In 2024, there were 3 active reverse mortgage loans in Harney County, Oregon. The average home value in Harney County is $216,830.00.

Click here to get a reverse Mortgage Quote in Harney County, Oregon

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

Reverse Mortgage Loans in Harney County

Located in the state of Oregon, Harney County is known for its vast expanses of natural beauty and outdoor recreational opportunities. With a population of approximately 7,200 residents, the county offers a rural and serene setting for those looking to escape the hustle and bustle of city life. Harney County is home to the Malheur National Wildlife Refuge, a popular destination for birdwatching and wildlife photography. Historically, Harney County was at the center of the 2016 occupation of the Malheur National Wildlife Refuge by armed protestors. This event brought national attention to the county and sparked debates about land management and federal government policies. For seniors in Harney County looking to tap into the equity of their homes, a reverse mortgage may be a viable option with the average home value of $216,830.0 and the average property tax of $2,105.93. With an average interest rate of 0.05%, seniors can potentially benefit from a reverse mortgage to supplement their retirement income.

Reverse Mortgage Loan Origination in Harney County

Reverse Mortgage Home Values in Harney County

Reverse Mortgage Interest Rates Harney County

There are approximately 3 active reverse mortgage loans in Harney County. The average interest rate in Harney County is 7.63% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Harney County was $480,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Harney County, Oregon »

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 Harney County, OR

With the average home value of $480,000.00, 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 Harney 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 Harney County

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