In 2024, there were 232 active reverse mortgage loans in Frederick County, Maryland. The average home value in Frederick County is $499,843.77.

Click here to get a reverse Mortgage Quote in Frederick 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 Frederick County

Located in the state of Maryland, Frederick County is a vibrant area known for its picturesque landscapes and rich history. With a population of approximately 259,547 residents, the county boasts a diverse community and a moderate climate with all four seasons. Frederick County is renowned for its charming small towns, historic sites, and outdoor recreational opportunities, making it an attractive place to live for people of all ages. One interesting historical note about Frederick County is its significance during the Civil War, with prominent battles taking place in the area. For seniors looking to unlock the equity in their homes, Frederick County offers opportunities for reverse mortgages. With an average home value of $499,843.77, an average property tax of $4,536.45, and an average interest rate of 4.01%, seniors can leverage the equity in their homes through reverse mortgages to supplement their retirement income and maintain financial stability.

Reverse Mortgage Loan Origination in Frederick County

Reverse Mortgage Home Values in Frederick County

Reverse Mortgage Interest Rates Frederick County

There are approximately 232 active reverse mortgage loans in Frederick County. The average interest rate in Frederick County is 7.55% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Frederick County was $459,444.44 in 2024.

Click here to get a Reverse Mortgage Quote in Frederick 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 Frederick County, MD

With the average home value of $459,444.44, 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 Frederick 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 Frederick 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 »