In 2024, there were 2 active reverse mortgage loans in Presidio County, Texas. The average home value in Presidio County is $531,162.00.

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

Presidio County, located in the state of Texas, is known for its stunning desert landscapes and rugged beauty. With a population of approximately 6,948 residents, the county experiences a dry desert climate characterized by hot summers and mild winters. Presidio County holds historical significance as it is home to the historic Fort Leaton State Historic Site, a former trading post that dates back to the mid-19th century. The average home value in Presidio County is $531,162.0 with an average property tax of $2,626.195 and an average interest rate of 0.0737. For seniors looking to tap into their home equity, a reverse mortgage could be a viable option in Presidio County. This financial tool allows homeowners aged 62 and older to convert a portion of their home equity into cash while still retaining ownership of their property.

Reverse Mortgage Loan Origination in Presidio County

Reverse Mortgage Home Values in Presidio County

Reverse Mortgage Interest Rates Presidio County

There are approximately 2 active reverse mortgage loans in Presidio County. The average interest rate in Presidio County is 7.31% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Presidio County was $375,000.00 in 2024.

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

With the average home value of $375,000.00, 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 Presidio 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 Presidio 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 »