In 2024, there were 117 active reverse mortgage loans in Hood County, Texas. The average home value in Hood County is $441,963.17.

Click here to get a reverse Mortgage Quote in Hood County, Texas

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

Reverse Mortgage Loans in Hood County

Hood County is located in the state of Texas, known for its picturesque landscapes and vibrant community. With a population of approximately 51,182 residents, the county enjoys a mild climate, making it an ideal spot for outdoor enthusiasts and nature lovers. Hood County is home to the beautiful Lake Granbury, a popular destination for fishing, boating, and other water activities. Historically, Hood County has strong ties to the American frontier, having been established in 1866 and named after Confederate General John Bell Hood. The county’s rich history is reflected in its charming downtown area, filled with historic buildings and museums. For seniors looking to leverage their home equity, Hood County offers opportunities for reverse mortgages, with an average home value of $441,963.17, an average property tax of $1,727.65, and an average interest rate of 4.13%. Reverse mortgages can provide financial flexibility for seniors looking to supplement their income during retirement while remaining in their beloved homes in Hood County.

Reverse Mortgage Loan Origination in Hood County

Reverse Mortgage Home Values in Hood County

Reverse Mortgage Interest Rates Hood County

There are approximately 117 active reverse mortgage loans in Hood County. The average interest rate in Hood County is 7.38% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Hood County was $468,750.00 in 2024.

Click here to get a Reverse Mortgage Quote in Hood County, Texas »

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 Hood County, TX

With the average home value of $468,750.00, 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 Hood 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 Hood County

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