In 2024, there were 7 active reverse mortgage loans in Chattooga County, Georgia. The average home value in Chattooga County is $318,184.00.

Click here to get a reverse Mortgage Quote in Chattooga County, Georgia

To avoid scams, make sure you are working with a licensed lender in Georgia. South River Mortgage is a fully licensed lender in Georgia. The GA 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/Registration in GA, and our state license identifier is 1854525.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Chattooga County

Located in the state of Georgia, Chattooga County is home to a population of approximately 24,385 residents. Known for its beautiful natural surroundings, including the Chattooga River and the picturesque foothills of the Appalachian Mountains, this area offers a peaceful retreat for outdoor enthusiasts and nature lovers. The county has a rich history, with several historic sites and landmarks such as the Summerville Depot and the Chattooga County Courthouse, reflecting its deep roots in the region. For seniors looking to unlock the equity in their homes, Chattooga County offers opportunities for utilizing reverse mortgages. With an average home value of $318,184 and an average property tax of $1,413.268, seniors can leverage the equity in their homes to supplement their retirement income. With the current average interest rate of 0.03682857143, seniors in Chattooga County can explore the option of reverse mortgages as a financial tool to provide additional financial security in their golden years.

Reverse Mortgage Loan Origination in Chattooga County

Reverse Mortgage Home Values in Chattooga County

Reverse Mortgage Interest Rates Chattooga County

There are approximately 7 active reverse mortgage loans in Chattooga County. The average interest rate in Chattooga County is 7.94% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Chattooga County was $310,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Chattooga County, Georgia »

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 Chattooga County, GA

With the average home value of $310,000.00, 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 Chattooga 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 Chattooga County

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