Delaware's #1 Reverse Mortgage*

Reverse Mortgages in Delaware: A Comprehensive Guide

If you’re a Delaware homeowner aged 62 or older, a reverse mortgage could be a valuable tool to help you unlock the equity in your home and improve your financial security during retirement. In this guide, we’ll cover everything you need to know about reverse mortgages in Delaware, including key facts, the latest statistics, top lenders, and essential protections.

How this data was derived: Reverse mortgage counts reflect FHA-insured HECM loans endorsed over a rolling 12-month period (Dec 2024–Nov 2025) using HUD HECM Snapshot data. Active lenders represent unique FHA sponsor numbers with at least one endorsed loan during this period. Estimated homeowners age 62+ are based on U.S. Census ACS 5-year owner-occupied households age 65+ as a conservative proxy. Home values are sourced from Zillow’s Home Value Index (latest available).

Delaware Reverse Mortgage Overview (2026)

Delaware, known as The First State for being the first to ratify the U.S. Constitution, has an estimated population of approximately 1.03 million residents as of 2026. Despite its small size, Delaware has a disproportionately large older homeowner population. An estimated 260,000 Delaware homeowners are age 62 or older, making reverse mortgages a relevant retirement planning option across the state.

According to 2026 data, Delaware recorded 114 reverse mortgages closed in the last 12 months, supported by 18 active reverse mortgage lenders statewide.

Delaware Home Values and Reverse Mortgage Lending Limits

The average home value in Delaware is $376,600, which is well below the federal HECM lending limit of $1,249,125. As a result, many Delaware homeowners can access the full benefits of an FHA-insured Home Equity Conversion Mortgage without needing proprietary programs.

For homeowners with higher-value properties that exceed FHA limits, jumbo reverse mortgage options are available and can provide additional borrowing power beyond standard HECM guidelines.

Why Reverse Mortgages Matter in Delaware

Delaware’s combination of:

• High concentrations of homeowners age 62+
• Strong long-term homeownership
• Moderate home values relative to FHA limits

Makes reverse mortgages a practical tool for homeowners who want to:

• Eliminate monthly mortgage payments
• Supplement retirement income
• Establish a line of credit for future needs
• Remain in their home without selling

Delaware’s Economy and Long-Term Homeownership

Delaware was founded in 1638 and became the first state in 1787. Today, its economy is anchored by financial services, healthcare, pharmaceuticals, and manufacturing. Wilmington, the state’s largest city, is a major financial hub and home to companies such as JPMorgan Chase, DuPont, and AstraZeneca. Dover, the state capital, adds stability through government and military employment.

Delaware’s favorable tax structure and coastal location continue to attract long-term residents, contributing to sustained homeownership among older households.

Top 20 Reverse Mortgage Lenders in Delaware

Did you know? Delaware does not mandate in-person counseling. Visit our counseling page for a list of phone-based counseling agencies and conduct your required counseling from the comfort of your home.

Top Lender Resources in DE:
Reversemortgage.org NRMLA Members in Delaware
HUD.GOV Approved Lenders Search