In 2024, there were 9 active reverse mortgage loans in Freestone County, Texas. The average home value in Freestone County is $290,154.00.

Click here to get a reverse Mortgage Quote in Freestone County, Texas

To avoid scams, make sure you are working with a licensed lender in Texas. South River Mortgage is a fully licensed lender in Texas. The TX state regulator requires mortgage lenders to be explicitly approved to make loans and hold a license. South River Mortgage proudly holds the Department of Savings and Mortgage Lending Mortgage Company License in TX, and our state license identifier is 1854525.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Freestone County

Freestone County is a charming county located in the state of Texas. While the exact population data is not provided, the area is known for its picturesque landscapes, friendly communities, and rich historical significance. Freestone County boasts an average home value of $290,154.0, with an average property tax of $3,825.28 and an average interest rate of 0.0406. Historically, Freestone County played a significant role during the Civil War, with notable events and figures shaping its past. Today, the county offers a peaceful rural setting for residents and visitors to enjoy. For seniors looking to unlock the value of their homes in Freestone County, a reverse mortgage can be a beneficial financial tool. By leveraging the equity in their property, seniors can access funds to support their retirement years while still residing in their beloved homes.

Reverse Mortgage Loan Origination in Freestone County

Reverse Mortgage Home Values in Freestone County

Reverse Mortgage Interest Rates Freestone County

There are approximately 9 active reverse mortgage loans in Freestone County. The average interest rate in Freestone County is 7.24% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Freestone County was $195,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Freestone County, Texas »

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 Freestone County, TX

With the average home value of $195,000.00, 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 Freestone 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 Freestone County

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