Reverse mortgage in Indiana
HUD's own loan records show who lends in Indiana, where the loans are made and who counsels.
- In a year, Indiana saw 375 HECMs close
- Median home value counted by HUD: $275,000
- Top lender by count: Mutual of Omaha Mortgage Most HECMs in Indiana (129)
Between September 2025 and August 2026, 1.5% of the 24,529 HECMs counted nationwide closed in Indiana, 375 in all. HUD's data put Indiana 24th of the 50 states and DC.
Within that group, 48 covered home purchases with the HECM for Purchase, 44 of them refinanced an older HECM and 2 hit the $1,249,125 value cap.
Indiana HECMs compared with the national figures
The final two rows come from the calculator.
| Indiana | Against all HECMs | |
|---|---|---|
| HECMs closed | 375 | 1.5% of all 24,529 |
| Median home value counted | $275,000 | $165,000 less |
| Median principal limit | $119,400 | $74,772 less |
| Principal limit as a share of value | 41.7% | 1.7 points lower |
| Median expected rate | 5.75% | 0.125 points lower |
| HECM for Purchase | 12.8% | 7.3 points higher |
| Refinanced HECMs | 11.7% | 0.9 points higher |
| Lenders with a loan here | 18 | of 34 nationwide |
| Median home, no mortgage: what is left after costs at age 70 | $92,400 | $59,140 less |
| Usable in the first year at age 70 | $49,940 | $33,664 less |
Indiana HECM lenders ranked by loans
In Indiana, 18 lenders sponsored HECMs. Mutual of Omaha Mortgage, Longbridge Financial and Finance of America Reverse, the top three, accounted for 266 of the 375 loans (71%). Make a comparison against the national ranking.
| Rank | Lender | HECMs | Share |
|---|---|---|---|
| 1 |  | 129 | 34.4% |
| 2 | Longbridge Financial | 71 | 18.9% |
| 3 | Finance of America Reverse | 66 | 17.6% |
| 4 | Traditional Mortgage Acceptance Corporation | 24 | 6.4% |
| 5 | South River Mortgage | 19 | 5.1% |
| 6 | PHH Mortgage | 12 | 3.2% |
| 7 |  | 12 | 3.2% |
| 8 |  | 9 | 2.4% |
| 9 | Guild Mortgage | 7 | 1.9% |
| 10 |  | 6 | 1.6% |
HECMs originated in Indiana by lenders and brokers based there
A total of A total of 49 companies took Indiana HECM applications. Other than the national names above, the firms that originated the most are Atlantic Avenue Mortgage (25), Peoples Bank (15), Ruoff Mortgage Company (8), Loandepot.com (6), Pulte Mortgage (5), Caliver Beach Mortgage (4), Watermark Capital (3) and Movement Mortgage (3). 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.
Where HECMs were made in Indiana
Marion County took the lead with 53 of the 375 loans, and Hamilton followed with 45. Indianapolis (53) had the most, followed by Westfield (25), Fort Wayne (17), South Bend (9) and Carmel (7). 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 |
|---|---|---|
| Marion | 53 | 14.1% |
| Hamilton | 45 | 12% |
| Lake | 36 | 9.6% |
| Allen | 18 | 4.8% |
| St. Joseph | 16 | 4.3% |
| Johnson | 12 | 3.2% |
Reverse mortgage counselors in Indiana on the HUD-approved list
HUD's list shows 1 agency for reverse mortgage counseling based in Indiana. Their phone numbers appear in HUD's counselor search.
| City | Agency | How they counsel | Languages |
|---|---|---|---|
| Lafayette, IN | Homestead Resources | phone, in person, video, online, group | English |
Older homeowners in Indiana and their property tax relief
In Marion County, a property tax credit of $150.00 may be available to you at 65 or older, with prior-year adjusted gross income no higher than $60,000 if you are a single filer, or no higher than $70,000 if you file jointly. A circuit breaker credit may also apply to you: it caps yearly tax increases at 2 percent. indy.gov: Apply for Over 65 Property Tax Credit.
Who oversees reverse mortgage lenders in Indiana
In Indiana, the Department of Financial Institutions licenses lenders of mortgages. Indiana Department of Financial Institutions: MLO FAQ.
Data source: the HUD HECM portfolio snapshot, covering September 2025 through August 2026. Every state.