In 2024, there were 8 active reverse mortgage loans in Macon County, Tennessee. The average home value in Macon County is $219,448.13.

Click here to get a reverse Mortgage Quote in Macon County, Tennessee

To avoid scams, make sure you are working with a licensed lender in Tennessee. South River Mortgage is a fully licensed lender in Tennessee. The TN state regulator requires mortgage lenders to be explicitly approved to make loans and hold a license. South River Mortgage proudly holds the Mortgage License in TN, and our state license identifier is 1854525.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Macon County

Located in the state of Tennessee, Macon County is a charming area known for its small-town charm and friendly community atmosphere. With a population of approximately 24,602 residents, the county offers a peaceful rural setting with stunning natural scenery and a moderate climate that attracts nature enthusiasts and outdoor lovers. Macon County has a rich history, with notable landmarks such as the historic Trousdale Place and the Douglass-Clark House showcasing its heritage and significance in the state. For seniors looking to tap into the equity of their homes in Macon County, exploring options like reverse mortgages can be beneficial. With an average home value of $219,448.125 and an average property tax of $817.25, seniors may find that a reverse mortgage can provide financial flexibility and stability during retirement. Additionally, with an average interest rate of 0.033424999999999996, seniors can leverage the equity in their homes to supplement their income and cover expenses in their golden years, making Macon County a desirable location for those considering a reverse mortgage.

Reverse Mortgage Loan Origination in Macon County

Reverse Mortgage Home Values in Macon County

Reverse Mortgage Interest Rates Macon County

There are approximately 8 active reverse mortgage loans in Macon County. The average interest rate in Macon County is 7.81% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Macon County was $365,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Macon County, Tennessee »

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 Macon County, TN

With the average home value of $365,000.00, 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 Macon 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 Macon County

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