Pierce County, WA Reverse Mortgage Snapshot
FIPS: 53053 • Seattle-Tacoma-Bellevue, WA • Market Tier: High Volume
Pierce County Executive BLUF Summary
Pierce County (Tacoma, Puyallup) demonstrates robust military and aerospace retiree reverse mortgage utilization.
Strategic Key Takeaways
- •Estimated Senior Home Equity (62+): $65 Billion.
- •Average Maximum Claim Amount (MCA): $580,000.
- •Senior Homeownership Rate: 77.8%.
- •Regulatory: Standard Washington State counseling verification.
195,000 seniors (Age 62+)
Prior Year: 250
Median Home: $525,000
FHA Cap: $1,149,825
Pierce County Endorsement & MCA Trajectory
Annual FHA single-family reverse mortgage activity
Top FHA Approved Reverse Mortgage Lenders in Pierce County
Mutual of Omaha Mortgage
Direct Endorsement Approved
Guild Mortgage
Direct Endorsement Approved
Finance of America Reverse
Direct Endorsement Approved
Estimate HECM Line of Credit for Pierce County Homeowners
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 |