In 2024, there were 27 active reverse mortgage loans in Thomas County, Georgia. The average home value in Thomas County is $253,282.44.

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

Located in Georgia, Thomas County is known for its rich history and charming Southern atmosphere. With a population of approximately 44,464 residents, the area enjoys a mild climate with warm summers and mild winters. Thomas County is famous for its beautiful countryside, historic architecture, and friendly community. Historically, Thomas County played a significant role in the American Civil War and was part of the antebellum plantation economy. Today, the average home value in Thomas County is $253,282.44, with an average property tax of $2,068.99 and an average interest rate of 3.63%. Seniors looking to tap into their home equity may consider a reverse mortgage, a financial option that enables homeowners aged 62 and older to convert a portion of their home’s equity into cash. Reverse mortgages can provide financial flexibility for seniors in Thomas County looking to supplement their retirement income or cover unexpected expenses.

Reverse Mortgage Loan Origination in Thomas County

Reverse Mortgage Home Values in Thomas County

Reverse Mortgage Interest Rates Thomas County

There are approximately 27 active reverse mortgage loans in Thomas County. The average interest rate in Thomas County is 7.76% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Thomas County was $325,000.00 in 2024.

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

With the average home value of $325,000.00, 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 Thomas 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 Thomas 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 »