In 2024, there were 85 active reverse mortgage loans in Bossier Parish, Louisiana. The average home value in Bossier Parish is $247,085.62.

Click here to get a reverse Mortgage Quote in Bossier Parish, Louisiana

To avoid scams, make sure you are working with a licensed lender in Louisiana. South River Mortgage is a fully licensed lender in Louisiana. The LA state regulator requires mortgage lenders to be explicitly approved to make loans and hold a license. South River Mortgage proudly holds the Residential Mortgage Lending License in LA, and our state license identifier is 1854525.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Bossier Parish

Located in the state of Louisiana, Bossier Parish is known for its vibrant community and rich history. With a population of over 127,000 residents, Bossier Parish offers a diverse mix of urban and rural living, making it an appealing place to call home. The area is famous for its bustling economy, active military presence at Barksdale Air Force Base, and a thriving cultural scene with events like the Red River Revel Arts Festival. In terms of real estate, the average home value in Bossier Parish is $247,085.62, with an average property tax of $807.82 and an average interest rate of 3.66%. For seniors looking to tap into their home equity, Bossier Parish presents opportunities for reverse mortgages, allowing homeowners aged 62 and older to access funds while still living in their cherished homes. This financial option can provide retirees with added financial security and flexibility in their golden years.

Reverse Mortgage Loan Origination in Bossier Parish

Reverse Mortgage Home Values in Bossier Parish

Reverse Mortgage Interest Rates Bossier Parish

There are approximately 85 active reverse mortgage loans in Bossier Parish. The average interest rate in Bossier Parish is 8.37% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Bossier Parish was $205,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Bossier Parish, Louisiana »

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 Bossier Parish, LA

With the average home value of $205,000.00, 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 Bossier Parish

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 Bossier Parish

You can now purchase a home with a reverse mortgage in {county}, LA. 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 »