In 2024, there were 6 active reverse mortgage loans in Gonzales County, Texas. The average home value in Gonzales County is $202,575.33.

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

Gonzales County is located in the state of Texas and boasts a rich historical heritage as the site of the first battle of the Texas Revolution. The county is known for its small-town charm, beautiful countryside, and friendly communities. With a population of approximately 20,000 residents, the area enjoys a moderate climate with warm summers and mild winters, making it an attractive place to call home for many. Home values in Gonzales County average around $202,575.33, with property taxes averaging $3,464.51 annually and an average interest rate of 0.0525. For seniors looking to unlock the equity in their homes, a reverse mortgage may be a viable option in Gonzales County. This financial tool allows homeowners aged 62 and older to convert part of their home’s equity into cash, providing a source of income for retirement or other expenses while allowing them to continue living in their home. Senior residents of Gonzales County may find reverse mortgages to be a valuable financial resource in their retirement years.

Reverse Mortgage Loan Origination in Gonzales County

Reverse Mortgage Home Values in Gonzales County

Reverse Mortgage Interest Rates Gonzales County

There are approximately 6 active reverse mortgage loans in Gonzales County. The average interest rate in Gonzales County is 8.0% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Gonzales County was $485,000.00 in 2024.

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

With the average home value of $485,000.00, 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 Gonzales 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 Gonzales 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 »