Top ↑
Home / Lenders / Reverse Mortgage Lenders, Indiana

Compare Indiana's Best Reverse Mortgages

Try ARLO™ a revolutionary calculator that offers side-by-side lender comparisons, real-time interest rates and expert recommendations. 100% Free.
In your current area homeowners are currently utilizing reverse mortgages to better enhance their retirement years, with nationwide!
The amount you receive is based on your home’s value, your age, and current interest rates. Let’s start with your address so I can estimate your home value…
$
$
The minimum qualifying age for a reverse mortgage is 62. If you are within 6 months from your next birthday, I will automatically calculate you a year older.
Tip! Don’t forget to include your spouse’s age, even if they are not yet 62, as loan proceeds are always based on the age of the youngest spouse.
Your Age
Your personalized results include the best of 2020's reverse mortgages
• Side-by-side loan comparisons
• Real-time interest rates
• ARLO™ advice to help you select the right program
(Needed to validate request)
‹ Back
Your FREE Report Includes
Real Time Analysis (Next Step)
Analysis Via Email
From America's #1 Rated Reverse Mortgage Lender

 

Indiana Reverse Mortgage Facts

StateHomeowners Age 62+Reverse Mortgages Closed Last 12 MonthsPurchase Reverse Mortgages Closed Last 12 MonthsLenders in IndianaAvg. Home Value
Indiana54,6581691424$133,700

 

 

Indiana Lending Limits

Indiana facts


Indiana is the 17th most populous state in the U.S. and the 38th largest in terms of land area. Approximately 6,666,818 people resides in the state in 2017, with the largest numbers living in the Indianapolis area and the northwest part of the state.  Approximately 1,026,689 people Indiana are 65 and over, and the state’s homeownership rate is 70%.

As long ago as 8,000 B.C., migratory tribes inhabited the area that would one day become Indiana. Once Europeans reached the area, France and Britain vied to control this frontier land, with Britain eventually succeeding. Even after the area was open to settlement, fights with the native tribes were common until 1811’s Battle of Tippecanoe. “The Crossroads of America” became the 19th state in 1816.

Since 1825, Indianapolis has been the state capital, and is currently the largest city in the state — with a population of 863,002. Because of its central location, the city was founded specifically to become the capital, and later became a major hub of transportation thanks to the roads and rail lines constructed there. Today, the city is known for hosting the Indianapolis 500 each May, which brings approximately 300,000 people to the city. The city was also the birthplace of Wonder Bread and hosted Elvis’ very last concert.

Following Indianapolis, the next largest cities are Fort Wayne and Evansville.
Fort Wayne has 264,488 residents and is known as the home of the very first professional baseball game. The driving industries behind Indiana’s economy are agriculture, manufacturing, and the service industry. As the state boasts the largest limestone deposit in the world, mining is also a major industry. The largest companies in Indiana are Anthem, Eli Lilly and Co., and Cummins.

Having four distinct seasons, Indiana falls under the humid continental climate category. All of the state gets snow and rain, with the south being a bit warmer and wetter in the summer and slightly less snowy in the winter. The average high temperature in Indiana is 85 degrees Fahrenheit in July, and the average low temperature is 19 degrees Fahrenheit in January. 

The average home value in the state is $133,700, and prices are expected to rise an additional 3.7% in the next year. Given this average, many homes fall below the federal maximum reverse mortgage lending limit of $765,600 that applies to all HECM loans. For more borrowing power above the federal limit, there are jumbo reverse mortgage programs available.

 

Indiana Approved Reverse Mortgage Counseling Agencies

Agency NamePhoneAgency IDAddressLanguagesWebsite
CITY OF BLOOMINGTON - HOUSING AND NEIGHBORHOOD DEVELOPMENT (HAND)812-349-340180266401 N Morton Street
BLOOMINGTON, Indiana 47404-3729
Englishwww.bloomington.in.gov/hand
HOMESTEAD CS765-423-128484879671 N 36th St
Lafayette, Indiana 47905-4475
English
Spanish
www.homesteadcs.org
GREENPATH FINANCIAL WELLNESS888-860-416783515245 W Edison Rd
Suite 130
Mishawaka, Indiana 46545-8305
English
Spanish
www.greenpath.org

Did you know? Indiana state 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.

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

Indiana Reverse Mortgages
(31 votes, average: 4.97 out of 5)
Click Here to Rate This Page
Close Menu