Reverse Mortgage Lenders in Henry County, Ohio – 2025

Reverse Mortgage Lenders in Henry County, Ohio – 2025

In 2024, there were 4 active reverse mortgage loans in Henry County, Ohio. The average home value in Henry County is $238,821.75.

Click here to get a reverse Mortgage Quote in Henry County, Ohio

To avoid scams, make sure you are working with a licensed lender in Ohio. South River Mortgage is a fully licensed lender in Ohio. The OH state regulator requires mortgage lenders to be explicitly approved to make loans and hold a license. South River Mortgage proudly holds the Residential Mortgage Lending Act Certificate of Registration in OH, and our state license identifier is RM.804642.001.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Henry County

Located in the state of Ohio, Henry County is a rural area known for its peaceful countryside and small-town charm. While the exact population is not provided, the county is known for its friendly community atmosphere and proximity to outdoor recreational activities. Henry County has a rich history, dating back to its establishment in the early 19th century. The area is known for its agricultural heritage, with farms that have been passed down through generations. The average home value in Henry County is $238,821.75, with an average property tax of $2,088.27 and an average interest rate of 4.34%. For seniors looking to supplement their income or access the equity in their homes, reverse mortgages could be a viable option in Henry County. This financial tool allows homeowners aged 62 and older to convert part of their home equity into cash, providing a source of funds for retirement or other expenses.

Reverse Mortgage Loan Origination in Henry County

Reverse Mortgage Home Values in Henry County

Reverse Mortgage Interest Rates Henry County

There are approximately 4 active reverse mortgage loans in Henry County. The average interest rate in Henry County is 7.85% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Henry County was $225,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Henry County, Ohio »

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.

Henry County, OH Facts – As of 2025
Average property value (estimated) $225,000.00
Average property taxes $2,088.27
Average reverse mortgage interest rate 7.85%
Area median income $79,500.00

Data Source: FFIEC HMDA Data

Jumbo Reverse Mortgage in Henry County, OH

With the average home value of $225,000.00, you may be wondering about the opportunities for jumbo loans.

 

HomeForLife HECM
Traditional Reverse Mortgage Yes Yes
Refinance Existing Reverse Mortgage with Another
(HECM to HECM)
Yes Yes
Purchase a Home with a Reverse Mortgage
(HECM for Purchase)
Yes Yes
Minimum Age for Eligibility in OH 55 62
Get Your Quote → Get Your Quote →

 

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 Henry 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 Henry County

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