In 2024, there were 24 active reverse mortgage loans in Hoke County, North Carolina. The average home value in Hoke County is $267,840.13.

Click here to get a reverse Mortgage Quote in Hoke County, North Carolina

To avoid scams, make sure you are working with a licensed lender in North Carolina. South River Mortgage is a fully licensed lender in North Carolina. The NC state regulator requires mortgage lenders to be explicitly approved to make loans and hold a license. South River Mortgage proudly holds the Mortgage Lender License in NC, and our state license identifier is L-222260.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Hoke County

Hoke County is located in North Carolina and is known for its rich history and scenic landscapes. While the exact population is not known, the county is home to several communities and is known for its welcoming atmosphere and Southern charm. With an average home value of $267,840.125 and an average property tax of $1,218.7925, Hoke County offers affordable housing options for residents. Seniors in Hoke County looking to supplement their retirement income may consider exploring reverse mortgages. With an average interest rate of 0.04347083332999999, seniors can leverage the equity in their homes to access funds and meet their financial needs. This financial option can provide a valuable source of income for seniors looking to maintain their quality of life in Hoke County.

Reverse Mortgage Loan Origination in Hoke County

Reverse Mortgage Home Values in Hoke County

Reverse Mortgage Interest Rates Hoke County

There are approximately 24 active reverse mortgage loans in Hoke County. The average interest rate in Hoke County is 7.46% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Hoke County was $235,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Hoke County, North Carolina »

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 Hoke County, NC

With the average home value of $235,000.00, 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 Hoke 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 Hoke County

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