#7
Washington Reverse Mortgage Market Report
Statewide HECM Portfolio • Regulatory Framework: Standard HUD/FHA
48 Active FHA Lenders
Washington Executive Market BLUF
Institutional VerifiedAugust 2026 (HUD FHA Single-Family Release)
Washington state, led by the Puget Sound corridor, shows exceptionally high average loan balances due to rapid multi-decade property appreciation across King and Snohomish counties.
Strategic Key Takeaways
- •Statewide senior home equity: $680.0 Billion.
- •Average Maximum Claim Amount (MCA): $685,000.
- •Annual endorsement momentum: +10.4% YoY.
- •Regulatory category: Standard HUD/FHA.
Total Senior Equity Pool
$680BEquity Pool
1,540,000 seniors age 62+
Total HECM Volume
$1.01B+10.4%
Rank #7 Nationwide
Endorsements YTD
1,480Annual Pace
Prior Year: 1,340
Average MCA
$685,000FHA Insured
Median Home: $590,000
Washington HECM Endorsement History
Annual volume trajectory vs average claim amount
Endorsements
Avg MCA
2,100 loans
2021
2,800 loans
2022
1,340 loans
2023
1,480 loans
2024 YTD
Latest Endorsements1,480
Average Claim (MCA)$685,000
Line of Credit Share90.6%
Avg Borrower Age73.6 yrs
Top HECM Origination Counties in Washington
39 Total Counties TrackedWashington County-Level HECM & Senior Equity Directory (39 Jurisdictions)
Complete county-by-county reverse mortgage endorsements, average Maximum Claim Amounts, and senior housing wealth in Washington.
| County | FIPS | Endorsements YTD | Avg MCA | Senior Equity | YoY Velocity |
|---|---|---|---|---|---|
| King County | 53033 | 540 | $800,000 | $195.0B | +10.2% |
| Spokane County | 53063 | 303 | $358,128 | $12.1B | +6.5% |
| Pierce County | 53053 | 280 | $580,000 | $65.0B | +12.0% |
| Snohomish County | 53061 | 240 | $640,224 | $27.9B | +6.5% |
| Thurston County | 53067 | 177 | $444,636 | $8.8B | +6.5% |
| Kitsap County | 53035 | 172 | $500,040 | $9.6B | +6.5% |
| Clark County | 53011 | 160 | $489,456 | $14.8B | +6.5% |
| Whatcom County | 53073 | 137 | $513,000 | $7.8B | +6.5% |
| Yakima County | 53077 | 120 | $275,076 | $3.7B | +6.5% |
| Benton County | 53005 | 107 | $365,796 | $4.4B | +6.5% |
| Skagit County | 53057 | 93 | $479,844 | $5.0B | +6.5% |
| Clallam County | 53009 | 79 | $381,888 | $3.4B | +6.5% |
| Island County | 53029 | 73 | $519,264 | $4.2B | +6.5% |
| Cowlitz County | 53015 | 71 | $358,776 | $2.9B | +6.5% |
| Lewis County | 53041 | 58 | $331,128 | $2.1B | +6.5% |
| Grays Harbor County | 53027 | 56 | $269,892 | $1.7B | +6.5% |
| Chelan County | 53007 | 52 | $445,284 | $2.6B | +6.5% |
| Mason County | 53045 | 51 | $367,524 | $2.1B | +6.5% |
| Grant County | 53025 | 47 | $264,060 | $1.4B | +6.5% |
| Jefferson County | 53031 | 42 | $485,244 | $2.3B | +6.5% |
| Walla Walla County | 53071 | 40 | $358,128 | $1.6B | +6.5% |
| Stevens County | 53065 | 38 | $299,484 | $1.3B | +6.5% |
| Franklin County | 53021 | 31 | $333,396 | $1.2B | +6.5% |
| Okanogan County | 53047 | 31 | $271,188 | $1.0B | +6.5% |
| Kittitas County | 53037 | 25 | $451,008 | $1.3B | +6.5% |
| Douglas County | 53017 | 25 | $396,144 | $1.1B | +6.5% |
| Pacific County | 53049 | 25 | $272,268 | $0.8B | +6.5% |
| San Juan County | 53055 | 20 | $727,596 | $1.7B | +6.5% |
| Klickitat County | 53039 | 18 | $380,700 | $0.8B | +6.5% |
| Whitman County | 53075 | 18 | $322,380 | $0.7B | +6.5% |
| Asotin County | 53003 | 17 | $287,712 | $0.6B | +6.5% |
| Pend Oreille County | 53051 | 12 | $311,256 | $0.4B | +6.5% |
| Lincoln County | 53043 | 9 | $251,100 | $0.3B | +6.5% |
| Skamania County | 53059 | 8 | $478,440 | $0.5B | +6.5% |
| Ferry County | 53019 | 7 | $272,916 | $0.2B | +6.5% |
| Adams County | 53001 | 7 | $234,252 | $0.2B | +6.5% |
| Wahkiakum County | 53069 | 4 | $344,628 | $0.2B | +6.5% |
| Columbia County | 53013 | 4 | $247,968 | $0.1B | +6.5% |
| Garfield County | 53023 | 4 | $205,200 | $0.1B | +6.5% |
Calculate Borrowing Power in Washington
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). "Washington Reverse Mortgage (HECM) Market Intelligence Report." Systemores Institutional Reverse Mortgage Intelligence. Retrieved from https://reverse.systemores.com/trends/washington
Provenance: HUD FHA Single-Family Datasets & Washington Housing Division