In 2024, there were 32 active reverse mortgage loans in Jerome County, Idaho. The average home value in Jerome County is $406,235.34.

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

Located in the southern part of Idaho, Jerome County is known for its picturesque landscapes and strong agricultural roots. While the exact population of Jerome County is not known, it is estimated to have a population of over 22,000 residents. The county experiences a semi-arid climate with hot summers and cold winters, making it an ideal location for farming and outdoor recreation. Jerome County holds historical significance as it was named after Jerome Hill, a developer of the North Side Canal which brought water to the region, contributing to its growth and prosperity. The average home value in Jerome County is 406,235.34, with an average property tax of 1745.29 and an average interest rate of 0.045. For seniors in Jerome County looking to leverage their home equity, a Reverse Mortgage could be a financial option worth exploring, allowing them to access funds while still living in their homes.

Reverse Mortgage Loan Origination in Jerome County

Reverse Mortgage Home Values in Jerome County

Reverse Mortgage Interest Rates Jerome County

There are approximately 32 active reverse mortgage loans in Jerome County. The average interest rate in Jerome County is 7.4% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Jerome County was $418,333.33 in 2024.

Click here to get a Reverse Mortgage Quote in Jerome 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 Jerome County, ID

With the average home value of $418,333.33, 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 Jerome 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 Jerome 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 »