In 2024, there were 17 active reverse mortgage loans in Brown County, Indiana. The average home value in Brown County is $301,995.71.

Click here to get a reverse Mortgage Quote in Brown County, Indiana

To avoid scams, make sure you are working with a licensed lender in Indiana. South River Mortgage is a fully licensed lender in Indiana. The IN state regulator requires mortgage lenders to be explicitly approved to make loans and hold a license. South River Mortgage proudly holds the Department of Financial Institutions, Mortgage Lending License in IN, and our state license identifier is 62995.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Brown County

Brown County is located in Indiana and is known for its picturesque landscapes and vibrant arts scene, particularly centered around the town of Nashville. With a population of approximately 15,000 residents, Brown County offers a peaceful rural setting with a thriving community of artists and musicians. The county is famous for its scenic beauty, including the Brown County State Park and the beautiful fall foliage that attracts visitors from all over. Historically, Brown County was a popular destination for artists during the early 20th century, known as the “Brown County Art Colony.” The area has preserved its artistic legacy, with many galleries and studios showcasing the work of local artists. For seniors looking to tap into their home equity, Brown County’s average home value of $301,995.71, combined with an average property tax of $778.12 and an average interest rate of 4.54%, makes it an attractive location for exploring options such as reverse mortgages, which can provide financial flexibility for retirees looking to supplement their income while remaining in their homes.

Reverse Mortgage Loan Origination in Brown County

Reverse Mortgage Home Values in Brown County

Reverse Mortgage Interest Rates Brown County

There are approximately 17 active reverse mortgage loans in Brown County. The average interest rate in Brown County is 6.83% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Brown County was $300,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Brown County, Indiana »

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 Brown County, IN

With the average home value of $300,000.00, 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 Brown 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 Brown County

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