Reverse mortgage in North Dakota
HUD's own loan records show who lends in North Dakota, where the loans are and who counsels there.
- In one year, 16 HECMs closed in North Dakota
- $367,000 Median home value counted by HUD
- Mutual of Omaha Mortgage Most HECMs (7) in North Dakota
HUD's HECM records count 16 closed reverse mortgages in North Dakota between September 2025 and August 2026, 0.1% of 24,529 closed nationwide, placing the state 51st among the 50 states plus DC.
In that group, 2 loans bought a home using HECM for Purchase.
North Dakota HECMs compared with the national figures
The final two rows come from this calculator.
| North Dakota | Against all HECMs | |
|---|---|---|
| HECMs closed | 16 | 0.1% of all 24,529 |
| Median home value counted | $367,000 | $73,000 less |
| Median principal limit | $153,032 | $41,140 less |
| Principal limit as a share of value | 43.3% | 0.1 points lower |
| Median expected rate | 6% | 0.125 points higher |
| HECM for Purchase | 12.5% | 7 points higher |
| Refinanced HECMs | 0% | 10.9 points lower |
| Lenders with a loan here | 4 | of 34 nationwide |
| Median home, no mortgage, what stays after costs at age 70 | $125,152 | $26,388 less |
| Usable in the first year at age 70 | $68,487 | $15,117 less |
North Dakota HECM lenders, ranked by loan count
HECMs in North Dakota were sponsored by 4 lenders. Among the top three lenders were Mutual of Omaha Mortgage, Longbridge Financial and Finance of America Reverse, which made 14 of the 16 loans (88%). See the national ranking for a comparison.
| Rank | Lender | HECMs | Share |
|---|---|---|---|
| 1 |  | 7 | 43.8% |
| 2 | Longbridge Financial | 4 | 25% |
| 3 | Finance of America Reverse | 3 | 18.8% |
| 4 |  | 2 | 12.5% |
Local lenders and brokers that made HECMs in North Dakota
A total of A total of 9 companies took North Dakota HECM applications. Setting aside the national lenders, the most originations came from Movement Mortgage (1), West Capital Lending (1), Mountain State Financial Group (1) and Loandepot.com (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.
Where North Dakota HECMs came from
Leading the state, Cass County drew 8 of the 16 loans, while Burleigh counted 3. Fargo had the most loans at 6, then Bismarck (3), West Fargo (2), Kathryn (1) and Hebron (1). 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 |
|---|---|---|
| Cass | 8 | 50% |
| Burleigh | 3 | 18.8% |
| Lamoure | 1 | 6.2% |
| Morton | 1 | 6.2% |
| Stark | 1 | 6.2% |
| Cavalier | 1 | 6.2% |
North Dakota HUD-approved reverse mortgage counselors
HUD's counselor list has no agency based in North Dakota. Before you apply, the session is still required, and HUD's counselor search lists agencies offering phone or video counseling.
Property tax relief for North Dakota homeowners who are older
At 65 or older, if your income, counting your spouse’s and dependents’ income, stays at or below $70,000, North Dakota’s Homestead Property Tax Credit cuts the taxable value of your home by 100% (up to $9,000) when income is $0 - $40,000, or by 50% (up to $4,500) when income is $40,001-$70,000. Homestead Property Tax Credit | North Dakota Office of State Tax Commissioner.
Who oversees reverse mortgage lenders in North Dakota
In North Dakota, the Department of Financial Institutions is the body that licenses and regulates mortgage loan originators, mortgage loan servicers and money brokers. North Dakota Department of Financial Institutions - Home | ND Department of Financial Institutions.
The figures come from the HUD HECM portfolio snapshot for September 2025 to August 2026. Every state.