In 2024, there were 29 active reverse mortgage loans in Asotin County, Washington. The average home value in Asotin County is $373,086.97.

Click here to get a reverse Mortgage Quote in Asotin County, Washington

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

Reverse Mortgage Loans in Asotin County

Asotin County, located in the state of Washington, is a picturesque area known for its stunning natural beauty and outdoor recreational opportunities. While the specific population of Asotin County is not readily available, the county’s charm lies in its proximity to the Snake River and the surrounding rolling hills that offer a peaceful and scenic environment. Historically, Asotin County has been associated with the Lewis and Clark expedition’s journey through the region, adding a touch of pioneer heritage to the area. The average home value in Asotin County is 373086.9655, with an average property tax of 1114.798966 and an average interest rate of 0.041117241379999996. Seniors in Asotin County may find reverse mortgages to be a valuable option for supplementing their retirement income, allowing them to tap into the equity of their homes while continuing to reside in the comfort of familiar surroundings.

Reverse Mortgage Loan Origination in Asotin County

Reverse Mortgage Home Values in Asotin County

Reverse Mortgage Interest Rates Asotin County

There are approximately 29 active reverse mortgage loans in Asotin County. The average interest rate in Asotin County is 7.41% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Asotin County was $365,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Asotin County, Washington »

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 Asotin County, WA

With the average home value of $365,000.00, 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 Asotin 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 Asotin County

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