In 2024, there were 61 active reverse mortgage loans in Hamblen County, Tennessee. The average home value in Hamblen County is $231,386.61.

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

Hamblen County, Tennessee, with a population of approximately 64,000 residents, is nestled in the eastern part of the state. Known for its picturesque landscapes and rich history, this county boasts a diverse economy with industries such as agriculture, manufacturing, and healthcare playing vital roles. The county seat, Morristown, is home to historic sites like the Crockett Tavern Museum, offering visitors a glimpse into the region’s past. With an average home value of 231,386.61, property tax of 656.56, and an average interest rate of 0.0474, Hamblen County presents an attractive real estate market for retirees looking to settle down in a serene location. Seniors in Hamblen County may find reverse mortgages to be a beneficial financial option to tap into their home equity for additional income in retirement. Considered a valuable tool for older homeowners, reverse mortgages can provide a source of funds while allowing seniors to remain in their cherished homes.

Reverse Mortgage Loan Origination in Hamblen County

Reverse Mortgage Home Values in Hamblen County

Reverse Mortgage Interest Rates Hamblen County

There are approximately 61 active reverse mortgage loans in Hamblen County. The average interest rate in Hamblen County is 7.58% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Hamblen County was $286,666.67 in 2024.

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

With the average home value of $286,666.67, 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 Hamblen 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 Hamblen 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 »