In 2024, there were 64 active reverse mortgage loans in Kittitas County, Washington. The average home value in Kittitas County is $604,402.44.

Click here to get a reverse Mortgage Quote in Kittitas County, Washington

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

Reverse Mortgage Loans in Kittitas County

Kittitas County is located in Washington state and is home to a vibrant community set against a backdrop of picturesque landscapes. While the exact population of Kittitas County is not provided, the area is known for its diverse outdoor recreational opportunities, including hiking, camping, and fishing. The county’s mild climate, characterized by warm summers and cold winters, makes it an attractive destination for outdoor enthusiasts. With an average home value of $604,402.44, Kittitas County offers a range of housing options for residents. The average property tax in the county is $2,882.23, while the average interest rate is 0.0443. Seniors in Kittitas County may consider exploring reverse mortgages as a financial option, leveraging the equity in their homes to supplement their retirement income. This can be a viable solution for seniors looking to enhance their financial stability in their golden years.

Reverse Mortgage Loan Origination in Kittitas County

Reverse Mortgage Home Values in Kittitas County

Reverse Mortgage Interest Rates Kittitas County

There are approximately 64 active reverse mortgage loans in Kittitas County. The average interest rate in Kittitas County is 7.41% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Kittitas County was $695,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Kittitas County, Washington »

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 Kittitas County, WA

With the average home value of $695,000.00, 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 Kittitas 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 Kittitas County

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