In 2024, there were 129 active reverse mortgage loans in Calvert County, Maryland. The average home value in Calvert County is $461,121.60.

Click here to get a reverse Mortgage Quote in Calvert County, Maryland

To avoid scams, make sure you are working with a licensed lender in Maryland. South River Mortgage is a fully licensed lender in Maryland. The MD state regulator requires mortgage lenders to be explicitly approved to make loans and hold a license. South River Mortgage proudly holds the Mortgage Lender License in MD, and our state license identifier is 1854525.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Calvert County

Calvert County, located in Maryland, is a charming area known for its picturesque coastal landscapes and rich history. The county boasts a population of approximately 94,000 residents and enjoys a moderate climate with warm summers and mild winters. Calvert County is renowned for its waterfront communities, outdoor recreational activities, and historic sites like the Jefferson Patterson Park and Museum. With an average home value of $461,121.60, property owners in Calvert County can benefit from the relatively low average property tax rate of $3,748.92 and an average interest rate of 4.02%. For seniors in the area looking to leverage their home equity, exploring reverse mortgages can be a viable option to access additional funds for retirement or unexpected expenses. Reverse mortgages allow homeowners aged 62 and older to convert a portion of their home’s equity into cash while still retaining ownership of the property. The unique financial tool can provide seniors with flexibility and financial security in their later years.

Reverse Mortgage Loan Origination in Calvert County

Reverse Mortgage Home Values in Calvert County

Reverse Mortgage Interest Rates Calvert County

There are approximately 129 active reverse mortgage loans in Calvert County. The average interest rate in Calvert County is 7.87% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Calvert County was $445,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Calvert County, Maryland »

Note that our loan origination data will not exactly match FHA’s HECM portfolio snapshot. This discrepancy occurs because FHA’s reports are limited to loans endorsed by FHA (i.e. HECMs only). We use a series of custom data criteria that make it possible to identify all reverse mortgages: HECMs, proprietary, and even single-purpose reverse mortgages.

Jumbo Reverse Mortgage in Calvert County, MD

With the average home value of $445,000.00, you may be wondering about the opportunities for jumbo loans.

The FHA has increased the HECM lending limit to $1,209,750 for 2025. If your property is valued above the HECM lending limit, you may be eligible for additional proceeds through the HomeForLife jumbo reverse mortgage.

Reverse Mortgage Refinance (HECM to HECM) in Calvert County

It might make sense to refinance your reverse mortgage. There are many situations where refinancing could be very beneficial to you:

• You want to get more cash out because your home value has increased substantially
• You want to pay less in interest by obtaining a lower interest rate
• You want to add a loved one to the reverse mortgage

As a bonus, South River Mortgage can sometimes provide multiple benefits at once, depending on the situation. There have been cases where we can help secure a lower interest rate and additional cash. In some cases, we have been able to do all three benefits: lower rate, more cash, and adding a son or daughter onto the mortgage.

South River Mortgage can help you refinance your reverse mortgage. Get a quote today »

Reverse for Purchase (HECM for Purchase) in Calvert County

You can now purchase a home with a reverse mortgage in {county}, MD. The reverse for purchase lets homebuyers purchase the home and get a reverse mortgage in a single transaction. The requirements for a reverse for purchase are very similar to the traditional reverse mortgage program.

Purchasing a home with a reverse mortgage has many benefits:

• No monthly mortgage payment (although you’d still be responsible for property taxes and homeowner’s insurance)
• The home being purchased would meet HUD’s property requirements or minimum property standards (this helps keep the home safe for occupants)

Learn what your down payment would be using our Reverse for Purchase calculator. Or, get pre-approved today »