In 2024, there were 8 active reverse mortgage loans in Eastland County, Texas. The average home value in Eastland County is $193,979.25.

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

Located in the state of Texas, Eastland County is known for its rich history, picturesque landscapes, and friendly community. With an average home value of $193,979.25 and an average property tax of $4,413.17, Eastland County offers affordable housing options for residents. The county has a population of approximately 18,583 and features a mild climate, making it a comfortable place to live year-round. In terms of historical significance, Eastland County was once a hotspot for cattle ranching and agriculture, playing a key role in the development of the region. For seniors looking to leverage their home equity, the average interest rate of 0.0417125 makes Eastland County an attractive location for exploring reverse mortgage options. Reverse mortgages can provide financial flexibility for older residents by allowing them to access their home equity without having to make monthly mortgage payments, making it easier to supplement retirement income or cover healthcare expenses.

Reverse Mortgage Loan Origination in Eastland County

Reverse Mortgage Home Values in Eastland County

Reverse Mortgage Interest Rates Eastland County

There are approximately 8 active reverse mortgage loans in Eastland County. The average interest rate in Eastland County is 7.49% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Eastland County was $215,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Eastland 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.

Jumbo Reverse Mortgage in Eastland County, TX

With the average home value of $215,000.00, 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 Eastland 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 Eastland 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 »