In 2024, there were 6 active reverse mortgage loans in Falls County, Texas. The average home value in Falls County is $122,212.00.

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

Falls County is located in the state of Texas and is home to a population of approximately 17,000 residents. Known for its rich history and picturesque landscapes, Falls County offers a blend of small-town charm and natural beauty. The county is renowned for its agricultural heritage, with cotton, corn, and cattle farming being major industries in the area. Historically, Falls County has played a significant role in Texas history, being the site of influential events during the Civil War and Reconstruction era. Today, the county is dotted with historic sites and landmarks that pay homage to its past. The average home value in Falls County is $122,212.00, with property taxes averaging $3,526.33 and an interest rate of 0.0333. For seniors looking to leverage their home equity, reverse mortgages can provide a source of additional income to support their retirement years, offering financial flexibility and peace of mind.

Reverse Mortgage Loan Origination in Falls County

Reverse Mortgage Home Values in Falls County

Reverse Mortgage Interest Rates Falls County

There are approximately 6 active reverse mortgage loans in Falls County. The average interest rate in Falls County is 7.71% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Falls County was $195,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Falls 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 Falls County, TX

With the average home value of $195,000.00, 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 Falls 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 Falls 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 »