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New York Reverse Mortgage Market Report
Statewide HECM Portfolio • Regulatory Framework: Strict Disclosure State
58 Active FHA Lenders
New York Executive Market BLUF
Institutional VerifiedAugust 2026 (HUD FHA Single-Family Release)
New York features high MCA density across Long Island and the New York Metro area. State laws enacted in 2021 provide extensive default prevention protections and mandatory pre-counseling disclosures for senior borrowers.
Strategic Key Takeaways
- •Statewide senior home equity: $1390.0 Billion.
- •Average Maximum Claim Amount (MCA): $638,000.
- •Annual endorsement momentum: +6.1% YoY.
- •Regulatory category: Strict Disclosure State.
Total Senior Equity Pool
$1390BEquity Pool
3,920,000 seniors age 62+
Total HECM Volume
$1.54B+6.1%
Rank #4 Nationwide
Endorsements YTD
2,420Annual Pace
Prior Year: 2,280
Average MCA
$638,000FHA Insured
Median Home: $460,000
New York HECM Endorsement History
Annual volume trajectory vs average claim amount
Endorsements
Avg MCA
3,200 loans
2021
4,100 loans
2022
2,280 loans
2023
2,420 loans
2024 YTD
Latest Endorsements2,420
Average Claim (MCA)$638,000
Line of Credit Share88.8%
Avg Borrower Age74.2 yrs
Top HECM Origination Counties in New York
62 Total Counties TrackedSuffolk County24% State Share
580 HECM Endorsements
View Local Data
Nassau County21.5% State Share
520 HECM Endorsements
View Local Data
Queens County14% State Share
340 HECM Endorsements
View Local Data
Kings County12% State Share
290 HECM Endorsements
View Local Data
Westchester County9.1% State Share
220 HECM Endorsements
View Local Data
New York County-Level HECM & Senior Equity Directory (62 Jurisdictions)
Complete county-by-county reverse mortgage endorsements, average Maximum Claim Amounts, and senior housing wealth in New York.
| County | FIPS | Endorsements YTD | Avg MCA | Senior Equity | YoY Velocity |
|---|---|---|---|---|---|
| New York County | 36061 | 955 | $1,149,825 | $126.5B | +6.5% |
| Bronx County | 36005 | 643 | $541,512 | $38.7B | +6.5% |
| Erie County | 36029 | 590 | $213,192 | $14.0B | +6.5% |
| Suffolk County | 36103 | 580 | $660,000 | $115.0B | +5.5% |
| Nassau County | 36059 | 520 | $684,504 | $64.0B | +6.5% |
| Monroe County | 36055 | 455 | $197,316 | $10.0B | +6.5% |
| Queens County | 36081 | 340 | $731,916 | $106.4B | +6.5% |
| Kings County | 36047 | 290 | $934,524 | $135.6B | +6.5% |
| Onondaga County | 36067 | 283 | $186,624 | $5.9B | +6.5% |
| Richmond County | 36085 | 274 | $688,068 | $21.0B | +6.5% |
| Westchester County | 36119 | 220 | $668,520 | $43.5B | +6.5% |
| Orange County | 36071 | 190 | $364,824 | $7.7B | +6.5% |
| Albany County | 36001 | 185 | $284,904 | $5.9B | +6.5% |
| Dutchess County | 36027 | 183 | $376,596 | $7.7B | +6.5% |
| Rockland County | 36087 | 177 | $571,212 | $11.3B | +6.5% |
| Saratoga County | 36091 | 150 | $330,480 | $5.5B | +6.5% |
| Oneida County | 36065 | 148 | $170,208 | $2.8B | +6.5% |
