In 2024, there were 24 active reverse mortgage loans in Okeechobee County, Florida. The average home value in Okeechobee County is $353,111.79.

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

Okeechobee County, Florida, is a charming area known for its natural beauty and outdoor recreational opportunities. While the population of Okeechobee County is not known, the county is renowned for its namesake, Lake Okeechobee, the largest freshwater lake in the state of Florida. The area is a popular destination for fishing, boating, and birdwatching enthusiasts, drawing visitors from far and wide to experience its unique ecosystem. With an average home value of $353,111.79 and an average property tax of $1,911.21, Okeechobee County offers affordable real estate options. Seniors in Okeechobee County may find reverse mortgages to be a beneficial financial tool, allowing them to tap into their home equity to supplement retirement income. The average interest rate of 0.04457 makes this an attractive option for seniors looking to enhance their financial security in retirement.

Reverse Mortgage Loan Origination in Okeechobee County

Reverse Mortgage Home Values in Okeechobee County

Reverse Mortgage Interest Rates Okeechobee County

There are approximately 24 active reverse mortgage loans in Okeechobee County. The average interest rate in Okeechobee County is 7.49% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Okeechobee County was $317,500.00 in 2024.

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

With the average home value of $317,500.00, 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 Okeechobee 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 Okeechobee 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 »