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 information, data and statistics designed to help you make an informed decision:
- The Largest HECM Lenders in TX
- Current & Historical Interest Rates
- HUD Approved Housing Counselors in Texas
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 Texas, 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 | 11,032 | 1,492,381,044 |
| AMERICAN ADVISORS GROUP | 10,780 | 2,473,385,113 |
| ONE REVERSE MORTGAGE LLC | 4,753 | 765,016,917 |
| 1ST AAA REVERSE MORTGAGE INC | 3,308 | 430,062,187 |
| FINANCE OF AMERICA REVERSE LLC | 3,255 | 817,345,985 |
| FINANCIAL FREEDOM SENIOR FUNDING CORP | 2,794 | 332,342,680 |
| BANK OF AMERICA | 1,925 | 299,899,029 |
| GRIFFIN FINANCIAL MORTGAGE LLC | 1,886 | 201,423,646 |
| MUTUAL OF OMAHA MORTGAGE INC. | 1,529 | 557,761,583 |
| REVERSE MORTGAGE USA INC | 1,376 | 211,950,970 |
| LIBERTY HOME EQUITY SOLUTIONS INC | 1,358 | 255,543,870 |
| METLIFE BANK NATIONAL ASSOCIATION | 1,275 | 221,097,800 |
| MONTGOMERY MORTGAGE INC | 1,128 | 149,223,146 |
| REVERSE MORTGAGE FUNDING LLC | 1,078 | 288,407,011 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 982 | 319,711,855 |
| 1ST AA REVERSE MORTGAGE INC | 967 | 145,678,350 |
| ASPIRE FINANCIAL INC | 961 | 147,370,400 |
| NETWORK FUNDING LP | 928 | 158,770,524 |
| JUDITH O SMITH MORTGAGE GROUP INC | 912 | 117,584,183 |
| GENERATION MORTGAGE COMPANY | 835 | 132,341,205 |
Since 2012
| Lender | Loans | Total Principal Limit |
| AMERICAN ADVISORS GROUP | 10,102 | 2,373,184,763 |
| ONE REVERSE MORTGAGE LLC | 2,669 | 478,810,020 |
| FINANCE OF AMERICA REVERSE LLC | 2,382 | 688,026,360 |
| MUTUAL OF OMAHA MORTGAGE INC. | 1,529 | 557,761,583 |
| LIBERTY HOME EQUITY SOLUTIONS INC | 1,273 | 241,922,070 |
| REVERSE MORTGAGE FUNDING LLC | 1,078 | 288,407,011 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 815 | 301,279,225 |
| ADVISORS MORTGAGE GROUP LLC | 799 | 212,041,290 |
| SOUTH RIVER MORTGAGE LLC | 703 | 208,980,225 |
| REVERSE MORTGAGE SOLUTIONS INC | 659 | 115,931,950 |
Want to learn more? Click here to get free information about a reverse mortgage in Texas!
Interest Rates
Every month, HUD reports every Texas 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.
Current Rates
| Date | Fixed Rate | Adjustable Rate |
| 2019-01-01 | 4.90% | 5.11% |
| 2019-02-01 | 4.76% | 5.05% |
| 2019-03-01 | 4.65% | 5.02% |
| 2019-04-01 | 4.68% | 4.82% |
| 2019-05-01 | 4.77% | 4.80% |
| 2019-06-01 | 4.93% | 4.74% |
| 2019-07-01 | 4.92% | 4.60% |
| 2019-08-01 | 4.72% | 4.29% |
| 2019-09-01 | 4.56% | 4.19% |
| 2019-10-01 | 4.43% | 4.37% |
| 2019-11-01 | 4.39% | 4.36% |
| 2019-12-01 | 4.18% | 4.24% |
