Utah Reverse Mortgage Market Report
Statewide HECM Portfolio • Regulatory Framework: Standard HUD/FHA
Utah Executive Market BLUF
Utah is among the fastest growing per-capita reverse mortgage states in the nation. Strong property appreciation along the Wasatch Front and St. George has dramatically enlarged borrowing power.
Strategic Key Takeaways
- •Statewide senior home equity: $190.0 Billion.
- •Average Maximum Claim Amount (MCA): $594,000.
- •Annual endorsement momentum: +16.9% YoY.
- •Regulatory category: Standard HUD/FHA.
490,000 seniors age 62+
Rank #20 Nationwide
Prior Year: 590
Median Home: $535,000
Utah HECM Endorsement History
Annual volume trajectory vs average claim amount
Top HECM Origination Counties in Utah
29 Total Counties TrackedUtah County-Level HECM & Senior Equity Directory (29 Jurisdictions)
Complete county-by-county reverse mortgage endorsements, average Maximum Claim Amounts, and senior housing wealth in Utah.
| County | FIPS | Endorsements YTD | Avg MCA | Senior Equity | YoY Velocity |
|---|---|---|---|---|---|
| Salt Lake County | 49035 | 280 | $620,000 | $54.0B | +16.7% |
| Utah County | 49049 | 160 | $478,440 | $9.2B | +6.5% |
| Washington County | 49053 | 130 | $450,792 | $6.8B | +6.5% |
| Davis County | 49011 | 127 | $457,056 | $6.5B | +6.5% |
| Weber County | 49057 | 105 | $374,544 | $4.4B | +6.5% |
| Cache County | 49005 | 43 | $379,836 | $1.9B | +6.5% |
| Iron County | 49021 | 25 | $323,352 | $0.9B | +6.5% |
| Box Elder County | 49003 | 24 | $333,612 | $0.9B | +6.5% |
| Tooele County | 49045 | 22 | $371,412 | $0.9B | +6.5% |
| Summit County | 49043 | 19 | $966,708 | $2.1B | +6.5% |
| Wasatch County | 49051 | 14 | $670,464 | $1.1B | +6.5% |
| Sanpete County | 49039 | 13 | $290,088 | $0.4B | +6.5% |
| Uintah County | 49047 | 13 | $273,348 | $0.4B | +6.5% |
| Carbon County | 49007 | 12 | $190,512 | $0.3B | +6.5% |
| Sevier County | 49041 | 11 | $258,552 | $0.3B | +6.5% |
| Duchesne County | 49013 | 8 | $246,888 | $0.2B | +6.5% |
| Millard County | 49027 | 7 | $245,160 | $0.2B | +6.5% |
| San Juan County | 49037 | 7 | $192,132 | $0.2B | +6.5% |
| Grand County | 49019 | 6 | $460,944 | $0.3B | +6.5% |
| Kane County | 49025 | 6 | $321,300 | $0.2B | +6.5% |
| Morgan County | 49029 | 5 | $601,452 | $0.3B | +6.5% |
| Juab County | 49023 | 5 | $347,868 | $0.2B | +6.5% |
| Emery County | 49015 | 5 | $182,196 | $0.1B | +6.5% |
| Wayne County | 49055 | 4 | $341,496 | $0.1B | +6.5% |
| Rich County | 49033 | 4 | $294,732 | $0.1B | +6.5% |
| Daggett County | 49009 | 4 | $272,592 | $0.0B | +6.5% |
| Beaver County | 49001 | 4 | $268,056 | $0.1B | +6.5% |
| Garfield County | 49017 | 4 | $256,824 | $0.1B | +6.5% |
| Piute County | 49031 | 4 | $236,304 | $0.1B | +6.5% |
Calculate Borrowing Power in Utah
Institutional FHA HECM Principal Limit Calculator
HUD Mortgagee Letter 2017-17 Actuarial Matrix • Active 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 | $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 |