In 2024, there were 19 active reverse mortgage loans in DeKalb County, Indiana. The average home value in DeKalb County is $265,524.53.

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

DeKalb County, located in Indiana, is home to a population of approximately 43,000 people. This picturesque county boasts a temperate climate, making it an ideal place to settle down and enjoy the changing seasons. Known for its charming small towns and rich agricultural heritage, DeKalb County offers a peaceful and community-oriented way of life. With an average home value of $265,524.53 and property taxes averaging $1,020.11, DeKalb County provides affordable housing options for residents. For seniors looking to access additional financial resources in retirement, considering a reverse mortgage on their DeKalb County property could be a viable option. With an average interest rate of 4.18%, leveraging their home equity through a reverse mortgage can provide supplemental income and financial flexibility for seniors looking to enhance their golden years in DeKalb County.

Reverse Mortgage Loan Origination in DeKalb County

Reverse Mortgage Home Values in DeKalb County

Reverse Mortgage Interest Rates DeKalb County

There are approximately 19 active reverse mortgage loans in DeKalb County. The average interest rate in DeKalb County is 7.88% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in DeKalb County was $260,000.00 in 2024.

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

With the average home value of $260,000.00, 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 DeKalb 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 DeKalb 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 »