In 2024, there were 372 active reverse mortgage loans in Escambia County, Florida. The average home value in Escambia County is $332,538.07.

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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 Escambia County

Escambia County, FL, located in the northwest part of the state, is home to a diverse population and rich history. With a population of approximately 318,316 residents, the county enjoys a mild climate with warm summers and mild winters, making it a popular destination for both residents and tourists. Known for its beautiful beaches along the Gulf of Mexico, Escambia County offers a wide range of outdoor recreational activities and cultural attractions. Historically, Escambia County is significant for its role in early Spanish colonization and Native American history. The average home value in Escambia County is $332,538.07, with an average property tax of $1,355.20 and an average interest rate of 4.23%. For seniors looking to tap into their home equity to supplement their retirement income, a reverse mortgage could be a valuable financial tool. By leveraging the equity in their home, seniors can receive payments and defer repayment until they sell the home or are no longer living in it. This can provide a comfortable source of income for retirees in Escambia County looking to enjoy their golden years.

Reverse Mortgage Loan Origination in Escambia County

Reverse Mortgage Home Values in Escambia County

Reverse Mortgage Interest Rates Escambia County

There are approximately 372 active reverse mortgage loans in Escambia County. The average interest rate in Escambia County is 7.47% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Escambia County was $256,621.62 in 2024.

Click here to get a Reverse Mortgage Quote in Escambia 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 Escambia County, FL

With the average home value of $256,621.62, 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 Escambia 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 Escambia 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 »