
The U.S Department of Housing and Urban Development has made several changes to the Home Equity Conversion Mortgage(HECM) with regards to the new Principal Limit Factors(PLFs).
HECM Principal Limit Factors (PLFs) provide the percent of Maximum Claim Amount (MCA) allowable in total cash draws, given the age of the borrower(s) and the “expected” interest rate of the loan. The General Table provides PLFs for eligible borrowers by age and interest rate, for interest rate levels at which allowable PLFs are sufficiently large enough that borrowers can reasonably receive net benefits from HECM. Each row represents one single age, and provides a series of PLFs for interest rates within a given percentage-point range, in one-eighth-percent increments. The PLFs presented here are in decimal form (e.g., 0.562 equals 56.2%).
PLFs do not change for borrowers above the age of 90 years. While such borrowers are still eligible for HECM, they are not eligible for any increase in PLF. All effective rates below 5.000% have the same PLF as for the 5.000% effective rate, by borrower age. The Tables do not include PLFs for rates above 10.000%. Additional rates may be published as market conditions change. Below is the table in Loan-To-Value (e.g., 0.562 equals 56.2%).
Age Interest LTV Interest LTV Interest LTV Interest LTV Interest LTV Interest LTV
18 | 4.000 | 0.317 | 4.125 | 0.317 | 4.250 | 0.317 | 4.375 | 0.317 | 4.500 | 0.317 | 4.625 | 0.317 | 4.750 | 0.317 | 4.875 | 0.317 |
19 | 4.000 | 0.317 | 4.125 | 0.317 | 4.250 | 0.317 | 4.375 | 0.317 | 4.500 | 0.317 | 4.625 | 0.317 | 4.750 | 0.317 | 4.875 | 0.317 |
20 | 4.000 | 0.326 | 4.125 | 0.326 | 4.250 | 0.326 | 4.375 | 0.326 | 4.500 | 0.326 | 4.625 | 0.326 | 4.750 | 0.326 | 4.875 | 0.326 |
21 | 4.000 | 0.326 | 4.125 | 0.326 | 4.250 | 0.326 | 4.375 | 0.326 | 4.500 | 0.326 | 4.625 | 0.326 | 4.750 | 0.326 | 4.875 | 0.326 |
22 | 4.000 | 0.326 | 4.125 | 0.326 | 4.250 | 0.326 | 4.375 | 0.326 | 4.500 | 0.326 | 4.625 | 0.326 | 4.750 | 0.326 | 4.875 | 0.326 |
23 | 4.000 | 0.326 | 4.125 | 0.326 | 4.250 | 0.326 | 4.375 | 0.326 | 4.500 | 0.326 | 4.625 | 0.326 | 4.750 | 0.326 | 4.875 | 0.326 |
24 | 4.000 | 0.326 | 4.125 | 0.326 | 4.250 | 0.326 | 4.375 | 0.326 | 4.500 | 0.326 | 4.625 | 0.326 | 4.750 | 0.326 | 4.875 | 0.326 |
25 | 4.000 | 0.350 | 4.125 | 0.350 | 4.250 | 0.350 | 4.375 | 0.350 | 4.500 | 0.350 | 4.625 | 0.350 | 4.750 | 0.350 | 4.875 | 0.350 |
