#13
Illinois Reverse Mortgage Market Report
Statewide HECM Portfolio • Regulatory Framework: Standard HUD/FHA
47 Active FHA Lenders
Illinois Executive Market BLUF
Institutional VerifiedAugust 2026 (HUD FHA Single-Family Release)
Illinois activity is anchored by Cook and the collar counties. Senior property tax relief is a primary motivator for borrowers establishing standby reverse mortgage credit lines.
Strategic Key Takeaways
- •Statewide senior home equity: $580.0 Billion.
- •Average Maximum Claim Amount (MCA): $404,000.
- •Annual endorsement momentum: +5.1% YoY.
- •Regulatory category: Standard HUD/FHA.
Total Senior Equity Pool
$580BEquity Pool
2,450,000 seniors age 62+
Total HECM Volume
$0.42B+5.1%
Rank #13 Nationwide
Endorsements YTD
1,040Annual Pace
Prior Year: 990
Average MCA
$404,000FHA Insured
Median Home: $280,000
Illinois HECM Endorsement History
Annual volume trajectory vs average claim amount
Endorsements
Avg MCA
1,720 loans
2022
1,040 loans
2024 YTD
Latest Endorsements1,040
Average Claim (MCA)$404,000
Line of Credit Share88.6%
Avg Borrower Age74.4 yrs
Top HECM Origination Counties in Illinois
102 Total Counties TrackedIllinois County-Level HECM & Senior Equity Directory (102 Jurisdictions)
Complete county-by-county reverse mortgage endorsements, average Maximum Claim Amounts, and senior housing wealth in Illinois.
| County | FIPS | Endorsements YTD | Avg MCA | Senior Equity | YoY Velocity |
|---|---|---|---|---|---|
| Cook County | 17031 | 440 | $420,000 | $175.0B | +7.3% |
| Will County | 17197 | 321 | $306,288 | $10.9B | +6.5% |
| Kane County | 17089 | 252 | $313,308 | $8.8B | +6.5% |
| Winnebago County | 17201 | 172 | $158,544 | $3.0B | +6.5% |
| McHenry County | 17111 | 162 | $292,248 | $5.3B | +6.5% |
| Madison County | 17119 | 157 | $172,152 | $3.0B | +6.5% |
| DuPage County | 17043 | 150 | $500,000 | $55.0B | +7.1% |
| St. Clair County | 17163 | 141 | $171,180 | $2.7B | +6.5% |
| Sangamon County | 17167 | 122 | $175,392 | $2.4B | +6.5% |
| Lake County | 17097 | 110 | $338,796 | $13.5B | +6.5% |
| Peoria County | 17143 | 107 | $162,432 | $1.9B | +6.5% |
| Rock Island County | 17161 | 95 | $150,984 | $1.6B | +6.5% |
| Champaign County | 17019 | 93 | $208,008 | $2.1B | +6.5% |
| Tazewell County | 17179 | 85 | $171,828 | $1.6B | +6.5% |
| McLean County | 17113 | 80 | $206,604 | $1.8B | +6.5% |
| LaSalle County | 17099 | 70 | $159,192 | $1.2B | +6.5% |
| Macon County | 17115 | 70 | $129,384 | $1.0B | +6.5% |
| Kankakee County | 17091 | 62 | $190,944 | $1.3B | +6.5% |
| Vermilion County | 17183 | 49 | $98,280 | $0.5B | +6.5% |
| Kendall County | 17093 | 48 | $311,148 | $1.7B | +6.5% |
| DeKalb County | 17037 | 45 | $236,088 | $1.2B | +6.5% |
| Adams County | 17001 | 44 | $163,404 | $0.8B | +6.5% |
| Williamson County | 17199 | 43 | $150,660 | $0.7B | +6.5% |
| Whiteside County | 17195 | 39 | $131,976 | $0.6B | +6.5% |
| Knox County | 17095 | 36 | $104,544 | $0.4B | +6.5% |
