Pros and Cons
Longbridge Financial pros
- Offers HECM, HECM for Purchase, and jumbo reverse mortgage options
- No monthly servicing fees on standard HECM loans
- Strong emphasis on education and one-on-one support
- Often services its own loans, which can mean more continuity after closing
- Generally positive borrower sentiment on major review platforms
Longbridge Financial cons
- Pricing is competitive, but not always a top national “lowest-cost” leader
- Loan timelines and communication can vary by loan officer and scenario
- Proprietary jumbo loans have state and age eligibility limits
Longbridge Financial review for 2026
If you’re comparing reverse mortgage lenders in 2026, Longbridge Financial is a name you may come across if you’re looking for a lender that emphasizes education and flexibility over sheer scale. While it’s not the largest reverse mortgage lender in the country, Longbridge has carved out a strong reputation among seniors who want guidance and options beyond a standard FHA reverse mortgage.
This Longbridge Financial lender review breaks down how the company performs on cost, flexibility, trustworthiness, and customer experience, so you can decide whether it’s the right fit for your retirement and home equity goals.
See if you qualify for a reverse mortgage. Start herePricing / Cost
Pricing is not Longbridge Financial’s primary differentiator, but it remains generally competitive within the reverse mortgage space. Costs tend to align with industry norms, and the lender’s decision not to charge monthly servicing fees on HECM loans can improve long-term affordability compared to some competitors.
That said, borrowers focused exclusively on minimizing interest rates or upfront costs may find stronger pricing performance from larger, higher-volume lenders. As always with reverse mortgages, small pricing differences can compound over time, making comparison shopping essential.
Lending flexibility
This is where Longbridge Financial really shines. The lender offers:
- Standard FHA-insured HECM loans
- HECM for Purchase, allowing eligible seniors to buy a new home using a reverse mortgage
- Longbridge Platinum jumbo reverse mortgages for higher-value homes (available in select states, sometimes starting at age 55)
This lineup gives borrowers more ways to structure how and when they access home equity, whether that’s supplementing retirement income, buying a downsized home, or tapping equity from a higher-value property.
Trustworthiness
Longbridge Financial is a federally approved HECM lender, BBB-accredited with an A+ rating, and has operated in the reverse mortgage market for over a decade. It originates a meaningful volume of reverse mortgages while remaining smaller than the industry’s largest players.
Consumer complaints do exist, most commonly around communication delays or process friction, but this is typical in a product category as complex as reverse mortgages. On balance, third-party reviews suggest many borrowers feel supported and well-informed throughout the process.
Customer experience
Longbridge Financial’s customer experience is best described as consultative and education-first. Borrowers are encouraged to ask questions, explore options, and fully understand how a reverse mortgage works before moving forward.
Many reviews highlight helpful loan officers and clear explanations, though turnaround times and responsiveness can vary depending on the individual loan and market conditions. This is not a fully self-serve or ultra-fast digital lender, and it doesn’t try to be.
Is Longbridge Financial the best reverse lender for you?
Longbridge Financial is best suited for borrowers who value education, flexibility, and personal support over purely chasing the lowest advertised cost. If you’re considering a reverse mortgage for purchase, need a jumbo option, or simply want a lender that will walk you through the process step by step, Longbridge is well worth considering in 2026.
If, on the other hand, your top priority is national pricing performance at scale, a larger lender may be a better fit.
How The Mortgage Reports scored Longbridge Financial
TheMortgageReports evaluates reverse mortgage lenders using a standardized scoring framework focused on four core areas: pricing, lending flexibility, trustworthiness, and customer experience.
Our ratings are designed to reflect the factors that matter most to senior borrowers, including overall affordability, product variety, reputation and regulatory standing, and the quality and consistency of borrower support. Rather than focusing solely on advertised rates, our methodology weighs how well a lender balances cost, options, and service to determine its overall score.
Time to make a move? Let us find the right mortgage for youFAQs
Yes. Longbridge Financial is a solid option for seniors who want flexibility, education, and multiple reverse mortgage options, particularly HECM for Purchase or jumbo reverse loans.
Yes. Longbridge is one of the more visible lenders offering HECM for Purchase loans nationwide.
Generally yes, though pricing may not always beat the largest national lenders. Borrowers should compare offers carefully.
No. Longbridge does not charge monthly servicing fees on standard HECM loans.
