In 2024, there were 914 active reverse mortgage loans in Marion County, Florida. The average home value in Marion County is $323,137.03.

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

Marion County, located in the state of Florida, is known for its diverse natural beauty, with lush forests, rolling hills, and crystal-clear springs. The county is home to a population of around 365,579 residents and enjoys a moderate subtropical climate, making it an ideal destination for outdoor enthusiasts. Marion County is renowned for its equestrian culture, hosting the annual Ocala Jockey Club International 3-Day Event and boasting numerous horse farms and training facilities. With an average home value of $323,137.03 and property tax of $2,252.92, Marion County offers a desirable real estate market for both residents and retirees. For seniors looking to utilize their home equity in retirement, considering a reverse mortgage can be a strategic financial decision. By leveraging the equity in their homes, seniors in Marion County can access additional funds to support their retirement lifestyle while still retaining ownership of their property. With the average interest rate of 4.57% for reverse mortgages, seniors can explore this option to enhance their financial security in their golden years.

Reverse Mortgage Loan Origination in Marion County

Reverse Mortgage Home Values in Marion County

Reverse Mortgage Interest Rates Marion County

There are approximately 914 active reverse mortgage loans in Marion County. The average interest rate in Marion County is 7.42% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Marion County was $357,627.12 in 2024.

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

With the average home value of $357,627.12, 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 Marion 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 Marion 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 »