In 2024, there were 936 active reverse mortgage loans in Duval County, Florida. The average home value in Duval County is $413,087.14.

Click here to get a reverse Mortgage Quote in Duval County, Florida

To avoid scams, make sure you are working with a licensed lender in Florida. South River Mortgage is a fully licensed lender in Florida. The FL state regulator requires mortgage lenders to be explicitly approved to make loans and hold a license. South River Mortgage proudly holds the Mortgage Lender License in FL, and our state license identifier is MLD2179.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Duval County

Located in the state of Florida, Duval County is home to a diverse population and a unique blend of history and modern amenities. With a population of over 950,000 residents, Duval County encompasses the city of Jacksonville, known for its vibrant cultural scene, beautiful beaches, and thriving economy. The county boasts a temperate climate, with mild winters and hot summers, making it an ideal location for outdoor activities year-round. Duval County has a rich historical past, with Spanish, French, and British influences shaping its development over the centuries. In terms of property data, the average home value in Duval County is $413,087.14, with an average property tax of $2,357.95 and an average interest rate of 4.39%. Seniors in Duval County may find reverse mortgages to be a valuable financial tool, allowing them to tap into their home equity to supplement their income in retirement. This can be particularly useful for seniors looking to age in place and maintain financial stability in their later years.

Reverse Mortgage Loan Origination in Duval County

Reverse Mortgage Home Values in Duval County

Reverse Mortgage Interest Rates Duval County

There are approximately 936 active reverse mortgage loans in Duval County. The average interest rate in Duval County is 7.19% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Duval County was $417,096.77 in 2024.

Click here to get a Reverse Mortgage Quote in Duval County, Florida »

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 Duval County, FL

With the average home value of $417,096.77, 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 Duval 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 Duval County

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