In 2024, there were 212 active reverse mortgage loans in Cowlitz County, Washington. The average home value in Cowlitz County is $456,689.08.

Click here to get a reverse Mortgage Quote in Cowlitz County, Washington

To avoid scams, make sure you are working with a licensed lender in Washington. South River Mortgage is a fully licensed lender in Washington. The WA state regulator requires mortgage lenders to be explicitly approved to make loans and hold a license. South River Mortgage proudly holds the Consumer Loan Company License in WA, and our state license identifier is CL-1854525.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Cowlitz County

Cowlitz County, located in the state of Washington, has a population of approximately 110,593 residents. Known for its picturesque landscapes and proximity to the Cascade Mountains, Cowlitz County offers residents a mix of urban conveniences and outdoor recreational opportunities. The area is historically significant for its role in the timber industry, with logging playing a major part in its economy over the years. The average home value in Cowlitz County is $456,689.08, with an average property tax of $2,336.58 and an average interest rate of 4.25%. For seniors looking to tap into their home equity, reverse mortgages can be a viable option. Reverse mortgages allow homeowners aged 62 and older to convert part of their home equity into cash without having to sell their property or make monthly mortgage payments. This financial tool can provide a source of additional income for retirees or help with unexpected expenses in later years.

Reverse Mortgage Loan Origination in Cowlitz County

Reverse Mortgage Home Values in Cowlitz County

Reverse Mortgage Interest Rates Cowlitz County

There are approximately 212 active reverse mortgage loans in Cowlitz County. The average interest rate in Cowlitz County is 7.37% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Cowlitz County was $404,285.71 in 2024.

Click here to get a Reverse Mortgage Quote in Cowlitz County, Washington »

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 Cowlitz County, WA

With the average home value of $404,285.71, 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 Cowlitz 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 Cowlitz County

You can now purchase a home with a reverse mortgage in {county}, WA. 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 »