North America Reverse Mortgage Market Size & Outlook
North America reverse mortgage market highlights
- The North America reverse mortgage market generated a revenue of USD 641.8 million in 2023.
- The market is expected to grow at a CAGR of 5% from 2024 to 2030.
- In terms of segment, home equity conversion mortgages (hecms) was the largest revenue generating type in 2023.
- Home Equity Conversion Mortgages (HECMs) is the most lucrative type segment registering the fastest growth during the forecast period.
North America data book summary
| Market revenue in 2023 | USD 641.8 million |
| Market revenue in 2030 | USD 904.6 million |
| Growth rate | 5% (CAGR from 2023 to 2030) |
| Largest segment | Home equity conversion mortgages (hecms) |
| Fastest growing segment | Home Equity Conversion Mortgages (HECMs) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Home Equity Conversion Mortgages (HECMs) |
| Key market players worldwide | Finance of America Companies Inc, Mutual Of Omaha |
Other key industry trends
- In terms of revenue, North America region accounted for 35.2% of the global reverse mortgage market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 638.4 million by 2030.
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Reverse Mortgage Market Scope
Reverse Mortgage Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Longbridge Financial | View profile | 101-250 | Mahwah, New Jersey, United States, North America | http://www.longbridge-financial.com |
| HighTechLending | View profile | 101-250 | Irvine, California, United States, North America | https://hightechlending.com/ |
| Mutual of Omaha Mortgage | View profile | 501-1000 | San Diego, California, United States, North America | https://www.mutualmortgage.com |
| Liberty Home Equity Solutions | View profile | 251-500 | Rancho Cordova, California, United States, North America | http://libertyhomeequity.com |
| Open Mortgage | View profile | 251-500 | Austin, Texas, United States, North America | http://www.openmortgage.com |
| American Advisors Group | View profile | 1001-5000 | Orange, California, United States, North America | https://www.aag.com/ |
| One Reverse Mortgage | View profile | 501-1000 | San Diego, California, United States, North America | https://www.onereversemortgage.com/ |
| Reverse Mortgage Funding LLC | View profile | 251-500 | Bloomfield, New Jersey, United States, North America | http://reversefunding.com |
| Fairway Independent Mortgage Corporation | View profile | 1001-5000 | Madison, Wisconsin, United States, North America | http://www.fairwayindependentmc.com/ |
| Finance of America Companies Inc | View profile | 922 | 5830 Granite Parkway, Suite 400, Plano, TX, United States, 75024 | https://www.financeofamerica.com |
| Mutual Of Omaha | View profile | 5001-10000 | Omaha, Nebraska, United States, North America | http://www.mutualofomaha.com |
North America reverse mortgage market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to reverse mortgage market will help companies and investors design strategic landscapes.
Home equity conversion mortgages (hecms) was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the North America reverse mortgage market based on home equity conversion mortgages (hecms) covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of North America reverse mortgage market databook
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Our clientele includes a mix of reverse mortgage market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America reverse mortgage market , including forecasts for subscribers. This continent databook contains high-level insights into North America reverse mortgage market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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