If you have ever looked into the best equity release companies, then you will be well aware of just how many products and companies are out there to choose from.
Equity release is a specialized financial product that allows homeowners aged 55 and over to access the equity tied up in their property without having to sell or move out.
By unlocking a portion of their home’s value as a lump sum or regular income, retirees can supplement their pensions, cover unexpected expenses, or even provide early inheritances to their children.
As the demand for flexible retirement funding grows, so too has the interest in equity release options across the United States.
However, choosing equity release is a significant financial decision. It often comes with higher costs than traditional loans, and the entire process—from application to disbursement—can take several weeks or months. That’s why it’s crucial to work with a reputable provider that offers transparent terms, robust support, and tailored solutions.
In this guide, we’ve compiled a list of the best equity release companies in the U.S. These firms stand out for their customer service, financial strength, product variety, and commitment to ethical lending.
Whether you’re considering tapping into your home’s value for added financial freedom or to support loved ones, this list will help you identify the most trustworthy partners in the equity release space.
What is Equity Release and How does it Work?
Equity release is a financial product designed for homeowners aged 55 and over, allowing them to access the equity built up in their property without the need to move or sell.
It provides a way to unlock tax-free cash—either as a lump sum, regular income, or a combination of both—while still retaining the right to live in the home for life.
This can be particularly useful for supplementing retirement income, covering care costs, making home improvements, or gifting money to family members.
There are two main types of equity release: lifetime mortgages and home reversion plans. With a lifetime mortgage, you borrow against the value of your home, and interest is added to the loan over time. You don’t have to make monthly repayments unless you choose to.
The loan, plus interest, is repaid when you die or move into long-term care. A home reversion plan involves selling part or all of your property to a provider in exchange for a cash lump sum while remaining in your home.
Since equity release affects the value of your estate and may impact benefits, it’s essential to seek financial advice. That’s why working with the best equity release companies ensures you receive regulated, transparent, and reliable guidance.
10 Best Equity Release Companies in the US
Here’s a list of the 10 Best Equity Release Companies in the U.S., selected based on reputation, customer service, financial transparency, and product offerings. These companies help seniors tap into their home equity safely and effectively.
1. Finance of America Reverse (FAR)
Finance of America Reverse (FAR) ranks among the best equity release companies in the U.S., offering a wide range of innovative solutions tailored to older homeowners.
As one of the largest reverse mortgage lenders in the country, FAR provides flexible products like the HomeSafe® suite, which caters to both standard and high-value homes.
Their equity release options are designed to help retirees tap into their home’s value without needing to sell or move, offering financial freedom during retirement.
What sets FAR apart is its commitment to borrower education, personalized guidance, and product innovation. Customers can choose from lump sum payments, monthly disbursements, or a line of credit—depending on their individual financial needs.
FAR is also known for its strong customer service, professional advisors, and easy-to-understand application process. With a reputation for reliability and flexibility, Finance of America Reverse is a top choice for anyone looking to work with one of the best equity release companies available today.
2. American Advisors Group (AAG)
American Advisors Group (AAG) is widely recognized as one of the best equity release companies in the United States, known for its strong market presence and consumer-focused approach.
AAG specializes in reverse mortgages, helping seniors convert a portion of their home equity into usable cash while continuing to live in their homes.
What makes AAG stand out is its emphasis on education and transparency. The company provides a wealth of resources, including guides, videos, and personal consultations, to ensure that clients fully understand their options before making a decision.
AAG offers a range of products, including lump sum payouts, monthly payments, and lines of credit, catering to different financial needs and retirement goals.
With experienced loan officers and a supportive team, AAG delivers excellent customer service and a smooth application process. Their commitment to helping older Americans enjoy a more comfortable retirement has earned them a place among the best equity release companies in the country.
3. Mutual of Omaha Reverse Mortgage
Mutual of Omaha Reverse Mortgage stands out among the best equity release companies in the U.S., offering a range of reverse mortgage solutions designed to help homeowners aged 55 and older access their home equity without the need to sell or move.
As a subsidiary of the well-established Mutual of Omaha, the company brings over a century of financial expertise and stability to the reverse mortgage market.
Their flagship product, SecureEquity, is tailored for high-value homes and allows homeowners to finance up to $4 million, providing greater access to home equity compared to traditional Home Equity Conversion Mortgages (HECMs).