26 | 4.000 | 0.350 | 4.125 | 0.350 | 4.250 | 0.350 | 4.375 | 0.350 | 4.500 | 0.350 | 4.625 | 0.350 | 4.750 | 0.350 | 4.875 | 0.350 |
27 | 4.000 | 0.350 | 4.125 | 0.350 | 4.250 | 0.350 | 4.375 | 0.350 | 4.500 | 0.350 | 4.625 | 0.350 | 4.750 | 0.350 | 4.875 | 0.350 |
28 | 4.000 | 0.350 | 4.125 | 0.350 | 4.250 | 0.350 | 4.375 | 0.350 | 4.500 | 0.350 | 4.625 | 0.350 | 4.750 | 0.350 | 4.875 | 0.350 |
29 | 4.000 | 0.350 | 4.125 | 0.350 | 4.250 | 0.350 | 4.375 | 0.350 | 4.500 | 0.350 | 4.625 | 0.350 | 4.750 | 0.350 | 4.875 | 0.350 |
30 | 4.000 | 0.373 | 4.125 | 0.373 | 4.250 | 0.373 | 4.375 | 0.373 | 4.500 | 0.373 | 4.625 | 0.373 | 4.750 | 0.373 | 4.875 | 0.373 |
31 | 4.000 | 0.373 | 4.125 | 0.373 | 4.250 | 0.373 | 4.375 | 0.373 | 4.500 | 0.373 | 4.625 | 0.373 | 4.750 | 0.373 | 4.875 | 0.373 |
32 | 4.000 | 0.373 | 4.125 | 0.373 | 4.250 | 0.373 | 4.375 | 0.373 | 4.500 | 0.373 | 4.625 | 0.373 | 4.750 | 0.373 | 4.875 | 0.373 |
33 | 4.000 | 0.373 | 4.125 | 0.373 | 4.250 | 0.373 | 4.375 | 0.373 | 4.500 | 0.373 | 4.625 | 0.373 | 4.750 | 0.373 | 4.875 | 0.373 |
34 | 4.000 | 0.373 | 4.125 | 0.373 | 4.250 | 0.373 | 4.375 | 0.373 | 4.500 | 0.373 | 4.625 | 0.373 | 4.750 | 0.373 | 4.875 | 0.373 |
35 | 4.000 | 0.396 | 4.125 | 0.396 | 4.250 | 0.396 | 4.375 | 0.396 | 4.500 | 0.396 | 4.625 | 0.396 | 4.750 | 0.396 | 4.875 | 0.396 |
36 | 4.000 | 0.396 | 4.125 | 0.396 | 4.250 | 0.396 | 4.375 | 0.396 | 4.500 | 0.396 | 4.625 | 0.396 | 4.750 | 0.396 | 4.875 | 0.396 |
37 | 4.000 | 0.396 | 4.125 | 0.396 | 4.250 | 0.396 | 4.375 | 0.396 | 4.500 | 0.396 | 4.625 | 0.396 | 4.750 | 0.396 | 4.875 | 0.396 |
38 | 4.000 | 0.396 | 4.125 | 0.396 | 4.250 | 0.396 | 4.375 | 0.396 | 4.500 | 0.396 | 4.625 | 0.396 | 4.750 | 0.396 | 4.875 | 0.396 |
39 | 4.000 | 0.396 | 4.125 | 0.396 | 4.250 | 0.396 | 4.375 | 0.396 | 4.500 | 0.396 | 4.625 | 0.396 | 4.750 | 0.396 | 4.875 | 0.396 |
40 | 4.000 | 0.420 | 4.125 | 0.420 | 4.250 | 0.420 | 4.375 | 0.420 | 4.500 | 0.420 | 4.625 | 0.420 | 4.750 | 0.420 | 4.875 | 0.420 |
41 | 4.000 | 0.420 | 4.125 | 0.420 | 4.250 | 0.420 | 4.375 | 0.420 | 4.500 | 0.420 | 4.625 | 0.420 | 4.750 | 0.420 | 4.875 | 0.420 |
42 | 4.000 | 0.420 | 4.125 | 0.420 | 4.250 | 0.420 | 4.375 | 0.420 | 4.500 | 0.420 | 4.625 | 0.420 | 4.750 | 0.420 | 4.875 | 0.420 |
43 | 4.000 | 0.420 | 4.125 | 0.420 | 4.250 | 0.420 | 4.375 | 0.420 | 4.500 | 0.420 | 4.625 | 0.420 | 4.750 | 0.420 | 4.875 | 0.420 |
44 | 4.000 | 0.420 | 4.125 | 0.420 | 4.250 | 0.420 | 4.375 | 0.420 | 4.500 | 0.420 | 4.625 | 0.420 | 4.750 | 0.420 | 4.875 | 0.420 |
