Louisiana Reverse Mortgage Information and Facts

1. Census Data Relevant to the Louisiana Reverse Mortgage Market. It is helpful to understand the demographic make-up of Louisiana's reverse mortgage eligible population. The following information comes from the US Census Bureau's 2005 American Community Survey.

The Census Bureau projects the senior citizen population in Louisiana will change as follows in the years ahead:

2. Louisiana's Home Value Growth. Home price increases are an important factor in the reverse mortgage decision. The information below comes from the quarterly Housing Price Index (HPI) published by the Office of Federal Housing Enterprise Oversight (OFHEO). These figures indicate the average percentage gain in value for homes in Louisiana for the most recent 1-year and 5-year periods and, also, how the HPI rankings for Louisiana compare to other states. Clearly, senior homeowners in areas with strong home price appreciation and substantial accumulated home equity are more apt to consider a reverse mortgage as a supplemental source of retirement income. Figures are updated quarterly (most recent update made 2/28/08 reporting 4th Quarter 2007 results).

3. Section HECM Loan Limits for Louisiana. The federally-insured Home Equity Conversion Mortgage (HECM) program has limits on the size of loan that can be insured. These are known as "203b limits" and are set by HUD for each county in each state. Click on the link below for a list of current 203b Limits for each Louisiana county.

County	HECM Limit	Last Revised
UNION	200,160	20060101
ST. MARY	200,160	20080305
EAST CARROLL	200,160	20080305
WEST FELICIAN	200,160	20060101
CADDO	200,160	20080305
TENSAS	200,160	20080305
ST. MARTIN	200,160	20080305
EAST BATON RO	200,160	20060101
JEFFERSON	218,500	20080101
ST. JAMES	200,160	20080305
LAFAYETTE	200,160	20080305
GRANT	200,160	20080305
RICHLAND	200,160	20080305
CONCORDIA	200,160	20080305
SABINE	200,160	20080305
ST. JOHN THE	218,500	20080101
AVOYELLES	200,160	20080305
VERMILION	200,160	20080305
RED RIVER	200,160	20080305
LINCOLN	200,160	20080305
ST. TAMMANY	218,500	20080101
JACKSON	200,160	20080305
WINN	200,160	20080305
MADISON	200,160	20080305
BEAUREGARD	200,160	20080305
WEBSTER	200,160	20080305
ASSUMPTION	200,160	20080305
LAFOURCHE	200,160	20080305
WASHINGTON	200,160	20080305
ST. LANDRY	200,160	20080305
ALLEN	200,160	20080305
EVANGELINE	200,160	20080305
NATCHITOCHES	200,160	20080305
CAMERON	200,160	20060101
BIENVILLE	200,160	20080305
JEFFERSON DAV	200,160	20080305
ORLEANS	218,500	20080101
ST. BERNARD	218,500	20080101
TANGIPAHOA	200,160	20080305
ST. CHARLES	218,500	20080101
ASCENSION	200,160	20060101
LIVINGSTON	200,160	20060101
FRANKLIN	200,160	20080305
BOSSIER	200,160	20080305
OUACHITA	200,160	20060101
CLAIBORNE	200,160	20080305
WEST CARROLL	200,160	20080305
ACADIA	200,160	20080305
VERNON	200,160	20080305
EAST FELICIAN	200,160	20060101
ST. HELENA	200,160	20060101
RAPIDES	200,160	20080305
CALDWELL	200,160	20080305
PLAQUEMINES	218,500	20080101
LA SALLE	200,160	20080305
MOREHOUSE	200,160	20080305
CATAHOULA	200,160	20080305
IBERVILLE	200,160	20060101
WEST BATON RO	200,160	20060101
IBERIA	200,160	20080305
TERREBONNE	200,160	20080305
POINTE COUPEE	200,160	20060101
CALCASIEU	200,160	20060101
DE SOTO	200,160	20080305

4. Reverse Mortgage Loan Activity in Louisiana. Since September 2001, a total of 2,393 HECM reverse mortgages have been endorsed by HUD Offices located in Louisiana. Louisiana reverse mortgage endorsements represent 0.7% of the total 361,591 reverse mortgages originated throughout the United States during this timespan.

Over the past few years, the volume of reverse mortgage originations has grown in Louisiana as well as the rest of the country. Following are HECM reverse mortgage statisitics for the period from September 2001 up to the current month (Oct-2008). The first chart shows the distribution of HECM loan originations by Louisiana HUD Office region and the second chart shows year-to-year HECM loan growth. Further information on HECM loan activity can be found using the HECM Data Tool.

5. Louisiana Reverse Mortgage Lenders. So, who are Louisiana's top reverse mortgage lenders? The following table shows Louisiana's top 25 originators of HUD HECM loans thus far for calendar year 2008:

The table below provides a longer term view of Louisiana's top 25 lenders looking at the period from September 2001 up to the current month (Oct-2008). For a complete listing of Louisiana reverse mortgage lenders, use this Louisiana reverse mortgage lender directory.

ATTENTION REVERSE MORTGAGE LENDERS - if you are listed above as one of Louisiana's top reverse mortgage lenders, you should consider turning your listing into a clickable hyperlink that will take visitors directly to your company's website. Your "live" link will appear for every state that you rank in the top 25 lenders. Reverse-Mortgage-Information.org is one of the leading sites on the web for seniors seeking independent information about reverse mortgages. For more information, contact us .