In 2024, there were 176 active reverse mortgage loans in Cumberland County, North Carolina. The average home value in Cumberland County is $244,413.98.

Click here to get a reverse Mortgage Quote in Cumberland County, North Carolina

To avoid scams, make sure you are working with a licensed lender in North Carolina. South River Mortgage is a fully licensed lender in North Carolina. The NC 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 NC, and our state license identifier is L-222260.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Cumberland County

Cumberland County is located in North Carolina and is home to a population of around 332,330 residents. The area is known for its rich history, including being the site of numerous battles during the American Civil War. Fayetteville, the county seat, is a vibrant city in Cumberland County known for its military presence and cultural attractions. The average home value in Cumberland County is $244,413.98, with an average property tax of $1,685.24 and an average interest rate of 0.04085284091. For seniors in Cumberland County looking to tap into their home equity, a reverse mortgage can be a viable option. With the county’s average home value, seniors may be able to access a substantial amount of funds through a reverse mortgage, providing financial security in retirement. Additionally, given the historical significance of the area, seniors may find comfort in staying in their homes and utilizing a reverse mortgage to support their lifestyle while preserving their connection to Cumberland County’s heritage.

Reverse Mortgage Loan Origination in Cumberland County

Reverse Mortgage Home Values in Cumberland County

Reverse Mortgage Interest Rates Cumberland County

There are approximately 176 active reverse mortgage loans in Cumberland County. The average interest rate in Cumberland County is 7.71% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Cumberland County was $184,375.00 in 2024.

Click here to get a Reverse Mortgage Quote in Cumberland County, North Carolina »

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 Cumberland County, NC

With the average home value of $184,375.00, 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 Cumberland 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 Cumberland County

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