Senior home wealth just hit a record high. Here's how to borrow from it now.

Senior homeowners are sitting on a record amount of housing wealth, offering new opportunities for accessing funds as interest rates remain elevated and inflation persists.

Data released this week from the National Reverse Mortgage Lenders Association (NRMLA) revealed that housing wealth among homeowners aged 62 and older rose to a record $14.92 trillion in the first quarter of 2026. This surge follows two previous quarterly declines and was fueled by an estimated 1.8% increase in senior home values. While senior-held mortgage debt also saw a slight rise, the net growth in equity provides a significant financial cushion.

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After two quarterly declines, housing wealth among homeowners aged 62 and older rose in Q1 2026 to a record $14.92 trillion.

For seniors looking to tap into this accumulated equity, several borrowing options are available. A reverse mortgage is a popular choice, allowing homeowners aged 62 and older to borrow against their home equity without requiring monthly repayments. These loans are typically repaid when the homeowner dies or sells the property. This can provide a steady stream of income or a lump sum, offering financial flexibility without the immediate burden of repayment.

Alternatively, a home equity loan offers a fixed amount of money with an average interest rate around 7%, making it a relatively affordable borrowing option compared to personal loans or credit cards. Homeowners can also consider a home equity line of credit (HELOC), which functions like a credit card, allowing borrowers to draw funds as needed up to a certain limit. Both options allow seniors to leverage their home's value to meet financial needs, whether for healthcare, living expenses, or other significant costs.

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That increase was due to an "estimated $314.8 billion (1.8%) rise in senior home values, which was partially offset by a $10.5 billion (0.4%) increase in senior-held mortgage debt," the NRMLA noted.