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.
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.

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.
| State | Loans | Share | Median home value | Median rate |
|---|---|---|---|---|
| California | 3,697 | 16.57% | $802,000 | 5.75% |
| Florida | 1,845 | 8.27% | $400,000 | 5.75% |
| Texas | 1,570 | 7.03% | $305,000 | 5.875% |
| Arizona | 997 | 4.47% | $420,000 | 5.75% |
| Colorado | 915 | 4.1% | $530,000 | 5.75% |
| Washington | 861 | 3.86% | $598,000 | 5.75% |
| North Carolina | 806 | 3.61% | $347,500 | 5.875% |
| Tennessee | 666 | 2.98% | $340,500 | 5.75% |
| Utah | 657 | 2.94% | $530,000 | 5.625% |
| Georgia | 634 | 2.84% | $338,000 | 5.75% |
| New Jersey | 620 | 2.78% | $530,000 | 5.875% |
| New York | 619 | 2.77% | $740,000 | 5.875% |
| Virginia | 604 | 2.71% | $365,000 | 5.875% |
| Pennsylvania | 588 | 2.63% | $319,500 | 5.875% |
| Oregon | 509 | 2.28% | $475,000 | 5.75% |
| South Carolina | 465 | 2.08% | $335,000 | 5.75% |
| Massachusetts | 455 | 2.04% | $645,000 | 5.875% |
| Ohio | 455 | 2.04% | $269,000 | 5.875% |
| Nevada | 433 | 1.94% | $450,000 | 5.75% |
| Michigan | 410 | 1.84% | $274,500 | 5.75% |
| Maryland | 368 | 1.65% | $429,000 | 5.75% |
| Idaho | 364 | 1.63% | $440,500 | 5.75% |
| Illinois | 353 | 1.58% | $323,000 | 5.875% |
| Indiana | 343 | 1.54% | $275,000 | 5.75% |
| Connecticut | 245 | 1.1% | $428,000 | 5.875% |
| Missouri | 235 | 1.05% | $277,000 | 5.875% |
| Minnesota | 215 | 0.96% | $350,000 | 5.875% |
| Alabama | 204 | 0.91% | $270,000 | 5.875% |
| Wisconsin | 185 | 0.83% | $330,000 | 5.75% |
| New Mexico | 180 | 0.81% | $351,000 | 5.75% |
| Oklahoma | 147 | 0.66% | $259,000 | 5.875% |
| Kentucky | 146 | 0.65% | $279,000 | 5.75% |
| Maine | 143 | 0.64% | $466,000 | 5.75% |
| Louisiana | 136 | 0.61% | $240,000 | 5.875% |
| Arkansas | 134 | 0.6% | $270,500 | 5.75% |
| Montana | 133 | 0.6% | $493,000 | 5.875% |
| New Hampshire | 110 | 0.49% | $502,500 | 5.75% |
| Kansas | 99 | 0.44% | $294,000 | 5.875% |
| Hawaii | 95 | 0.43% | $1,015,000 | 5.875% |
| Delaware | 93 | 0.42% | $394,000 | 5.75% |
| Rhode Island | 91 | 0.41% | $515,000 | 5.625% |
| Nebraska | 90 | 0.4% | $280,000 | 5.875% |
| Iowa | 87 | 0.39% | $245,000 | 5.875% |
| Mississippi | 68 | 0.3% | $230,000 | 5.875% |
| Wyoming | 59 | 0.26% | $383,000 | 5.75% |
| South Dakota | 56 | 0.25% | $377,500 | 5.9375% |
| West Virginia | 42 | 0.19% | $242,000 | 5.875% |
| Vermont | 34 | 0.15% | $449,500 | 5.8125% |
| District of Columbia | 28 | 0.13% | $736,500 | 5.9375% |
| Alaska | 15 | 0.07% | $455,000 | 6% |
| North Dakota | 13 | 0.06% | $300,000 | 6% |
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.