In 2024, there were 209 active reverse mortgage loans in Dauphin County, Pennsylvania. The average home value in Dauphin County is $290,770.32.

Click here to get a reverse Mortgage Quote in Dauphin 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 Dauphin County

Dauphin County, located in Pennsylvania, is home to a population of approximately 280,813 residents. Known for its rich history and scenic landscapes, the county offers a diverse range of attractions, including the historic State Capitol building in Harrisburg and the outdoor recreational opportunities along the Susquehanna River. Dauphin County was established in 1785 and has played a significant role in the state’s development, making it a destination for history enthusiasts. The average home value in Dauphin County is $290,770.32, with an average property tax of $3,556.91 and an average interest rate of 4.08%. For seniors looking to tap into their home equity, Dauphin County’s property values and low interest rates make it an attractive location for considering a reverse mortgage. Reverse mortgages can provide financial flexibility for seniors by allowing them to access their home equity without having to make monthly mortgage payments, making it a valuable option for those looking to supplement their retirement income.

Reverse Mortgage Loan Origination in Dauphin County

Reverse Mortgage Home Values in Dauphin County

Reverse Mortgage Interest Rates Dauphin County

There are approximately 209 active reverse mortgage loans in Dauphin County. The average interest rate in Dauphin County is 7.33% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Dauphin County was $305,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Dauphin 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 Dauphin County, PA

With the average home value of $305,000.00, 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 Dauphin 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 Dauphin 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 »