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 and 2015 reverse mortgage data for each state.


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Standard Reverse Mortgages:
Reverse Mortgage Refinances:
Total:

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Snapshot of the United States (2015)

56,363 REVERSE MORTGAGES
$9.3
Billion
in Financing
$168,400
Avg. Principal Limit
3.38%
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 (50-80%). The principal limit is determined by multiplying the home value (up to $636,150 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 50-80% 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.

State Reverse Mortgages Refinances Total Avg. Interest Rate Avg. Principal Limit Avg. Home Value
Source: U.S. Department of Housing and Urban Development

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