#47
Alaska Reverse Mortgage Market Report
Statewide HECM Portfolio • Regulatory Framework: Standard HUD/FHA
17 Active FHA Lenders
Alaska Executive Market BLUF
Institutional VerifiedAugust 2026 (HUD FHA Single-Family Release)
Alaska features elevated living costs where HECM lines of credit assist long-term homeowners in Anchorage and Wasilla.
Strategic Key Takeaways
- •Statewide senior home equity: $30.0 Billion.
- •Average Maximum Claim Amount (MCA): $416,000.
- •Annual endorsement momentum: +9.1% YoY.
- •Regulatory category: Standard HUD/FHA.
Total Senior Equity Pool
$30BEquity Pool
120,000 seniors age 62+
Total HECM Volume
$0.05B+9.1%
Rank #47 Nationwide
Endorsements YTD
120Annual Pace
Prior Year: 110
Average MCA
$416,000FHA Insured
Median Home: $360,000
Alaska HECM Endorsement History
Annual volume trajectory vs average claim amount
Endorsements
Avg MCA
120 loans
2024 YTD
Latest Endorsements120
Average Claim (MCA)$416,000
Line of Credit Share89.5%
Avg Borrower Age73.8 yrs
Top HECM Origination Counties in Alaska
30 Total Counties TrackedAlaska County-Level HECM & Senior Equity Directory (30 Jurisdictions)
Complete county-by-county reverse mortgage endorsements, average Maximum Claim Amounts, and senior housing wealth in Alaska.
| County | FIPS | Endorsements YTD | Avg MCA | Senior Equity | YoY Velocity |
|---|---|---|---|---|---|
| Anchorage Municipality | 02020 | 70 | $392,904 | $5.1B | +6.5% |
| Fairbanks North Star Borough | 02090 | 38 | $298,944 | $1.3B | +6.5% |
| Kenai Peninsula Borough | 02122 | 36 | $303,372 | $1.3B | +6.5% |
| Matanuska-Susitna Borough | 02170 | 30 | $320,652 | $1.7B | +6.5% |
| Juneau City and Borough | 02110 | 15 | $436,968 | $0.8B | +6.5% |
| Ketchikan Gateway Borough | 02130 | 7 | $389,880 | $0.3B | +6.5% |
| Kodiak Island Borough | 02150 | 5 | $383,400 | $0.2B | +6.5% |
| Skagway Municipality | 02230 | 4 | $469,044 | $0.0B | +6.5% |
| Sitka City and Borough | 02220 | 4 | $458,676 | $0.2B | +6.5% |
| Aleutians West Census Area | 02016 | 4 | $407,268 | $0.1B | +6.5% |
| Chugach Census Area | 02063 | 4 | $310,932 | $0.1B | +6.5% |
| Haines Borough | 02100 | 4 | $312,336 | $0.1B | +6.5% |
| Petersburg Borough | 02195 | 4 | $302,184 | $0.1B | +6.5% |
| Wrangell City and Borough | 02275 | 4 | $295,704 | $0.1B | +6.5% |
| Bristol Bay Borough | 02060 | 4 | $273,672 | $0.0B | +6.5% |
| Hoonah-Angoon Census Area | 02105 | 4 | $263,304 | $0.1B | +6.5% |
| Copper River Census Area | 02066 | 4 | $253,908 | $0.0B | +6.5% |
| Denali Borough | 02068 | 4 | $245,160 | $0.0B | +6.5% |
| Prince of Wales-Hyder Census Area | 02198 | 4 | $238,464 | $0.1B | +6.5% |
| Southeast Fairbanks Census Area | 02240 | 4 | $239,976 | $0.1B | +6.5% |
| North Slope Borough | 02185 | 4 | $209,304 | $0.1B | +6.5% |
| Nome Census Area | 02180 | 4 | $195,804 | $0.1B | +6.5% |
| Aleutians East Borough | 02013 | 4 | $177,228 | $0.0B | +6.5% |
| Dillingham Census Area | 02070 | 4 | $181,116 | $0.0B | +6.5% |
| Lake and Peninsula Borough | 02164 | 4 | $180,360 | $0.0B | +6.5% |
| Yakutat City and Borough | 02282 | 4 | $164,268 | $0.0B | +6.5% |
| Northwest Arctic Borough | 02188 | 4 | $158,976 | $0.0B | +6.5% |
| Bethel Census Area | 02050 | 4 | $130,248 | $0.1B | +6.5% |
| Yukon-Koyukuk Census Area | 02290 | 4 | $93,528 | $0.0B | +6.5% |
| Kusilvak Census Area | 02158 | 4 | $88,776 | $0.0B | +6.5% |
Calculate Borrowing Power in Alaska
Institutional FHA HECM Principal Limit Calculator
HUD Mortgagee Letter 2017-17 Actuarial Matrix • Active 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)
$149,600PLF: 44.4%
Available immediately as an unused, guaranteed growing Line of Credit, or distributed as monthly tenure payments for life.
Gross Principal Limit$288,600
Tenure Monthly Payout$992/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 | $149,600 | $139,000 | $511,000 |
| Year 2 | $170,478 | $158,398 | $537,898 |
| Year 4 | $194,269 | $180,504 | $565,386 |
| Year 6 | $221,380 | $205,694 | $593,322 |
| Year 8 | $252,275 | $234,400 | $621,526 |
| Year 10 | $287,482 | $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). "Alaska Reverse Mortgage (HECM) Market Intelligence Report." Systemores Institutional Reverse Mortgage Intelligence. Retrieved from https://reverse.systemores.com/trends/alaska
Provenance: HUD FHA Single-Family Datasets & Alaska Housing Division