In 2024, there were 312 active reverse mortgage loans in Harford County, Maryland. The average home value in Harford County is $411,788.62.

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

Harford County, Maryland, located in the northeastern part of the state, is home to a diverse population and a rich history. With a population of approximately 250,132 residents, the county offers a mix of suburban and rural living, making it an attractive destination for families and retirees alike. Known for its picturesque landscapes, historic sites, and vibrant communities, Harford County provides a high quality of life for its residents. The average home value in Harford County is $411,788.62, with an average property tax of $2,798.34 and an average interest rate of 3.99%. Seniors in Harford County may find reverse mortgages to be a valuable financial tool, allowing them to access the equity in their homes to supplement their income in retirement. With the county’s desirable real estate market and favorable interest rates, seniors can explore the option of a reverse mortgage to enhance their financial well-being while enjoying the beauty and amenities that Harford County has to offer.

Reverse Mortgage Loan Origination in Harford County

Reverse Mortgage Home Values in Harford County

Reverse Mortgage Interest Rates Harford County

There are approximately 312 active reverse mortgage loans in Harford County. The average interest rate in Harford County is 7.67% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Harford County was $310,333.33 in 2024.

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

With the average home value of $310,333.33, 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 Harford 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 Harford 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 »