Texas Reverse Mortgage

Texas is the second most populous state in America with a population of over 25 million. Around 3.8 million Texans are 60 or older, a number that is expected to grow to over 12 million by 2050. Because many of these seniors are homeowners with significant home equity built up, the reverse mortgage market in Texas is one of the largest in the United States.

On this page, you will find data and statistics designed to help you understand the larger lenders in the state, prevailing interest rates, and a variety of other resources available to seniors in Texas, such as HUD approved housing counselors.

Want to learn more? Click here to get free information about a Texas reverse mortgage!

Top Texas Reverse Mortgage Lenders

Nearly 60,000 home equity conversion mortgage (HECM) loans have been originated in TX, the third highest amount in the country behind California and Florida. Below, you will find the top lenders of all time and the top since 2012, when Bank of America and Wells Fargo exited the reverse mortgage business.

All Time Leaders for Texas:

Lender Loans Total Principal Limit
WELLS FARGO 11032 1492381044
AMERICAN ADVISORS GROUP 4729 835270519
ONE REVERSE MORTGAGE LLC 4042 603701242
1ST AAA REVERSE MORTGAGE INC 3308 430062187
FINANCIAL FREEDOM SENIOR FUNDING CORP 2794 332342680
BANK OF AMERICA 1925 299899029
GRIFFIN FINANCIAL MORTGAGE LLC 1886 201423646
FINANCE OF AMERICA REVERSE LLC 1787 315190481
REVERSE MORTGAGE USA INC 1376 211950970
METLIFE BANK NATIONAL ASSOCIATION 1275 221097800
MONTGOMERY MORTGAGE INC 1128 149223146
LIBERTY HOME EQUITY SOLUTIONS INC 1120 201725195
1ST AA REVERSE MORTGAGE INC 967 145678350
ASPIRE FINANCIAL INC 961 147370400
NETWORK FUNDING LP 920 155532699
JUDITH O SMITH MORTGAGE GROUP INC 912 117584183
GENERATION MORTGAGE COMPANY 835 132341205
REVERSE MORTGAGE SOLUTIONS INC 761 132883850
CHERRY CREEK MORTGAGE CO INC 659 103320898
RELIANCE MORTGAGE CO 655 80227510

Since 2012, the Top Reverse Mortgage Companies in Texas:

Lender Loans Total Principal Limit
AMERICAN ADVISORS GROUP 4051 735070169
ONE REVERSE MORTGAGE LLC 1958 317494345
LIBERTY HOME EQUITY SOLUTIONS INC 1035 188103395
FINANCE OF AMERICA REVERSE LLC 914 185870856
REVERSE MORTGAGE SOLUTIONS INC 659 115931950
PROFICIO MORTGAGE VENTURES LLC 478 90406176
REVERSE MORTGAGE USA INC 472 81130320
REVERSE MORTGAGE FUNDING LLC 453 90902260
ASPIRE LENDING 416 73900280
CHERRY CREEK MORTGAGE CO INC 407 65848853

Want to learn more? Click here to get free information about a reverse mortgage in Texas!

Interest Rates

Every month, HUD reports every reverse mortgage from the HECM program that is originated in Texas. Below, you will find the average rate for fixed and adjustable rate loans over the past one year+. Since it is often difficult to find these interest rates online, we hope that this table will prove useful to you.

Date Fixed Rate Adjustable Rate
01/01/15 4.99% 2.83%
02/01/15 5.00% 2.86%
03/01/15 5.01% 2.95%
04/01/15 5.00% 3.03%
05/01/15 4.99% 3.11%
06/01/15 5.02% 3.16%
07/01/15 4.98% 3.22%
08/01/15 4.95% 3.21%
09/01/15 4.94% 3.17%
10/01/15 5.02% 3.21%
11/01/15 4.98% 3.26%
12/01/15 4.99% 3.40%
01/01/16 4.98% 3.46%
02/01/16 4.97% 3.69%
03/01/16 4.99% 3.83%
04/01/16 5.02% 3.98%
05/01/16 4.92% 4.06%
06/01/16 5.01% 4.17%
07/01/16 5.00% 4.26%
08/01/16 4.92% 4.33%
09/01/16 5.00% 4.47%
10/01/16 4.97% 4.63%
11/01/16 4.94% 4.71%
12/01/16 4.89% 4.79%
01/01/17 5.00% 4.82%
02/01/17 4.94% 4.76%
03/01/17 5.01% 4.65%
04/01/17 5.00% 4.53%
05/01/17 5.01% 4.47%
06/01/17 5.04% 4.42%