45 | 4.000 | 0.443 | 4.125 | 0.443 | 4.250 | 0.443 | 4.375 | 0.443 | 4.500 | 0.443 | 4.625 | 0.443 | 4.750 | 0.443 | 4.875 | 0.443 |
46 | 4.000 | 0.443 | 4.125 | 0.443 | 4.250 | 0.443 | 4.375 | 0.443 | 4.500 | 0.443 | 4.625 | 0.443 | 4.750 | 0.443 | 4.875 | 0.443 |
47 | 4.000 | 0.443 | 4.125 | 0.443 | 4.250 | 0.443 | 4.375 | 0.443 | 4.500 | 0.443 | 4.625 | 0.443 | 4.750 | 0.443 | 4.875 | 0.443 |
48 | 4.000 | 0.443 | 4.125 | 0.443 | 4.250 | 0.443 | 4.375 | 0.443 | 4.500 | 0.443 | 4.625 | 0.443 | 4.750 | 0.443 | 4.875 | 0.443 |
49 | 4.000 | 0.443 | 4.125 | 0.443 | 4.250 | 0.443 | 4.375 | 0.443 | 4.500 | 0.443 | 4.625 | 0.443 | 4.750 | 0.443 | 4.875 | 0.443 |
50 | 4.000 | 0.460 | 4.125 | 0.460 | 4.250 | 0.460 | 4.375 | 0.460 | 4.500 | 0.460 | 4.625 | 0.460 | 4.750 | 0.460 | 4.875 | 0.460 |
51 | 4.000 | 0.460 | 4.125 | 0.460 | 4.250 | 0.460 | 4.375 | 0.460 | 4.500 | 0.460 | 4.625 | 0.460 | 4.750 | 0.460 | 4.875 | 0.460 |
52 | 4.000 | 0.460 | 4.125 | 0.460 | 4.250 | 0.460 | 4.375 | 0.460 | 4.500 | 0.460 | 4.625 | 0.460 | 4.750 | 0.460 | 4.875 | 0.460 |
53 | 4.000 | 0.460 | 4.125 | 0.460 | 4.250 | 0.460 | 4.375 | 0.460 | 4.500 | 0.460 | 4.625 | 0.460 | 4.750 | 0.460 | 4.875 | 0.460 |
54 | 4.000 | 0.460 | 4.125 | 0.460 | 4.250 | 0.460 | 4.375 | 0.460 | 4.500 | 0.460 | 4.625 | 0.460 | 4.750 | 0.460 | 4.875 | 0.460 |
55 | 4.000 | 0.484 | 4.125 | 0.484 | 4.250 | 0.484 | 4.375 | 0.484 | 4.500 | 0.484 | 4.625 | 0.484 | 4.750 | 0.484 | 4.875 | 0.484 |
56 | 4.000 | 0.489 | 4.125 | 0.489 | 4.250 | 0.489 | 4.375 | 0.489 | 4.500 | 0.489 | 4.625 | 0.489 | 4.750 | 0.489 | 4.875 | 0.489 |
57 | 4.000 | 0.495 | 4.125 | 0.495 | 4.250 | 0.495 | 4.375 | 0.495 | 4.500 | 0.495 | 4.625 | 0.495 | 4.750 | 0.495 | 4.875 | 0.495 |
58 | 4.000 | 0.500 | 4.125 | 0.500 | 4.250 | 0.500 | 4.375 | 0.500 | 4.500 | 0.500 | 4.625 | 0.500 | 4.750 | 0.500 | 4.875 | 0.500 |
59 | 4.000 | 0.506 | 4.125 | 0.506 | 4.250 | 0.506 | 4.375 | 0.506 | 4.500 | 0.506 | 4.625 | 0.506 | 4.750 | 0.506 | 4.875 | 0.506 |
60 | 4.000 | 0.511 | 4.125 | 0.511 | 4.250 | 0.511 | 4.375 | 0.511 | 4.500 | 0.511 | 4.625 | 0.511 | 4.750 | 0.511 | 4.875 | 0.511 |
61 | 4.000 | 0.517 | 4.125 | 0.517 | 4.250 | 0.517 | 4.375 | 0.517 | 4.500 | 0.517 | 4.625 | 0.517 | 4.750 | 0.517 | 4.875 | 0.517 |
62 | 4.000 | 0.524 | 4.125 | 0.524 | 4.250 | 0.524 | 4.375 | 0.524 | 4.500 | 0.524 | 4.625 | 0.524 | 4.750 | 0.524 | 4.875 | 0.524 |
