High Rates of Reverse Mortgages in Philadelphia

Philadelphia has the highest rate of reverse mortgages among the nation’s largest counties, with loans predominately concentrated in low-income, minority neighborhoods, according to an analysis by the Federal Reserve Bank of Philadelphia and Fannie Mae.

Nineteen Philadelphia zip codes had 60 or more reverse mortgages per 1,000 senior households from 2010-16, which was at least three times the national rate.

Click and zoom in on the map for more information. Data on income and minority status is for households or people age 65 or older.

SOURCES: Federal Reserve Bank of Philadelphia; Fannie Mae

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