In 2024, there were 46 active reverse mortgage loans in Lee County, North Carolina. The average home value in Lee County is $354,969.17.

Click here to get a reverse Mortgage Quote in Lee County, North Carolina

To avoid scams, make sure you are working with a licensed lender in North Carolina. South River Mortgage is a fully licensed lender in North Carolina. The NC 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 NC, and our state license identifier is L-222260.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Lee County

Located in North Carolina, Lee County is a vibrant area known for its rich history and welcoming community. With a population of around 61,000 residents, the county offers a pleasant climate with warm summers and mild winters, making it an attractive place to live for many. Lee County is recognized for its historical significance, being home to various landmarks and sites that date back to the colonial era. The average home value in Lee County is $354,969.1739, with an average property tax of $2,248.1495 and an average interest rate of 0.04311304348. For seniors looking to access the equity in their homes, a reverse mortgage could be a viable option in Lee County, allowing them to supplement their income while remaining in their beloved community.

Reverse Mortgage Loan Origination in Lee County

Reverse Mortgage Home Values in Lee County

Reverse Mortgage Interest Rates Lee County

There are approximately 46 active reverse mortgage loans in Lee County. The average interest rate in Lee County is 7.72% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Lee County was $381,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Lee County, North Carolina »

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 Lee County, NC

With the average home value of $381,000.00, 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 Lee 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 Lee County

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