#13
South River Mortgage
Annapolis, MD•FHA ID: FHA-45920•Licensed in 38 States
4.8(940 reviews)
Direct EndorsementSouth River Mortgage Institutional BLUF
Institutional VerifiedAugust 2026 (HUD FHA Single-Family Release)
Mid-Atlantic direct-to-consumer originator specializing in consultative senior counseling, debt consolidation, and rapid 29-day closing turnarounds.
Strategic Key Takeaways
- •National Rank: #13 with 2% total HECM market share.
- •Annual Endorsements: 690 loans.
- •Average speed-to-close: 29 days from counseling certificate issuance.
- •Supported products: FHA HECM Standard, HECM Refinance.
National Market Share
2%+16.0%
Rank #13 in United States
Endorsements YTD
690Annual Volume
FHA Direct Endorsement
Avg Turn Time
29 DaysUnderwriting Pace
Application to Close
State Licensing
38/50Direct Authority
Nationwide Footprint
Product Offerings & Specializations
FHA HECM StandardStandard HUD FHA-insured reverse mortgage with non-recourse protections.
HECM RefinanceStandard HUD FHA-insured reverse mortgage with non-recourse protections.
Calculate Your HECM Limits with South River Mortgage
Institutional FHA HECM Principal Limit Calculator
HUD Mortgagee Letter 2017-17 Calibrated • 2026 FHA MCA Cap: $1,149,825
Non-Recourse Insured
Quick Scenarios:
$650,000
$150KFHA Cap: $1.15M$2.5M+ (Jumbo)
72 Years Old
Age 62 (Min)Age 75Age 95
$120,000
$0 (Free & Clear)$400K$800K
6.25%
4.00%6.25%8.50%
Eligible Non-Borrowing Spouse (NBS) Protection
Under HUD ML 2014-07, spouses of any age can be named as an Eligible Non-Borrowing Spouse, securing statutory rights to remain in the home indefinitely after the borrowing spouse passes away.
Net Available Principal Limit (LOC / Cash Payout)
$148,300PLF: 44.2%
Available immediately as an unused, guaranteed growing Line of Credit, or distributed as monthly tenure payments for life.
Gross Principal Limit$287,300
Tenure Monthly Payout$984/mo
Mandatory Debt Payoff$120,000
Max Claim Limit (Cap)$650,000
FHA Upfront MIP (2%)$13,000
Est. Total Closing Costs$19,000
10-Year Line of Credit Compounding Trajectory
| Year | Available Line | Loan Balance | Est. Retained Equity |
|---|---|---|---|
| Year 0 | $148,300 | $139,000 | $511,000 |
| Year 2 | $168,996 | $158,398 | $537,898 |
| Year 4 | $192,581 | $180,504 | $565,386 |
| Year 6 | $219,457 | $205,694 | $593,322 |
| Year 8 | $250,083 | $234,400 | $621,526 |
| Year 10 | $284,984 | $267,112 | $649,777 |
Plain-English Borrower Safeguards:
Zero Monthly Mortgage Bills
You Retain 100% Home Title
Tax-Free Loan Proceeds
Non-Recourse Protection for Heirs
Machine & Academic Citation Index
ReversePulse Research Board. (August 2026). "South River Mortgage (FHA ID: FHA-45920) Reverse Mortgage Institutional Scorecard." Systemores Institutional Reverse Mortgage Intelligence. Retrieved from https://reverse.systemores.com/lenders/south-river-mortgage
Provenance: HUD FHA Direct Endorsement Records & Reverse Market Insight