Best Reverse Mortgage Companies in Los Angeles, CA
Finance of America Reverse
As a member of the National Reverse Mortgage Lenders Association (NRMLA), Finance of America Reverse has retailers licensed in 43 states and a wholesale division licensed in 42 states and Puerto Rico.
American Advisors Group (AAG)
American Advisors Group puts its sole focus on reverse mortgage lending, so it's focused on helping you access your home’s equity.
Community First National Bank
Community First National Bank offers personalized service for reverse mortgages and quick closing. The company offers FHA-backed Home Equity Conversion Mortgage and offers various fund distribution schedules.
THINK Mortgage
Mortgage broker with a variety of loan options and a simple application process. A mortgage professional will guide you through the process.
Wilkes Mortgage Group
Focuses on finding low rates for clients. Mortgage broker offering loan options from multiple lenders, including HECMs. Use the free reverse mortgage qualifier online to get started.
Shannon Christenot
Experienced mortgage broker licensed with NMLS and BRE. Compare the best rates from multiple lenders and use funds to buy a new car, put a down payment on a second home, pay tuition for your grandkids, and more.
PierPoint Mortgage
Mortgage broker offering home loan financing from various lenders. Provides HECMs and proprietary (jumbo) reverse mortgages. A specialist will discuss your options and guide you through the process. No income or credit check required.
Hillhurst Mortgage
Specializes in fast and friendly service. Offers home loan options from various lenders to bring clients the most competitive offers. Visit the branch in Los Feliz.
SMPL Mortgage
Experts in generational lending and building wealth using real estate. A Certified Reverse Mortgage Professional will help you decide if a reverse mortgage loan is the best choice for your financial future.
Journey Mortgage Advisors
Offers a full suite of home financing, partnering with more than 30 wholesale lenders. HECM customers can change disbursement methods throughout the life of the loan. Use the free online reverse mortgage qualifier tool.
Reverse Your Thinking®
Home of the new Younger Retiree Vanishing Payment Program to eliminate mortgage payments for borrowers 55 and over. Traditional HECMs, HECMs for purchase and jumbo reverse mortgages are also available.
Patrick Akopians, Mortgage Broker
Schedule a free consultation to get started. Works with multiple lenders to find clients the lowest rates with quick closing times. Download his free guide to getting a low rate.
Reverse Mortgage Costs in Los Angeles, CA
Homeowners in Los Angeles can borrow up to $970,800, the 2023 HECM maximum nationwide claim amount. When budgeting for your reverse mortgage costs, remember to account for interest, lender servicing fees, the annual mortgage insurance premium, and other housing expenses like flood insurance or property taxes. Reverse mortgage origination fees are capped at $6,000. Other fees include servicing, closing costs, mortgage insurance, and interest. Several factors impact the cost of a reverse mortgage in California:
- Age of borrower
- Home equity
- Lender fees
- Market interest rates
- Credit history
- Type of loan
How a Reverse Mortgage Works
You can take out a reverse mortgage on single-family homes, condos, townhomes, certain manufactured homes, and two- to four-unit multi-family homes in which the borrower occupies one unit. Vacation homes, rental homes, and investment properties do not qualify. HECMs also have a lending limit that adjusts annually, but homes over the FHA limit might qualify for a proprietary reverse mortgage from a private lender. A reverse mortgage allows borrowers to leverage their home equity for cash. Then, they’ll use the money to supplement retirement income, make necessary aging-in-place improvements or home repairs, or reduce their monthly housing expenses. Reverse mortgage holders don’t make monthly payments. Instead, the lender pays the borrower via a monthly disbursement, lump sum payment upfront, a line of credit, or a combination of these payouts. You can decide how to spend the funds from a reverse mortgage, but if you cannot keep up with property taxes, homeowners insurance, and home maintenance costs, the lender will require you to set aside funds from the loan to cover those expenses.
Los Angeles, CA, Reverse Mortgage Eligibility Requirements
About 37% of Los Angeles residents own their homes, according to the U.S. Census. Roughly 13% of the L.A. population is over 65 and eligible for a reverse mortgage. A reverse mortgage is a good financial tool for Los Angeles retirees that meet these requirements:
- Are 62 years or older
- Own your home and have enough equity to qualify
- Receive counseling by an approved HUD/FHA counselor
- The home is in reasonably good repair
Los Angeles, CA, Reverse Mortgage Company Reviews
THINK Mortgage

THINK Mortgage is a mortgage broker that aims to make the home financing process simple. The company offers a variety of loan options and several ways to apply. Call for a free, personalized consultation. Reviewers said loan officers made the process easy and walked them through all details. Customers gave high marks for responsiveness, great deals, and consistent communication.
- Option to apply online
- Regular blogs featuring mortgage personal finance advice
THINK Mortgage | |
Address | 5455 Wilshire Blvd #2120, Los Angeles, CA 90036 |
Phone Number | 1 (888) 469-4008 |
Wilkes Mortgage Group

