Reverse Mortgage Statistics

A reverse mortgage is a fantastic way for seniors to receive financial benefits and eliminate all monthly mortgage payments. The interactive map below allows you to get a snapshot of 2017 reverse mortgage rates for each state.

Reverse Mortgage Statistics
Standard Reverse Mortgages:
Reverse Mortgage Refinances:
Reverse Mortgage Purchases:

Reverse Mortgage State Statistics

Snapshot of the United States (2017)


in Financing
Avg. Principal Limit
Avg. Interest Rate
Reverse Mortgage Data by State

The chart below shows additional statistics by state. The large amount that can be received (principal limit) can be compared to the home values. The principal limit is determined by multiplying the home value (up to $679,650 as of 2017) by the principal limit factor, which is determined by the age of the youngest borrower and the average interest rate.

Reverse mortgages give you access to a percentage of your home estimate, called the Principal Limit. This benefit allows you to maintain complete ownership of your home without a time constraint. The Principal Limit amount can be received as monthly installments, a line of credit, or an upfront lump sum. A reverse mortgage allows you to pay off any other existing mortgages, subsidize health care, make home improvements, help family members, or make lifestyle enhancements.

(Please click the year of interest)

2017 2016 2015 2014 2013
State HECM Traditional HECM For Refinance HECM For Purchase Total Avg. Interest Rate Avg. Principal Limit Avg. Home Value
Source: U.S. Department of Housing and Urban Development