#26
Indiana Reverse Mortgage Market Report
Statewide HECM Portfolio • Regulatory Framework: Standard HUD/FHA
32 Active FHA Lenders
Indiana Executive Market BLUF
Institutional VerifiedAugust 2026 (HUD FHA Single-Family Release)
Indiana offers strong affordability where modest loan amounts yield high purchasing power for senior homeowners in retirement.
Strategic Key Takeaways
- •Statewide senior home equity: $260.0 Billion.
- •Average Maximum Claim Amount (MCA): $274,000.
- •Annual endorsement momentum: +6.3% YoY.
- •Regulatory category: Standard HUD/FHA.
Total Senior Equity Pool
$260BEquity Pool
1,360,000 seniors age 62+
Total HECM Volume
$0.14B+6.3%
Rank #26 Nationwide
Endorsements YTD
510Annual Pace
Prior Year: 480
Average MCA
$274,000FHA Insured
Median Home: $235,000
Indiana HECM Endorsement History
Annual volume trajectory vs average claim amount
Endorsements
Avg MCA
510 loans
2024 YTD
Latest Endorsements510
Average Claim (MCA)$274,000
Line of Credit Share87.6%
Avg Borrower Age74.4 yrs
Top HECM Origination Counties in Indiana
92 Total Counties TrackedIndiana County-Level HECM & Senior Equity Directory (92 Jurisdictions)
Complete county-by-county reverse mortgage endorsements, average Maximum Claim Amounts, and senior housing wealth in Indiana.
| County | FIPS | Endorsements YTD | Avg MCA | Senior Equity | YoY Velocity |
|---|---|---|---|---|---|
| Lake County | 18089 | 285 | $210,708 | $6.7B | +6.5% |
| Allen County | 18003 | 195 | $187,488 | $4.1B | +6.5% |
| St. Joseph County | 18141 | 149 | $178,956 | $3.0B | +6.5% |
| Marion County | 18097 | 140 | $198,828 | $9.3B | +6.5% |
| Vanderburgh County | 18163 | 106 | $175,824 | $2.1B | +6.5% |
| Elkhart County | 18039 | 105 | $196,344 | $2.3B | +6.5% |
| Porter County | 18127 | 100 | $261,684 | $2.9B | +6.5% |
| Hamilton County | 18057 | 90 | $378,972 | $6.5B | +6.5% |
| Hendricks County | 18063 | 84 | $278,316 | $2.6B | +6.5% |
| Johnson County | 18081 | 83 | $259,956 | $2.4B | +6.5% |
| Madison County | 18095 | 80 | $145,908 | $1.3B | +6.5% |
| Tippecanoe County | 18157 | 74 | $215,244 | $1.8B | +6.5% |
| LaPorte County | 18091 | 69 | $179,496 | $1.4B | +6.5% |
| Clark County | 18019 | 66 | $210,708 | $1.6B | +6.5% |
| Delaware County | 18035 | 65 | $130,140 | $0.9B | +6.5% |
| Monroe County | 18105 | 64 | $259,848 | $1.9B | +6.5% |
| Vigo County | 18167 | 59 | $140,724 | $0.9B | +6.5% |
| Howard County | 18067 | 54 | $154,548 | $0.9B | +6.5% |
| Hancock County | 18059 | 46 | $254,340 | $1.3B | +6.5% |
| Kosciusko County | 18085 | 46 | $197,964 | $1.0B | +6.5% |
| Floyd County | 18043 | 45 | $231,984 | $1.2B | +6.5% |
| Bartholomew County | 18005 | 45 | $213,300 | $1.1B | +6.5% |
| Wayne County | 18177 | 42 | $128,952 | $0.6B | +6.5% |
| Grant County | 18053 | 42 | $118,044 | $0.6B | +6.5% |
| Morgan County | 18109 | 41 | $216,648 | $1.0B | +6.5% |
| Warrick County | 18173 | 39 | $232,848 | $1.0B | +6.5% |
| Boone County | 18011 | 33 | $345,600 | $1.3B | +6.5% |
| Dearborn County | 18029 | 31 | $227,664 | $0.8B | +6.5% |
| Henry County | 18065 | 31 | $134,892 | $0.5B | +6.5% |
| Lawrence County | 18093 | 30 | $158,436 | $0.5B | +6.5% |
| Marshall County | 18099 | 28 | $184,464 | $0.6B | +6.5% |
| Dubois County | 18037 | 26 | $201,960 | $0.6B | +6.5% |
| Noble County | 18113 | 26 | $181,548 | $0.5B | +6.5% |
| Shelby County | 18145 | 26 | $183,600 | $0.5B | +6.5% |
| Jackson County | 18071 | 25 | $174,204 | $0.5B | +6.5% |
| Harrison County | 18061 | 24 | $219,132 | $0.6B | +6.5% |
| Steuben County | 18151 | 24 | $202,500 | $0.6B | +6.5% |
