2014 Reverse Mortgage Statistics by State
In 2014, a total of 49,194 seniors received a reverse mortgage. Many seniors used their reverse mortgages to supplement retirement income, remodel their home, or pay for medical bills. As the baby boomer generation nears retirement, the issuance of reverse mortgages continues to grow. So if you are thinking about applying for a reverse mortgage check out our interactive map for a detailed breakdown of reverse mortgage statistics by state. You can view the principal limit, average interest rate, and more.
Click our interactive map below for a statistical overview: