In 2024, there were 13 active reverse mortgage loans in Lawrence County, Indiana. The average home value in Lawrence County is $201,547.54.

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

Lawrence County, Indiana, located in the southern part of the state, is home to a population of approximately 46,006 residents. The county boasts a picturesque landscape with rolling hills, forests, and the scenic White River running through it. Lawrence County is known for its rich limestone heritage, earning it the title of the “Limestone Capital of the World.” The area has a diverse economy with industries ranging from agriculture to manufacturing. Historically, Lawrence County played a significant role in the limestone industry, supplying building materials for iconic structures such as the Empire State Building and the Pentagon. For seniors in Lawrence County considering financial options, the average home value is around $201,547.54, with an average property tax of $975.87. Seniors may also explore the option of reverse mortgages, a financial tool that allows homeowners aged 62 and older to convert a portion of their home equity into cash. With an average interest rate of 3.89%, reverse mortgages could provide additional financial flexibility for seniors looking to access their home equity.

Reverse Mortgage Loan Origination in Lawrence County

Reverse Mortgage Home Values in Lawrence County

Reverse Mortgage Interest Rates Lawrence County

There are approximately 13 active reverse mortgage loans in Lawrence County. The average interest rate in Lawrence County is 7.96% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Lawrence County was $101,666.67 in 2024.

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

With the average home value of $101,666.67, 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 Lawrence 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 Lawrence 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 »