| Niagara County | 36063 | 140 | $176,148 | $2.8B | +6.5% |
| Broome County | 36007 | 131 | $150,336 | $2.2B | +6.5% |
| Ulster County | 36111 | 125 | $311,472 | $4.3B | +6.5% |
| Rensselaer County | 36083 | 95 | $249,264 | $2.6B | +6.5% |
| Schenectady County | 36093 | 93 | $220,752 | $2.3B | +6.5% |
| Chautauqua County | 36013 | 89 | $119,772 | $1.2B | +6.5% |
| Ontario County | 36069 | 79 | $208,224 | $1.8B | +6.5% |
| Oswego County | 36075 | 67 | $142,344 | $1.1B | +6.5% |
| St. Lawrence County | 36089 | 65 | $123,876 | $0.9B | +6.5% |
| Steuben County | 36101 | 62 | $130,680 | $0.9B | +6.5% |
| Putnam County | 36079 | 60 | $455,544 | $3.0B | +6.5% |
| Wayne County | 36117 | 60 | $164,052 | $1.1B | +6.5% |
| Jefferson County | 36045 | 55 | $183,168 | $1.1B | +6.5% |
| Chemung County | 36015 | 55 | $138,456 | $0.8B | +6.5% |
| Tompkins County | 36109 | 54 | $285,444 | $1.7B | +6.5% |
| Columbia County | 36021 | 51 | $306,396 | $1.7B | +6.5% |
| Cayuga County | 36011 | 51 | $171,612 | $1.0B | +6.5% |
| Cattaraugus County | 36009 | 51 | $113,508 | $0.7B | +6.5% |
| Warren County | 36113 | 50 | $259,848 | $1.5B | +6.5% |
| Sullivan County | 36105 | 50 | $237,816 | $1.3B | +6.5% |
| Clinton County | 36019 | 47 | $178,416 | $0.9B | +6.5% |
| Madison County | 36053 | 43 | $175,824 | $0.8B | +6.5% |
| Herkimer County | 36043 | 43 | $141,372 | $0.7B | +6.5% |
| Washington County | 36115 | 42 | $191,052 | $0.9B | +6.5% |
| Otsego County | 36077 | 42 | $179,820 | $0.8B | +6.5% |
| Livingston County | 36051 | 39 | $172,692 | $0.8B | +6.5% |
| Genesee County | 36037 | 38 | $160,488 | $0.7B | +6.5% |
| Greene County | 36039 | 37 | $247,860 | $1.0B | +6.5% |
| Delaware County | 36025 | 37 | $173,232 | $0.7B | +6.5% |
| Fulton County | 36035 | 36 | $153,360 | $0.6B | +6.5% |
| Tioga County | 36107 | 33 | $155,736 | $0.6B | +6.5% |
| Chenango County | 36017 | 33 | $130,788 | $0.5B | +6.5% |
| Essex County | 36031 | 31 | $204,660 | $0.7B | +6.5% |
| Montgomery County | 36057 | 31 | $142,884 | $0.5B | +6.5% |
| Allegany County | 36003 | 30 | $100,656 | $0.3B | +6.5% |
| Franklin County | 36033 | 29 | $142,128 | $0.5B | +6.5% |
| Cortland County | 36023 | 25 | $160,056 | $0.5B | +6.5% |
| Wyoming County | 36121 | 25 | $154,440 | $0.4B | +6.5% |
| Orleans County | 36073 | 24 | $131,976 | $0.4B | +6.5% |
| Schoharie County | 36095 | 23 | $182,952 | $0.5B | +6.5% |
| Seneca County | 36099 | 22 | $142,560 | $0.4B | +6.5% |
| Yates County | 36123 | 17 | $172,584 | $0.3B | +6.5% |
| Lewis County | 36049 | 17 | $157,788 | $0.3B | +6.5% |
| Schuyler County | 36097 | 13 | $163,188 | $0.2B | +6.5% |
| Hamilton County | 36041 | 5 | $221,292 | $0.1B | +6.5% |
Calculate Borrowing Power in New York
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). "New York Reverse Mortgage (HECM) Market Intelligence Report." Systemores Institutional Reverse Mortgage Intelligence. Retrieved from https://reverse.systemores.com/trends/new-york
Provenance: HUD FHA Single-Family Datasets & New York Housing Division