South Carolina Reverse Mortgage Market Report
Statewide HECM Portfolio • Regulatory Framework: Standard HUD/FHA
South Carolina Executive Market BLUF
South Carolina shows strong retirement in-migration along the Grand Strand (Myrtle Beach/Horry County) and Charleston, driving HECM for Purchase popularity among retirees.
Strategic Key Takeaways
- •Statewide senior home equity: $310.0 Billion.
- •Average Maximum Claim Amount (MCA): $402,000.
- •Annual endorsement momentum: +13.6% YoY.
- •Regulatory category: Standard HUD/FHA.
1,210,000 seniors age 62+
Rank #21 Nationwide
Prior Year: 590
Median Home: $315,000
South Carolina HECM Endorsement History
Annual volume trajectory vs average claim amount
Top HECM Origination Counties in South Carolina
Calculate Borrowing Power in South Carolina
Institutional FHA HECM Principal Limit Calculator
HUD Mortgagee Letter 2017-17 Calibrated • 2026 FHA MCA Cap: $1,149,825
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.
Available immediately as an unused, guaranteed growing Line of Credit, or distributed as monthly tenure payments for life.
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 |