In 2024, there were 291 active reverse mortgage loans in Josephine County, Oregon. The average home value in Josephine County is $477,165.31.

Click here to get a reverse Mortgage Quote in Josephine County, Oregon

To avoid scams, make sure you are working with a licensed lender in Oregon. South River Mortgage is a fully licensed lender in Oregon. The OR state regulator requires mortgage lenders to be explicitly approved to make loans and hold a license. South River Mortgage proudly holds the Mortgage Lending License in OR, and our state license identifier is 1854525.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Josephine County

Located in the state of Oregon, Josephine County is known for its stunning natural beauty, with a population of approximately 84,745 residents. The county boasts a diverse landscape, from the rugged Siskiyou Mountains to the scenic Rogue River, making it a popular destination for outdoor enthusiasts and nature lovers. Josephine County has a rich history, originally inhabited by various Native American tribes before European settlers arrived in the mid-19th century during the Oregon Gold Rush. With an average home value of $477,165.31 and an average property tax of $2,724.46, Josephine County offers an attractive housing market for residents. Additionally, with an average interest rate of 0.0413, seniors in Josephine County may find reverse mortgages to be a valuable financial tool. Reverse mortgages can provide seniors with the ability to access the equity in their homes, offering financial flexibility during retirement years. This option can be particularly beneficial for seniors looking to supplement their income or cover unexpected expenses.

Reverse Mortgage Loan Origination in Josephine County

Reverse Mortgage Home Values in Josephine County

Reverse Mortgage Interest Rates Josephine County

There are approximately 291 active reverse mortgage loans in Josephine County. The average interest rate in Josephine County is 7.06% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Josephine County was $449,848.48 in 2024.

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

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 Josephine County, OR

With the average home value of $449,848.48, 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 Josephine 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 Josephine County

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