In 2024, there were 354 active reverse mortgage loans in Flagler County, Florida. The average home value in Flagler County is $423,486.21.

Click here to get a reverse Mortgage Quote in Flagler 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 Flagler County

Flagler County, Florida, located in the northeastern part of the state, is known for its beautiful beaches, outdoor recreational activities, and scenic natural landscapes. The county has a population of approximately 115,081 residents and enjoys a warm subtropical climate with plenty of sunshine throughout the year. Flagler County is home to historical sites like the Bulow Plantation Ruins Historic State Park and the Flagler Beach Historical Museum, offering a glimpse into the area’s rich past. The average home value in Flagler County is $423,486.21 with an average property tax of $2,311.75 and an average interest rate of 4.43%. For seniors looking to supplement their retirement income, Flagler County’s housing market offers opportunities for utilizing reverse mortgages. With the county’s favorable home values and low-interest rates, seniors may consider exploring the option of a reverse mortgage to access their home equity and maintain financial security during retirement.

Reverse Mortgage Loan Origination in Flagler County

Reverse Mortgage Home Values in Flagler County

Reverse Mortgage Interest Rates Flagler County

There are approximately 354 active reverse mortgage loans in Flagler County. The average interest rate in Flagler County is 7.35% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Flagler County was $434,821.43 in 2024.

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

With the average home value of $434,821.43, 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 Flagler 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 Flagler 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 »