| 2020-01-01 | 5.02% | 4.18% |
| 2020-02-01 | 4.56% | 4.19% |
| 2020-03-01 | 4.49% | 4.08% |
| 2020-04-01 | NA | 3.89% |
| 2020-05-01 | 4.31% | 3.51% |
| 2020-06-01 | 3.35% | 3.36% |
| 2020-07-01 | 3.50% | 3.26% |
| 2020-08-01 | 3.56% | 3.17% |
| 2020-09-01 | 3.29% | 3.12% |
| 2020-10-01 | 3.26% | 3.05% |
| 2020-11-01 | 3.34% | 2.99% |
| 2020-12-01 | 3.23% | 2.89% |
| 2021-01-01 | 3.28% | 2.84% |
| 2021-02-01 | 3.10% | 2.84% |
| 2021-03-01 | 3.23% | 2.67% |
| 2021-04-01 | 3.27% | 2.50% |
| 2021-05-01 | 3.38% | 2.39% |
| 2021-06-01 | 3.50% | 2.32% |
| 2021-07-01 | 3.27% | 2.26% |
| 2021-08-01 | 3.38% | 2.27% |
| 2021-09-01 | 3.38% | 2.31% |
| 2021-10-01 | 3.43% | 2.28% |
| 2021-11-01 | 3.44% | 2.33% |
| 2021-12-01 | 3.42% | 2.33% |
| 2022-01-01 | 3.53% | 2.45% |
| 2022-02-01 | 3.31% | 2.60% |
| 2022-03-01 | 3.63% | 2.84% |
| 2022-05-01 | 3.85% | 3.80% |
| 2022-04-01 | 3.75% | 3.22% |
| 2022-06-01 | 5.00% | 4.12% |
| 2022-07-01 | 5.02% | 4.59% |
| 2022-08-01 | 5.59% | 5.10% |
| 2022-09-01 | 5.01% | 5.52% |
| 2022-10-01 | 5.74% | 5.96% |
| 2022-11-01 | 5.97% | 6.65% |
| 2022-12-01 | 6.93% | 6.97% |
| 2023-01-01 | 6.23% | 7.07% |
| 2023-02-01 | 5.56% | 7.16% |
| 2023-03-01 | 6.15% | 7.37% |
| 2023-04-01 | 6.56% | 7.08% |
| 2023-05-01 | NA | 7.10% |
| 2023-06-01 | NA | 7.28% |
| 2023-07-01 | 7.61% | 7.53% |
| 2023-08-01 | NA | 7.74% |
| 2023-09-01 | 6.56% | 7.75% |
| 2023-10-01 | NA | 7.76% |
| 2023-11-01 | NA | 7.80% |
| 2023-12-01 | NA | 7.67% |
| 2024-01-01 | NA | 7.58% |
| 2024-02-01 | NA | 7.28% |
| 2024-03-01 | 3.50% | 7.23% |
| 2024-04-01 | NA | 7.37% |
| 2024-05-01 | NA | 7.39% |
| 2024-06-01 | NA | 7.44% |
| 2024-07-01 | NA | 7.40% |
| 2024-08-01 | NA | 7.23% |
| 2024-09-01 | 7.56% | 6.86% |
Historic Rates
| Date | Fixed Rate | Adjustable Rate |
| 2015-01-01 | 4.99% | 2.83% |
| 2015-02-01 | 5.00% | 2.86% |
| 2015-03-01 | 5.01% | 2.95% |
| 2015-04-01 | 5.00% | 3.03% |
| 2015-05-01 | 4.99% | 3.11% |
| 2015-06-01 | 5.02% | 3.16% |
| 2015-07-01 | 4.98% | 3.22% |
| 2015-08-01 | 4.95% | 3.21% |
| 2015-09-01 | 4.94% | 3.17% |
| 2015-10-01 | 5.02% | 3.21% |
| 2015-11-01 | 4.98% | 3.26% |
| 2015-12-01 | 4.99% | 3.40% |
| 2016-01-01 | 4.98% | 3.46% |
| 2016-02-01 | 4.97% | 3.69% |
| 2016-03-01 | 4.99% | 3.83% |
| 2016-04-01 | 5.02% | 3.98% |
| 2016-05-01 | 4.92% | 4.06% |
| 2016-06-01 | 5.01% | 4.17% |
| 2016-07-01 | 5.00% | 4.26% |
| 2016-08-01 | 4.92% | 4.33% |
| 2016-09-01 | 5.00% | 4.47% |
| 2016-10-01 | 4.97% | 4.63% |
| 2016-11-01 | 4.94% | 4.71% |
| 2016-12-01 | 4.89% | 4.79% |
| 2017-01-01 | 5.00% | 4.82% |
| 2017-02-01 | 4.94% | 4.76% |
| 2017-03-01 | 5.01% | 4.65% |
| 2017-04-01 | 5.00% | 4.53% |
