#40
Mississippi Reverse Mortgage Market Report
Statewide HECM Portfolio • Regulatory Framework: Standard HUD/FHA
21 Active FHA Lenders
Mississippi Executive Market BLUF
Institutional VerifiedAugust 2026 (HUD FHA Single-Family Release)
Mississippi features lowest average MCA claims nationwide ($173k), offering vital supplemental tenure liquidity for rural retirees.
Strategic Key Takeaways
- •Statewide senior home equity: $70.0 Billion.
- •Average Maximum Claim Amount (MCA): $173,000.
- •Annual endorsement momentum: +9.5% YoY.
- •Regulatory category: Standard HUD/FHA.
Total Senior Equity Pool
$70BEquity Pool
640,000 seniors age 62+
Total HECM Volume
$0.04B+9.5%
Rank #40 Nationwide
Endorsements YTD
230Annual Pace
Prior Year: 210
Average MCA
$173,000FHA Insured
Median Home: $175,000
Mississippi HECM Endorsement History
Annual volume trajectory vs average claim amount
Endorsements
Avg MCA
230 loans
2024 YTD
Latest Endorsements230
Average Claim (MCA)$173,000
Line of Credit Share85.9%
Avg Borrower Age75.1 yrs
Top HECM Origination Counties in Mississippi
82 Total Counties TrackedMississippi County-Level HECM & Senior Equity Directory (82 Jurisdictions)
Complete county-by-county reverse mortgage endorsements, average Maximum Claim Amounts, and senior housing wealth in Mississippi.
| County | FIPS | Endorsements YTD | Avg MCA | Senior Equity | YoY Velocity |
|---|---|---|---|---|---|
| Rankin County | 28121 | 84 | $219,564 | $2.1B | +6.5% |
| DeSoto County | 28033 | 82 | $245,808 | $2.3B | +6.5% |
| Jackson County | 28059 | 79 | $174,636 | $1.5B | +6.5% |
| Hinds County | 28049 | 60 | $152,928 | $2.0B | +6.5% |
| Madison County | 28089 | 53 | $285,876 | $1.7B | +6.5% |
| Harrison County | 28047 | 50 | $199,800 | $2.5B | +6.5% |
| Lauderdale County | 28075 | 43 | $131,652 | $0.6B | +6.5% |
| Lee County | 28081 | 42 | $186,732 | $0.9B | +6.5% |
| Jones County | 28067 | 39 | $129,708 | $0.6B | +6.5% |
| Pearl River County | 28109 | 36 | $181,116 | $0.7B | +6.5% |
| Forrest County | 28035 | 35 | $155,520 | $0.6B | +6.5% |
| Hancock County | 28045 | 33 | $213,192 | $0.8B | +6.5% |
| Lowndes County | 28087 | 32 | $167,724 | $0.6B | +6.5% |
| Lamar County | 28073 | 31 | $226,476 | $0.8B | +6.5% |
| Warren County | 28149 | 26 | $153,468 | $0.5B | +6.5% |
| Washington County | 28151 | 25 | $100,440 | $0.3B | +6.5% |
| Lafayette County | 28071 | 24 | $262,224 | $0.7B | +6.5% |
| Pike County | 28113 | 23 | $125,172 | $0.3B | +6.5% |
| Monroe County | 28095 | 22 | $118,260 | $0.3B | +6.5% |
| Alcorn County | 28003 | 21 | $135,864 | $0.3B | +6.5% |
| Oktibbeha County | 28105 | 20 | $228,096 | $0.5B | +6.5% |
| Marshall County | 28093 | 20 | $162,432 | $0.4B | +6.5% |
| Adams County | 28001 | 20 | $107,244 | $0.2B | +6.5% |
| Lincoln County | 28085 | 19 | $138,348 | $0.3B | +6.5% |
| Panola County | 28107 | 18 | $125,064 | $0.3B | +6.5% |
| Copiah County | 28029 | 17 | $101,088 | $0.2B | +6.5% |
| Bolivar County | 28011 | 16 | $127,656 | $0.2B | +6.5% |
| Neshoba County | 28099 | 16 | $101,844 | $0.2B | +6.5% |
| Tate County | 28137 | 15 | $176,796 | $0.3B | +6.5% |
| Union County | 28145 | 15 | $156,492 | $0.3B | +6.5% |
| Pontotoc County | 28115 | 15 | $147,636 | $0.3B | +6.5% |
| Simpson County | 28127 | 15 | $112,968 | $0.2B | +6.5% |
