Palm Beach County, FL Reverse Mortgage Snapshot
FIPS: 12099 • Miami-Fort Lauderdale-Pompano Beach, FL • Market Tier: High Volume
Palm Beach County Executive BLUF Summary
Palm Beach County (Boca Raton, Delray Beach, Palm Beach Gardens) features high MCA valuations and substantial demand for proprietary jumbo reverse mortgages.
Strategic Key Takeaways
- •Estimated Senior Home Equity (62+): $170 Billion.
- •Average Maximum Claim Amount (MCA): $650,000.
- •Senior Homeownership Rate: 81.2%.
- •Regulatory: Standard FHA counseling protocol.
490,000 seniors (Age 62+)
Prior Year: 680
Median Home: $560,000
FHA Cap: $1,149,825
Palm Beach County Endorsement & MCA Trajectory
Annual FHA single-family reverse mortgage activity
Top FHA Approved Reverse Mortgage Lenders in Palm Beach County
Mutual of Omaha Mortgage
Direct Endorsement Approved
Finance of America Reverse
Direct Endorsement Approved
Longbridge Financial
Direct Endorsement Approved
Estimate HECM Line of Credit for Palm Beach 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 |