | COUNCIL BLUFFS | 51501 | 95 |
| 5 | COUNCIL BLUFFS | 51503 | 94 |
| 6 | CLINTON | 52732 | 91 |
| 7 | BETTENDORF | 52722 | 89 |
| 8 | MASON CITY | 50401 | 87 |
| 9 | WEST DES MOINES | 50265 | 82 |
| 10 | URBANDALE | 50322 | 70 |
| 11 | MARSHALLTOWN | 50158 | 68 |
| 12 | CEDAR FALLS | 50613 | 66 |
| 13 | WATERLOO | 50701 | 66 |
| 14 | MUSCATINE | 52761 | 60 |
| 15 | DAVENPORT | 52804 | 59 |
| 16 | ANKENY | 50021 | 57 |
| 17 | CEDAR RAPIDS | 52402 | 56 |
| 18 | SIOUX CITY | 51106 | 55 |
| 19 | CEDAR RAPIDS | 52404 | 55 |
| 20 | DAVENPORT | 52806 | 54 |
| 21 | OTTUMWA | 52501 | 53 |
| 22 | ANKENY | 50023 | 52 |
| 23 | FORT DODGE | 50501 | 48 |
| 24 | DAVENPORT | 52803 | 47 |
| 25 | NEWTON | 50208 | 46 |
| 26 | MARION | 52302 | 45 |
| 27 | CEDAR RAPIDS | 52405 | 44 |
| 28 | BOONE | 50036 | 44 |
| 29 | INDIANOLA | 50125 | 44 |
| 30 | WATERLOO | 50702 | 43 |
HECM Counseling Agencies in IA
CCCS OF NORTHEASTERN IOWA
1003 W 4TH ST, WATERLOO, IA 50702-2803
(319) 234-0661
http://www.cccsia.org
FAMILY MANAGEMENT FINANCIAL SOLUTIONS, INC.
359 ROCK ISLAND AVE, WATERLOO IA 50701-5301
(319) 234-6695
http://www.family-finance.org
Local HUD Offices
Des Moines Field Office
210 Walnut Street Room 937
Des Moines, IA 50309-2155
Office Hours: 8am to 4:30pm, Monday thru Friday
Phone: (515) 284-4512
Fax: (515) 284-4743
