ReversePulseHECM 2026
Home/Market Trends/Virginia
#11

Virginia Reverse Mortgage Market Report

Statewide HECM Portfolio • Regulatory Framework: Standard HUD/FHA

44 Active FHA Lenders

Virginia Executive Market BLUF

Institutional VerifiedAugust 2026 (HUD FHA Single-Family Release)

Virginia originations are concentrated in the Northern Virginia suburbs (Fairfax, Loudoun, Prince William) where high government and military retiree density drives large average loan balances.

Strategic Key Takeaways

  • •Statewide senior home equity: $590.0 Billion.
  • •Average Maximum Claim Amount (MCA): $556,000.
  • •Annual endorsement momentum: +10.6% YoY.
  • •Regulatory category: Standard HUD/FHA.
Total Senior Equity Pool
$590BEquity Pool

1,680,000 seniors age 62+

Total HECM Volume
$0.64B+10.6%

Rank #11 Nationwide

Endorsements YTD
1,150Annual Pace

Prior Year: 1,040

Average MCA
$556,000FHA Insured

Median Home: $410,000

Virginia HECM Endorsement History

Annual volume trajectory vs average claim amount

Endorsements
Avg MCA
1,800 loans
2022
1,150 loans
2024 YTD
Latest Endorsements1,150
Average Claim (MCA)$556,000
Line of Credit Share90.2%
Avg Borrower Age73.8 yrs

Top HECM Origination Counties in Virginia

133 Total Counties Tracked
Fairfax County24.3% State Share

280 HECM Endorsements

View Local Data
Virginia Beach12.2% State Share

140 HECM Endorsements

View Local Data
Prince William County10.4% State Share

120 HECM Endorsements

View Local Data

Virginia County-Level HECM & Senior Equity Directory (133 Jurisdictions)

Complete county-by-county reverse mortgage endorsements, average Maximum Claim Amounts, and senior housing wealth in Virginia.

