In 2024, there were 27 active reverse mortgage loans in Lincoln County, New Mexico. The average home value in Lincoln County is $451,275.37.

Click here to get a reverse Mortgage Quote in Lincoln County, New Mexico

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

Reverse Mortgage Loans in Lincoln County

Lincoln County is located in the state of New Mexico and is known for its scenic beauty and rich history. While the exact population figures are not provided, the county is home to several charming towns such as Ruidoso and Capitan, offering a peaceful and picturesque escape for residents and visitors alike. Lincoln County is famous for its outdoor recreational activities, including hiking, fishing, and skiing in the nearby mountains. With an average home value of $451,275.37 and an average property tax of $2,142.47, Lincoln County offers a desirable real estate market for prospective homeowners. Seniors in the area may also benefit from considering reverse mortgages as a financial option, especially with the current average interest rate of 4.79%. Additionally, the county has historical significance as the location of the Lincoln County War in the late 19th century, a conflict that involved notable figures such as Billy the Kid.

Reverse Mortgage Loan Origination in Lincoln County

Reverse Mortgage Home Values in Lincoln County

Reverse Mortgage Interest Rates Lincoln County

There are approximately 27 active reverse mortgage loans in Lincoln County. The average interest rate in Lincoln County is 6.72% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Lincoln County was $407,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Lincoln County, New Mexico »

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 Lincoln County, NM

With the average home value of $407,000.00, 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 Lincoln 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 Lincoln County

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