#37
Iowa Reverse Mortgage Market Report
Statewide HECM Portfolio • Regulatory Framework: Standard HUD/FHA
23 Active FHA Lenders
Iowa Executive Market BLUF
Institutional VerifiedAugust 2026 (HUD FHA Single-Family Release)
Des Moines (Polk County) serves as the primary urban center for Iowa reverse mortgage transactions.
Strategic Key Takeaways
- •Statewide senior home equity: $110.0 Billion.
- •Average Maximum Claim Amount (MCA): $222,000.
- •Annual endorsement momentum: +8.0% YoY.
- •Regulatory category: Standard HUD/FHA.
Total Senior Equity Pool
$110BEquity Pool
690,000 seniors age 62+
Total HECM Volume
$0.06B+8.0%
Rank #37 Nationwide
Endorsements YTD
270Annual Pace
Prior Year: 250
Average MCA
$222,000FHA Insured
Median Home: $215,000
Iowa HECM Endorsement History
Annual volume trajectory vs average claim amount
Endorsements
Avg MCA
270 loans
2024 YTD
Latest Endorsements270
Average Claim (MCA)$222,000
Line of Credit Share87%
Avg Borrower Age74.8 yrs
Top HECM Origination Counties in Iowa
99 Total Counties TrackedIowa County-Level HECM & Senior Equity Directory (99 Jurisdictions)
Complete county-by-county reverse mortgage endorsements, average Maximum Claim Amounts, and senior housing wealth in Iowa.
| County | FIPS | Endorsements YTD | Avg MCA | Senior Equity | YoY Velocity |
|---|---|---|---|---|---|
| Scott County | 19163 | 98 | $213,840 | $2.3B | +6.5% |
| Polk County | 19153 | 90 | $250,560 | $6.2B | +6.5% |
| Black Hawk County | 19013 | 75 | $186,300 | $1.6B | +6.5% |
| Johnson County | 19103 | 64 | $300,024 | $2.2B | +6.5% |
| Dubuque County | 19061 | 61 | $227,124 | $1.6B | +6.5% |
| Pottawattamie County | 19155 | 56 | $182,952 | $1.1B | +6.5% |
| Woodbury County | 19193 | 54 | $170,640 | $1.0B | +6.5% |
| Linn County | 19113 | 50 | $203,904 | $2.9B | +6.5% |
| Dallas County | 19049 | 41 | $340,092 | $1.6B | +6.5% |
| Story County | 19169 | 41 | $247,428 | $1.1B | +6.5% |
| Cerro Gordo County | 19033 | 32 | $156,816 | $0.6B | +6.5% |
| Clinton County | 19045 | 30 | $156,492 | $0.5B | +6.5% |
| Warren County | 19181 | 29 | $253,044 | $0.8B | +6.5% |
| Des Moines County | 19057 | 27 | $146,124 | $0.4B | +6.5% |
| Jasper County | 19099 | 24 | $176,904 | $0.5B | +6.5% |
| Muscatine County | 19139 | 24 | $171,720 | $0.5B | +6.5% |
| Webster County | 19187 | 24 | $140,832 | $0.4B | +6.5% |
| Marshall County | 19127 | 23 | $135,972 | $0.4B | +6.5% |
| Lee County | 19111 | 23 | $130,680 | $0.3B | +6.5% |
| Marion County | 19125 | 21 | $207,684 | $0.5B | +6.5% |
| Wapello County | 19179 | 21 | $114,264 | $0.3B | +6.5% |
| Sioux County | 19167 | 19 | $238,356 | $0.5B | +6.5% |
| Boone County | 19015 | 17 | $185,328 | $0.4B | +6.5% |
| Dickinson County | 19059 | 16 | $254,988 | $0.5B | +6.5% |
| Bremer County | 19017 | 16 | $218,808 | $0.4B | +6.5% |
| Plymouth County | 19149 | 16 | $215,784 | $0.4B | +6.5% |
| Benton County | 19011 | 16 | $204,120 | $0.4B | +6.5% |
| Winneshiek County | 19191 | 15 | $243,432 | $0.4B | +6.5% |
| Washington County | 19183 | 14 | $196,992 | $0.3B | +6.5% |
| Jones County | 19105 | 14 | $178,416 | $0.3B | +6.5% |
| Carroll County | 19027 | 14 | $174,960 | $0.3B | +6.5% |
| Mahaska County | 19123 | 14 | $145,908 | $0.2B | +6.5% |
| Fayette County | 19065 | 14 | $132,840 | $0.2B | +6.5% |
| Jackson County | 19097 | 13 | $175,068 | $0.3B | +6.5% |
| Clayton County | 19043 | 13 | $161,460 | $0.3B | +6.5% |
| Henry County | 19087 | 13 | $156,816 | $0.2B | +6.5% |
| Jefferson County | 19101 | 13 | $152,820 | $0.2B | +6.5% |
| Cedar County | 19031 | 12 | $195,156 | $0.3B | +6.5% |
| Poweshiek County | 19157 | 12 | $187,488 | $0.3B | +6.5% |
| Buchanan County | 19019 | 12 | $179,496 | $0.3B | +6.5% |
