Maryland State's #1 Reverse Mortgage*

Reverse Mortgages in Maryland: A Comprehensive Guide

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

Top Reverse Mortgage Lenders in Maryland

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).

Maryland Reverse Mortgage Lending Limits

Maryland, often called the Old Line State, is home to an estimated 6.2 million residents as of 2026. Approximately 1.3 to 1.4 million Marylanders are age 62 or older, and due to higher homeownership rates among older households, roughly 1.05 to 1.10 million of them own their homes. This makes a significant share of Maryland homeowners potentially eligible for a reverse mortgage, particularly those looking to access home equity while remaining in their homes long term.

Home Values and Reverse Mortgage Options

As of January 2026, the median home value in Maryland is approximately $442,400. This value is well below the federal reverse mortgage lending limit of $1,249,125, meaning that most Maryland homeowners are eligible to benefit fully from a Home Equity Conversion Mortgage (HECM). For homeowners whose properties are valued above this limit, jumbo reverse mortgage programs offer additional access to home equity.

A Rich Historical Background

Maryland, one of the original 13 colonies, has deep historical roots that precede the United States’ founding. Established in 1632 when George Calvert, the 1st Baron Baltimore, applied for a royal charter, the Province of Maryland became the birthplace of significant American historical events. Maryland joined the Union as the seventh state on April 28, 1788, contributing to key moments such as:

• The establishment of the Mason-Dixon Line in 1763, which helped resolve boundary disputes between Maryland and Pennsylvania.
• Francis Scott Key penning the Star-Spangled Banner in 1814, inspired by Maryland’s role in the War of 1812.
• The Battle of Antietam in 1862, the bloodiest single-day battle in American history.

Baltimore, Maryland’s largest city, has an estimated population of approximately 610,000 residents as of 2026. The city is home to Johns Hopkins University and Johns Hopkins Hospital, both internationally recognized for education, research, and medical innovation. Baltimore also has a rich cultural legacy and has served as the backdrop for notable works by Edgar Allan Poe, Barry Levinson, and John Waters, as well as the acclaimed HBO series The Wire.

Maryland’s capital, Annapolis, is located about 30 miles east of Washington, D.C. Known for its historic charm and scenic waterfront, Annapolis is home to the United States Naval Academy and plays a central role in the state’s political and maritime history.

Maryland’s Climate and Economy

Maryland’s climate varies due to its geographical diversity. The western parts of the state experience cooler temperatures, with an annual average of 48°F, while the southeastern regions are warmer, averaging 59°F annually. Summers are generally hot and humid, while winters can be cold with occasional snow.

The state’s economy is driven by several key sectors, including government services, healthcare, biotechnology, and hospitality. Major employers include Marriott International, Lockheed Martin, and the Social Security Administration. Maryland’s job market continues to grow, with a 1.8% increase in employment over the past year. In 2023, Forbes ranked Maryland 26th in its Best States for Business report.

Did you know? Maryland 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 Maryland

Baltimore Columbia Frederick Germantown Silver Spring

Additional Resources:

• Reversemortgage.org NRMLA Members in Maryland
• HUD.GOV Approved Lenders Search