| 2017-05-01 | 5.01% | 4.47% |
| 2017-06-01 | 5.04% | 4.42% |
| 2017-07-01 | 4.99% | 4.42% |
| 2017-08-01 | 5.04% | 4.49% |
| 2017-09-01 | 4.99% | 4.51% |
| 2017-10-01 | 5.03% | 4.52% |
| 2017-11-01 | 5.01% | 4.58% |
| 2017-12-01 | 5.03% | 4.65% |
| 2018-01-01 | 4.92% | 4.68% |
| 2018-02-01 | 4.84% | 4.71% |
| 2018-03-01 | 4.86% | 4.66% |
| 2018-04-01 | 4.87% | 4.70% |
| 2018-05-01 | 4.60% | 4.82% |
| 2018-06-01 | 4.62% | 4.80% |
| 2018-07-01 | 4.59% | 4.76% |
| 2018-08-01 | 4.60% | 4.71% |
| 2018-09-01 | 4.72% | 4.69% |
| 2018-10-01 | 4.77% | 4.81% |
| 2018-11-01 | 4.83% | 4.90% |
| 2018-12-01 | 4.84% | 4.99% |
TX Cities with Most HECM Loans Originated
| Rank | City | Zip | Total |
| 1 | DALLAS | 75216 | 589 |
| 2 | GEORGETOWN | 78633 | 434 |
| 3 | DALLAS | 75241 | 424 |
| 4 | DALLAS | 75232 | 410 |
| 5 | AUSTIN | 78745 | 392 |
| 6 | EL PASO | 79936 | 389 |
| 7 | BURLESON | 76028 | 374 |
| 8 | HOUSTON | 77016 | 356 |
| 9 | HOUSTON | 77033 | 352 |
| 10 | AMARILLO | 79109 | 351 |
| 11 | FORT WORTH | 76133 | 344 |
| 12 | EL PASO | 79925 | 340 |
| 13 | EL PASO | 79912 | 328 |
| 14 | DALLAS | 75228 | 317 |
| 15 | RICHARDSON | 75080 | 314 |
| 16 | KERRVILLE | 78028 | 313 |
| 17 | FORT WORTH | 76112 | 306 |
| 18 | FORT WORTH | 76119 | 306 |
| 19 | AUSTIN | 78723 | 304 |
| 20 | GRAND PRAIRIE | 75052 | 304 |
| 21 | NEW BRAUNFELS | 78130 | 303 |
| 22 | GARLAND | 75043 | 301 |
| 23 | EL PASO | 79915 | 295 |
| 24 | EL PASO | 79924 | 294 |
| 25 | MESQUITE | 75150 | 292 |
| 26 | HOUSTON | 77021 | 291 |
| 27 | GRANBURY | 76049 | 281 |
| 28 | DESOTO | 75115 | 279 |
| 29 | CARROLLTON | 75006 | 275 |
| 30 | MESQUITE | 75149 | 275 |
Click here to get free information about a Texas reverse mortgage!
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
CCCS OF GREATER DALLAS, INC.
SUITE 200
8737 KING GEORGE DRIVE
DALLAS, TX 75235-2222
(214) 638-2227
CREDIT COALITION
3300 LYONS AVE # 203A
HOUSTON, TX 77020-8252
(713) 224-8100
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
MONEY MANAGEMENT INTERNATIONAL HOUSTON/GREENWAY PLAZA
3800 BUFFALO SPEEDWAY, SUITE 162
HOUSTON, TX 77098-3706
(866) 232-9080
MONEY MANAGEMENT INTERNATIONAL HUMBLE
125 W MAIN ST
HUMBLE, TX 77338-4391
(866) 232-9080
MONEY MANAGEMENT INTERNATIONAL INC.
14141 SOUTHWEST FWY
SUGAR LAND, TX 77478-3493
(866) 232-9080
MONEY MANAGEMENT INTERNATIONAL LUBBOCK
2503 74TH ST STE 105
LUBBOCK, TX 79423-1409
(866) 232-9080
NATIONAL COMMUNITY REINVESTMENT COALITION, INC.
701
AUSTIN, TX 78702
(512) 385-1500
NAVICORE SOLUTIONS- DALLAS, TX
SUITE 134
17440 DALLAS PKWY
DALLAS, TX 75287-7336
(972) 732-6767
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!
