In 2024, there were 29 active reverse mortgage loans in Logan County, Colorado. The average home value in Logan County is $276,879.10.

Click here to get a reverse Mortgage Quote in Logan County, Colorado

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

Reverse Mortgage Loans in Logan County

Located in the northeastern part of Colorado, Logan County is home to a diverse population and a unique blend of rural charm and modern amenities. The county is known for its rich agricultural heritage, with vast expanses of farmland and a strong sense of community. With a population of approximately 22,000 residents, Logan County offers a peaceful and laid-back lifestyle that appeals to both families and retirees. Historically, Logan County was established in the late 19th century and played a significant role in the development of the state’s agriculture industry. The county seat, Sterling, is a bustling town that serves as the economic and cultural hub of the region. With an average home value of $276,879.10 and an average property tax of $706.50, Logan County offers affordable real estate options for both buyers and investors. Seniors in Logan County may find reverse mortgages to be a viable financial tool, leveraging the equity in their homes to supplement their retirement income, especially with the average interest rate of 0.047%.

Reverse Mortgage Loan Origination in Logan County

Reverse Mortgage Home Values in Logan County

Reverse Mortgage Interest Rates Logan County

There are approximately 29 active reverse mortgage loans in Logan County. The average interest rate in Logan County is 7.73% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Logan County was $331,666.67 in 2024.

Click here to get a Reverse Mortgage Quote in Logan County, Colorado »

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 Logan County, CO

With the average home value of $331,666.67, 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 Logan 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 Logan County

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