In 2024, there were 35 active reverse mortgage loans in Jackson County, Florida. The average home value in Jackson County is $156,451.83.

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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 Jackson County

Jackson County, Florida, located in the panhandle of the state, is home to a population of approximately 51,624 residents. Known for its beautiful natural landscapes and rich history, Jackson County offers a peaceful and rural setting for its residents. The county is renowned for its outdoor recreational opportunities, including fishing, boating, and hiking, making it a popular destination for nature enthusiasts. Historically, Jackson County played a significant role in the Civil War, being the site of several important battles and serving as a hub for Confederate forces. Today, the county is home to a number of historical sites and landmarks that highlight its past. For seniors looking to tap into their home equity, Jackson County’s average home value of $156,451.83, along with an average property tax of $1050.83, and an average interest rate of 4.1%, make it an appealing location for exploring options such as reverse mortgages. Reverse mortgages can provide seniors with access to funds while allowing them to remain in their homes, offering a financial solution tailored to their needs.

Reverse Mortgage Loan Origination in Jackson County

Reverse Mortgage Home Values in Jackson County

Reverse Mortgage Interest Rates Jackson County

There are approximately 35 active reverse mortgage loans in Jackson County. The average interest rate in Jackson County is 7.79% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Jackson County was $217,000.00 in 2024.

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

With the average home value of $217,000.00, 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 Jackson 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 Jackson 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 »