Current Reverse Mortgage Rates
Interest rates fluctuate. As brokers, we secure wholesale rate exceptions that aren't always posted publicly. Below are the current posted minimums.
| Lender | 1-Year Fixed | 3-Year Fixed | 5-Year Fixed | Variable |
|---|---|---|---|---|
| HomeEquity Bank | 7.59% | 7.54% | 7.24% | 7.36% |
| Equitable Bank | 4.99%*Broker promo — ends Mar. 31 | 8.19% | 7.99% | 8.05% |
| Home Trust | 8.24% | 7.99% | 7.74% | 7.95% |
| Bloom Finance | 4.99%*1Y promo — limited time | SafeRate: 6.69% Lifetime Fixed | ||
† HomeEquity Bank also offers a 6-month fixed term at 6.99%. HomeEquity Bank Prime Rate: 4.45%.
* Promotional rates. Equitable Bank 4.99% 1-year fixed (Flex / Flex Lite) is a broker-exclusive offer valid until March 31, 2026. Bloom Finance 4.99% 1-year promo is available for a limited time. Standard rates apply after the promotional term. Subject to lender approval and eligibility.
Why are rates higher?
Reverse mortgage rates are typically 1.5% to 2.5% higher than traditional mortgages. Why? Because the lender is taking on the risk of no monthly payments and guaranteeing the loan will never exceed the home value.
It's the premium paid for the ultimate cash-flow flexibility in retirement.
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