Reverse Mortgages in Your State

HECM Loan Amounts

The most popular reverse mortgage utilized by more homeowners than any other loan is the FHA/HECM (Home Equity Conversion Mortgage). The HECM loan is available in every state. However, the loan limit or maximum loan amount varies state by state and county by county. High cost of living areas are allowed a higher loan limit than less expensive areas of the country. The highest loan limits are offered in states like California, New York, New Jersey, Massachusetts, Washington, and Illinois.

You can find out your home's maximum loan limit by utilizing this link for the HECM reverse mortgage limits calculator, and inputting the name of your state or county into the search box.

If you prefer, please feel free to call us toll-free for more information about loan limits in your state. CALL 1-888-269-1098

Proprietary Reverse Mortgage Limits

Proprietary reverse mortgages (other than the HECM) are offered by various lenders throughout the country. Mainly the proprietary loans are used by homeowners that have exceptionally high value properties. Often times the proprietary reverse mortgages will offer a much higher loan amount than the HECM reverse mortgage. This is an advantage for someone with a very high priced home with a lot of equity. However, these loans usually do not offer as many options for how to receive the loan proceeds as the HECM reverse mortgage. The proprietary loans also are not insured by FHA like the HECM is.

State by State Considerations

Each state varies with regard to closing costs. With the HECM reverse mortgage the government mandates that third party closing costs, such as appraisal, title, termite inspection, etc. not exceed what is "customary" for the local market place. Lenders that offer proprietary reverse mortgage products generally adhere to this practice as well, in order to remain competitive.

Specific requirements for applying for or obtaining a reverse mortgage in your state can be found within the individual state listings below. If your state is not listed please contact one of our reverse mortgage specialists, FREE on 1-888-269-1098

Find Reverse Mortgage Information for Your State

• Arizona - AZ
• Arkansas - AR
• California - CA
• Colorado - CO
• Florida - FL
• Georgia - GA
• Indiana - IN
• Illinois - IL
• Iowa - IA
• Maryland - MD
• Massachusetts - MA
• Michigan - MI
• Missouri - MO
• New Jersey - NJ
• New York - NY
• North Carolina - NC
• Ohio - OH
• Oregon - OR
• Pennsylvania - PA
• South Dakota - SD
• Texas - TX
• Utah - UT
• Virginia - VA
• Washington - WA

If your state is not listed, please phone our Toll Free number 1-888-269-1098 for further information.