In 2024, there were 119 active reverse mortgage loans in Johnson County, Indiana. The average home value in Johnson County is $323,871.44.

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

Johnson County is located in the state of Indiana and is known for its picturesque landscapes, friendly communities, and rich history. With a population of approximately 155,700 residents, Johnson County offers a blend of rural charm and urban amenities. The county is situated in a temperate climate, with warm summers and mild winters, making it an attractive place to live for people of all ages. Historically, Johnson County has strong agricultural roots, and its economy has diversified over the years to include manufacturing and healthcare industries. Home to Franklin College, the county has a strong educational presence. The average home value in Johnson County is $323,871.437, with an average property tax of $2,301.532034 and an average interest rate of 0.04378571429. For seniors looking to supplement their retirement income, Johnson County offers opportunities for reverse mortgages, allowing homeowners aged 62 and older to access the equity in their homes to finance their living expenses.

Reverse Mortgage Loan Origination in Johnson County

Reverse Mortgage Home Values in Johnson County

Reverse Mortgage Interest Rates Johnson County

There are approximately 119 active reverse mortgage loans in Johnson County. The average interest rate in Johnson County is 7.74% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Johnson County was $307,727.27 in 2024.

Click here to get a Reverse Mortgage Quote in Johnson 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 Johnson County, IN

With the average home value of $307,727.27, 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 Johnson 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 Johnson 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 »