| Stephenson County | 17177 | 35 | $131,760 | $0.5B | +6.5% |
| Henry County | 17073 | 34 | $150,012 | $0.6B | +6.5% |
| Ogle County | 17141 | 33 | $186,732 | $0.7B | +6.5% |
| Macoupin County | 17117 | 31 | $131,004 | $0.5B | +6.5% |
| Boone County | 17007 | 29 | $196,236 | $0.6B | +6.5% |
| Jackson County | 17077 | 28 | $133,272 | $0.4B | +6.5% |
| Coles County | 17029 | 28 | $123,120 | $0.4B | +6.5% |
| Franklin County | 17055 | 26 | $94,500 | $0.3B | +6.5% |
| Grundy County | 17063 | 25 | $265,032 | $0.8B | +6.5% |
| Bureau County | 17011 | 24 | $129,816 | $0.4B | +6.5% |
| Jefferson County | 17081 | 24 | $124,200 | $0.3B | +6.5% |
| Marion County | 17121 | 24 | $103,896 | $0.3B | +6.5% |
| Woodford County | 17203 | 23 | $200,988 | $0.5B | +6.5% |
| Lee County | 17103 | 23 | $158,868 | $0.4B | +6.5% |
| Livingston County | 17105 | 23 | $138,348 | $0.4B | +6.5% |
| Fulton County | 17057 | 23 | $107,784 | $0.3B | +6.5% |
| Morgan County | 17137 | 22 | $131,760 | $0.3B | +6.5% |
| Christian County | 17021 | 22 | $117,504 | $0.3B | +6.5% |
| Monroe County | 17133 | 21 | $274,428 | $0.7B | +6.5% |
| Jo Daviess County | 17085 | 21 | $193,644 | $0.5B | +6.5% |
| Clinton County | 17027 | 21 | $185,220 | $0.5B | +6.5% |
| Effingham County | 17049 | 20 | $179,820 | $0.4B | +6.5% |
| Randolph County | 17157 | 20 | $139,752 | $0.3B | +6.5% |
| Iroquois County | 17075 | 19 | $130,572 | $0.3B | +6.5% |
| Montgomery County | 17135 | 19 | $110,160 | $0.2B | +6.5% |
| Logan County | 17107 | 17 | $127,656 | $0.3B | +6.5% |
| McDonough County | 17109 | 17 | $108,432 | $0.2B | +6.5% |
| Shelby County | 17173 | 16 | $135,216 | $0.2B | +6.5% |
| Saline County | 17165 | 16 | $94,932 | $0.2B | +6.5% |
| Jersey County | 17083 | 14 | $174,744 | $0.3B | +6.5% |
| Union County | 17181 | 13 | $139,644 | $0.2B | +6.5% |
| Fayette County | 17051 | 13 | $120,420 | $0.2B | +6.5% |
| Hancock County | 17067 | 13 | $112,536 | $0.2B | +6.5% |
| Perry County | 17145 | 13 | $110,160 | $0.2B | +6.5% |
| Edgar County | 17045 | 13 | $101,628 | $0.1B | +6.5% |
| Douglas County | 17041 | 12 | $148,068 | $0.2B | +6.5% |
| Carroll County | 17015 | 12 | $118,692 | $0.2B | +6.5% |
| Crawford County | 17033 | 12 | $116,856 | $0.2B | +6.5% |
| Piatt County | 17147 | 11 | $181,764 | $0.2B | +6.5% |
| Mercer County | 17131 | 11 | $141,480 | $0.2B | +6.5% |
| Wayne County | 17191 | 11 | $116,532 | $0.1B | +6.5% |
| Bond County | 17005 | 10 | $140,724 | $0.2B | +6.5% |
| De Witt County | 17039 | 10 | $130,788 | $0.1B | +6.5% |
| Clark County | 17023 | 10 | $121,392 | $0.1B | +6.5% |
| Richland County | 17159 | 10 | $114,912 | $0.1B | +6.5% |
| White County | 17193 | 10 | $109,080 | $0.1B | +6.5% |
| Mason County | 17125 | 10 | $104,760 | $0.1B | +6.5% |
| Pike County | 17149 | 10 | $104,760 | $0.1B | +6.5% |
| Warren County | 17187 | 10 | $106,056 | $0.1B | +6.5% |
| Washington County | 17189 | 9 | $158,868 | $0.2B | +6.5% |
