#44
Montana Reverse Mortgage Market Report
Statewide HECM Portfolio • Regulatory Framework: Standard HUD/FHA
20 Active FHA Lenders
Montana Executive Market BLUF
Institutional VerifiedAugust 2026 (HUD FHA Single-Family Release)
Montana has seen rapid price growth in Flathead, Gallatin, and Missoula counties, increasing senior borrowing capacity.
Strategic Key Takeaways
- •Statewide senior home equity: $60.0 Billion.
- •Average Maximum Claim Amount (MCA): $500,000.
- •Annual endorsement momentum: +20.0% YoY.
- •Regulatory category: Standard HUD/FHA.
Total Senior Equity Pool
$60BEquity Pool
260,000 seniors age 62+
Total HECM Volume
$0.09B+20.0%
Rank #44 Nationwide
Endorsements YTD
180Annual Pace
Prior Year: 150
Average MCA
$500,000FHA Insured
Median Home: $450,000
Montana HECM Endorsement History
Annual volume trajectory vs average claim amount
Endorsements
Avg MCA
180 loans
2024 YTD
Latest Endorsements180
Average Claim (MCA)$500,000
Line of Credit Share91.2%
Avg Borrower Age73.4 yrs
Top HECM Origination Counties in Montana
Calculate Borrowing Power in Montana
Institutional FHA HECM Principal Limit Calculator
HUD Mortgagee Letter 2017-17 Calibrated • 2026 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)
$148,300PLF: 44.2%
Available immediately as an unused, guaranteed growing Line of Credit, or distributed as monthly tenure payments for life.
Gross Principal Limit$287,300
Tenure Monthly Payout$984/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 | $148,300 | $139,000 | $511,000 |
| Year 2 | $168,996 | $158,398 | $537,898 |
| Year 4 | $192,581 | $180,504 | $565,386 |
| Year 6 | $219,457 | $205,694 | $593,322 |
| Year 8 | $250,083 | $234,400 | $621,526 |
| Year 10 | $284,984 | $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). "Montana Reverse Mortgage (HECM) Market Intelligence Report." Systemores Institutional Reverse Mortgage Intelligence. Retrieved from https://reverse.systemores.com/trends/montana
Provenance: HUD FHA Single-Family Datasets & Montana Housing Division