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Find the Best Reverse Mortgage Lenders in Las Vegas, NV

With the cost of just about everything on the rise, many retirement-age people worry about their ability to live comfortably. Reverse mortgages can help by allowing homeowners to receive money monthly from the equity in their paid-off home. We researched the best reverse mortgage lenders in Las Vegas so you can decide if this path is right for you.

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Compare Top Reverse Mortgage Lenders

Finance of America Reverse
Overall satisfaction rating
  • Over 15 years of reverse mortgage experience
  • Price-match guarantee
  • Available in Las Vegas
  • Loans up to $4 million

Prepare for retirement with us!

Learn More (218) 282-4772 Read More
Liberty Reverse Mortgage
Overall satisfaction rating
  • No upfront fees
  • Fixed & variable rates
  • Wholesale lending options
  • Available in Las Vegas

Provides HECM and HECM for Purchase loans. Properties must meet FHA’s requirements to be eligible. Offers a promise for competitive rates. Loan closings within 60 days and financing for processing and loan fees available.

Learn More (866) 268-5369 Read More
American Advisors Group (AAG)
  • BBB accredited company
  • 97% customer satisfaction
  • Available in Las Vegas
  • Free info kit online

Prepare for retirement with us!

Learn More (855) 299-1519 Read More
Valley West Mortgage
  • M-F: 9am - 5pm
  • Closed Sat and Sun
  • valleywestmortgage.com
9580 W. Sahara Ave., Ste. 200
Las Vegas, NV 89117
(702) 696-9900
Cross Country Mortgage
  • M-F: 9am - 5pm
  • Closed Sat and Sun
  • crosscountrymortgage.com
8379 W. Sunset Rd., Ste. 140
Las Vegas, NV 89113
(702) 363-1180

How to choose a reverse mortgage lender in Las Vegas

Las Vegas skyline

In 2017, the national average for home equity gain per household – meaning how much the equity had risen from the previous year – was $15,000. In Nevada, the average equity gain per household was $27,000, or nearly twice the national average. Only California and Washington saw sharper rises. Nevada is booming again, especially in urban areas such as Las Vegas.

For people who own their homes outright, the current seller’s market opens the door for financial opportunities, such as reverse mortgages, that can make day-to-day living in Las Vegas more comfortable. There are many factors to consider when deciding if a reverse mortgage is the best decision for you, including:

  • Eligibility. Not everyone qualifies for a reverse mortgage. You must be 62 or older and own your home. Even then, other requirements may apply.
  • Financial need. If you have medical or other debts to pay off, tapping into your home equity can be worthwhile.
  • Transiency. Homeowners who plan on moving or selling their home soon are not good candidates for reverse mortgages. For a reverse mortgage, you must reside in the home.
  • Inheritance. People who want a home to stay in the family after their death may wish to consider other options, as the person who inherits the home would need to pay back the reverse mortgage.
  • Fees. There are closing costs and additional fees associated with reverse mortgages.

Seniors in Las Vegas, especially those who already own real estate, have a variety of retirement living options. Almost all master-planned communities – including Providence, Summerlin, Mountain’s Edge and Anthem – have low-maintenance, age-restricted neighborhoods for people older than 55. Many residents purchased homes in these neighborhoods after selling larger familial homes. If these people find themselves in need of additional cash to supplement their retirement income, a reverse mortgage may be the answer.

Qualified financial experts can help further explain the pros and cons of seeking a reverse mortgage in Las Vegas. It’s important for seniors to fully understand the terms of reverse mortgages. Nevada’s Consumer Affairs Division has issued warnings about reverse mortgage frauds. They say seniors and their families should be on the lookout for the following red flags, which may suggest a scam:

  • Charging for free reverse mortgage information
  • Downplaying preloan counseling or not providing it
  • Forgery

Reverse Mortgages Reviews

Finance of America Reverse

This top-ranking reverse mortgage lender makes it a priority to earn and keep your trust. Finance of America Reverse has plenty to offer: lump sum, tenure payment and line of credit options; an average closing time of 30 days; and award-winning customer service. According to customers in Las Vegas, if you’re unsure of what something means, the team at FAR will go out of their way to explain it to you.

Finance of America Reverse Learn More (218) 282-4772

Liberty Reverse Mortgage

As one of the country’s largest reverse mortgage providers, Liberty Reverse Mortgage has worked with more than 50,000 seniors since 2003, and all of that experience has led to their reputation as industry experts. Offering HECMs and a promise to match or beat all competitors, this lender is an industry favorite. Customers say they love the responsiveness and personal attention provided by Liberty Reverse Mortgage representatives.

Liberty Reverse Mortgage Learn More (866) 268-5369

American Advisors Group (AAG)

This award-winning company prides itself on a 97 percent customer satisfaction rating from in-house surveys. American Advisors Group offers HECMs and an expert staff to assist with the process every step of the way. Customers say that although sometimes the process takes longer than they had hoped, it works out in the end and is well worth the wait.

American Advisors Group (AAG) Learn More (855) 299-1519