In 2024, there were 64 active reverse mortgage loans in Houston County, Alabama. The average home value in Houston County is $224,196.25.

Click here to get a reverse Mortgage Quote in Houston County, Alabama

To avoid scams, make sure you are working with a licensed lender in Alabama. South River Mortgage is a fully licensed lender in Alabama. The AL state regulator requires mortgage lenders to be explicitly approved to make loans and hold a license. South River Mortgage proudly holds the Consumer Credit License in AL, and our state license identifier is 23178.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Houston County

Houston County is located in the state of Alabama and is home to a population of approximately 106,580 residents. Known for its rich history and Southern charm, the county boasts a diverse community and a thriving economy. With a strong agricultural presence and a variety of outdoor recreational opportunities, Houston County offers a high quality of life for its residents. The average home value in Houston County is $224,196.25, with property taxes averaging $589.66 and an average interest rate of 3.65%. For seniors looking to tap into their home equity, reverse mortgages can be a valuable financial tool. By converting a portion of their home equity into cash, seniors can supplement their income, cover healthcare expenses, or simply enjoy their retirement years without the burden of monthly mortgage payments. Reverse mortgages provide a flexible and secure option for seniors to access the equity they have built in their homes.

Reverse Mortgage Loan Origination in Houston County

Reverse Mortgage Home Values in Houston County

Reverse Mortgage Interest Rates Houston County

There are approximately 64 active reverse mortgage loans in Houston County. The average interest rate in Houston County is 7.64% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Houston County was $265,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Houston County, Alabama »

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 Houston County, AL

With the average home value of $265,000.00, 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 Houston 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 Houston County

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