In 2024, there were 11 active reverse mortgage loans in Wright County, Minnesota. The average home value in Wright County is $396,598.18.

Click here to get a reverse Mortgage Quote in Wright County, Minnesota

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

Reverse Mortgage Loans in Wright County

Wright County, located in the state of Minnesota, is home to a diverse population of residents. Known for its scenic landscapes and recreational opportunities, the county offers a mix of urban and rural living. With an average home value of $396,598.18 and an average property tax of $4,089.80, Wright County provides a desirable setting for homeowners looking to settle down in a welcoming community. The county also boasts an average interest rate of 0.0313, making it an attractive option for those seeking to invest in property. In addition to its natural beauty, Wright County holds historical significance as one of the first counties established in Minnesota. For seniors looking to leverage their home equity, the county offers opportunities for reverse mortgages, providing a means to supplement retirement income or meet unexpected expenses. With a strong housing market and favorable interest rates, homeowners in Wright County have the option to explore reverse mortgage options as they plan for their future.

Reverse Mortgage Loan Origination in Wright County

Reverse Mortgage Home Values in Wright County

Reverse Mortgage Interest Rates Wright County

There are approximately 11 active reverse mortgage loans in Wright County. The average interest rate in Wright County is 7.59% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Wright County was $355,625.00 in 2024.

Click here to get a Reverse Mortgage Quote in Wright County, Minnesota »

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 Wright County, MN

With the average home value of $355,625.00, 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 Wright 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 Wright County

You can now purchase a home with a reverse mortgage in {county}, MN. 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 »