Maine Reverse Mortgage Market Report
Statewide HECM Portfolio • Regulatory Framework: Standard HUD/FHA
Maine Executive Market BLUF
Maine has the oldest median population in the United States, driving steady demand for line-of-credit home care financing in Cumberland County.
Strategic Key Takeaways
- •Statewide senior home equity: $80.0 Billion.
- •Average Maximum Claim Amount (MCA): $363,000.
- •Annual endorsement momentum: +15.8% YoY.
- •Regulatory category: Standard HUD/FHA.
380,000 seniors age 62+
Rank #41 Nationwide
Prior Year: 190
Median Home: $380,000
Maine HECM Endorsement History
Annual volume trajectory vs average claim amount
Top HECM Origination Counties in Maine
16 Total Counties TrackedMaine County-Level HECM & Senior Equity Directory (16 Jurisdictions)
Complete county-by-county reverse mortgage endorsements, average Maximum Claim Amounts, and senior housing wealth in Maine.
| County | FIPS | Endorsements YTD | Avg MCA | Senior Equity | YoY Velocity |
|---|---|---|---|---|---|
| Penobscot County | 23019 | 99 | $190,836 | $2.1B | +6.5% |
| Cumberland County | 23005 | 90 | $402,732 | $8.9B | +6.5% |
| Kennebec County | 23011 | 86 | $214,164 | $2.0B | +6.5% |
| Androscoggin County | 23001 | 68 | $228,744 | $1.7B | +6.5% |
| York County | 23031 | 60 | $349,380 | $5.9B | +6.5% |
| Aroostook County | 23003 | 56 | $135,432 | $0.8B | +6.5% |
| Hancock County | 23009 | 48 | $270,972 | $1.4B | +6.5% |
| Oxford County | 23017 | 44 | $190,944 | $0.9B | +6.5% |
| Somerset County | 23025 | 37 | $162,540 | $0.7B | +6.5% |
| Knox County | 23013 | 36 | $281,664 | $1.1B | +6.5% |
| Lincoln County | 23015 | 33 | $298,512 | $1.1B | +6.5% |
| Waldo County | 23027 | 31 | $227,448 | $0.8B | +6.5% |
| Sagadahoc County | 23023 | 28 | $290,088 | $0.9B | +6.5% |
| Washington County | 23029 | 26 | $146,232 | $0.4B | +6.5% |
| Franklin County | 23007 | 22 | $184,248 | $0.5B | +6.5% |
| Piscataquis County | 23021 | 15 | $148,824 | $0.3B | +6.5% |
Calculate Borrowing Power in Maine
Institutional FHA HECM Principal Limit Calculator
HUD Mortgagee Letter 2017-17 Actuarial Matrix • Active 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 | $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 |