In 2024, there were 14 active reverse mortgage loans in Bulloch County, Georgia. The average home value in Bulloch County is $387,211.57.

Click here to get a reverse Mortgage Quote in Bulloch County, Georgia

To avoid scams, make sure you are working with a licensed lender in Georgia. South River Mortgage is a fully licensed lender in Georgia. The GA 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/Registration in GA, and our state license identifier is 1854525.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Bulloch County

Bulloch County is located in the state of Georgia and is home to a population of over 75,000 residents. The area is known for its pleasant climate with warm summers and mild winters, making it an attractive place to live for many individuals and families. With a rich history dating back to the early 19th century, Bulloch County holds significance as the birthplace of agricultural innovator and former U.S. Senator Walter F. George. The average home value in Bulloch County is $387,211.57, with property taxes averaging $3,040.98 and an interest rate of 0.03025. For seniors looking to leverage the equity in their homes, reverse mortgages can be a beneficial financial tool. Through a reverse mortgage, homeowners in Bulloch County can access funds based on the value of their property, providing additional financial flexibility during retirement years.

Reverse Mortgage Loan Origination in Bulloch County

Reverse Mortgage Home Values in Bulloch County

Reverse Mortgage Interest Rates Bulloch County

There are approximately 14 active reverse mortgage loans in Bulloch County. The average interest rate in Bulloch County is 7.21% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Bulloch County was $280,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Bulloch County, Georgia »

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 Bulloch County, GA

With the average home value of $280,000.00, 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 Bulloch 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 Bulloch County

You can now purchase a home with a reverse mortgage in {county}, GA. 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 »