In 2024, there were 1 active reverse mortgage loans in Gibson County, Indiana. The average home value in Gibson County is $130,343.00.

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

Located in the state of Indiana, Gibson County is home to a population of over 33,000 residents. Known for its picturesque rural landscapes and strong agricultural heritage, the county offers a quiet and serene environment for its residents. With an average home value of $130,343 and an average property tax of $93.64, Gibson County provides affordable housing options for those looking to settle in the area. For seniors in Gibson County looking to leverage their home equity, considering a reverse mortgage may be a viable option. With the current average interest rate of 0.055099999999999996, seniors can potentially access a portion of their home’s value without having to make monthly mortgage payments. This financial tool can provide additional income to support retirees in their golden years, allowing them to maintain their quality of life and cover unexpected expenses.

Reverse Mortgage Loan Origination in Gibson County

Reverse Mortgage Home Values in Gibson County

Reverse Mortgage Interest Rates Gibson County

There are approximately 1 active reverse mortgage loans in Gibson County. The average interest rate in Gibson County is 8.39% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Gibson County was $125,000.00 in 2024.

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

With the average home value of $125,000.00, 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 Gibson 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 Gibson 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 »