ZapRates Reverse Mortgages Review

Rating: 8 / 10 (Very good)
Disclosure: We receive advertising revenue from this partner. 
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ZapRates is an online lending marketplace that connects consumers with multiple lenders who offer may types of reverse mortgage loans. They also help consumers find other home and business loans, as well as hard money loans which are popular with house flippers.

How is ZapRates rated?


Lender Details
Consumer Experience

Overall Rating: 8 / 10 (Very good)

As a marketplace, ZapRates gives consumers a tool to do their due diligence when shopping around for reverse mortgage loans. With an easy-to-use online quote tool and the availability of pre-approved loan offers from up to four lenders, consumers should strongly consider consulting ZapRate to find the right reverse mortgage lender.

Lender Details

Lender Type

Lender Details - 8 / 10

ZapRates is an online marketplace for consumers looking for reverse mortgage loans, as well as other kinds of home and business-related financing. With ZapRates, consumers can submit a single application for loan pre-approval and receive and compare multiple offers from up to 4 direct lenders in just 2 minutes. Specific information about HECM loan value, regulatory actions, and other details will vary from lender to lender. Consumers should research each lender to learn more.

ZapRates Loans

Loan Types
HECM Traditional
HECM for Purchase
HECM Refinance
Proprietary Reverse Mortgage
Payout Options
Lump Sum Payment
Monthly Payments
Line of Credit

Loans - 8 / 10

As a marketplace that connects homeowners with multiple lenders, ZapRates allows consumers access to multiple reverse mortgage options and many forms of payout. Comparing two or more loans is a must for consumers who want to get the best deal possible. ZapRates also lets consumers search for other kinds of loans, like mortgage refinancing, hard money loans, and small business loans. Consumers who want to learn more about home loans must contact the direct lender; for all other loans you can contact ZapRates.

ZapRates Consumer Experience

Total Consumer Financial Protection Bureau Complaints
Site Features & Mobile App
Online Application
Online Quote

Consumer Experience - 8 / 10

ZapRate was established in 2017. Because of its relative newness, it does not yet have a BBB profile or a presence on Trustpilot. This makes it more complicated to judge customer sentiment about the service. However, a handful of reviews on social media are overwhelmingly positive.

Contact & Additional Info

Homepage URL
Company Phone
(800) 969-5701
Headquarters Address
550 Cochituate Road, Suite 25, Framingham, MA, 01701
Year Founded

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Top Rated
Our Partner
10 / 10
  • Our # 1 Choice, BBB Accredited, #1 Reverse Mortgage Lender in the nation
  • Meet with a Licensed Professional to discuss your personal needs, depending on your location.
  • Customer service agents readily available 24/7 to answer your questions
  • Approved Member of US Department of Housing and Urban Development
  • 96% Customer Satisfaction Rating
  • Eligibility: Age 62+, $100K+ home value with 50%+ equity
  • Free Information Kit on Pros & Cons