| DeKalb County | 18033 | 24 | $170,316 | $0.5B | +6.5% |
| Montgomery County | 18107 | 23 | $168,912 | $0.4B | +6.5% |
| Wabash County | 18169 | 22 | $146,664 | $0.4B | +6.5% |
| Cass County | 18017 | 22 | $119,448 | $0.3B | +6.5% |
| Putnam County | 18133 | 21 | $189,648 | $0.5B | +6.5% |
| Huntington County | 18069 | 21 | $144,720 | $0.3B | +6.5% |
| Knox County | 18083 | 21 | $131,868 | $0.3B | +6.5% |
| Miami County | 18103 | 21 | $121,824 | $0.3B | +6.5% |
| Jasper County | 18073 | 20 | $205,956 | $0.5B | +6.5% |
| Whitley County | 18183 | 20 | $204,984 | $0.5B | +6.5% |
| Jefferson County | 18077 | 20 | $181,548 | $0.4B | +6.5% |
| Greene County | 18055 | 20 | $125,712 | $0.3B | +6.5% |
| Gibson County | 18051 | 19 | $172,476 | $0.4B | +6.5% |
| LaGrange County | 18087 | 18 | $248,724 | $0.5B | +6.5% |
| Adams County | 18001 | 18 | $177,660 | $0.4B | +6.5% |
| Clinton County | 18023 | 18 | $151,308 | $0.3B | +6.5% |
| Ripley County | 18137 | 17 | $203,472 | $0.4B | +6.5% |
| Daviess County | 18027 | 17 | $187,920 | $0.4B | +6.5% |
| Wells County | 18179 | 17 | $174,204 | $0.3B | +6.5% |
| Posey County | 18129 | 16 | $216,972 | $0.4B | +6.5% |
| Washington County | 18175 | 16 | $170,856 | $0.3B | +6.5% |
| White County | 18181 | 16 | $165,456 | $0.3B | +6.5% |
| Clay County | 18021 | 16 | $140,400 | $0.3B | +6.5% |
| Fayette County | 18041 | 16 | $107,028 | $0.2B | +6.5% |
| Randolph County | 18135 | 16 | $105,408 | $0.2B | +6.5% |
| Decatur County | 18031 | 15 | $188,352 | $0.3B | +6.5% |
| Jennings County | 18079 | 15 | $143,856 | $0.3B | +6.5% |
| Franklin County | 18047 | 14 | $216,756 | $0.3B | +6.5% |
| Owen County | 18119 | 14 | $163,512 | $0.3B | +6.5% |
| Starke County | 18149 | 14 | $157,248 | $0.3B | +6.5% |
| Scott County | 18143 | 14 | $148,176 | $0.2B | +6.5% |
| Brown County | 18013 | 13 | $245,808 | $0.4B | +6.5% |
| Spencer County | 18147 | 13 | $181,656 | $0.3B | +6.5% |
| Carroll County | 18015 | 13 | $165,132 | $0.3B | +6.5% |
| Fulton County | 18049 | 13 | $154,872 | $0.2B | +6.5% |
| Orange County | 18117 | 13 | $135,108 | $0.2B | +6.5% |
| Perry County | 18123 | 12 | $147,636 | $0.2B | +6.5% |
| Sullivan County | 18153 | 12 | $124,416 | $0.2B | +6.5% |
| Jay County | 18075 | 12 | $109,620 | $0.1B | +6.5% |
| Tipton County | 18159 | 11 | $162,756 | $0.2B | +6.5% |
| Parke County | 18121 | 11 | $131,220 | $0.2B | +6.5% |
| Rush County | 18139 | 10 | $158,976 | $0.2B | +6.5% |
| Fountain County | 18045 | 10 | $133,272 | $0.2B | +6.5% |
| Vermillion County | 18165 | 10 | $107,352 | $0.1B | +6.5% |
| Newton County | 18111 | 9 | $159,732 | $0.2B | +6.5% |
| Pike County | 18125 | 8 | $137,160 | $0.1B | +6.5% |
| Pulaski County | 18131 | 8 | $142,020 | $0.1B | +6.5% |
| Blackford County | 18009 | 8 | $97,416 | $0.1B | +6.5% |
| Crawford County | 18025 | 7 | $113,940 | $0.1B | +6.5% |
| Martin County | 18101 | 6 | $153,792 | $0.1B | +6.5% |
| Switzerland County | 18155 | 5 | $174,960 | $0.1B | +6.5% |
| Warren County | 18171 | 5 | $163,512 | $0.1B | +6.5% |
| Benton County | 18007 | 5 | $132,408 | $0.1B | +6.5% |
| Ohio County | 18115 | 4 | $204,768 | $0.1B | +6.5% |
| Union County | 18161 | 4 | $161,460 | $0.1B | +6.5% |
Calculate Borrowing Power in Indiana
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). "Indiana Reverse Mortgage (HECM) Market Intelligence Report." Systemores Institutional Reverse Mortgage Intelligence. Retrieved from https://reverse.systemores.com/trends/indiana
Provenance: HUD FHA Single-Family Datasets & Indiana Housing Division