In 2024, there were 9 active reverse mortgage loans in Fentress County, Tennessee. The average home value in Fentress County is $239,137.44.

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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 Fentress County

Located in Tennessee, Fentress County is a charming area known for its lush natural beauty and small-town charm. While the exact population figures may vary, the county boasts a peaceful rural setting with a moderate climate, making it an ideal choice for those seeking a tranquil lifestyle. Fentress County holds historical significance as it was one of the first counties established in the state of Tennessee, originally carved out of Morgan County in 1823. With an average home value of $239,137.44, 811.78 in property taxes, and an average interest rate of 0.0512, Fentress County offers affordable living in a picturesque setting. For seniors looking to unlock the equity in their homes, considering a reverse mortgage could be a viable option to supplement retirement income or cover unexpected expenses.

Reverse Mortgage Loan Origination in Fentress County

Reverse Mortgage Home Values in Fentress County

Reverse Mortgage Interest Rates Fentress County

There are approximately 9 active reverse mortgage loans in Fentress County. The average interest rate in Fentress County is 7.82% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Fentress County was $335,000.00 in 2024.

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

With the average home value of $335,000.00, 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 Fentress 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 Fentress 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 »