In 2024, there were 159 active reverse mortgage loans in Blount County, Tennessee. The average home value in Blount County is $431,880.89.

Click here to get a reverse Mortgage Quote in Blount County, Tennessee

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

Reverse Mortgage Loans in Blount County

Blount County, located in the state of Tennessee, is home to a population of around 133,088 residents. Known for its picturesque landscapes, including the Great Smoky Mountains and the peaceful town of Maryville, Blount County offers a serene and close-knit community for its inhabitants. The county has a rich historical background, with ties to the Cherokee Native Americans and a strong presence during the Civil War. The average home value in Blount County is approximately 431,880.8868, with an average property tax of 1354.90566, and an average interest rate of 0.049592405060000004. For seniors looking to supplement their income in retirement, a reverse mortgage could be a beneficial option in Blount County. This financial tool allows homeowners aged 62 and older to tap into their home equity, providing additional funds for living expenses or other financial needs. It can be a valuable resource for seniors looking to enjoy their retirement years without financial stress.

Reverse Mortgage Loan Origination in Blount County

Reverse Mortgage Home Values in Blount County

Reverse Mortgage Interest Rates Blount County

There are approximately 159 active reverse mortgage loans in Blount County. The average interest rate in Blount County is 7.58% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Blount County was $353,571.43 in 2024.

Click here to get a Reverse Mortgage Quote in Blount County, Tennessee »

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 Blount County, TN

With the average home value of $353,571.43, 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 Blount 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 Blount County

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