63 | 4.000 | 0.530 | 4.125 | 0.530 | 4.250 | 0.530 | 4.375 | 0.530 | 4.500 | 0.530 | 4.625 | 0.530 | 4.750 | 0.530 | 4.875 | 0.530 |
64 | 4.000 | 0.536 | 4.125 | 0.536 | 4.250 | 0.536 | 4.375 | 0.536 | 4.500 | 0.536 | 4.625 | 0.536 | 4.750 | 0.536 | 4.875 | 0.536 |
65 | 4.000 | 0.542 | 4.125 | 0.542 | 4.250 | 0.542 | 4.375 | 0.542 | 4.500 | 0.542 | 4.625 | 0.542 | 4.750 | 0.542 | 4.875 | 0.542 |
66 | 4.000 | 0.549 | 4.125 | 0.549 | 4.250 | 0.549 | 4.375 | 0.549 | 4.500 | 0.549 | 4.625 | 0.549 | 4.750 | 0.549 | 4.875 | 0.549 |
67 | 4.000 | 0.556 | 4.125 | 0.556 | 4.250 | 0.556 | 4.375 | 0.556 | 4.500 | 0.556 | 4.625 | 0.556 | 4.750 | 0.556 | 4.875 | 0.556 |
68 | 4.000 | 0.562 | 4.125 | 0.562 | 4.250 | 0.562 | 4.375 | 0.562 | 4.500 | 0.562 | 4.625 | 0.562 | 4.750 | 0.562 | 4.875 | 0.562 |
69 | 4.000 | 0.569 | 4.125 | 0.569 | 4.250 | 0.569 | 4.375 | 0.569 | 4.500 | 0.569 | 4.625 | 0.569 | 4.750 | 0.569 | 4.875 | 0.569 |
70 | 4.000 | 0.576 | 4.125 | 0.576 | 4.250 | 0.576 | 4.375 | 0.576 | 4.500 | 0.576 | 4.625 | 0.576 | 4.750 | 0.576 | 4.875 | 0.576 |
71 | 4.000 | 0.583 | 4.125 | 0.583 | 4.250 | 0.583 | 4.375 | 0.583 | 4.500 | 0.583 | 4.625 | 0.583 | 4.750 | 0.583 | 4.875 | 0.583 |
72 | 4.000 | 0.591 | 4.125 | 0.591 | 4.250 | 0.591 | 4.375 | 0.591 | 4.500 | 0.591 | 4.625 | 0.591 | 4.750 | 0.591 | 4.875 | 0.591 |
73 | 4.000 | 0.599 | 4.125 | 0.599 | 4.250 | 0.599 | 4.375 | 0.599 | 4.500 | 0.599 | 4.625 | 0.599 | 4.750 | 0.599 | 4.875 | 0.599 |
74 | 4.000 | 0.606 | 4.125 | 0.606 | 4.250 | 0.606 | 4.375 | 0.606 | 4.500 | 0.606 | 4.625 | 0.606 | 4.750 | 0.606 | 4.875 | 0.606 |
75 | 4.000 | 0.614 | 4.125 | 0.614 | 4.250 | 0.614 | 4.375 | 0.614 | 4.500 | 0.614 | 4.625 | 0.614 | 4.750 | 0.614 | 4.875 | 0.614 |
76 | 4.000 | 0.622 | 4.125 | 0.622 | 4.250 | 0.622 | 4.375 | 0.622 | 4.500 | 0.622 | 4.625 | 0.622 | 4.750 | 0.622 | 4.875 | 0.622 |
77 | 4.000 | 0.631 | 4.125 | 0.631 | 4.250 | 0.631 | 4.375 | 0.631 | 4.500 | 0.631 | 4.625 | 0.631 | 4.750 | 0.631 | 4.875 | 0.631 |
78 | 4.000 | 0.640 | 4.125 | 0.640 | 4.250 | 0.640 | 4.375 | 0.640 | 4.500 | 0.640 | 4.625 | 0.640 | 4.750 | 0.640 | 4.875 | 0.640 |
79 | 4.000 | 0.648 | 4.125 | 0.648 | 4.250 | 0.648 | 4.375 | 0.648 | 4.500 | 0.648 | 4.625 | 0.648 | 4.750 | 0.648 | 4.875 | 0.648 |
80 | 4.000 | 0.657 | 4.125 | 0.657 | 4.250 | 0.657 | 4.375 | 0.657 | 4.500 | 0.657 | 4.625 | 0.657 | 4.750 | 0.657 | 4.875 | 0.657 |
81 | 4.000 | 0.665 | 4.125 | 0.665 | 4.250 | 0.665 | 4.375 | 0.665 | 4.500 | 0.665 | 4.625 | 0.665 | 4.750 | 0.665 | 4.875 | 0.665 |
