In 2024, there were 8 active reverse mortgage loans in Clinton County, Indiana. The average home value in Clinton County is $250,540.13.

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

Located in the state of Indiana, Clinton County is home to a diverse population and boasts a rich history. The county is known for its vibrant communities and scenic countryside, making it an attractive place to live. With an average home value of $250,540.125 and an average property tax of $1,125.445, Clinton County offers residents affordable living options. Additionally, the average interest rate of 0.049625 provides favorable conditions for those looking to invest in real estate in the area. Seniors in Clinton County may benefit from considering reverse mortgages as a financial option. With the county’s stable property values and favorable interest rates, seniors can leverage the equity in their homes to supplement their retirement income. By exploring the possibilities of a reverse mortgage, older adults in Clinton County can potentially enjoy a more secure financial future while remaining in the comfort of their own homes.

Reverse Mortgage Loan Origination in Clinton County

Reverse Mortgage Home Values in Clinton County

Reverse Mortgage Interest Rates Clinton County

There are approximately 8 active reverse mortgage loans in Clinton County. The average interest rate in Clinton County is 7.86% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Clinton County was $178,333.33 in 2024.

Click here to get a Reverse Mortgage Quote in Clinton 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 Clinton County, IN

With the average home value of $178,333.33, 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 Clinton 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 Clinton 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 »