Broward County, FL Reverse Mortgage Snapshot
FIPS: 12011 • Miami-Fort Lauderdale-Pompano Beach, FL • Market Tier: High Volume
Broward County Executive BLUF Summary
Broward County (Fort Lauderdale, Hollywood, Pembroke Pines) maintains heavy reverse mortgage adoption for eliminating forward mortgages in retirement.
Strategic Key Takeaways
- •Estimated Senior Home Equity (62+): $135 Billion.
- •Average Maximum Claim Amount (MCA): $510,000.
- •Senior Homeownership Rate: 75%.
- •Regulatory: Standard FHA HUD counseling guidelines.
460,000 seniors (Age 62+)
Prior Year: 730
Median Home: $475,000
FHA Cap: $1,149,825
Broward County Endorsement & MCA Trajectory
Annual FHA single-family reverse mortgage activity
Top FHA Approved Reverse Mortgage Lenders in Broward County
Finance of America Reverse
Direct Endorsement Approved
Mutual of Omaha Mortgage
Direct Endorsement Approved
Movement Mortgage
Direct Endorsement Approved
Estimate HECM Line of Credit for Broward 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 |