CountyFIPSEndorsements YTDAvg MCASenior EquityYoY Velocity
Fairfax County51059280$740,000$78.0B+12.0%
Fairfax city51600280$701,568$0.9B+6.5%
Chesterfield County51041191$331,020$7.0B+6.5%
Henrico County51087181$334,476$6.7B+6.5%
Loudoun County51107141$709,560$11.1B+6.5%
Virginia Beach city51810140$371,196$9.5B+6.5%
Prince William County51153120$509,760$9.6B+6.5%
Chesapeake city51550115$366,660$4.7B+6.5%
Richmond city51760104$332,964$3.9B+6.5%
Norfolk city5171097$274,536$3.0B+6.5%
Arlington County5101389$899,964$8.9B+6.5%
Newport News city5170083$252,072$2.3B+6.5%
Albemarle County5100374$486,216$4.0B+6.5%
Hampton city5165073$237,384$1.9B+6.5%
Roanoke County5116170$265,464$2.1B+6.5%
James City County5109569$428,544$3.3B+6.5%
Spotsylvania County5117769$377,892$2.9B+6.5%
Hanover County5108568$375,732$2.9B+6.5%
Alexandria city5151065$708,156$5.1B+6.5%
Bedford County5101959$285,012$1.9B+6.5%
Stafford County5117958$466,452$3.0B+6.5%
Roanoke city5177058$174,960$1.1B+6.5%
Augusta County5101556$288,468$1.8B+6.5%
Frederick County5106955$360,288$2.2B+6.5%
Rockingham County5116555$288,252$1.8B+6.5%
Portsmouth city5174049$230,364$1.3B+6.5%
Suffolk city5180047$339,552$1.8B+6.5%
Pittsylvania County5114347$155,628$0.8B+6.5%
Montgomery County5112144$290,844$1.4B+6.5%
Franklin County5106744$224,316$1.1B+6.5%
Washington County5119143$195,480$0.9B+6.5%
Fauquier County5106141$541,296$2.5B+6.5%
Henry County5108941$120,744$0.6B+6.5%
York County5119940$418,176$1.9B+6.5%
Campbell County5103138$197,748$0.8B+6.5%
Lynchburg city5168037$211,680$0.9B+6.5%
Shenandoah County5117132$267,408$1.0B+6.5%
Tazewell County5118531$121,176$0.4B+6.5%
Danville city5159030$110,160$0.4B+6.5%
Culpeper County5104728$399,168$1.3B+6.5%
Halifax County5108328$143,856$0.5B+6.5%
Accomack County5100127$199,260$0.6B+6.5%
Botetourt County5102326$285,336$0.8B+6.5%
Mecklenburg County5111726$170,424$0.5B+6.5%
Isle of Wight County5109325$353,808$1.0B+6.5%
Gloucester County5107325$296,460$0.8B+6.5%
Louisa County5110925$288,036$0.8B+6.5%
Pulaski County5115525$196,236$0.6B+6.5%
Orange County5113724$341,280$0.9B+6.5%
Carroll County5103524$150,336$0.4B+6.5%
Wise County5119523$116,640$0.3B+6.5%
Warren County5118722$316,872$0.8B+6.5%
Amherst County5100922$196,128$0.5B+6.5%
Smyth County5117322$130,248$0.3B+6.5%
Rockbridge County5116320$250,668$0.6B+6.5%
Wythe County5119720$169,668$0.4B+6.5%
Goochland County5107519$468,288$1.0B+6.5%
Charlottesville city5154019$430,272$0.9B+6.5%
Powhatan County5114519$385,020$0.8B+6.5%
Russell County5116719$120,960$0.3B+6.5%
Fluvanna County5106518$292,572$0.6B+6.5%
Prince George County5114918$272,484$0.6B+6.5%
Staunton city5179018$237,060$0.5B+6.5%
Petersburg city5173018$158,976$0.3B+6.5%
Caroline County5103317$273,564$0.5B+6.5%
Dinwiddie County5105317$241,704$0.5B+6.5%
Page County5113917$213,840$0.4B+6.5%
Scott County5116917$132,084$0.3B+6.5%
Harrisonburg city5166016$284,796$0.5B+6.5%
Salem city5177516$250,452$0.5B+6.5%
Lee County5110516$103,464$0.2B+6.5%
Manassas city5168315$425,412$0.7B+6.5%
Winchester city5184015$323,892$0.6B+6.5%
Westmoreland County5119315$263,520$0.5B+6.5%
Patrick County5114115$148,176$0.3B+6.5%
Buchanan County5102715$91,692$0.2B+6.5%
New Kent County5112714$382,536$0.6B+6.5%
Northumberland County5113314$327,996$0.5B+6.5%
Lancaster County5110314$315,684$0.5B+6.5%
Nelson County5112514$297,108$0.5B+6.5%
Waynesboro city5182013$244,836$0.3B+6.5%
Bristol city5152013$167,292$0.3B+6.5%
Grayson County5107713$139,428$0.2B+6.5%
King George County5109912$402,084$0.6B+6.5%
Middlesex County5111912$312,012$0.4B+6.5%
Greene County5107912$310,824$0.4B+6.5%
Floyd County5106312$221,832$0.3B+6.5%
Southampton County5117512$215,676$0.3B+6.5%
Prince Edward County5114712$208,872$0.3B+6.5%
Giles County5107112$153,252$0.2B+6.5%
Alleghany County5100512$133,488$0.2B+6.5%
Northampton County5113111$266,004$0.3B+6.5%
Colonial Heights city5157011$239,112$0.3B+6.5%
Appomattox County5101111$192,240$0.2B+6.5%
Buckingham County5102911$173,664$0.2B+6.5%
Hopewell city5167011$163,728$0.2B+6.5%
Brunswick County5102511$137,160$0.2B+6.5%
Dickenson County5105111$96,336$0.1B+6.5%
Clarke County5104310$536,328$0.6B+6.5%
Fredericksburg city5163010$473,472$0.6B+6.5%
Madison County5111310$336,420$0.4B+6.5%
King William County511019$272,376$0.3B+6.5%
Nottoway County511359$183,060$0.2B+6.5%
Poquoson city517358$439,236$0.4B+6.5%
Williamsburg city518308$416,448$0.4B+6.5%
Mathews County511158$384,372$0.4B+6.5%
Amelia County510078$252,396$0.3B+6.5%
Essex County510578$234,360$0.2B+6.5%
Lunenburg County511118$150,876$0.1B+6.5%
Charlotte County510378$147,960$0.1B+6.5%
Martinsville city516908$89,424$0.1B+6.5%
Cumberland County510497$225,288$0.2B+6.5%
Falls Church city516106$1,013,580$0.8B+6.5%
Rappahannock County511576$550,260$0.4B+6.5%
Richmond County511596$236,088$0.2B+6.5%
Sussex County511836$163,080$0.1B+6.5%
Manassas Park city516855$400,356$0.3B+6.5%
Surry County511815$249,912$0.1B+6.5%
King and Queen County510975$229,500$0.1B+6.5%
Radford city517505$221,076$0.1B+6.5%
Charles City County510365$214,704$0.1B+6.5%
Franklin city516205$213,732$0.1B+6.5%
Greensville County510815$158,328$0.1B+6.5%
Lexington city516784$242,676$0.1B+6.5%
Bath County510174$199,692$0.1B+6.5%
Craig County510454$199,476$0.1B+6.5%
Highland County510914$197,100$0.1B+6.5%
Buena Vista city515304$160,704$0.1B+6.5%
Bland County510214$143,100$0.1B+6.5%
Emporia city515954$139,752$0.1B+6.5%
Galax city516404$118,044$0.1B+6.5%
Norton city517204$112,536$0.0B+6.5%
Covington city515804$86,508$0.0B+6.5%

Calculate Borrowing Power in Virginia

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

Growth Rate: 6.75%
YearAvailable LineLoan BalanceEst. 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). "Virginia Reverse Mortgage (HECM) Market Intelligence Report." Systemores Institutional Reverse Mortgage Intelligence. Retrieved from https://reverse.systemores.com/trends/virginia
Provenance: HUD FHA Single-Family Datasets & Virginia Housing Division