We are happy to report that as of January, 2019 HUD has increased the lending limit for reverse mortgages to $726,525. This takes effect for any case numbers issued after 1/1/2019. Otherwise known as the national lending limit, this increase makes more money available on higher value homes.

Keep in mind that the borrower cannot receive this amount, it is only the maximum amount that we can now possibly value a house at – still good news for borrowers in more expensive home areas.

This is also called the maximum claim amount, or MCA. The MCA is defined as the lower of either the appraised value or the lending limit in effect at the time.