In 2024, there were 7 active reverse mortgage loans in Jackson Parish, Louisiana. The average home value in Jackson Parish is $185,513.14.

Click here to get a reverse Mortgage Quote in Jackson Parish, Louisiana

To avoid scams, make sure you are working with a licensed lender in Louisiana. South River Mortgage is a fully licensed lender in Louisiana. The LA 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 License in LA, and our state license identifier is 1854525.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Jackson Parish

Located in the state of Louisiana, Jackson Parish is known for its picturesque landscapes and rich cultural heritage. With a population of approximately 15,670 residents, the area enjoys a mild climate, making it an ideal place to call home. Jackson Parish is renowned for its outdoor recreational opportunities, including fishing, hunting, and hiking, attracting nature enthusiasts from far and wide. Historically, Jackson Parish played a significant role in Louisiana’s timber industry, which contributed to its economic growth and development. The county is home to several historical landmarks and sites, such as the Jonesboro-Hodge High School, which holds a special place in the hearts of the local community. For seniors looking to enhance their retirement years, exploring options like reverse mortgages can provide financial flexibility by utilizing the equity in their homes. With an average home value of $185,513.14, an average property tax of $1,140.29, and an average interest rate of 3.55%, seniors in Jackson Parish can consider the benefits of a reverse mortgage to support their retirement living expenses.

Reverse Mortgage Loan Origination in Jackson Parish

Reverse Mortgage Home Values in Jackson Parish

Reverse Mortgage Interest Rates Jackson Parish

There are approximately 7 active reverse mortgage loans in Jackson Parish. The average interest rate in Jackson Parish is 7.96% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Jackson Parish was $155,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Jackson Parish, Louisiana »

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 Parish, LA

With the average home value of $155,000.00, 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 Parish

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 Parish

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