82 | 4.000 | 0.674 | 4.125 | 0.674 | 4.250 | 0.674 | 4.375 | 0.674 | 4.500 | 0.674 | 4.625 | 0.674 | 4.750 | 0.674 | 4.875 | 0.674 |
83 | 4.000 | 0.682 | 4.125 | 0.682 | 4.250 | 0.682 | 4.375 | 0.682 | 4.500 | 0.682 | 4.625 | 0.682 | 4.750 | 0.682 | 4.875 | 0.682 |
84 | 4.000 | 0.690 | 4.125 | 0.690 | 4.250 | 0.690 | 4.375 | 0.690 | 4.500 | 0.690 | 4.625 | 0.690 | 4.750 | 0.690 | 4.875 | 0.690 |
85 | 4.000 | 0.699 | 4.125 | 0.699 | 4.250 | 0.699 | 4.375 | 0.699 | 4.500 | 0.699 | 4.625 | 0.699 | 4.750 | 0.699 | 4.875 | 0.699 |
86 | 4.000 | 0.709 | 4.125 | 0.709 | 4.250 | 0.709 | 4.375 | 0.709 | 4.500 | 0.709 | 4.625 | 0.709 | 4.750 | 0.709 | 4.875 | 0.709 |
87 | 4.000 | 0.719 | 4.125 | 0.719 | 4.250 | 0.719 | 4.375 | 0.719 | 4.500 | 0.719 | 4.625 | 0.719 | 4.750 | 0.719 | 4.875 | 0.719 |
88 | 4.000 | 0.729 | 4.125 | 0.729 | 4.250 | 0.729 | 4.375 | 0.729 | 4.500 | 0.729 | 4.625 | 0.729 | 4.750 | 0.729 | 4.875 | 0.729 |
89 | 4.000 | 0.739 | 4.125 | 0.739 | 4.250 | 0.739 | 4.375 | 0.739 | 4.500 | 0.739 | 4.625 | 0.739 | 4.750 | 0.739 | 4.875 | 0.739 |
90 | 4.000 | 0.750 | 4.125 | 0.750 | 4.250 | 0.750 | 4.375 | 0.750 | 4.500 | 0.750 | 4.625 | 0.750 | 4.750 | 0.750 | 4.875 | 0.750 |
91 | 4.000 | 0.750 | 4.125 | 0.750 | 4.250 | 0.750 | 4.375 | 0.750 | 4.500 | 0.750 | 4.625 | 0.750 | 4.750 | 0.750 | 4.875 | 0.750 |
92 | 4.000 | 0.750 | 4.125 | 0.750 | 4.250 | 0.750 | 4.375 | 0.750 | 4.500 | 0.750 | 4.625 | 0.750 | 4.750 | 0.750 | 4.875 | 0.750 |
93 | 4.000 | 0.750 | 4.125 | 0.750 | 4.250 | 0.750 | 4.375 | 0.750 | 4.500 | 0.750 | 4.625 | 0.750 | 4.750 | 0.750 | 4.875 | 0.750 |
94 | 4.000 | 0.750 | 4.125 | 0.750 | 4.250 | 0.750 | 4.375 | 0.750 | 4.500 | 0.750 | 4.625 | 0.750 | 4.750 | 0.750 | 4.875 | 0.750 |
95 | 4.000 | 0.750 | 4.125 | 0.750 | 4.250 | 0.750 | 4.375 | 0.750 | 4.500 | 0.750 | 4.625 | 0.750 | 4.750 | 0.750 | 4.875 | 0.750 |
96 | 4.000 | 0.750 | 4.125 | 0.750 | 4.250 | 0.750 | 4.375 | 0.750 | 4.500 | 0.750 | 4.625 | 0.750 | 4.750 | 0.750 | 4.875 | 0.750 |
97 | 4.000 | 0.750 | 4.125 | 0.750 | 4.250 | 0.750 | 4.375 | 0.750 | 4.500 | 0.750 | 4.625 | 0.750 | 4.750 | 0.750 | 4.875 | 0.750 |
98 | 4.000 | 0.750 | 4.125 | 0.750 | 4.250 | 0.750 | 4.375 | 0.750 | 4.500 | 0.750 | 4.625 | 0.750 | 4.750 | 0.750 | 4.875 | 0.750 |
99 | 4.000 | 0.750 | 4.125 | 0.750 | 4.250 | 0.750 | 4.375 | 0.750 | 4.500 | 0.750 | 4.625 | 0.750 | 4.750 | 0.750 | 4.875 | 0.750 |