Hawaii's #1 Reverse Mortgage
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ARLO™Reverse Mortgage Calculator
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| Lender | Rating | Years in Business | Stars (0-5) | Good Review % | Complaints | BBB |
|---|---|---|---|---|---|---|
| All Reverse Mortgage, Inc. (ARLO) | A+ | 19 | 4.9/5 | 99% | 0 | Source |
| Advisors Mortgage Group | A+ | 24 | 1.6/5 | 33% | 4 | Source |
| American Advisors Group (AAG) | A | 19 | 4.7/5 | 94% | 82 | Source |
| American Pacific Mortgage | F | 27 | 1.0/5 | 20% | 15 | Source |
| Ennkar Inc. | A+ | 13 | 3.6/5 | 73% | 3 | Source |
| Fairway Independent Mortgage | A+ | 27 | 4.9/5 | 98% | 43 | Source |
| Finance of America Reverse LLC (FAR) | A+ | 20 | 1.5/5 | 31% | 18 | Source |
| GoodLife Home Loans | A+ | 11 | 4.4/5 | 88% | 1 | Source |
| Guild Mortgage Company (Formerly Cherry Creek LLC) | A+ | 63 | 1.3/5 | 26% | 52 | Source |
| HighTechLending Inc | NR | 15 | 3.0/5 | 60% | 1 | Source |
| Liberty Home Equity Solutions Inc. | A+ | 20 | 1.00/5 | 20% | 3 | Source |
| Longbridge Financial LLC | A+ | 11 | 3.9/5 | 79% | 15 | Source |
| Mid America Mortgage Inc. | NR | 65 | 3.0/5 | 60% | 0 | Source |
| Moneyhouse | A+ | NA | NA | NA | 0 | Source |
| Movement Mortgage, LLC | A+ | 16 | 4.7/5 | 95% | 110 | Source |
| Mutual of Omaha Mortgage | A+ | 10 | 4.8/5 | 96% | 60 | Source |
| Open Mortgage LLC | A+ | 20 | 2.8/5 | 56% | 1 | Source |
| Plaza Home Mortgage Inc | A+ | 23 | 1.8/5 | 36% | 27 | Source |
| Smartfi Home Loans | A+ | 4 | NA | NA | 0 | Source |
| South River Mortgage, LLC | A+ | 4 | 2.3/5 | 46% | 14 | Source |
The BBB is one of the last review sites that does not accept monetary influence in their ratings or posted reviews.
Hawaii Reverse Mortgage Facts
| State | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in California | Avg. Home Value |
|---|---|---|---|---|---|
| Hawaii | 4,597 | 101 | 9 | 6 | $831,808 |
Data shown includes all cases with beginning endorsement date between January 01, 2023 and December 31, 2023
Hawaii is the 40th most populous state in the United States and is the 4th smallest in terms of land size. As of 2018, about 1,427,538 people resided in the state, with the highest population density in and around Honolulu. About 246,306 residents in the state are age 65 and older, and about 66% of people in the state are homeowners.
The state is situated in the Pacific Ocean, around 2,000 miles west of California, and is known for traditions including surfing, hula dancing, and flower garlands called leis. Hawaii became a U.S. territory in 1898 and was named the 50th state in 1959. It was the last state to join the United States. Hawaii is known as the Aloha State as “aloha” is a greeting that means both hello and goodbye.
The state comprises the world’s largest island chain and counts more than 100 islands in total—only seven of which are inhabited including Hawaii (“The Big Island”), Maui, Molokai, Lanai, Oahu, Kauai and Niihau. Made of volcanic material, the islands have active volcanoes that are one of the major attractions for visitors and tourists. Tourism is the leading industry in Hawaii and is a destination for its beautiful beaches and tropical climate.
The climate comprises various kinds of weather depending on location, but overall is tropical with mild temperatures year-round, moderate humidity and significant rainfall differences across the islands. Near the ocean, average rainfall is around 25 to 30 inches annually, though some areas receive as much as 15 times that amount and others receive as little as a third of that amount, according to the National Weather Service.
The median home value in Hawaii is $620,100 and prices are expected to rise 2% in the coming year. Given this average, many homes fall near or above the federal maximum reverse mortgage lending limit of $1,149,825 that applies to all HECM loans. For more borrowing power above the federal limit, there are jumbo reverse mortgage programs available.
Other Areas of Interest in Hawaii
Hawaii Approved Reverse Mortgage Counseling Agencies
| Agency Name | Phone | Agency ID | Address | Languages | Website |
|---|---|---|---|---|---|
| COASTAL ENTERPRISES, INCORPORATED | 207-504-5900 | 80985 | 30 Federal Street Suite 100 BRUNSWICK, Maine 04011-1510 | English Spanish | www.ceimaine.org |
Did you know? Hawaii state does not mandate in-person counsleing. Visit our counseling page for a list of phone-based counseling agencies and conduct your required counseling from the comfort of your home.
Additional Resources:
Reversemortgage.org NRMLA Members in Hawaii: https://www.reversemortgage.org/Find-a-Lender/state/HI
HUD.GOV Approved Lenders Search: https://www.hud.gov/program_offices/housing/sfh/lender/lenderlist
