In 2024, there were 10 active reverse mortgage loans in Cook County, Georgia. The average home value in Cook County is $185,970.80.

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

Cook County is a rural county located in the state of Georgia, with a population of approximately 17,000 residents. Known for its agricultural heritage, the area is famous for its production of peanuts, corn, and cotton. The county boasts a rich history, with roots dating back to the early 19th century when it was established in 1918. Cook County is home to several historical sites, including the historic Adel-Moultrie Railroad and the Cook County Courthouse which was built in 1930. For seniors looking to tap into the equity of their homes, Cook County offers an average home value of $185,970.8, making it an attractive option for those considering a reverse mortgage. With an average property tax rate of $1,104.21 and an average interest rate of 4.70%, homeowners in Cook County may find a reverse mortgage to be a viable financial option to supplement their retirement income.

Reverse Mortgage Loan Origination in Cook County

Reverse Mortgage Home Values in Cook County

Reverse Mortgage Interest Rates Cook County

There are approximately 10 active reverse mortgage loans in Cook County. The average interest rate in Cook County is 7.75% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Cook County was $155,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Cook 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 Cook County, GA

With the average home value of $155,000.00, 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 Cook 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 Cook 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 »