In 2024, there were 1562 active reverse mortgage loans in Ada County, Idaho. The average home value in Ada County is $549,146.30.

Click here to get a reverse Mortgage Quote in Ada County, Idaho

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

Reverse Mortgage Loans in Ada County

Ada County, located in Idaho, is home to a population of over 481,587 residents. Known for its vibrant community and natural beauty, Ada County offers a mix of urban and rural living, with access to outdoor recreational activities like fishing, hiking, and skiing. The county seat, Boise, is the state capital and a hub for cultural events, dining, and shopping. With an average home value of $549,146.3009 and property taxes averaging $2,088.474146, Ada County offers a desirable real estate market. Furthermore, with interest rates averaging 0.04209178434, individuals looking to leverage their home equity may consider exploring reverse mortgages as a financial option. For seniors looking to supplement their retirement income or access funds for other expenses, a reverse mortgage allows them to convert a portion of their home equity into cash without having to sell their home. This can be a valuable tool for seniors in Ada County and beyond to help them achieve financial security in their later years.

Reverse Mortgage Loan Origination in Ada County

Reverse Mortgage Home Values in Ada County

Reverse Mortgage Interest Rates Ada County

There are approximately 1562 active reverse mortgage loans in Ada County. The average interest rate in Ada County is 7.39% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Ada County was $550,680.00 in 2024.

Click here to get a Reverse Mortgage Quote in Ada County, Idaho »

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 Ada County, ID

With the average home value of $550,680.00, 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 Ada 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 Ada County

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