In 2024, there were 14 active reverse mortgage loans in Dubois County, Indiana. The average home value in Dubois County is $245,546.64.

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

Located in the state of Indiana, Dubois County is home to a population of approximately 42,245 residents. Known for its picturesque landscapes, vibrant communities, and strong sense of community spirit, Dubois County offers a high quality of life for its residents. The county has a rich history dating back to the early settlements of European pioneers and has since evolved into a thriving hub of agriculture, manufacturing, and outdoor recreation. With an average home value of $245,546.64 and property taxes averaging $1,302.15, Dubois County offers a range of housing options to suit different preferences and budgets. For seniors looking to tap into their home equity, the county’s average interest rate of 3.66% makes it an attractive location for exploring reverse mortgage options. By leveraging the equity in their homes, seniors in Dubois County can access additional funds to support their retirement years and enhance their financial well-being.

Reverse Mortgage Loan Origination in Dubois County

Reverse Mortgage Home Values in Dubois County

Reverse Mortgage Interest Rates Dubois County

There are approximately 14 active reverse mortgage loans in Dubois County. The average interest rate in Dubois County is 8.23% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Dubois County was $395,000.00 in 2024.

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

With the average home value of $395,000.00, 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 Dubois 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 Dubois 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 »