In 2024, there were 35 active reverse mortgage loans in Clearfield County, Pennsylvania. The average home value in Clearfield County is $185,653.03.

Click here to get a reverse Mortgage Quote in Clearfield County, Pennsylvania

To avoid scams, make sure you are working with a licensed lender in Pennsylvania. South River Mortgage is a fully licensed lender in Pennsylvania. The PA 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 PA, and our state license identifier is 94894.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Clearfield County

Clearfield County is located in Pennsylvania and is home to a diverse population set against the backdrop of the county’s picturesque landscapes and historic charm. With an average home value of 185,653.0286 and average property tax of 324.396, Clearfield County offers affordable living options for residents. The county is known for its outdoor recreational opportunities, including state parks, hiking trails, and scenic vistas, making it a popular destination for nature lovers and outdoor enthusiasts. Historically, Clearfield County played a significant role during the lumber and coal industries boom in the 19th and early 20th centuries, shaping the county’s development and economy. For seniors looking to tap into their home equity, Clearfield County’s average interest rate of 0.03830571429 makes it an attractive location for exploring reverse mortgage options as a financial tool for retirement planning. This can provide seniors with supplemental income while allowing them to stay in their homes and enjoy their retirement in the beautiful surroundings of Clearfield County.

Reverse Mortgage Loan Origination in Clearfield County

Reverse Mortgage Home Values in Clearfield County

Reverse Mortgage Interest Rates Clearfield County

There are approximately 35 active reverse mortgage loans in Clearfield County. The average interest rate in Clearfield County is 7.34% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Clearfield County was $215,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Clearfield County, Pennsylvania »

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 Clearfield County, PA

With the average home value of $215,000.00, 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 Clearfield 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 Clearfield County

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