Hawaii's #1 Reverse Mortgage

Michael G. Branson, CEO of All Reverse Mortgage, Inc., and moderator of ARLO™, has 45 years of experience in the mortgage banking industry. He has devoted the past 20 years to reverse mortgages exclusively. (License: NMLS# 14040)

All Reverse Mortgage's editing process includes rigorous fact-checking led by industry experts to ensure all content is accurate and current. This article has been reviewed, edited, and fact-checked by Cliff Auerswald, President and co-creator of ARLO™. (License: NMLS# 14041)

Michael G. Branson, CEO of All Reverse Mortgage, Inc., and moderator of ARLO™, has 45 years of experience in the mortgage banking industry. He has devoted the past 20 years to reverse mortgages exclusively. (License: NMLS# 14040)

All Reverse Mortgage's editing process includes rigorous fact-checking led by industry experts to ensure all content is accurate and current. This article has been reviewed, edited, and fact-checked by Cliff Auerswald, President and co-creator of ARLO™. (License: NMLS# 14041)

By Michael G. Branson   Edited by Cliff Auerswald

Reverse Mortgages in Hawaii: A Comprehensive Guide

If you’re a Hawaii 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 Hawaii, including key facts, the latest statistics, top lenders, and essential protections

Hawaii Reverse Mortgage Lenders

Latest Hawaii Reverse Mortgage Statistics

Hawaii Lending Limits

Hawaii, the 40th most populous state in the U.S., is home to approximately 1.46 million people as of 2024, with the highest population density centered in Honolulu. Around 246,306 residents are aged 65 and older, and about 66% of the state’s population are homeowners. This makes a significant number of Hawaiians eligible for a reverse mortgage.

Hawaii’s Rich History and Culture

Located in the Pacific Ocean, approximately 2,000 miles west of California, Hawaii is celebrated for its deep cultural traditions, including surfing, hula dancing, and the iconic leis. The state’s history includes becoming a U.S. territory in 1898 and gaining statehood as the 50th state in 1959. Known as the “Aloha State,” the term “aloha” symbolizes the warm and welcoming spirit of the islands, used both as a greeting and a farewell.

Hawaii is the largest island chain in the world, comprising over 100 islands, of which only seven are inhabited. The state is home to active volcanoes, which are significant tourist attractions. Tourism remains the dominant industry in Hawaii, contributing substantially to its economy.

Climate and Island Life

Hawaii’s tropical climate varies across the islands but remains mild throughout the year. While areas near the ocean receive around 25-30 inches of rainfall annually, some regions experience much more, depending on local geography. The islands’ diversity, with lush rainforests, dry regions, and volcanic landscapes, offers something for everyone.

Reverse Mortgage Opportunities in Hawaii

As of January 2025, the median home value in Hawaii is $843,185, reflecting the state’s consistently high real estate market. With this average, many homes fall near or above the federal maximum reverse mortgage lending limit of $1,209,750. For homeowners whose properties are valued above this limit, proprietary jumbo reverse mortgage programs are available to provide more borrowing power.

HUD-Approved Reverse Mortgage Counseling Agencies in Hawaii

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

Other Areas of Interest in Hawaii

Big Island Maui Oahu

Additional Resources:
Reversemortgage.org NRMLA Members in Hawaii: https://www.reversemortgage.org/Find-a-Lender/state/HI
HUD.GOV Approved Lenders Search: https://www.hud.gov/program_offices/housing/sfh/lender/lenderlist