In 2024, there were 128 active reverse mortgage loans in Carson City, Nevada. The average home value in Carson City is $548,009.72.

Click here to get a reverse Mortgage Quote in Carson City, 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 Carson City

Carson City, located in the state of Nevada, is the capital city of Nevada and serves as the seat of Carson County. The population of Carson City is around 55,916 residents and enjoys a semi-arid climate with hot summers and cool winters. Carson City is known for its rich history, including its origins as a stopover for travelers during the Gold Rush era. The average home value in Carson City is $548,009.72, with an average property tax of $2,503.76 and an average interest rate of 0.044%. For seniors looking to tap into their home equity, Carson City offers opportunities for using reverse mortgages, a financial tool that can provide additional income during retirement by converting home equity into cash. This can be especially beneficial for seniors looking to supplement their retirement income or cover unexpected expenses.

Reverse Mortgage Loan Origination in Carson City

Reverse Mortgage Home Values in Carson City

Reverse Mortgage Interest Rates Carson City

There are approximately 128 active reverse mortgage loans in Carson City. The average interest rate in Carson City is 7.52% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Carson City was $534,473.68 in 2024.

Click here to get a Reverse Mortgage Quote in Carson City, 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 Carson City, NV

With the average home value of $534,473.68, 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 Carson City

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 Carson City

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 »