Reverse Mortgage Lenders in Huron County, Ohio – 2025

Reverse Mortgage Lenders in Huron County, Ohio – 2025

In 2024, there were 21 active reverse mortgage loans in Huron County, Ohio. The average home value in Huron County is $169,979.90.

Click here to get a reverse Mortgage Quote in Huron 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 Huron County

Located in the state of Ohio, Huron County is a charming area known for its rich history and scenic landscapes. With a population of approximately 58,028 residents, the county enjoys a moderate climate with four distinct seasons, making it an attractive place to call home. One of the county’s notable features is its agricultural heritage, with a strong focus on farming and agriculture-related industries. From historical sites like the Firelands Museum to the beautiful shores of Lake Erie, Huron County offers a mix of natural beauty and cultural heritage. The average home value in the county is around $169,979.90, with an average property tax of $1,677.84 and an average interest rate of 4.49%. For seniors looking to tap into their home equity, reverse mortgages can be a valuable financial tool to supplement retirement income. Considering the county’s average home value and property tax rates, seniors in Huron County may find reverse mortgages to be a practical option for accessing additional funds while remaining in their homes.

Reverse Mortgage Loan Origination in Huron County

Reverse Mortgage Home Values in Huron County

Reverse Mortgage Interest Rates Huron County

There are approximately 21 active reverse mortgage loans in Huron County. The average interest rate in Huron County is 3.94% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Huron County was $175,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Huron 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.

Huron County, OH Facts – As of 2025
Average property value (estimated) $175,000.00
Average property taxes $1,677.84
Average reverse mortgage interest rate 3.94%
Area median income $79,500.00

Data Source: FFIEC HMDA Data

Jumbo Reverse Mortgage in Huron County, OH

With the average home value of $175,000.00, 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 Huron 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 Huron 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 »