In 2024, there were 14 active reverse mortgage loans in Decatur County, Indiana. The average home value in Decatur County is $275,147.64.

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

Located in the state of Indiana, Decatur County is home to a population of approximately 27,300 residents. The county boasts a diverse landscape, with a mix of rural farmlands and small towns. Known for its rich agricultural heritage, Decatur County is famous for its annual fairs and festivals celebrating the farming community. With an average home value of $275,147.64 and property tax of $1,483.49, Decatur County offers a relatively affordable housing market for residents. For seniors in the area looking to tap into their home equity, a reverse mortgage could be a viable option. By leveraging their home’s value and equity, seniors can access funds to supplement their retirement income or cover unexpected expenses, all while continuing to live in their beloved home. The current average interest rate of 0.0456 makes this financial tool even more attractive for qualified homeowners in Decatur County.

Reverse Mortgage Loan Origination in Decatur County

Reverse Mortgage Home Values in Decatur County

Reverse Mortgage Interest Rates Decatur County

There are approximately 14 active reverse mortgage loans in Decatur County. The average interest rate in Decatur County is 7.6% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Decatur County was $219,000.00 in 2024.

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

With the average home value of $219,000.00, 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 Decatur 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 Decatur 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 »