In 2024, there were 13 active reverse mortgage loans in Jackson County, Indiana. The average home value in Jackson County is $224,567.15.

Click here to get a reverse Mortgage Quote in Jackson County, Indiana

To avoid scams, make sure you are working with a licensed lender in Indiana. South River Mortgage is a fully licensed lender in Indiana. The IN state regulator requires mortgage lenders to be explicitly approved to make loans and hold a license. South River Mortgage proudly holds the Department of Financial Institutions, Mortgage Lending License in IN, and our state license identifier is 62995.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Jackson County

Jackson County, located in the state of Indiana, is a vibrant and picturesque area known for its rich history and natural beauty. With a population of approximately 44,000 residents, the county enjoys a moderate climate perfect for outdoor activities such as hiking, fishing, and enjoying the quaint small-town atmosphere. Jackson County is also known for its historic sites, including the famous Medora Covered Bridge, which dates back to the 1870s and is a popular tourist destination. The average home value in Jackson County is $224,567.15, with an average property tax of $743.51 and an average interest rate of 0.0467. For seniors looking to supplement their retirement income, a reverse mortgage may be a viable option in Jackson County. With its stable housing market and picturesque surroundings, seniors can leverage the equity in their homes to access additional funds for living expenses or other financial needs. Reverse mortgages can provide financial flexibility and peace of mind for seniors in Jackson County looking to enjoy their golden years to the fullest.

Reverse Mortgage Loan Origination in Jackson County

Reverse Mortgage Home Values in Jackson County

Reverse Mortgage Interest Rates Jackson County

There are approximately 13 active reverse mortgage loans in Jackson County. The average interest rate in Jackson County is 7.9% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Jackson County was $205,000.00 in 2024.

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

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 Jackson County, IN

With the average home value of $205,000.00, 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 Jackson 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 Jackson County

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