In 2024, there were 667 active reverse mortgage loans in Davidson County, Tennessee. The average home value in Davidson County is $506,574.88.

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

Located in the state of Tennessee, Davidson County is home to the bustling city of Nashville, known for its vibrant music scene, historic landmarks, and Southern charm. With a population of over 700,000, the county enjoys a diverse mix of urban amenities and natural beauty, including parks, rivers, and hiking trails. Davidson County has a rich history dating back to the early 1800s, with significant events such as the Battle of Nashville during the Civil War. The average home value in Davidson County is $506,574.88, with property taxes averaging $2,601.35 and an average interest rate of 4.37%. For seniors looking to supplement their retirement income, considering a reverse mortgage in Davidson County may be beneficial. By leveraging the equity in their homes, seniors can receive tax-free funds to support their financial needs while continuing to live in their own homes. Discussing the pros and cons of reverse mortgages with a financial advisor can help seniors make informed decisions about their financial future in Davidson County.

Reverse Mortgage Loan Origination in Davidson County

Reverse Mortgage Home Values in Davidson County

Reverse Mortgage Interest Rates Davidson County

There are approximately 667 active reverse mortgage loans in Davidson County. The average interest rate in Davidson County is 7.29% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Davidson County was $481,559.14 in 2024.

Click here to get a Reverse Mortgage Quote in Davidson 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 Davidson County, TN

With the average home value of $481,559.14, 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 Davidson 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 Davidson 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 »