In this edition of our HECM Trends report, we’re focused on geographies with growing dollar volumes of HECM endorsements around the country. Loan counts might be down -6.3% in Q1 compared to last year, but there are always sunny spots if you know where to find them (hint – on the bottom of page 2!).
- California claims 7 of the top 10 cities for MCA volume growth – in just the top example, San Diego produced $54.7 million in aggregate maximum claim amounts Jan-Mar, up $18.4 million from the same time last year.
- The top zip codes are a clean sweep for California – are you generating any loans in 92056 (Oceanside, CA)? How about 94595 (Walnut Creek, CA)?
- We also look at this in terms of average max claim amounts per loan and notice one city shows up that also appeared on our top loan count rankings on page 1. Zip code 32162 in The Villages, FL has fewer loans this year than last (-43.6%) but the good news is at least the remaining loans are $63,000 higher in max claim amount on average than last year. And 22 loans endorsed in Q1 puts it at number 3 in the nation for loan volume.
Check out your state/county/city/zip in the full report below (click on the image) or feel free to give us a shout if you’d like a personal deep dive to see how this information can focus your opportunities.