In 2024, there were 9 active reverse mortgage loans in Lauderdale County, Tennessee. The average home value in Lauderdale County is $199,522.89.

Click here to get a reverse Mortgage Quote in Lauderdale County, Tennessee

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

Reverse Mortgage Loans in Lauderdale County

Lauderdale County, situated in the state of Tennessee, is a charming area known for its rich history and small-town feel. While the exact population figures are not readily available, Lauderdale County boasts a moderate climate with warm summers and mild winters, making it an ideal place to call home for those who enjoy a balanced seasonal experience. With an average home value of $199,522.89, property owners in Lauderdale County benefit from relatively affordable housing opportunities. The average property tax of $1247.83 is also attractive for residents looking for a cost-effective living situation. Additionally, the county’s average interest rate of 0.04433333333 offers favorable financing options for prospective homebuyers. For seniors in Lauderdale County considering their financial options, a reverse mortgage could be a viable solution to tap into their home equity and supplement retirement income, allowing them to comfortably enjoy their golden years in this quaint and historically significant region.

Reverse Mortgage Loan Origination in Lauderdale County

Reverse Mortgage Home Values in Lauderdale County

Reverse Mortgage Interest Rates Lauderdale County

There are approximately 9 active reverse mortgage loans in Lauderdale County. The average interest rate in Lauderdale County is 7.92% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Lauderdale County was $125,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Lauderdale County, Tennessee »

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 Lauderdale County, TN

With the average home value of $125,000.00, 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 Lauderdale 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 Lauderdale County

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