In 2024, there were 32 active reverse mortgage loans in Idaho County, Idaho. The average home value in Idaho County is $473,890.06.

Click here to get a reverse Mortgage Quote in Idaho County, Idaho

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

Reverse Mortgage Loans in Idaho County

Located in the state of Idaho, Idaho County is known for its rich natural beauty and outdoor recreational opportunities. While the exact population of the county is not provided, it is home to stunning landscapes including the Nez Perce-Clearwater National Forests, the Salmon River, and the Hells Canyon National Recreation Area. With a diverse range of outdoor activities such as fishing, hunting, hiking, and rafting, Idaho County attracts nature enthusiasts and outdoor adventurers year-round. The average home value in Idaho County is $473,890.06, with an average property tax of $883.04 and an average interest rate of 0.0457. One option for seniors in Idaho County looking to utilize the equity in their homes is through a reverse mortgage. Reverse mortgages can provide senior homeowners with a way to supplement their income, access cash for expenses, or finance home improvements. With the average home value in Idaho County being relatively high, seniors may be able to benefit from the equity in their homes through a reverse mortgage, allowing them to enjoy their retirement years in financial comfort.

Reverse Mortgage Loan Origination in Idaho County

Reverse Mortgage Home Values in Idaho County

Reverse Mortgage Interest Rates Idaho County

There are approximately 32 active reverse mortgage loans in Idaho County. The average interest rate in Idaho County is 7.27% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Idaho County was $401,666.67 in 2024.

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

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 Idaho County, ID

With the average home value of $401,666.67, 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 Idaho 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 Idaho County

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