Reverse mortgage in Washington
HUD's own loan records tell us who lends in Washington, where the loans are and who counsels there.
- In a single year, 948 HECMs closed in Washington
- Median home value HUD counted: $596,500
- Most HECMs in Washington came from Finance of America Reverse (210)
Between September 2025 and August 2026, 3.9% of all 24,529 HECMs nationwide were closed in Washington, based on HUD's HECM data. That is 948 reverse mortgages, and Washington ranks sixth of the 50 states plus DC.
Those loans include 48 home purchases with a HECM for Purchase, 114 refinancings of an older HECM and 66 that reached the $1,249,125 limit on value.
Washington HECMs compared with the national figures
Those last two rows come from the calculator.
| Washington | Against all HECMs | |
|---|---|---|
| HECMs closed | 948 | 3.9% of all 24,529 |
| Median home value counted | $596,500 | $156,500 more |
| Median principal limit | $259,518 | $65,346 more |
| Principal limit as a share of value | 43.4% | the same |
| Median expected rate | 5.875% | the same |
| HECM for Purchase | 5.1% | 0.5 points lower |
| Refinanced HECMs | 12% | 1.2 points higher |
| Lenders with a loan here | 22 | of 34 nationwide |
| Median home, no mortgage: what remains after costs at age 70 | $208,819 | $57,279 more |
| Usable in the first year at age 70 | $116,719 | $33,115 more |
Washington HECM lenders ranked by loan count
In Washington, 22 lenders sponsored HECMs. Among the top three lenders were Finance of America Reverse, Mutual of Omaha Mortgage and Longbridge Financial. Their 591 loans made up 62% of all 948. See how the national ranking compares.
| Rank | Lender | HECMs | Share |
|---|---|---|---|
| 1 | Finance of America Reverse | 210 | 22.2% |
| 2 |  | 197 | 20.8% |
| 3 | Longbridge Financial | 184 | 19.4% |
| 4 |  | 79 | 8.3% |
| 5 | Traditional Mortgage Acceptance Corporation | 55 | 5.8% |
| 6 | Guild Mortgage | 47 | 5% |
| 7 |  | 32 | 3.4% |
| 8 | South River Mortgage | 29 | 3.1% |
| 9 | PHH Mortgage | 19 | 2% |
| 10 | Plaza Home Mortgage | 15 | 1.6% |
Washington HECMs: local lenders and brokers that originated them
Washington HECM applications went to 120 companies. Aside from the national names above, the largest origination counts came from Movement Mortgage (34), Atlantic Avenue Mortgage (32), Barrett Financial Group (22), New American Funding (19), Caliver Beach Mortgage (19), Vince Thomas & (13), Tila Mortgage (13) and C2 Financial (12). 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 in Washington HECMs were made
Pierce had 120 of the 948 loans, and King County led with 179. Most loans by city: Seattle (49), Vancouver (35), Tacoma (32), Spokane (30) and Olympia (18). 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 |
|---|---|---|
| King | 179 | 18.9% |
| Pierce | 120 | 12.7% |
| Snohomish | 96 | 10.1% |
| Clark | 65 | 6.9% |
| Spokane | 58 | 6.1% |
| Kitsap | 56 | 5.9% |
Reverse mortgage counselors in Washington who are HUD-approved
HUD's list shows 3 counseling agencies for reverse mortgages based in Washington, in 2 cities. Their phone numbers appear in HUD's counselor search.
| City | Agency | How they counsel | Languages |
|---|---|---|---|
| Bremerton, WA | American Financial Solutions | phone, in person, video | English, Spanish |
| Seattle, WA | Credit.org - Seattle Branch | phone, video | English, Spanish |
| Seattle, WA | Urban League of Metropolitan Seattle | phone | English |
Property tax relief for Washington homeowners who are older
You may receive lower property taxes and a frozen taxable value when certain conditions are met. You must be 61 or older by December 31 for the assessment year, own your Washington home and occupy it, and meet the income limit. That limit is the greater of the threshold set for the previous year or 70% of county median household income. Property Tax Exemption for Senior Citizens and People with ....
Who oversees reverse mortgage lenders in Washington
Before a lender in Washington offers or makes proprietary reverse mortgages, it must have approval from the Department of Financial Institutions. Proprietary Reverse Mortgages
Data source: HUD HECM portfolio snapshot, covering September 2025 to August 2026. Every state.