In 2024, there were 140 active reverse mortgage loans in Hendricks County, Indiana. The average home value in Hendricks County is $341,065.49.

Click here to get a reverse Mortgage Quote in Hendricks County, Indiana

To avoid scams, make sure you are working with a licensed lender in Indiana. South River Mortgage is a fully licensed lender in Indiana. The IN state regulator requires mortgage lenders to be explicitly approved to make loans and hold a license. South River Mortgage proudly holds the Department of Financial Institutions, Mortgage Lending License in IN, and our state license identifier is 62995.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Hendricks County

Located in the state of Indiana, Hendricks County is known for its charming small towns, picturesque countryside, and rich history. With a population of over 170,311 residents, Hendricks County enjoys a moderate climate with all four seasons, making it a comfortable place to call home. This area is known for its strong sense of community, top-rated schools, and numerous parks and recreational opportunities for residents to enjoy. Historically, Hendricks County was named after Indiana Governor William Hendricks and was established in 1824. The county has a deep connection to the railroad industry, with the first train passing through in the mid-19th century, contributing to its growth and development. For seniors looking to tap into their home equity, Hendricks County’s average home value of $341,065.49 and average property tax of $2,615.39 offer an opportunity to consider a reverse mortgage. With an average interest rate of 4.06%, seniors in Hendricks County may find that a reverse mortgage could provide financial flexibility and security in their retirement years.

Reverse Mortgage Loan Origination in Hendricks County

Reverse Mortgage Home Values in Hendricks County

Reverse Mortgage Interest Rates Hendricks County

There are approximately 140 active reverse mortgage loans in Hendricks County. The average interest rate in Hendricks County is 7.57% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Hendricks County was $271,923.08 in 2024.

Click here to get a Reverse Mortgage Quote in Hendricks County, Indiana »

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 Hendricks County, IN

With the average home value of $271,923.08, 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 Hendricks 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 Hendricks County

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