How much reverse mortgage can I get at 55, 65 or 75?

Short answer: How much reverse mortgage you can get depends mainly on your age (and the age of anyone else on title), your home's value, type and condition, and the lender — and you may usually borrow up to 55% of the home's current value ^[1][2]. In our experience, older youngest borrowers can access a larger share than younger ones (FCAC says the maximum depends on your age and the age of anyone else on title) ^[1], and any existing mortgage or HELOC plus fees comes off the top, so the net amount you receive is smaller than the headline figure.

This guide is about amount: what changes between 55, 65 and 75, and what reduces the cheque you actually receive. It is not an eligibility checklist — for age, title and property rules, see reverse mortgage requirements in Canada — and it is not a look at how the balance grows over 10 or 20 years; that is covered in what a reverse mortgage costs. For the product overview, start at our reverse mortgage page.

What sets the maximum

FCAC says you may usually borrow up to 55% of the current value of your home, and that the maximum depends on your age and the age of other people registered on title, your home's condition, type and appraised value, and your lender ^[1]. Interest is added to the balance rather than paid each month, so the amount you owe grows over time ^[1].

No government source publishes a card that says "at 55 you get X percent, at 65 you get Y." Lender charts exist, but they change and they are not something we reproduce here. The pattern, though, is consistent with how these products are built: the older the youngest borrower, the larger the share of value a lender may advance, up to that "typically up to 55%" ceiling ^[1].

How age changes the range (not a lender quote)

No government source publishes percentages at 55, 65 or 75. FCAC's published ceiling is usually up to 55% of current value ^[1][2]. What we can say from how these products are built — and from our experience arranging them — is only the shape of the decision:

Pattern only, as of November 9, 2026. We are not quoting any lender's age card. A real illustration on your home can come in lower — or, later in life, closer to the typical 55% ceiling.

That age spread is why two similar houses can support very different amounts for different households. The useful number is always a net advance on your home, not a percentage copied from a chart.

Want an amount based on your age and your home, not a table? A licensed 8Twelve agent can walk through illustrations with you across the reverse-mortgage options we arrange, OAC. See reverse mortgages

What reduces the net amount you receive

The principal limit is not the same as the money that lands in your account.

• An existing mortgage or HELOC. You usually need to pay these off as part of setting up a reverse mortgage; the lender may let you use the reverse mortgage itself to do that ^[1]. FCAC's comparison table describes the reverse-mortgage credit limit as 55% of appraised value minus the mortgage balance ^[2].
• Fees. Appraisal, set-up, legal and closing costs can be paid up front or added to the balance ^[1]. Adding them leaves you with more cash today and a higher amount owing.
• How you take the money. A full lump sum starts interest on the entire amount right away. Taking part now and the rest later can change fees and, with some products, the rate on the whole loan ^[1]. FCAC notes that some lenders require a minimum first advance — it mentions figures around $20,000 to $25,000 depending on how you take the funds ^[1].

Example (illustrative): on a $700,000 home, FCAC's typical ceiling is about $385,000 ^[1][2]. If a lender advanced $300,000 on that home at a later age, and you still owed $80,000 on a mortgage, with assumed fees of a few thousand dollars added to the loan, the net cash would be roughly $215,000–$220,000. The same home with a smaller mid-fifties advance might not cover that $80,000 mortgage and still leave a meaningful surplus. These dollar figures are a worked example of the payout math, not a quote from any lender.

The youngest person on title

FCAC is clear that the maximum depends on your age and the age of anyone else registered on title ^[1]. In our experience arranging these files, lenders size the loan using the youngest borrower on title. If you are 75 and your spouse is 58, the advance behaves much more like a late-fifties file than a mid-seventies one — which matches FCAC's point that every age on title matters ^[1].

That is also why adding or removing someone from title before you apply is a legal and family decision, not a paperwork trick. Independent legal advice is recommended, and in some provinces and territories the lender may require it ^[1]. For the basic age-and-title rules, use the requirements guide rather than this page.

Location, property type and condition

FCAC lists the home's condition, type and appraised value alongside age as the drivers of the maximum ^[1]. A lender needs a home it can value with confidence: generally your primary residence (typically you live there at least six months a year) ^[1].

We will not invent city-by-city percentages. What we can say is that a property that is harder to appraise or harder to sell — an unusual rural holding, a home in poor repair, or some condominiums — can support a smaller advance than a typical detached house in a liquid market, even at the same age. If you own a condo, see reverse mortgage on a condo. For how a reverse mortgage compares with a HELOC when you still have income to support payments, see reverse mortgage vs HELOC.

Putting an illustration next to your own home

1. Start with today's value and a current mortgage or HELOC statement, not a guess from a few years ago.
2. Note the age of everyone on title. The younger name is the one that usually sets the range.
3. Subtract what must be paid out (existing secured debt and fees) to get a net figure, which is the number that matters for budgeting.
4. Decide how you want the money — lump sum, a partial advance, or scheduled payments — because that changes the interest you will accrue ^[1].
5. Look at the long-term cost separately. The balance-growth picture belongs in what a reverse mortgage costs, not in this amount guide.

How much reverse mortgage you can get at 55, 65 or 75 is a range that, in our experience, widens as the youngest borrower gets older, typically up to about 55% of value, and then shrinks again once an existing mortgage and fees are paid out ^[1][2]. The useful number is the net advance on your home, not a percentage copied from a chart. Next step: see our reverse mortgage page or call a licensed agent to walk through an illustration.

This article is for general information only and isn't financial, legal or tax advice. Rates, products and terms change without notice and are available on approved credit (OAC). The rate and terms you qualify for depend on your individual financial situation, including credit, income, property and loan-to-value. "Best rates" means the most suitable options available for your situation, not a guarantee of the lowest rate. Age patterns and dollar figures are illustrations only, as of November 9, 2026, and are not a quote from any lender or an offer. FCAC publishes a typical ceiling of up to 55%; it does not publish percentages at 55, 65 or 75. 8Twelve Mortgage arranges mortgages through 65+ lenders and does not lend or fund mortgages directly. Licensed across Canada — see our licences.

Reverse mortgage interest accrues and reduces your home equity over time. We recommend involving family and obtaining independent legal advice. 8Twelve does not fund second or private mortgages; we arrange them with third-party lenders, and any lender or brokerage fees are disclosed in writing before you commit.