Reverse Mortgage Lenders in Anderson County, Texas – 2025

Reverse Mortgage Lenders in Anderson County, Texas – 2025

In 2024, there were 25 active reverse mortgage loans in Anderson County, Texas. The average home value in Anderson County is $290,916.96.

Click here to get a reverse Mortgage Quote in Anderson County, Texas

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

Reverse Mortgage Loans in Anderson County

Anderson County is located in the state of Texas and has a population of approximately 58,458 residents. Known for its rich history and scenic landscapes, Anderson County offers a blend of rural charm and small-town warmth. The county is home to the historic town of Palestine, which boasts well-preserved architecture from the 19th century and a vibrant arts and culture scene. With an average home value of $290,916.96 and property tax rate of $1,883.83, Anderson County provides a desirable setting for homeowners. For seniors in the area, considering options like reverse mortgages could be beneficial to unlock the equity in their homes and supplement their retirement income. With an average interest rate of 0.04966, exploring this financial tool could offer flexibility and support for seniors looking to maintain financial stability in their later years.

Reverse Mortgage Loan Origination in Anderson County

Reverse Mortgage Home Values in Anderson County

Reverse Mortgage Interest Rates Anderson County

There are approximately 25 active reverse mortgage loans in Anderson County. The average interest rate in Anderson County is 7.77% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Anderson County was $171,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Anderson County, Texas »

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.

Anderson County, TX Facts – As of 2025
Average property value (estimated) $171,000.00
Average property taxes $1,883.83
Average reverse mortgage interest rate 7.77%
Area median income $73,200.00

Data Source: FFIEC HMDA Data

Jumbo Reverse Mortgage in Anderson County, TX

With the average home value of $171,000.00, you may be wondering about the opportunities for jumbo loans.

 

HomeForLife HECM
Traditional Reverse Mortgage Yes Yes
Refinance Existing Reverse Mortgage with Another
(HECM to HECM)
Yes Yes
Purchase a Home with a Reverse Mortgage
(HECM for Purchase)
Yes Yes
Minimum Age for Eligibility in TX 55 62
Get Your Quote → Get Your Quote →

 

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 Anderson 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 Anderson County

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