In 2024, there were 25 active reverse mortgage loans in Cambria County, Pennsylvania. The average home value in Cambria County is $164,500.60.

Click here to get a reverse Mortgage Quote in Cambria County, Pennsylvania

To avoid scams, make sure you are working with a licensed lender in Pennsylvania. South River Mortgage is a fully licensed lender in Pennsylvania. The PA 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 PA, and our state license identifier is 94894.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Cambria County

Located in the state of Pennsylvania, Cambria County is home to a population known for its rich history and scenic beauty. With a diverse economy including agriculture, manufacturing, and healthcare, Cambria County offers a high quality of life to its residents. The county is also known for its strong sense of community and its historic sites, such as the Johnstown Flood National Memorial. For seniors looking to utilize their home equity, Cambria County presents opportunities for reverse mortgages. With the average home value at $164,500.6 and the average property tax at $2,421.3316, seniors can consider leveraging their home equity through a reverse mortgage to supplement their retirement income. With the average interest rate at 0.03802, seniors in Cambria County can explore this financial option to support their financial needs in their later years.

Reverse Mortgage Loan Origination in Cambria County

Reverse Mortgage Home Values in Cambria County

Reverse Mortgage Interest Rates Cambria County

There are approximately 25 active reverse mortgage loans in Cambria County. The average interest rate in Cambria County is 8.01% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Cambria County was $138,333.33 in 2024.

Click here to get a Reverse Mortgage Quote in Cambria County, Pennsylvania »

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 Cambria County, PA

With the average home value of $138,333.33, 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 Cambria 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 Cambria County

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