Reverse Mortgage Estimate

Reverse mortgage by state

A HECM, the FHA-insured reverse mortgage for homeowners 62 and older, follows one federal rule book, but each state adds its own protections and tax help.

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22,318HUD-insured reverse mortgages, October 2025 to August 2026
3,697in California, 16.57% of all
1,845in Florida, 8.27% of all
1,570in Texas, 7.03% of all
Row of different American houses on a tree lined street

Rules and loans for reverse mortgages, state by state

For any state you pick, the page explains its reverse mortgage law, relief on property taxes for older owners, who licenses lenders there, and the top lenders and counties for HUD-insured loans.

A look at HUD-insured reverse mortgages for each state

StateLoansShareMedian home valueMedian rate
California3,69716.57%$802,0005.75%
Florida1,8458.27%$400,0005.75%
Texas1,5707.03%$305,0005.875%
Arizona9974.47%$420,0005.75%
Colorado9154.1%$530,0005.75%
Washington8613.86%$598,0005.75%
North Carolina8063.61%$347,5005.875%
Tennessee6662.98%$340,5005.75%
Utah6572.94%$530,0005.625%
Georgia6342.84%$338,0005.75%
New Jersey6202.78%$530,0005.875%
New York6192.77%$740,0005.875%
Virginia6042.71%$365,0005.875%
Pennsylvania5882.63%$319,5005.875%
Oregon5092.28%$475,0005.75%
South Carolina4652.08%$335,0005.75%
Massachusetts4552.04%$645,0005.875%
Ohio4552.04%$269,0005.875%
Nevada4331.94%$450,0005.75%
Michigan4101.84%$274,5005.75%
Maryland3681.65%$429,0005.75%
Idaho3641.63%$440,5005.75%
Illinois3531.58%$323,0005.875%
Indiana3431.54%$275,0005.75%
Connecticut2451.1%$428,0005.875%
Missouri2351.05%$277,0005.875%
Minnesota2150.96%$350,0005.875%
Alabama2040.91%$270,0005.875%
Wisconsin1850.83%$330,0005.75%
New Mexico1800.81%$351,0005.75%
Oklahoma1470.66%$259,0005.875%
Kentucky1460.65%$279,0005.75%
Maine1430.64%$466,0005.75%
Louisiana1360.61%$240,0005.875%
Arkansas1340.6%$270,5005.75%
Montana1330.6%$493,0005.875%
New Hampshire1100.49%$502,5005.75%
Kansas990.44%$294,0005.875%
Hawaii950.43%$1,015,0005.875%
Delaware930.42%$394,0005.75%
Rhode Island910.41%$515,0005.625%
Nebraska900.4%$280,0005.875%
Iowa870.39%$245,0005.875%
Mississippi680.3%$230,0005.875%
Wyoming590.26%$383,0005.75%
South Dakota560.25%$377,5005.9375%
West Virginia420.19%$242,0005.875%
Vermont340.15%$449,5005.8125%
District of Columbia280.13%$736,5005.9375%
Alaska150.07%$455,0006%
North Dakota130.06%$300,0006%

Download the table as hecm-loans-by-state.csv. The counts come from HUD's monthly HECM endorsement data on hud.gov and cover October 2025 to August 2026.

The state you live in doesn't affect how much you can borrow. HUD applies a single national lending limit and one standard factor table. The differences come from your home's value, the closing costs in your area and any property tax help your state provides. Before anything else, every borrower speaks with a HUD-approved counselor.

Want a quote for your state? Call (833) 962-5300. A reverse mortgage specialist answers; we are not a lender.