TX Cities with Most HECM Loans Originated

Rank City Zip Total
1 HOUSTON 77024 7762
2 DALLAS 75214 4323
3 SAN ANTONIO 78217 4192
4 FORT WORTH 76103 2623
5 EL PASO 79905 2503
6 AUSTIN 78734 2469
7 AMARILLO 79109 986
8 ARLINGTON 76014 937
9 LUBBOCK 79410 934
10 CORPUS CHRISTI 78411 916
11 GARLAND 75040 802
12 PLANO 75023 665
13 SPRING 77388 659
14 TYLER 75701 565
15 GEORGETOWN 78626 495
16 IRVING 75062 491
17 MESQUITE 75150 461
18 RICHARDSON 75080 411
19 GRAND PRAIRIE 75050 389
20 CONROE 77301 384
21 KATY 77450 379
22 LONGVIEW 75602 378
23 CARROLLTON 75006 373
24 BEAUMONT 77707 366
25 WACO 76710 360
26 PASADENA 77504 350
27 MIDLAND 79705 345
28 ABILENE 79606 342
29 SAN ANGELO 76904 338
30 WICHITA FALLS 76308 325

HUD Housing Counselors in Texas

Before obtaining a reverse mortgage, you’ll need to speak to a housing counselor. We’ve put together this list of options for residents of Texas.

CCCS OF GREATER DALLAS – AMARILLO
SUITE A-506
1619 S. KENTUCKY

AMARILLO,  TX  79102-2239
(806) 358-2221  
http://www.cccs.net

CCCS OF GREATER DALLAS – AUSTIN
1016 LA POSADA DR.
ONE LA COSTA

AUSTIN,  TX  78752
(512) 447-0711  
http://www.cccs.net

CCCS OF GREATER DALLAS, INC.
SUITE 200
8737 KING GEORGE DRIVE

DALLAS,  TX  75235-2222
(214) 638-2227  
http://www.cccs.net

CREDIT COALITION
3300 LYONS AVE # 203A

HOUSTON,  TX  77020-8252
(713) 224-8100  

Credit Coalition

DALLAS COUNTY HOME LOAN COUNSELING CENTER
2377 N STEMMONS FWY # 724

DALLAS,  TX  75207-2710
(214) 819-6060  
http://www.dallascounty.org

HOUSING OPPORTUNITIES OF FORT WORTH
1065 W MAGNOLIA AVE STE B

FORT WORTH,  TX  76104-4477
(817) 923-9192  
http://www.hud.gov

MONEY MANAGEMENT INTERNATIONAL HOUSTON/FUQUA
11550 FUQUA ST STE 350

HOUSTON,  TX  77034-4200
(866) 232-9080  
http://www.moneymanagement.org

MONEY MANAGEMENT INTERNATIONAL HOUSTON/GREENWAY PLAZA
3800 BUFFALO SPEEDWAY, SUITE 162

HOUSTON,  TX  77098-3706
(866) 232-9080  
http://www.moneymanagement.org

MONEY MANAGEMENT INTERNATIONAL HUMBLE
125 W MAIN ST

HUMBLE,  TX  77338-4391
(866) 232-9080  
http://www.moneymanagement.org

MONEY MANAGEMENT INTERNATIONAL INC.
14141 SOUTHWEST FWY

SUGAR LAND,  TX  77478-3493
(866) 232-9080  
http://www.moneymanagement.org

MONEY MANAGEMENT INTERNATIONAL LUBBOCK
2503 74TH ST STE 105

LUBBOCK,  TX  79423-1409
(866) 232-9080  
http://www.moneymanagement.org

NATIONAL COMMUNITY REINVESTMENT COALITION, INC.
701

AUSTIN,  TX  78702
(512) 385-1500  
N/A

NAVICORE SOLUTIONS- DALLAS, TX
SUITE 134
17440 DALLAS PKWY

DALLAS,  TX  75287-7336
(972) 732-6767  
http://www.novadebt.org

NID-HCA FORT WORTH WIMBISH
6737 BRENTWOOD STAIR RD STE 112

FORT WORTH,  TX  76112-3336
(817) 507-0670

Want to learn more? Click here to get free information about reverse mortgages in Texas!