In 2024, there were 15 active reverse mortgage loans in Cibola County, New Mexico. The average home value in Cibola County is $164,881.33.

Click here to get a reverse Mortgage Quote in Cibola County, New Mexico

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

Reverse Mortgage Loans in Cibola County

Cibola County is located in the state of New Mexico, known for its diverse landscape and rich cultural heritage. Though the specific population data is not provided, Cibola County is recognized for its scenic beauty, including the Cibola National Forest and the El Malpais National Monument. The area is also home to a number of Native American tribes, contributing to its unique and vibrant culture. Historically, Cibola County was part of the ancient Anasazi civilization, with evidence of their presence found in the area. Today, the county offers a blend of outdoor recreation opportunities, such as hiking, fishing, and camping, making it an appealing destination for nature enthusiasts. For seniors interested in leveraging their home equity, Cibola County’s average home value of $164,881.33, combined with an average property tax of $1,112.98 and an average interest rate of 0.0441, may make it a suitable location to consider reverse mortgages as a financial option. Reverse mortgages can provide seniors with additional income in retirement by allowing them to tap into the equity of their homes while retaining ownership.

Reverse Mortgage Loan Origination in Cibola County

Reverse Mortgage Home Values in Cibola County

Reverse Mortgage Interest Rates Cibola County

There are approximately 15 active reverse mortgage loans in Cibola County. The average interest rate in Cibola County is 7.44% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Cibola County was $455,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Cibola County, New Mexico »

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 Cibola County, NM

With the average home value of $455,000.00, 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 Cibola 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 Cibola County

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