Florida Bounce – HECM Trends August 2014

In spite of the ugly chart at the top of page 1 showing August endorsement volume falling off the cliff compared to the last 2 years, there’s always a bright spot. In this case, Florida is showing up in our rankings with growing maximum claim amounts (MCA) on page 2:

  • Port Saint Lucie tops the list of cities with growing loan sizes, increasing $61,000 over last year to $174,000 on the average loan
  • Boynton Beach checks in third on the same list, up $52,000 to $274,000 (trailing our office HQ town of Mission Viejo!)
  • And Jacksonville takes the eighth spot as well

Loan counts are down in many places and average initial balances are down due to initial utilization restrictions, so it’s great to find places where home price appreciation can help you weather the storm!

Check out all the top states, cities and zip codes nationwide in the full report below by clicking the image below.

HECM Trends