In 2024, there were 715 active reverse mortgage loans in Kern County, California. The average home value in Kern County is $375,994.90.

Click here to get a reverse Mortgage Quote in Kern County, California

To avoid scams, make sure you are working with a licensed lender in California. South River Mortgage is a fully licensed lender in California. The CA state regulator requires mortgage lenders to be explicitly approved to make loans and hold a license. South River Mortgage proudly holds the California Financing Law License in CA, and our state license identifier is 60DBO-103862.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Kern County

Kern County, located in California, is home to a diverse population and boasts a wide range of climates, from the arid desert landscapes of the Mojave to the mountainous terrain of the Sierra Nevada. With a population of over 900,000 residents, Kern County is known for its agricultural industry, particularly in oil production and farming. Historically, Kern County played a significant role during the California Gold Rush and was a key transportation hub for the state’s early development. For seniors looking to utilize the equity in their Kern County homes, reverse mortgages can be a valuable financial tool. With an average home value of $375,994.90 and an average property tax of $3,013.08, seniors can leverage their home equity while continuing to live in their homes without monthly mortgage payments. Combined with the current average interest rate of 4.22%, reverse mortgages offer a flexible option for seniors seeking financial stability in retirement.

Reverse Mortgage Loan Origination in Kern County

Reverse Mortgage Home Values in Kern County

Reverse Mortgage Interest Rates Kern County

There are approximately 715 active reverse mortgage loans in Kern County. The average interest rate in Kern County is 7.35% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Kern County was $370,647.06 in 2024.

Click here to get a Reverse Mortgage Quote in Kern County, California »

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 Kern County, CA

With the average home value of $370,647.06, 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 Kern 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 Kern County

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