Arizona Reverse Mortgage Market Report
Statewide HECM Portfolio • Regulatory Framework: Standard HUD/FHA
Arizona Executive Market BLUF
Arizona’s Sun City and Scottsdale communities are historic epicenters of reverse mortgage adoption. With senior homeownership rates exceeding 81% in Maricopa County, Arizona is a prime testbed for HECM for Purchase downsizing programs.
Strategic Key Takeaways
- •Statewide senior home equity: $540.0 Billion.
- •Average Maximum Claim Amount (MCA): $512,000.
- •Annual endorsement momentum: +14.5% YoY.
- •Regulatory category: Standard HUD/FHA.
1,620,000 seniors age 62+
Rank #6 Nationwide
Prior Year: 1,520
Median Home: $430,000
Arizona HECM Endorsement History
Annual volume trajectory vs average claim amount
Top HECM Origination Counties in Arizona
15 Total Counties TrackedArizona County-Level HECM & Senior Equity Directory (15 Jurisdictions)
Complete county-by-county reverse mortgage endorsements, average Maximum Claim Amounts, and senior housing wealth in Arizona.
| County | FIPS | Endorsements YTD | Avg MCA | Senior Equity | YoY Velocity |
|---|---|---|---|---|---|
| Maricopa County | 04013 | 1,180 | $530,000 | $260.0B | +15.7% |
| Pima County | 04019 | 320 | $420,000 | $65.0B | +14.3% |
| Mohave County | 04015 | 225 | $252,396 | $6.3B | +6.5% |
| Yuma County | 04027 | 135 | $187,380 | $2.8B | +6.5% |
| Pinal County | 04021 | 110 | $290,412 | $9.8B | +6.5% |
| Cochise County | 04003 | 97 | $197,640 | $2.1B | +6.5% |
| Yavapai County | 04025 | 80 | $382,644 | $11.1B | +6.5% |
| Navajo County | 04017 | 68 | $178,848 | $1.4B | +6.5% |
| Coconino County | 04005 | 65 | $409,752 | $3.0B | +6.5% |
| Gila County | 04007 | 53 | $240,300 | $1.4B | +6.5% |
| Apache County | 04001 | 35 | $67,392 | $0.3B | +6.5% |
| Santa Cruz County | 04023 | 29 | $212,436 | $0.7B | +6.5% |
| La Paz County | 04012 | 22 | $126,900 | $0.3B | +6.5% |
| Graham County | 04009 | 18 | $192,564 | $0.4B | +6.5% |
| Greenlee County | 04011 | 4 | $101,412 | $0.1B | +6.5% |
Calculate Borrowing Power in Arizona
Institutional FHA HECM Principal Limit Calculator
HUD Mortgagee Letter 2017-17 Actuarial Matrix • Active FHA MCA Cap: $1,149,825
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.
Available immediately as an unused, guaranteed growing Line of Credit, or distributed as monthly tenure payments for life.
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 |