Because of the complexity of any type of reverse mortgage it's important to find a lender that best suits your needs and a local representative - usually referred to as the originator - you feel comfortable dealing with and whose advice and charges of the product being offered are transparent and fair. The three largest reverse mortgage lenders are FHA (also referred to as HUD or HECM), Fannie Mae and Financial Freedom. Each offers something a little different, so it's important to at least be a little familiar with the types of program each offers.