| Marshall County | 17123 | 9 | $134,568 | $0.1B | +6.5% |
| Massac County | 17127 | 9 | $124,416 | $0.1B | +6.5% |
| Moultrie County | 17139 | 9 | $125,712 | $0.1B | +6.5% |
| Clay County | 17025 | 9 | $111,888 | $0.1B | +6.5% |
| Lawrence County | 17101 | 9 | $101,412 | $0.1B | +6.5% |
| Menard County | 17129 | 8 | $191,268 | $0.2B | +6.5% |
| Johnson County | 17087 | 8 | $152,496 | $0.1B | +6.5% |
| Ford County | 17053 | 8 | $122,472 | $0.1B | +6.5% |
| Greene County | 17061 | 8 | $99,792 | $0.1B | +6.5% |
| Wabash County | 17185 | 8 | $101,628 | $0.1B | +6.5% |
| Cumberland County | 17035 | 7 | $125,280 | $0.1B | +6.5% |
| Cass County | 17017 | 7 | $99,360 | $0.1B | +6.5% |
| Jasper County | 17079 | 6 | $127,332 | $0.1B | +6.5% |
| Hamilton County | 17065 | 5 | $108,324 | $0.1B | +6.5% |
| Henderson County | 17071 | 5 | $107,784 | $0.1B | +6.5% |
| Schuyler County | 17169 | 5 | $108,540 | $0.1B | +6.5% |
| Putnam County | 17155 | 4 | $174,420 | $0.1B | +6.5% |
| Calhoun County | 17013 | 4 | $173,772 | $0.1B | +6.5% |
| Pope County | 17151 | 4 | $148,500 | $0.1B | +6.5% |
| Brown County | 17009 | 4 | $131,868 | $0.1B | +6.5% |
| Edwards County | 17047 | 4 | $100,116 | $0.1B | +6.5% |
| Scott County | 17171 | 4 | $102,600 | $0.0B | +6.5% |
| Stark County | 17175 | 4 | $103,572 | $0.1B | +6.5% |
| Hardin County | 17069 | 4 | $97,848 | $0.0B | +6.5% |
| Gallatin County | 17059 | 4 | $87,480 | $0.0B | +6.5% |
| Pulaski County | 17153 | 4 | $88,128 | $0.0B | +6.5% |
| Alexander County | 17003 | 4 | $63,288 | $0.0B | +6.5% |
Calculate Borrowing Power in Illinois
Institutional FHA HECM Principal Limit Calculator
HUD Mortgagee Letter 2017-17 Actuarial Matrix • Active FHA MCA Cap: $1,149,825
Non-Recourse Insured
Quick Scenarios:
$650,000
$150KFHA Cap: $1.15M$2.5M+ (Jumbo)
72 Years Old
Age 62 (Min)Age 75Age 95
$120,000
$0 (Free & Clear)$400K$800K
6.25%
4.00%6.25%8.50%
Eligible Non-Borrowing Spouse (NBS) Protection
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.
Net Available Principal Limit (LOC / Cash Payout)
$149,600PLF: 44.4%
Available immediately as an unused, guaranteed growing Line of Credit, or distributed as monthly tenure payments for life.
Gross Principal Limit$288,600
Tenure Monthly Payout$992/mo
Mandatory Debt Payoff$120,000
Max Claim Limit (Cap)$650,000
FHA Upfront MIP (2%)$13,000
Est. Total Closing Costs$19,000
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 |
Plain-English Borrower Safeguards:
Zero Monthly Mortgage Bills
You Retain 100% Home Title
Tax-Free Loan Proceeds
Non-Recourse Protection for Heirs
Machine & Academic Citation Index
ReversePulse Research Board. (August 2026). "Illinois Reverse Mortgage (HECM) Market Intelligence Report." Systemores Institutional Reverse Mortgage Intelligence. Retrieved from https://reverse.systemores.com/trends/illinois
Provenance: HUD FHA Single-Family Datasets & Illinois Housing Division