In 2024, there were 5 active reverse mortgage loans in Ashland County, Ohio. The average home value in Ashland County is $378,152.20.

Click here to get a reverse Mortgage Quote in Ashland County, Ohio

To avoid scams, make sure you are working with a licensed lender in Ohio. South River Mortgage is a fully licensed lender in Ohio. The OH state regulator requires mortgage lenders to be explicitly approved to make loans and hold a license. South River Mortgage proudly holds the Residential Mortgage Lending Act Certificate of Registration in OH, and our state license identifier is RM.804642.001.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Ashland County

Ashland County, located in the state of Ohio, is home to a population of approximately 55,000 residents. Known for its picturesque landscapes and friendly community atmosphere, Ashland County offers a blend of rural charm and modern amenities. The area is renowned for its outdoor recreational opportunities, including hiking trails, parks, and lakes, making it an ideal destination for nature enthusiasts. With an average home value of $378,152.2 and an average property tax of $3,447.64, Ashland County’s real estate market provides a solid investment opportunity for homeowners. For seniors looking to leverage their home equity, considering a reverse mortgage could be a viable financial option. With an average interest rate of 0.05596, seniors in Ashland County can explore the benefits of a reverse mortgage to access funds for retirement expenses or home improvements. In addition, the county’s rich history and cultural sites offer a vibrant backdrop for seniors looking to age in a community steeped in tradition and heritage.

Reverse Mortgage Loan Origination in Ashland County

Reverse Mortgage Home Values in Ashland County

Reverse Mortgage Interest Rates Ashland County

There are approximately 5 active reverse mortgage loans in Ashland County. The average interest rate in Ashland County is 7.58% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Ashland County was $535,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Ashland County, Ohio »

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 Ashland County, OH

With the average home value of $535,000.00, 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 Ashland 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 Ashland County

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