#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
56 Total Counties TrackedMontana County-Level HECM & Senior Equity Directory (56 Jurisdictions)
Complete county-by-county reverse mortgage endorsements, average Maximum Claim Amounts, and senior housing wealth in Montana.
| County | FIPS | Endorsements YTD | Avg MCA | Senior Equity | YoY Velocity |
|---|---|---|---|---|---|
| Yellowstone County | 30111 | 97 | $312,444 | $3.4B | +6.5% |
| Flathead County | 30029 | 60 | $447,336 | $3.6B | +6.5% |
| Cascade County | 30013 | 53 | $245,808 | $1.5B | +6.5% |
| Gallatin County | 30031 | 52 | $568,836 | $3.3B | +6.5% |
| Missoula County | 30063 | 50 | $412,992 | $3.0B | +6.5% |
| Lewis and Clark County | 30049 | 46 | $358,560 | $1.9B | +6.5% |
| Ravalli County | 30081 | 39 | $408,672 | $1.8B | +6.5% |
| Lake County | 30047 | 24 | $364,716 | $1.0B | +6.5% |
| Silver Bow County | 30093 | 23 | $211,464 | $0.5B | +6.5% |
| Lincoln County | 30053 | 19 | $252,072 | $0.6B | +6.5% |
| Park County | 30067 | 13 | $431,892 | $0.7B | +6.5% |
| Sanders County | 30089 | 13 | $308,124 | $0.5B | +6.5% |
| Carbon County | 30009 | 9 | $384,048 | $0.4B | +6.5% |
| Jefferson County | 30043 | 9 | $383,076 | $0.4B | +6.5% |
| Fergus County | 30027 | 9 | $189,864 | $0.2B | +6.5% |
| Madison County | 30057 | 8 | $405,216 | $0.4B | +6.5% |
| Custer County | 30017 | 8 | $217,080 | $0.2B | +6.5% |
| Hill County | 30041 | 8 | $197,964 | $0.2B | +6.5% |
| Stillwater County | 30095 | 7 | $341,496 | $0.3B | +6.5% |
| Beaverhead County | 30001 | 7 | $300,564 | $0.2B | +6.5% |
| Deer Lodge County | 30023 | 7 | $189,756 | $0.2B | +6.5% |
| Richland County | 30083 | 6 | $265,572 | $0.2B | +6.5% |
| Dawson County | 30021 | 6 | $212,868 | $0.1B | +6.5% |
| Broadwater County | 30007 | 5 | $362,556 | $0.2B | +6.5% |
| Valley County | 30105 | 5 | $197,856 | $0.1B | +6.5% |
| Big Horn County | 30003 | 5 | $172,476 | $0.1B | +6.5% |
| Glacier County | 30035 | 5 | $150,552 | $0.1B | +6.5% |
| Granite County | 30039 | 4 | $305,964 | $0.1B | +6.5% |
| Mineral County | 30061 | 4 | $296,676 | $0.1B | +6.5% |
| Sweet Grass County | 30097 | 4 | $292,788 | $0.1B | +6.5% |
| Fallon County | 30025 | 4 | $249,804 | $0.1B | +6.5% |
| Powell County | 30077 | 4 | $244,728 | $0.1B | +6.5% |
| Musselshell County | 30065 | 4 | $239,976 | $0.1B | +6.5% |
| Teton County | 30099 | 4 | $234,576 | $0.1B | +6.5% |
| Treasure County | 30103 | 4 | $227,556 | $0.0B | +6.5% |
| Judith Basin County | 30045 | 4 | $222,480 | $0.0B | +6.5% |
| Meagher County | 30059 | 4 | $222,372 | $0.1B | +6.5% |
| McCone County | 30055 | 4 | $201,636 | $0.0B | +6.5% |
| Phillips County | 30071 | 4 | $192,348 | $0.1B | +6.5% |
| Chouteau County | 30015 | 4 | $185,760 | $0.1B | +6.5% |
| Pondera County | 30073 | 4 | $185,760 | $0.1B | +6.5% |
| Garfield County | 30033 | 4 | $178,092 | $0.0B | +6.5% |
| Powder River County | 30075 | 4 | $180,900 | $0.0B | +6.5% |
| Toole County | 30101 | 4 | $179,496 | $0.1B | +6.5% |
| Wheatland County | 30107 | 4 | $176,256 | $0.0B | +6.5% |
| Daniels County | 30019 | 4 | $175,284 | $0.0B | +6.5% |
| Rosebud County | 30087 | 4 | $172,692 | $0.1B | +6.5% |
| Petroleum County | 30069 | 4 | $164,808 | $0.0B | +6.5% |
| Carter County | 30011 | 4 | $152,172 | $0.0B | +6.5% |
| Golden Valley County | 30037 | 4 | $150,012 | $0.0B | +6.5% |
| Prairie County | 30079 | 4 | $151,848 | $0.0B | +6.5% |
| Blaine County | 30005 | 4 | $128,952 | $0.1B | +6.5% |
| Sheridan County | 30091 | 4 | $131,544 | $0.0B | +6.5% |
| Liberty County | 30051 | 4 | $127,764 | $0.0B | +6.5% |
| Roosevelt County | 30085 | 4 | $121,824 | $0.1B | +6.5% |
| Wibaux County | 30109 | 4 | $109,944 | $0.0B | +6.5% |
Calculate Borrowing Power in Montana
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). "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