Idaho's #1 Reverse Mortgage*

Reverse Mortgages in Idaho: A Comprehensive Guide

If you’re an Idaho 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 Idaho, including key facts, the latest statistics, top lenders, and essential protections.

Top 20 Reverse Mortgage Lenders in Idaho

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).

Idaho Reverse Mortgage Lending Limits

Idaho, the 39th most populous state in the U.S. and the 14th largest by land area, has an estimated population of approximately 1.95 million residents as of 2026. The state is home to roughly 400,000 homeowners age 62 and older, reflecting both Idaho’s strong homeownership culture and its rapidly aging population. With nearly 70% of residents owning their homes, many older Idaho homeowners are equity-rich but income-conscious, making reverse mortgages a practical option for those looking to access home equity while remaining in their homes long term.

Idaho’s Rich History and Economic Development

Idaho has a fascinating history, with human activity dating back over 14,500 years. Before European settlers arrived in the early 19th century, two major Native American tribes inhabited the region. Idaho gained prominence through fur trading and mission work, which attracted settlers. It became part of the U.S. in 1846 and officially became the 43rd state in 1890, following gold rushes in the 1860s.

Boise, Idaho’s capital and largest city, has an estimated population of approximately 235,000 residents as of 2026. Originally established as a supply hub during the 19th-century gold rush, Boise grew rapidly with the expansion of irrigation and agriculture and has since evolved into one of the most desirable and fastest-growing cities in the Mountain West. Other major cities, including Meridian and Nampa, have also seen significant population growth as more residents relocate to the Treasure Valley.

Idaho’s economy is anchored by agriculture, particularly its well-known potato industry, while also benefiting from strong growth in manufacturing, healthcare, technology, and tourism. The state consistently ranks among the top U.S. states for business friendliness, with major employers such as Albertsons Companies and Micron Technology headquartered in Idaho, reinforcing long-term economic stability and job growth.

Climate and Living in Idaho

Idaho has diverse climates, with the northern part of the state being drier and the southern areas experiencing warmer summers. Summer temperatures can reach highs of 91°F in July, while winters are cold, with average lows of 25°F in January. Idaho’s wide-ranging geography offers residents a mix of outdoor activities year-round, from skiing to hiking.

Reverse Mortgage Opportunities in Idaho

As of January 2026, the median home value in Idaho is $478,100, below the federal HECM loan limit of $1,249,125. This allows many Idaho homeowners to use a reverse mortgage to unlock home equity. For those whose homes are valued above this limit, jumbo reverse mortgage programs provide additional borrowing options.

Did you know? Idaho 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.

Additional Resources:
Reversemortgage.org NRMLA Members in Idaho
HUD.GOV Approved Lenders Search