Reverse Mortgage Lenders in Queen Anne’s County, Maryland – 2025
In 2024, there were 95 active reverse mortgage loans in Queen Anne’s County, Maryland. The average home value in Queen Anne’s County is $478,426.02.
Click here to get a reverse Mortgage Quote in Queen Anne’s 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 Queen Anne’s County
Located in Maryland, Queen Anne’s County is home to a population of over 50,000 residents. Nestled on the state’s Eastern Shore, the county boasts a mild climate, with hot summers and cool winters, making it an ideal destination for those seeking a mix of seasonal diversity. Queen Anne’s County is known for its picturesque waterfront views, charming small towns, and rich historical heritage. With an average home value of $478,426.02 and an average property tax of $3,270.16, Queen Anne’s County offers a desirable real estate market for homeowners. For seniors looking to leverage their home equity in retirement, the county’s average interest rate of 0.04005578947 could make a reverse mortgage a compelling financial option. As a historical area with a strong sense of community, Queen Anne’s County provides a welcoming and supportive environment for seniors looking to age in place while accessing the benefits of a reverse mortgage.
Reverse Mortgage Loan Origination in Queen Anne’s County
Reverse Mortgage Home Values in Queen Anne’s County
Reverse Mortgage Interest Rates Queen Anne’s County
There are approximately 95 active reverse mortgage loans in Queen Anne’s County. The average interest rate in Queen Anne’s County is 7.2% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Queen Anne’s County was $615,000.00 in 2024.
Click here to get a Reverse Mortgage Quote in Queen Anne’s 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.
Queen Anne’s County, MD Facts – As of 2025 | |
Average property value (estimated) | $615,000.00 |
Average property taxes | $3,270.16 |
Average reverse mortgage interest rate | 7.2% |
Area median income | $121,700.00 |
Data Source: FFIEC HMDA Data
Jumbo Reverse Mortgage in Queen Anne’s County, MD
With the average home value of $615,000.00, you may be wondering about the opportunities for jumbo loans.
HomeForLife | HECM | |
Traditional Reverse Mortgage | Yes | Yes |
Refinance Existing Reverse Mortgage with Another (HECM to HECM) |
Yes | Yes |
Purchase a Home with a Reverse Mortgage (HECM for Purchase) |
Yes | Yes |
Minimum Age for Eligibility in MD | 55 | 62 |
Get Your Quote → | Get Your Quote → |
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 Queen Anne’s 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 Queen Anne’s 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 »