In 2024, there were 10 active reverse mortgage loans in Dixie County, Florida. The average home value in Dixie County is $117,215.20.

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To avoid scams, make sure you are working with a licensed lender in Florida. South River Mortgage is a fully licensed lender in Florida. The FL 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 FL, and our state license identifier is MLD2179.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Dixie County

Dixie County, Florida, is a charming area located in the northern part of the state. Although the exact population is not known, the county is known for its natural beauty and outdoor recreational opportunities. With its proximity to the Gulf of Mexico, residents and visitors can enjoy fishing, boating, and exploring the pristine coastal landscapes. Dixie County has a rich history, with some notable historical sites, including the Old Town Historic District and the historic Suwannee River. The average home value in Dixie County is $117,215.2, with an average property tax of $749.986 and an average interest rate of 0.04831. For seniors in Dixie County considering ways to supplement their retirement income, a reverse mortgage could be a viable option. By leveraging the equity in their homes, seniors can access funds to cover expenses or improve their quality of life in retirement. This financial tool can provide flexibility and peace of mind for older homeowners in Dixie County.

Reverse Mortgage Loan Origination in Dixie County

Reverse Mortgage Home Values in Dixie County

Reverse Mortgage Interest Rates Dixie County

There are approximately 10 active reverse mortgage loans in Dixie County. The average interest rate in Dixie County is 8.0% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Dixie County was $173,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Dixie County, Florida »

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 Dixie County, FL

With the average home value of $173,000.00, 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 Dixie 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 Dixie County

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