Wilkes Mortgage Group helps clients lock in low rates. The company is a broker offering loan options from multiple lenders, including HECMs. Get a free reverse mortgage quote or use the online qualifier tool to find out how much you could qualify for based on your personal criteria. Wilkes Mortgage Group has a five-star rating from customers who praise its service and attention. Reviewers experienced a quick and easy process, attentiveness and invaluable advice.
- Henry Wilkes featured on several TV shows and online articles
- Can view current mortgage rates on the website
Wilkes Mortgage Group | |
Address | 3470 Wilshire Blvd Suite #910, Los Angeles, CA 90010 |
Phone Number | (323) 332-6683 |
Shannon Christenot

Shannon Christenot is a Los Angeles mortgage broker with licenses from NMLS and BRE, and expert knowledge of the area. She can connect clients with competitive loans from reputable lenders, including reverse mortgages. Shannon can help you decide if a reverse mortgage is right for you, and get you a free quote. She has a five-star reputation, with happy clients who said Shannon got them excellent rates, listened to their needs, and was always responsive and informative.
- 20 years of experience
- Free quote
Shannon Christenot | |
Address | 700 Flower St #1000, Los Angeles, CA 90017 |
Phone Number | (818) 601-2231 |
PierPoint Mortgage

PierPoint Mortgage deals with a variety of home financing, including reverse mortgages. A broker will help you decide if a reverse mortgage is right for you, then guide you through the application and closing process and work to find you the lowest rate. The firm offers HECMs and proprietary reverse mortgages. Reviewers like the helpful and knowledgeable loan officers who are extremely efficient. Clients give five stars for excellent service, reasonable rates and swift approvals.
- Fully licensed professionals
- Fast closing process
PierPoint Mortgage | |
Address | 3680 Wilshire Blvd, Los Angeles, CA 90010 |
Phone Number | (323) 986-4400 |
Hillhurst Mortgage

Hillhurst Mortgage is a broker in Los Feliz offering a variety of financing from multiple lenders. The company focuses on being fast and friendly. Loan options include reverse mortgages. Clients scored this business highly for extremely competitive offers, an easy process, and a great experience. Reviewers were impressed with how efficient the process was and how hard the team worked to get it done.
- Get a rate quote and apply online
- 170+ five-star reviews
Hillhurst Mortgage | |
Address | 1662 Hillhurst Ave Suite A, Los Angeles, CA 90027 |
Phone Number | (323) 522-1020 |
SMPL Mortgage

SMPL Mortgage is an expert in generational lending and mortgage financing, with certified reverse mortgage specialists on staff. The company hosts reverse mortgage education sessions to help you decide if this type of loan is right for you. Clients consistently praise the company’s ability to lock in good rates and lead the approval process. Customers say the whole team was excellent and takes time to understand their needs to find them the best options.
- Offers educational webinars about home equity options
- Certified Reverse Mortgage Professional
SMPL Mortgage | |
Address | 99 S Lake Ave Ste 207, Pasadena, CA 91101 |
Phone Number | (626) 583-1623 |
Journey Mortgage Advisors: Eddie Ajamian

Eddie Ajamian of Journey Mortgage Advisors works with over 30 wholesale lenders to provide the best options for clients. Start a free quote or apply online. Customers can choose a HECM with a full or partial lump sum, line of credit, monthly payments, or a combination. Eddie Ajamian earned five stars for making the process as smooth as possible, and for “camly and eloquently” answering clients’ questions. Customers like that he is extremely responsive and very prompt in moving the process along.
- Get a quote in 30 seconds
- Change your disbursement method any time
Journey Mortgage Advisors: Eddie Ajamian | |
Address | 99 Pasadena Ave #10C, South Pasadena, CA 91030 |
Phone Number | (626) 826-5225 |
Reverse Your Thinking®

Reverse Your Thinking Mortgage is a reverse mortgage specialist offering an all new reverse mortgage program for borrowers 55 and over. The Younger Retiree Vanishing Payment Program is a unique refinance program that redirects mortgage payments into savings and converts them to a reverse mortgage loan after ten years. Additional options include HECM, HECM for purchase and jumbo reverse mortgages. Clients say this business is a great resource on reverse mortgages and presents solutions for each unique situation. Others say the broker was very pleasant to work with and patient.
- Unconventional refinance options
- Offers jumbo reverse mortgages for high-value homes
Reverse Your Thinking® | |
Address | 1620 Broadway, Santa Monica, CA 90404 |
Phone Number | (310) 447-5266 |
Patrick Akopians, Mortgage Broker

Patrick Akopians helps clients qualify for low rates. He is a mortgage loan originator with Allied Lending Group, offering reverse mortgage financing options from multiple lenders. Schedule a free consultation. Patrick earned a five-star rating for staying on top of everything, making the process easy and helping clients obtain financing quickly. Customers like that he is professional, accessible and patient.
- Options for fast-closing
- Free educational guides available for download
Patrick Akopians, Mortgage Broker | |
Address | 722 W Wilson Ave, Glendale, CA 91203 |
Phone Number | (818) 809-6110 |