In 2024, there were 171 active reverse mortgage loans in Hidalgo County, Texas. The average home value in Hidalgo County is $262,687.32.

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

Hidalgo County, located in southern Texas, is home to a diverse population and a vibrant cultural scene. With a population of over 850,000 residents, the county experiences a warm climate that attracts many snowbirds and retirees looking to escape the cold northern winters. Hidalgo County is known for its rich Hispanic heritage, delicious Tex-Mex cuisine, and stunning natural landscapes, including the iconic Rio Grande River. One interesting historical note about Hidalgo County is that it played a significant role in the Texas Revolution and the Mexican-American War, with battles and skirmishes taking place in the area. For seniors looking to tap into their home equity, Hidalgo County’s average home value of $262,687.32, paired with an average property tax rate of $2,068.80 and an average interest rate of 4.25%, makes it an attractive location for utilizing reverse mortgages to supplement retirement income. Reverse mortgages can provide financial flexibility and security for seniors looking to age in place in Hidalgo County.

Reverse Mortgage Loan Origination in Hidalgo County

Reverse Mortgage Home Values in Hidalgo County

Reverse Mortgage Interest Rates Hidalgo County

There are approximately 171 active reverse mortgage loans in Hidalgo County. The average interest rate in Hidalgo County is 7.7% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Hidalgo County was $233,095.24 in 2024.

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

With the average home value of $233,095.24, 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 Hidalgo 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 Hidalgo 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 »