In 2024, there were 146 active reverse mortgage loans in Caddo Parish, Louisiana. The average home value in Caddo Parish is $189,745.90.

Click here to get a reverse Mortgage Quote in Caddo 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 Caddo Parish

Caddo Parish is located in the state of Louisiana and is home to a population of approximately 243,635 residents. Known for its rich history and vibrant culture, the area is famous for its diverse music scene, delicious Cajun cuisine, and picturesque bayous. With an average home value of $189,745.90 and an average property tax of $1,053.81, Caddo Parish offers affordable housing options for its residents. The county also boasts an average interest rate of 3.79%, making it an attractive location for homebuyers. For seniors in Caddo Parish considering financial options, reverse mortgages can be a valuable tool to access the equity in their homes. This financial instrument allows homeowners aged 62 and older to convert a portion of their home equity into cash, providing a source of supplemental income during retirement. With the county’s reasonable home values and property tax rates, seniors in Caddo Parish may find reverse mortgages to be a beneficial solution for their financial needs, allowing them to enjoy their retirement years comfortably.

Reverse Mortgage Loan Origination in Caddo Parish

Reverse Mortgage Home Values in Caddo Parish

Reverse Mortgage Interest Rates Caddo Parish

There are approximately 146 active reverse mortgage loans in Caddo Parish. The average interest rate in Caddo Parish is 7.37% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Caddo Parish was $231,363.64 in 2024.

Click here to get a Reverse Mortgage Quote in Caddo 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 Caddo Parish, LA

With the average home value of $231,363.64, 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 Caddo 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 Caddo 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 »