Virginia Reverse Mortgage Market Report
Statewide HECM Portfolio • Regulatory Framework: Standard HUD/FHA
Virginia Executive Market BLUF
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.
1,680,000 seniors age 62+
Rank #11 Nationwide
Prior Year: 1,040
Median Home: $410,000
Virginia HECM Endorsement History
Annual volume trajectory vs average claim amount
Top HECM Origination Counties in Virginia
Calculate Borrowing Power in Virginia
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 |