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Longbridge Financial Advances Borrower-First Solutions with New Platinum Enhancements and Competitive 7.99% Rate

via Business Wire

In a dynamic rate environment, Longbridge introduces new solutions to help older homeowners access their home equity with greater flexibility

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.

“Retirees today want choices that fit their lives,” said Melissa Macerato, Chief Revenue & Marketing Officer. “Whether it’s a flexible line of credit, features that help preserve equity, or a lower rate option on a proprietary reverse, we’re building a suite of tools that meets borrowers where they are and helps our partners meet more needs in a dynamic market.”

HELOC For Seniors, launched earlier this year in partnership with Figure Technology Solutions, is the first home equity line of credit designed specifically for homeowners aged 62 and older.

About Longbridge Financial, LLC

Longbridge Financial (NMLS #957935) is a nationally recognized financial services company dedicated to helping older homeowners and retirees unlock the power of their home equity through flexible, responsible solutions tailored to support long-term financial well-being. Founded in 2012 and led by a respected Ivy League professor, Longbridge Financial combines deep industry expertise with a commitment to education, innovation, and transparency. The company is driven by a mission to empower aging Americans with the tools and insights they need to make confident financial decisions in retirement. Known for its exceptional customer service, competitive pricing, and professional integrity, Longbridge Financial is helping redefine what financial security can look like for today’s retirees.

For more information about Longbridge Financial or interview requests, please visit longbridge-financial.com/newsroom.

1 Interest rates and funds available may change daily without notice. APR will depend on other loan terms.

2 Available to borrowers as young as 55 in select states only. Higher minimum age requirements may apply.

3 Subject to terms and conditions of the Platinum Preserve program.

Longbridge Financial advances borrower-first solutions with new Platinum enhancements and a competitive 7.99% rate, supporting its ongoing mission to expand affordability and help older homeowners access their home equity more flexibly and responsibly.

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