In 2024, there were 6 active reverse mortgage loans in Pershing County, Nevada. The average home value in Pershing County is $490,491.50.

Click here to get a reverse Mortgage Quote in Pershing County, Nevada

To avoid scams, make sure you are working with a licensed lender in Nevada. South River Mortgage is a fully licensed lender in Nevada. The NV state regulator requires mortgage lenders to be explicitly approved to make loans and hold a license. South River Mortgage proudly holds the Mortgage Company License in NV, and our state license identifier is NMC-119889.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Pershing County

Pershing County, located in Nevada, is a sparsely populated county known for its stunning desert landscapes and historic mining towns. With a population of roughly 6,753 residents, the county boasts a dry climate characterized by hot summers and cold winters. Pershing County is home to a rich history, with landmarks such as the historic mining town of Unionville, which gained fame during the Gold Rush era. Seniors in Pershing County may find reverse mortgages to be a helpful financial option, especially with the county’s average home value of $490,491.5 and property tax rate of $1,353.835. With an average interest rate of 0.06103333333, seniors can consider tapping into their home equity to supplement their retirement income. Reverse mortgages can provide financial flexibility for seniors looking to make home improvements, cover healthcare expenses, or simply enhance their quality of life in Pershing County.

Reverse Mortgage Loan Origination in Pershing County

Reverse Mortgage Home Values in Pershing County

Reverse Mortgage Interest Rates Pershing County

There are approximately 6 active reverse mortgage loans in Pershing County. The average interest rate in Pershing County is 7.65% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Pershing County was $275,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Pershing County, Nevada »

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 Pershing County, NV

With the average home value of $275,000.00, 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 Pershing 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 Pershing County

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