| Marion County | 28091 | 15 | $112,428 | $0.2B | +6.5% |
| Scott County | 28123 | 15 | $87,804 | $0.1B | +6.5% |
| Itawamba County | 28057 | 14 | $123,444 | $0.2B | +6.5% |
| Prentiss County | 28117 | 14 | $121,176 | $0.2B | +6.5% |
| Grenada County | 28043 | 13 | $140,508 | $0.2B | +6.5% |
| Tishomingo County | 28141 | 13 | $132,948 | $0.2B | +6.5% |
| Leflore County | 28083 | 13 | $102,708 | $0.2B | +6.5% |
| George County | 28039 | 12 | $169,776 | $0.2B | +6.5% |
| Tippah County | 28139 | 12 | $126,468 | $0.2B | +6.5% |
| Yazoo County | 28163 | 12 | $127,224 | $0.2B | +6.5% |
| Winston County | 28159 | 12 | $118,908 | $0.2B | +6.5% |
| Sunflower County | 28133 | 12 | $112,104 | $0.2B | +6.5% |
| Leake County | 28079 | 12 | $106,704 | $0.1B | +6.5% |
| Newton County | 28101 | 12 | $108,864 | $0.1B | +6.5% |
| Stone County | 28131 | 11 | $177,552 | $0.2B | +6.5% |
| Clay County | 28025 | 11 | $119,448 | $0.2B | +6.5% |
| Jasper County | 28061 | 11 | $119,232 | $0.1B | +6.5% |
| Attala County | 28007 | 11 | $107,028 | $0.1B | +6.5% |
| Coahoma County | 28027 | 11 | $91,152 | $0.1B | +6.5% |
| Wayne County | 28153 | 11 | $96,228 | $0.1B | +6.5% |
| Clarke County | 28023 | 10 | $107,244 | $0.1B | +6.5% |
| Amite County | 28005 | 10 | $98,712 | $0.1B | +6.5% |
| Chickasaw County | 28017 | 10 | $95,040 | $0.1B | +6.5% |
| Covington County | 28031 | 10 | $82,836 | $0.1B | +6.5% |
| Smith County | 28129 | 9 | $129,816 | $0.1B | +6.5% |
| Walthall County | 28147 | 9 | $122,904 | $0.1B | +6.5% |
| Carroll County | 28015 | 8 | $111,996 | $0.1B | +6.5% |
| Jefferson Davis County | 28065 | 8 | $94,824 | $0.1B | +6.5% |
| Yalobusha County | 28161 | 8 | $101,628 | $0.1B | +6.5% |
| Calhoun County | 28013 | 8 | $89,532 | $0.1B | +6.5% |
| Holmes County | 28051 | 8 | $79,812 | $0.1B | +6.5% |
| Perry County | 28111 | 7 | $136,512 | $0.1B | +6.5% |
| Lawrence County | 28077 | 7 | $112,644 | $0.1B | +6.5% |
| Montgomery County | 28097 | 7 | $104,868 | $0.1B | +6.5% |
| Choctaw County | 28019 | 6 | $112,536 | $0.1B | +6.5% |
| Webster County | 28155 | 6 | $116,316 | $0.1B | +6.5% |
| Greene County | 28041 | 6 | $105,300 | $0.1B | +6.5% |
| Kemper County | 28069 | 6 | $96,444 | $0.1B | +6.5% |
| Tallahatchie County | 28135 | 6 | $90,072 | $0.1B | +6.5% |
| Benton County | 28009 | 5 | $103,896 | $0.1B | +6.5% |
| Franklin County | 28037 | 5 | $103,896 | $0.1B | +6.5% |
| Noxubee County | 28103 | 5 | $91,800 | $0.1B | +6.5% |
| Claiborne County | 28021 | 5 | $84,780 | $0.1B | +6.5% |
| Wilkinson County | 28157 | 5 | $84,780 | $0.1B | +6.5% |
| Tunica County | 28143 | 4 | $162,864 | $0.1B | +6.5% |
| Issaquena County | 28055 | 4 | $104,004 | $0.0B | +6.5% |
| Sharkey County | 28125 | 4 | $95,148 | $0.0B | +6.5% |
| Humphreys County | 28053 | 4 | $86,292 | $0.0B | +6.5% |
| Jefferson County | 28063 | 4 | $82,512 | $0.0B | +6.5% |
| Quitman County | 28119 | 4 | $70,740 | $0.0B | +6.5% |
Calculate Borrowing Power in Mississippi
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). "Mississippi Reverse Mortgage (HECM) Market Intelligence Report." Systemores Institutional Reverse Mortgage Intelligence. Retrieved from https://reverse.systemores.com/trends/mississippi
Provenance: HUD FHA Single-Family Datasets & Mississippi Housing Division