Maricopa County, AZ Reverse Mortgage Snapshot
FIPS: 04013 • Phoenix-Mesa-Chandler, AZ • Market Tier: High Volume
Maricopa County Executive BLUF Summary
Maricopa County is one of the highest-volume retirement markets in the Southwest. The Sun City, Scottsdale, and Mesa corridors demonstrate heavy adoption of HECM for Purchase by out-of-state retirees looking to purchase retirement properties without recurring monthly mortgage bills.
Strategic Key Takeaways
- •Estimated Senior Home Equity (62+): $260 Billion.
- •Average Maximum Claim Amount (MCA): $530,000.
- •Senior Homeownership Rate: 82.4%.
- •Regulatory: Standard FHA HUD underwriting and independent counseling protocol.
920,000 seniors (Age 62+)
Prior Year: 1,020
Median Home: $450,000
FHA Cap: $1,149,825
Maricopa County Endorsement & MCA Trajectory
Annual FHA single-family reverse mortgage activity
Top FHA Approved Reverse Mortgage Lenders in Maricopa County
Mutual of Omaha Mortgage
Direct Endorsement Approved
Fairway Independent Mortgage
Direct Endorsement Approved
Finance of America Reverse
Direct Endorsement Approved
Longbridge Financial
Direct Endorsement Approved
Estimate HECM Line of Credit for Maricopa County Homeowners
Institutional FHA HECM Principal Limit Calculator
HUD Mortgagee Letter 2017-17 Calibrated • 2026 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 | $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 |