In 2024, there were 372 active reverse mortgage loans in Shasta County, California. The average home value in Shasta County is $388,009.95.

Click here to get a reverse Mortgage Quote in Shasta County, California

To avoid scams, make sure you are working with a licensed lender in California. South River Mortgage is a fully licensed lender in California. The CA state regulator requires mortgage lenders to be explicitly approved to make loans and hold a license. South River Mortgage proudly holds the California Financing Law License in CA, and our state license identifier is 60DBO-103862.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Shasta County

Shasta County, located in the state of California, is a picturesque area known for its natural beauty and outdoor recreational opportunities. With a population of over 180,000 residents, the county boasts a diverse landscape ranging from majestic mountains to serene lakes and rivers. Shasta County has a Mediterranean climate characterized by hot, dry summers and mild, wet winters, making it an ideal destination for outdoor enthusiasts and nature lovers. Historically, Shasta County was once a major center of the California Gold Rush in the mid-19th century, attracting fortune seekers from far and wide. Today, the county is known for its rich cultural heritage, including Native American history and pioneer settlements. The average home value in Shasta County is $388,009.95, with an average property tax of $2,689.60 and an average interest rate of 4.12%. For seniors in Shasta County looking to unlock the equity in their homes, a reverse mortgage can be a valuable financial tool, allowing them to supplement their retirement income and remain in their homes comfortably.

Reverse Mortgage Loan Origination in Shasta County

Reverse Mortgage Home Values in Shasta County

Reverse Mortgage Interest Rates Shasta County

There are approximately 372 active reverse mortgage loans in Shasta County. The average interest rate in Shasta County is 7.53% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Shasta County was $405,208.33 in 2024.

Click here to get a Reverse Mortgage Quote in Shasta County, California »

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 Shasta County, CA

With the average home value of $405,208.33, 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 Shasta 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 Shasta County

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