Where do these numbers come from?
- Instant answersResults update as you type.
- Private by designRuns in your browser. Nothing is sent.
- Share, print or citeCopy a link with your numbers.
Share of home value by age (HUD factors)
| Age | 5% expected rate | 6% expected rate | 7% expected rate |
|---|---|---|---|
| 62 | 41.0% | 35.7% | 31.2% |
| 65 | 43.0% | 37.8% | 33.3% |
| 68 | 45.3% | 40.2% | 35.7% |
| 70 | 46.5% | 41.5% | 37.0% |
| 72 | 46.7% | 41.6% | 37.2% |
| 75 | 49.2% | 44.3% | 40.0% |
| 80 | 53.4% | 48.8% | 44.6% |
| 85 | 59.1% | 54.9% | 51.1% |
| 90 | 65.3% | 61.8% | 58.6% |
Other eligibility rules
- The home is your principal residence.
- You own it outright or have enough equity that the loan can pay off the existing mortgage.
- You complete counseling with a HUD-approved counselor before applying.
- You can keep paying property taxes, insurance and upkeep; the lender runs a financial assessment.
- The property is an eligible type (single-family, 2–4 units with one occupied by you, FHA-approved condo, or eligible manufactured home).
Married couples with one spouse under 62
A younger spouse can be a non-borrowing spouse. The calculation then uses that spouse’s age, which lowers the amount, but it lets them stay in the home if they meet the conditions.
An estimate from HUD’s published factors. A lender’s quote uses your exact expected rate, appraisal, closing costs and any set-asides, so it will differ. HUD-approved counseling is required before you apply.
Sources and assumptions
- 24 CFR 206.33 (borrower age 62 or older)
- HUD principal limit factor tables (General Table, ages 62–99, expected rates 3%–18.875%)
- CFPB: reverse mortgages
Related
Frequently asked questions
Can you get a reverse mortgage at 60?
Not a HECM. The youngest borrower must be 62. A spouse under 62 can be listed as a non-borrowing spouse.
Does a reverse mortgage give more money at an older age?
Yes. At a 6% expected rate the HUD factor is 35.7% at 62 and 44.3% at 75.