Mutual of Omaha Reverse Mortgage is known for its commitment to customer education and support. The company offers a user-friendly online application process, a mobile app to streamline document submission, and a variety of educational resources, including calculators and informational videos, to help clients make informed decisions .
Customer reviews highlight the professionalism and responsiveness of their staff, with many borrowers praising the clear communication and guidance provided throughout the process.
With a strong reputation, a diverse range of products, and a focus on customer satisfaction, Mutual of Omaha Reverse Mortgage is a top choice for those seeking reliable and flexible equity release options.
4. Longbridge Financial
Longbridge Financial is a prominent reverse mortgage lender in the U.S., recognized among the best equity release companies for its customer-centric approach and innovative solutions.
Established in 2012 by industry veterans from MetLife, New York Life, and Fidelity, Longbridge is headquartered in Mahwah, New Jersey, and is licensed to operate in all 50 states, the District of Columbia, and Puerto Rico.
The company offers a diverse range of reverse mortgage products, including the standard Home Equity Conversion Mortgage (HECM), the HECM for Purchase, and the proprietary Longbridge Platinum for higher-value homes or condos . These options cater to various financial needs, allowing seniors to access their home equity while maintaining homeownership.
Longbridge Financial is lauded for its commitment to transparency and education, providing clients with clear information and guidance throughout the reverse mortgage process .
Customer reviews highlight the professionalism and responsiveness of their staff, with many borrowers praising the clear communication and guidance provided throughout the process.
With an A+ rating from the Better Business Bureau and a 4.9/5 rating on Trustpilot, Longbridge Financial stands out as a reliable and reputable choice for seniors considering equity release options.
5. Liberty Reverse Mortgage
Liberty Reverse Mortgage is a leading provider among the best equity release companies in the United States, specializing in Home Equity Conversion Mortgages (HECMs) and HECMs for Purchase.
Established in 2003 and headquartered in Rancho Cordova, California, Liberty has assisted over 74,000 seniors in accessing their home equity.
Key Features:
- Loan Options: Offers standard HECMs and HECMs for Purchase, allowing seniors to convert home equity into tax-free funds without monthly mortgage payments .
- Service Guarantee: Provides a commitment to close loans within 60 days or offers a $500 credit toward closing costs if not met.
- Educational Tools: Features an intuitive online calculator and free resources to help clients understand their reverse mortgage options .
- Customer Satisfaction: Maintains an A+ rating with the Better Business Bureau and has received positive reviews for its customer service .
While Liberty Reverse Mortgage does not currently offer jumbo loans and has limited availability in certain states like Hawaii and New York, it remains a trusted choice for seniors seeking reliable and transparent equity release solutions.
6. Fairway Independent Mortgage
Fairway Independent Mortgage is a prominent player among the best equity release companies in the U.S., offering a range of reverse mortgage solutions to homeowners aged 62 and older.
As of 2023, Fairway ranked fifth in reverse mortgage originations, highlighting its strong presence in the industry.
Key Features:
- Loan Options: Fairway provides various reverse mortgage products, including Home Equity Conversion Mortgages (HECMs), HECMs for Purchase, and jumbo reverse mortgages, catering to different financial needs and property values.
- Flexible Terms: The company offers adjustable-rate and fixed-rate options, allowing clients to choose the plan that best fits their retirement goals.
- Nationwide Availability: Fairway operates across the United States, ensuring accessibility for a broad range of homeowners.
- Educational Resources: Fairway emphasizes customer education, providing resources to help clients understand the reverse mortgage process and make informed decisions.
With its comprehensive offerings and commitment to customer satisfaction, Fairway Independent Mortgage remains a top choice for seniors considering equity release options.
7. Guild Mortgage
Guild Mortgage is a reputable lender among the best equity release companies in the U.S., specializing in reverse mortgages for seniors aged 62 and older. In 2023, Guild Mortgage secured the 8th position among top reverse mortgage lenders, reflecting its strong presence in the industry.
Key Features:
- Loan Options: Guild Mortgage offers a variety of reverse mortgage products, including Home Equity Conversion Mortgages (HECMs) and proprietary jumbo loans, catering to diverse financial needs and property values.
- Flexible Terms: The company provides adjustable-rate and fixed-rate options, allowing clients to choose the plan that best fits their retirement goals.
- Nationwide Availability: Guild Mortgage operates across the United States, ensuring accessibility for a broad range of homeowners.
- Educational Resources: Guild emphasizes customer education, providing resources to help clients understand the reverse mortgage process and make informed decisions.
With its comprehensive offerings and commitment to customer satisfaction, Guild Mortgage remains a top choice for seniors considering equity release options.
8. Open Mortgage
Open Mortgage was once a prominent name among the best equity release companies in the U.S., known for offering Home Equity Conversion Mortgages (HECMs)—including the “HECM for Purchase” option—across 46 states and Washington, D.C.
Open Mortgage earned an A+ rating from the Better Business Bureau and was praised for its customer-focused approach, with local loan officers guiding seniors through the application process.
Their HECM products allowed homeowners to access funds via lump sums, monthly payouts, or lines of credit.
However, in November 2023, Open Mortgage exited the reverse mortgage market, ceasing new HECM originations due to distribution and profitability challenges. Although existing clients are still being serviced, no new equity release loans are available through them.
While they no longer originate, Open Mortgage’s strong track record, educational support, and regional accessibility solidify its legacy as a trusted provider among America’s equity release leaders.
9. Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation consistently ranks among the best equity release companies in the U.S., especially known for its fast, flexible reverse mortgage products. In 2023, Fairway was among the top five originators of reverse mortgages nationwide.
Key Highlights:
- Speedy closings: Fairway completes reverse mortgage closings in as little as 17 days, earning recognition from Forbes Advisor for speedy execution.
- Digital innovation: They were the first in the industry to introduce hybrid eClosings, allowing borrowers to e-sign most documents before closing day, improving convenience and reducing paperwork.
- Wide loan options: Offers standard HECMs, HECM-for-Purchase, lines of credit, and jumbo reverse mortgages up to $4 million.
- High customer satisfaction: Holds an A+ BBB rating, high online reviews, and was named Best Reverse Mortgage Lender for Speedy Closings by CNBC and Money.com.
- Nationwide presence: Licensed in 48 states plus DC, ensuring broad accessibility.
Fairway’s blend of fast processing, innovative e-signature technology, diverse product offerings, and strong customer ratings make it a standout choice among the best equity release companies for retirees seeking efficient, reliable access to home equity.
10. Nationwide Equities
Nationwide Equities ranks among the best equity release companies for homeowners seeking flexible and high-value reverse mortgage solutions.
Founded in 1999, the company offers a full suite of equity release products, including standard Home Equity Conversion Mortgages (HECMs), HECM for Purchase, and proprietary jumbo loans through its exclusive EquityPower program.
This product allows qualified borrowers to access up to $6 million—ideal for those with high-value properties.
Unlike many lenders, Nationwide Equities also provides reverse mortgage solutions for unique housing types, such as New York co-ops, adding to its versatility. The company operates in select states, including New Jersey, Florida, California, and Texas, and is known for competitive rates and fast closings.
While it has faced past compliance challenges, Nationwide Equities has taken steps to improve transparency and customer trust. For retirees with substantial home equity looking for personalized service, it remains a strong contender among the best equity release companies in the U.S.
Conclusion
Choosing among the best equity release companies is a vital decision for homeowners seeking financial flexibility in retirement. The top providers offer transparent terms, tailored solutions, and expert guidance. By working with a trusted lender, seniors can safely unlock their home’s value while maintaining long-term security and peace of mind.
FAQs
What is an equity release company?
An equity release company provides financial products—like reverse mortgages—that allow homeowners (typically aged 55 or older) to access the equity in their home without having to sell it.
How do I choose the best equity release company?
Look for companies with strong reputations, clear terms, competitive interest rates, flexible payment options, and professional customer service. Also, ensure they’re licensed and comply with federal lending regulations.
What types of equity release products do these companies offer?
Most offer Home Equity Conversion Mortgages (HECMs), HECM for Purchase, and jumbo/proprietary reverse mortgages for higher-value homes. Some also provide special products for co-ops or condos.
Will I still own my home if I release equity?
Yes, with most equity release products like HECMs, you retain full ownership of your home while using its equity for cash or credit.
Are there risks involved in equity release?
Yes—interest accrues over time, and it can reduce the value of your estate. That’s why it’s important to work with the best equity release companies and get independent financial advice.
