Homebridge was founded in 1989 and has since become one of the top 10 privately held, non-bank reverse mortgage companies. The company provides loans from conventional to reverse mortgages. Its reverse mortgage plan follows the basic FHA approved reverse mortgages (HECM and H4P).
Reverse mortgages can be done completely over the phone, but being able to talk to someone face to face is comforting. One of Homebridge’s greatest features is the fact that you can go in and meet with a loan officer face to face.
This is an important difference. Many companies have computer-generated algorithms that are supposed to give you a good deal. The problem is that every situation is not the same, and these algorithms may not be in your best interest. Homebridge’s algorithm is completely different, because it relies on both the “average” and on the individual by considering input from local experts. This allows the algorithm to have a factor other companies do not have: it has you.
Homebridge Financial Services does not have many options when it comes to reverse mortgage loans. Homebridge only uses the traditional, government associated reverse mortgages.