In 2024, there were 18 active reverse mortgage loans in Towns County, Georgia. The average home value in Towns County is $571,093.56.

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

Towns County, located in the state of Georgia, is a picturesque area known for its stunning mountain scenery and outdoor recreational opportunities. While the exact population of Towns County is not provided, it is a popular destination for tourists and retirees seeking a peaceful mountain retreat. The county is also home to the beautiful Lake Chatuge, offering a range of water activities and scenic views. With an average home value of $571,093.56 and an average property tax of $1,284.72, Towns County boasts a desirable real estate market. Additionally, the average interest rate of 3.89% makes homeownership in the area more accessible. For seniors looking to tap into their home equity, Towns County may be a great place to consider a reverse mortgage. This financial option allows homeowners aged 62 and older to convert a portion of their home equity into cash, providing additional financial flexibility during retirement.

Reverse Mortgage Loan Origination in Towns County

Reverse Mortgage Home Values in Towns County

Reverse Mortgage Interest Rates Towns County

There are approximately 18 active reverse mortgage loans in Towns County. The average interest rate in Towns County is 6.69% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Towns County was $351,666.67 in 2024.

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

With the average home value of $351,666.67, 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 Towns 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 Towns 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 »