In 2024, there were 14 active reverse mortgage loans in Greene County, Pennsylvania. The average home value in Greene County is $235,839.57.

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

Greene County, located in the state of Pennsylvania, is home to a population of approximately 36,051 residents. Known for its picturesque landscapes and rural charm, Greene County boasts a tranquil environment for those seeking a peaceful escape from city life. The county has a rich history, with ties to the coal mining industry and the Whiskey Rebellion, offering a glimpse into its past as an industrial hub. With an average home value of $235,839.57 and an average property tax of $3,059.85, Greene County presents a diverse range of housing options for potential homeowners. For seniors looking to tap into their home equity, considering a reverse mortgage could provide financial flexibility in retirement. With an average interest rate of 0.04586, seniors in Greene County may find that a reverse mortgage offers a viable solution to supplement their income and enjoy the benefits of homeownership in their golden years.

Reverse Mortgage Loan Origination in Greene County

Reverse Mortgage Home Values in Greene County

Reverse Mortgage Interest Rates Greene County

There are approximately 14 active reverse mortgage loans in Greene County. The average interest rate in Greene County is 7.46% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Greene County was $245,000.00 in 2024.

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

With the average home value of $245,000.00, 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 Greene 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 Greene 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 »