In a dynamic rate environment, Longbridge introduces new solutions to help older homeowners access their home equity with greater flexibility
PARAMUS, N.J., November 18, 2025–(BUSINESS WIRE)–Longbridge Financial, LLC, a leading national lender and servicer specializing in home equity solutions for older Americans, today announced a new 7.99% rate1 available through the company’s Platinum proprietary reverse mortgage suite. The rate supports Longbridge’s ongoing mission to expand affordability and reflects the company’s continued commitment to innovation that helps older homeowners access their home equity more flexibly and responsibly. Longbridge also announced key enhancements to its Platinum Line of Credit, expanding borrowing flexibility and affordability.
According to the National Reverse Mortgage Lenders Association (NRMLA), homeowners aged 62 and older now hold more than $14 trillion in home equity, the highest level on record. Yet, much of that wealth remains untapped, even as retirees face rising living costs and limited access to traditional lending.
“In today’s market, older homeowners collectively hold a record $14 trillion in home equity, more than ever before,” said Chris Mayer, CEO of Longbridge Financial. “At the same time, many are navigating higher costs and credit challenges. Offering a competitive 7.99% rate reinforces our commitment to making home equity access more affordable and flexible for today’s retirees.”
The Longbridge Platinum suite is a proprietary, non-FHA reverse mortgage program designed for homeowners aged 55 and older2. Platinum offers borrowers a range of options, such as single-draw, fixed-rate loans and adjustable-rate lines of credit, with no required monthly mortgage payments (provided the borrower meets loan terms, like keeping current with property taxes, insurance, and maintenance) and no upfront FHA mortgage insurance premium. The suite is built to deliver greater flexibility, higher proceeds for qualified borrowers, and a streamlined approval process compared to traditional Home Equity Conversion Mortgages (HECMs).
As part of ongoing product evolution, Longbridge has introduced several enhancements to its Platinum Line of Credit to help borrowers maximize flexibility and access. These include an increase in the Principal Limit Factor (PLF) to support greater borrowing potential and a rate reduction to further improve affordability and borrower choice.
Within the Platinum suite, borrowers can also choose to include Platinum Preserve, a first-of-its-kind feature introduced in May 2025 that allows homeowners to set aside between 10% and 40% of their home equity for future needs or inheritance3. Preserve provides a way to access part of a borrower’s equity today while retaining a portion for legacy or long-term planning, giving borrowers “the best of both worlds,” flexibility today with the ability to preserve home equity to meet their goals in the future.