New Hampshire Reverse Mortgage Information and Facts

1. Census Data Relevant to the New Hampshire Reverse Mortgage Market. It is helpful to understand the demographic make-up of New Hampshire'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 New Hampshire will change as follows in the years ahead:

2. New Hampshire'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 New Hampshire for the most recent 1-year and 5-year periods and, also, how the HPI rankings for New Hampshire 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 New Hampshire. 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 New Hampshire county.

County	HECM Limit	Last Revised
MERRIMACK	210,900	20060206
SULLIVAN	200,160	20060206
HILLSBOROUGH	305,425	20060101
CARROLL	200,160	20080305
ROCKINGHAM	362,790	20060101
GRAFTON	200,160	20080305
COOS	200,160	20080305
CHESHIRE	200,160	20080305
BELKNAP	200,160	20080305
STRAFFORD	362,790	20060101

4. Reverse Mortgage Loan Activity in New Hampshire. Since September 2001, a total of 1,692 HECM reverse mortgages have been endorsed by HUD Offices located in New Hampshire. New Hampshire reverse mortgage endorsements represent 0.5% 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 New Hampshire 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 (Sep-2008). The first chart shows the distribution of HECM loan originations by New Hampshire 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. New Hampshire Reverse Mortgage Lenders. So, who are New Hampshire's top reverse mortgage lenders? The following table shows New Hampshire's top 25 originators of HUD HECM loans thus far for calendar year 2008:

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

ATTENTION REVERSE MORTGAGE LENDERS - if you are listed above as one of New Hampshire'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 .