In 2024, there were 539 active reverse mortgage loans in Cobb County, Georgia. The average home value in Cobb County is $491,558.77.

Click here to get a reverse Mortgage Quote in Cobb 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 Cobb County

Cobb County is a vibrant area located in the state of Georgia, with a population of over 760,000 residents. This county is known for its beautiful parks, diverse culinary scene, and thriving cultural offerings. With a rich history dating back to the early 1800s, Cobb County played a significant role in the Civil War as the site of the Battle of Kennesaw Mountain. The average home value in Cobb County is around $491,558.77, with an average property tax of $1,136.10 and an average interest rate of 4.59%. For seniors looking to utilize their home equity, a reverse mortgage can be a valuable financial tool. By leveraging the equity in their homes, seniors in Cobb County can supplement their income, pay for healthcare expenses, or fund home improvements while continuing to live in their homes.

Reverse Mortgage Loan Origination in Cobb County

Reverse Mortgage Home Values in Cobb County

Reverse Mortgage Interest Rates Cobb County

There are approximately 539 active reverse mortgage loans in Cobb County. The average interest rate in Cobb County is 7.38% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Cobb County was $470,326.09 in 2024.

Click here to get a Reverse Mortgage Quote in Cobb 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 Cobb County, GA

With the average home value of $470,326.09, 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 Cobb 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 Cobb 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 »