Reverse mortgage in Delaware
HUD's own loan records identify Delaware's lenders, where the loans are and who counsels.
- During one year, Delaware recorded 102 HECMs closed
- Median home value counted by HUD: $390,000
- Finance of America Reverse led Delaware in HECMs (23)
According to HUD's HECM data, Delaware recorded 102 reverse mortgages closed between September 2025 and August 2026, 0.4% nationwide. That is the state's share of the 24,529 closed in total, ranking 40th among 50 states and DC.
The set shows 1 home purchase through a HECM for Purchase, 9 refinancings of an older HECM and 2 loans at the $1,249,125 value cap.
National figures compared with Delaware HECMs
The final two rows are based on the calculator.
| Delaware | Against all HECMs | |
|---|---|---|
| HECMs closed | 102 | 0.4% of all 24,529 |
| Median home value counted | $390,000 | $50,000 less |
| Median principal limit | $165,592 | $28,580 less |
| Principal limit as a share of value | 41.8% | 1.6 points lower |
| Median expected rate | 5.812% | 0.062 points lower |
| HECM for Purchase | 1% | 4.5 points lower |
| Refinanced HECMs | 8.8% | 2 points lower |
| Lenders with a loan here | 11 | of 34 nationwide |
| Median home, no mortgage: left after costs at age 70 | $133,340 | $18,200 less |
| Usable in the first year at age 70 | $73,124 | $10,480 less |
Delaware HECM lenders ranked by loans
HECMs in Delaware were sponsored by 11 lenders. Among the top three lenders, Finance of America Reverse and Mutual of Omaha Mortgage, plus Longbridge Financial, accounted for 64 of the 102 loans (63%). Check the national ranking for a comparison.
| Rank | Lender | HECMs | Share |
|---|---|---|---|
| 1 | Finance of America Reverse | 23 | 22.5% |
| 2 |  | 23 | 22.5% |
| 3 | Longbridge Financial | 18 | 17.6% |
| 4 | Traditional Mortgage Acceptance Corporation | 10 | 9.8% |
| 5 | South River Mortgage | 6 | 5.9% |
| 6 | PHH Mortgage | 6 | 5.9% |
| 7 |  | 5 | 4.9% |
| 8 | Guild Mortgage | 4 | 3.9% |
| 9 | Plaza Home Mortgage | 3 | 2.9% |
| 10 |  | 2 | 2% |
Delaware HECMs: local lenders and brokers that originated them
A total of 26 companies handled Delaware HECM applications. Leaving out the national lenders, the firms that originated the most were Wilmington Savings Fund Society (9), Atlantic Avenue Mortgage (9), All American Mortgage (7), Movement Mortgage (3), West Capital Lending (2), Primary Residential Mortgage (2), Nexa Mortgage (2) and Pike Creek Mortgage Svcs (1). These counts are of the company that originated each loan, while the ranking above counts the lender that sponsored it, so the two lists are not comparable.
Delaware HECMs by location
The top county was New Castle County, which had 46 of the 102 loans; Sussex had 38. Cities with the highest totals were Wilmington (15), Newark (10), Lewes (8), Dover (6) and Millsboro (6). City names are the mailing city on each HUD record and can reach into nearby counties, so a city's count need not match the county table.
| County | HECMs | Share |
|---|---|---|
| New Castle | 46 | 45.1% |
| Sussex | 38 | 37.3% |
| Kent | 18 | 17.6% |
HUD-approved counselors for reverse mortgages in Delaware
HUD's counselor list has no agency based in Delaware. Before you apply, you still need the session: HUD's counselor search lists agencies that counsel by phone or video.
Delaware property tax relief for older homeowners
If you are age 65 or older in Delaware, you may receive a credit equal to 50 percent of regular school property taxes on your primary residence, up to $500. Senior School Property Tax Relief - Department of Finance - State of Delaware.
Who oversees reverse mortgage lenders in Delaware
A licensed lender in Delaware must receive written confirmation of your independent housing counseling before the reverse mortgage loan is finalized. Delaware Code Online.
Data comes from the HUD HECM portfolio snapshot, covering September 2025 through August 2026. All states.