Delaware Reverse Mortgage Market Report
Statewide HECM Portfolio • Regulatory Framework: Standard HUD/FHA
Delaware Executive Market BLUF
Sussex County (Rehoboth Beach / Lewes) is a prime mid-Atlantic coastal retirement destination with high HECM for Purchase adoption.
Strategic Key Takeaways
- •Statewide senior home equity: $65.0 Billion.
- •Average Maximum Claim Amount (MCA): $428,000.
- •Annual endorsement momentum: +16.7% YoY.
- •Regulatory category: Standard HUD/FHA.
260,000 seniors age 62+
Rank #42 Nationwide
Prior Year: 180
Median Home: $365,000
Delaware HECM Endorsement History
Annual volume trajectory vs average claim amount
Top HECM Origination Counties in Delaware
3 Total Counties TrackedDelaware County-Level HECM & Senior Equity Directory (3 Jurisdictions)
Complete county-by-county reverse mortgage endorsements, average Maximum Claim Amounts, and senior housing wealth in Delaware.
| County | FIPS | Endorsements YTD | Avg MCA | Senior Equity | YoY Velocity |
|---|---|---|---|---|---|
| Sussex County | 10005 | 110 | $350,352 | $9.2B | +6.5% |
| Kent County | 10001 | 107 | $294,084 | $3.5B | +6.5% |
| New Castle County | 10003 | 70 | $336,960 | $11.7B | +6.5% |
Calculate Borrowing Power in Delaware
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 |