ReversePulseHECM 2026
Home/Market Trends/Minnesota
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Minnesota Reverse Mortgage Market Report

Statewide HECM Portfolio • Regulatory Framework: Standard HUD/FHA

34 Active FHA Lenders

Minnesota Executive Market BLUF

Institutional VerifiedAugust 2026 (HUD FHA Single-Family Release)

Minnesota boasts high senior homeownership rates and significant home equity reserves in the Twin Cities metro area.

Strategic Key Takeaways

  • •Statewide senior home equity: $310.0 Billion.
  • •Average Maximum Claim Amount (MCA): $379,000.
  • •Annual endorsement momentum: +11.5% YoY.
  • •Regulatory category: Standard HUD/FHA.
Total Senior Equity Pool
$310BEquity Pool

1,180,000 seniors age 62+

Total HECM Volume
$0.22B+11.5%

Rank #24 Nationwide

Endorsements YTD
580Annual Pace

Prior Year: 520

Average MCA
$379,000FHA Insured

Median Home: $335,000

Minnesota HECM Endorsement History

Annual volume trajectory vs average claim amount

Endorsements
Avg MCA
580 loans
2024 YTD
Latest Endorsements580
Average Claim (MCA)$379,000
Line of Credit Share89.8%
Avg Borrower Age73.9 yrs

Top HECM Origination Counties in Minnesota

87 Total Counties Tracked
Hennepin County36.2% State Share

210 HECM Endorsements

View Local Data
Ramsey County19% State Share

110 HECM Endorsements

View Local Data

Minnesota County-Level HECM & Senior Equity Directory (87 Jurisdictions)

Complete county-by-county reverse mortgage endorsements, average Maximum Claim Amounts, and senior housing wealth in Minnesota.

CountyFIPSEndorsements YTDAvg MCASenior EquityYoY Velocity
Dakota County27037221$368,496$9.1B+6.5%
Hennepin County27053210$386,640$27.1B+6.5%
Anoka County27003179$326,484$6.5B+6.5%
Washington County27163142$409,644$6.5B+6.5%
St. Louis County27137136$208,332$3.2B+6.5%
Ramsey County27123110$312,444$9.6B+6.5%
Olmsted County2710987$308,448$3.0B+6.5%
Stearns County2714582$260,388$2.4B+6.5%
Wright County2717162$335,772$2.3B+6.5%
Scott County2713960$406,080$2.7B+6.5%
Crow Wing County2703552$264,816$1.6B+6.5%
Otter Tail County2711149$252,936$1.4B+6.5%
Carver County2701947$432,540$2.3B+6.5%
Sherburne County2714138$330,480$1.4B+6.5%
Itasca County2706137$214,380$0.9B+6.5%
Rice County2713136$302,076$1.2B+6.5%
Blue Earth County2701333$258,336$1.0B+6.5%
Douglas County2704131$300,024$1.0B+6.5%
Goodhue County2704931$274,860$1.0B+6.5%
Chisago County2702530$323,784$1.1B+6.5%
Clay County2702729$260,712$0.9B+6.5%
Winona County2716929$219,780$0.7B+6.5%
Kandiyohi County2706728$231,768$0.7B+6.5%
Cass County2702126$260,280$0.8B+6.5%
Becker County2700525$269,568$0.8B+6.5%
Beltrami County2700725$220,212$0.6B+6.5%
Mower County2709924$170,640$0.5B+6.5%
Isanti County2705923$283,500$0.7B+6.5%
Morrison County2709723$238,248$0.6B+6.5%
McLeod County2708523$231,444$0.6B+6.5%
Steele County2714723$234,468$0.6B+6.5%
Freeborn County2704723$167,076$0.4B+6.5%
Carlton County2701721$235,440$0.6B+6.5%
Pine County2711520$223,668$0.5B+6.5%
Nicollet County2710319$259,956$0.6B+6.5%
Polk County2711919$220,968$0.5B+6.5%
Hubbard County2705718$265,140$0.6B+6.5%
Benton County2700918$247,644$0.5B+6.5%
Todd County2715318$187,056$0.4B+6.5%
Brown County2701518$178,416$0.4B+6.5%
Le Sueur County2707917$293,652$0.6B+6.5%
Aitkin County2700117$239,868$0.5B+6.5%
Wabasha County2715716$248,832$0.5B+6.5%
Mille Lacs County2709516$239,004$0.4B+6.5%
Meeker County2709315$234,144$0.4B+6.5%
Fillmore County2704515$211,896$0.4B+6.5%
Martin County2709115$159,948$0.3B+6.5%
Lyon County2708314$191,808$0.3B+6.5%
Houston County2705513$233,712$0.4B+6.5%
Nobles County2710512$173,880$0.3B+6.5%
Kanabec County2706511$221,832$0.3B+6.5%
Waseca County2716111$207,144$0.3B+6.5%
Redwood County2712711$149,796$0.2B+6.5%
Dodge County2703910$265,464$0.3B+6.5%
Renville County2712910$149,256$0.2B+6.5%
Koochiching County2707110$142,776$0.2B+6.5%
Faribault County2704310$125,280$0.1B+6.5%
Pope County271219$243,972$0.3B+6.5%
Lake County270759$216,972$0.2B+6.5%
Sibley County271439$212,328$0.2B+6.5%
Roseau County271359$177,336$0.2B+6.5%
Wadena County271599$176,472$0.2B+6.5%
Chippewa County270239$150,012$0.1B+6.5%
Pennington County271138$187,704$0.2B+6.5%
Cottonwood County270338$152,928$0.1B+6.5%
Murray County271017$176,580$0.1B+6.5%
Jackson County270637$151,740$0.1B+6.5%
Swift County271517$142,992$0.1B+6.5%
Watonwan County271657$128,736$0.1B+6.5%
Rock County271336$204,228$0.1B+6.5%
Yellow Medicine County271736$157,032$0.1B+6.5%
Marshall County270896$152,172$0.1B+6.5%
Lac qui Parle County270736$137,484$0.1B+6.5%
Pipestone County271176$136,620$0.1B+6.5%
Cook County270315$312,660$0.2B+6.5%
Stevens County271495$184,356$0.1B+6.5%
Clearwater County270295$174,744$0.1B+6.5%
Lake of the Woods County270774$220,644$0.1B+6.5%
Wilkin County271674$182,628$0.1B+6.5%
Grant County270514$173,988$0.1B+6.5%
Red Lake County271254$162,756$0.1B+6.5%
Lincoln County270814$150,660$0.1B+6.5%
Mahnomen County270874$143,532$0.1B+6.5%
Norman County271074$139,644$0.1B+6.5%
Kittson County270694$131,868$0.1B+6.5%
Big Stone County270114$124,200$0.1B+6.5%
Traverse County271554$118,044$0.0B+6.5%

Calculate Borrowing Power in Minnesota

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

Growth Rate: 6.75%
YearAvailable LineLoan BalanceEst. 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). "Minnesota Reverse Mortgage (HECM) Market Intelligence Report." Systemores Institutional Reverse Mortgage Intelligence. Retrieved from https://reverse.systemores.com/trends/minnesota
Provenance: HUD FHA Single-Family Datasets & Minnesota Housing Division