In 2024, there were 27 active reverse mortgage loans in Ashe County, North Carolina. The average home value in Ashe County is $364,928.89.

Click here to get a reverse Mortgage Quote in Ashe County, North Carolina

To avoid scams, make sure you are working with a licensed lender in North Carolina. South River Mortgage is a fully licensed lender in North Carolina. The NC state regulator requires mortgage lenders to be explicitly approved to make loans and hold a license. South River Mortgage proudly holds the Mortgage Lender License in NC, and our state license identifier is L-222260.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Ashe County

Located in the beautiful state of North Carolina, Ashe County is known for its picturesque landscapes and outdoor recreational activities. With a population of approximately 27,000 residents, Ashe County offers a serene and close-knit community atmosphere. The area is renowned for its stunning mountain views, hiking trails, and scenic drives, making it a popular destination for nature enthusiasts and outdoor adventurers. Ashe County has a rich history, once being home to the historic New River, one of the oldest rivers in North America. The county is also known for its vibrant arts scene, with many local galleries and studios showcasing the talents of regional artists. For seniors looking to tap into their home equity, Ashe County’s average home value of 364,928.8889 paired with an average property tax of 1,213.866296 and an average interest rate of 0.04274444444 make it an attractive location for exploring options like reverse mortgages. This financial tool allows homeowners, particularly seniors, to leverage the equity in their homes to supplement their income in retirement.

Reverse Mortgage Loan Origination in Ashe County

Reverse Mortgage Home Values in Ashe County

Reverse Mortgage Interest Rates Ashe County

There are approximately 27 active reverse mortgage loans in Ashe County. The average interest rate in Ashe County is 7.93% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Ashe County was $482,500.00 in 2024.

Click here to get a Reverse Mortgage Quote in Ashe County, North Carolina »

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 Ashe County, NC

With the average home value of $482,500.00, 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 Ashe 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 Ashe County

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