Massachusetts Reverse Mortgage Market Report
Statewide HECM Portfolio • Regulatory Framework: Enhanced Counseling Mandate
Massachusetts Executive Market BLUF
Massachusetts law mandates an in-person or live video counseling verification with certified counselors before any HECM loan origination can proceed.
Strategic Key Takeaways
- •Statewide senior home equity: $670.0 Billion.
- •Average Maximum Claim Amount (MCA): $674,000.
- •Annual endorsement momentum: +8.9% YoY.
- •Regulatory category: Enhanced Counseling Mandate.
1,460,000 seniors age 62+
Rank #17 Nationwide
Prior Year: 790
Median Home: $610,000
Massachusetts HECM Endorsement History
Annual volume trajectory vs average claim amount
Top HECM Origination Counties in Massachusetts
14 Total Counties TrackedMassachusetts County-Level HECM & Senior Equity Directory (14 Jurisdictions)
Complete county-by-county reverse mortgage endorsements, average Maximum Claim Amounts, and senior housing wealth in Massachusetts.
| County | FIPS | Endorsements YTD | Avg MCA | Senior Equity | YoY Velocity |
|---|---|---|---|---|---|
| Norfolk County | 25021 | 416 | $661,068 | $30.6B | +6.5% |
| Bristol County | 25005 | 334 | $415,800 | $15.4B | +6.5% |
| Plymouth County | 25023 | 333 | $513,540 | $19.1B | +6.5% |
| Suffolk County | 25025 | 331 | $702,972 | $25.9B | +6.5% |
| Hampden County | 25013 | 271 | $278,748 | $8.4B | +6.5% |
| Barnstable County | 25001 | 243 | $560,628 | $15.2B | +6.5% |
| Middlesex County | 25017 | 240 | $706,644 | $67.4B | +6.5% |
| Worcester County | 25027 | 170 | $392,256 | $20.4B | +6.5% |
| Essex County | 25009 | 150 | $578,124 | $30.6B | +6.5% |
| Berkshire County | 25003 | 104 | $287,712 | $3.3B | +6.5% |
| Hampshire County | 25015 | 99 | $371,736 | $4.1B | +6.5% |
| Franklin County | 25011 | 55 | $306,828 | $1.9B | +6.5% |
| Dukes County | 25007 | 17 | $1,077,948 | $2.1B | +6.5% |
| Nantucket County | 25019 | 7 | $1,149,825 | $1.1B | +6.5% |
Calculate Borrowing Power in Massachusetts
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 |