| Kossuth County | 19109 | 12 | $128,304 | $0.2B | +6.5% |
| Hardin County | 19083 | 12 | $118,044 | $0.2B | +6.5% |
| Page County | 19145 | 12 | $121,392 | $0.2B | +6.5% |
| Clay County | 19041 | 11 | $163,512 | $0.2B | +6.5% |
| Delaware County | 19055 | 11 | $166,968 | $0.2B | +6.5% |
| Buena Vista County | 19021 | 11 | $149,148 | $0.2B | +6.5% |
| Floyd County | 19067 | 11 | $139,104 | $0.2B | +6.5% |
| Tama County | 19171 | 11 | $139,752 | $0.2B | +6.5% |
| Madison County | 19121 | 10 | $248,940 | $0.3B | +6.5% |
| Iowa County | 19095 | 10 | $189,648 | $0.2B | +6.5% |
| Allamakee County | 19005 | 10 | $169,452 | $0.2B | +6.5% |
| Butler County | 19023 | 10 | $158,004 | $0.2B | +6.5% |
| O'Brien County | 19141 | 10 | $153,252 | $0.2B | +6.5% |
| Cass County | 19029 | 10 | $137,592 | $0.2B | +6.5% |
| Hamilton County | 19079 | 10 | $125,280 | $0.1B | +6.5% |
| Mills County | 19129 | 9 | $243,540 | $0.3B | +6.5% |
| Harrison County | 19085 | 9 | $164,160 | $0.2B | +6.5% |
| Shelby County | 19165 | 9 | $165,132 | $0.2B | +6.5% |
| Cherokee County | 19035 | 9 | $156,924 | $0.2B | +6.5% |
| Crawford County | 19047 | 9 | $127,872 | $0.1B | +6.5% |
| Appanoose County | 19007 | 9 | $123,012 | $0.1B | +6.5% |
| Wright County | 19197 | 9 | $113,832 | $0.1B | +6.5% |
| Grundy County | 19075 | 8 | $179,604 | $0.2B | +6.5% |
| Chickasaw County | 19037 | 8 | $163,836 | $0.2B | +6.5% |
| Guthrie County | 19077 | 8 | $165,348 | $0.1B | +6.5% |
| Hancock County | 19081 | 8 | $125,280 | $0.1B | +6.5% |
| Union County | 19175 | 8 | $122,904 | $0.1B | +6.5% |
| Lyon County | 19119 | 7 | $206,064 | $0.2B | +6.5% |
| Mitchell County | 19131 | 7 | $161,136 | $0.1B | +6.5% |
| Louisa County | 19115 | 7 | $135,540 | $0.1B | +6.5% |
| Sac County | 19161 | 7 | $129,060 | $0.1B | +6.5% |
| Winnebago County | 19189 | 7 | $131,436 | $0.1B | +6.5% |
| Franklin County | 19069 | 7 | $116,856 | $0.1B | +6.5% |
| Keokuk County | 19107 | 7 | $113,940 | $0.1B | +6.5% |
| Monona County | 19133 | 7 | $117,396 | $0.1B | +6.5% |
| Calhoun County | 19025 | 7 | $113,292 | $0.1B | +6.5% |
| Emmet County | 19063 | 7 | $110,916 | $0.1B | +6.5% |
| Montgomery County | 19137 | 7 | $107,244 | $0.1B | +6.5% |
| Humboldt County | 19091 | 6 | $145,044 | $0.1B | +6.5% |
| Clarke County | 19039 | 6 | $137,376 | $0.1B | +6.5% |
| Howard County | 19089 | 6 | $135,108 | $0.1B | +6.5% |
| Greene County | 19073 | 6 | $128,628 | $0.1B | +6.5% |
| Palo Alto County | 19147 | 6 | $126,360 | $0.1B | +6.5% |
| Lucas County | 19117 | 6 | $119,880 | $0.1B | +6.5% |
| Davis County | 19051 | 5 | $151,524 | $0.1B | +6.5% |
| Fremont County | 19071 | 5 | $151,632 | $0.1B | +6.5% |
| Adair County | 19001 | 5 | $142,128 | $0.1B | +6.5% |
| Worth County | 19195 | 5 | $141,048 | $0.1B | +6.5% |
| Ida County | 19093 | 5 | $116,640 | $0.1B | +6.5% |
| Van Buren County | 19177 | 5 | $116,316 | $0.1B | +6.5% |
| Decatur County | 19053 | 5 | $104,760 | $0.1B | +6.5% |
| Pocahontas County | 19151 | 5 | $97,632 | $0.1B | +6.5% |
| Ringgold County | 19159 | 4 | $154,548 | $0.1B | +6.5% |
| Monroe County | 19135 | 4 | $138,240 | $0.1B | +6.5% |
| Osceola County | 19143 | 4 | $123,984 | $0.1B | +6.5% |
| Adams County | 19003 | 4 | $118,152 | $0.0B | +6.5% |
| Taylor County | 19173 | 4 | $112,860 | $0.1B | +6.5% |
| Audubon County | 19009 | 4 | $107,892 | $0.1B | +6.5% |
| Wayne County | 19185 | 4 | $106,596 | $0.1B | +6.5% |
Calculate Borrowing Power in Iowa
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). "Iowa Reverse Mortgage (HECM) Market Intelligence Report." Systemores Institutional Reverse Mortgage Intelligence. Retrieved from https://reverse.systemores.com/trends/iowa
Provenance: HUD FHA Single-Family Datasets & Iowa Housing Division