In 2024, there were 19 active reverse mortgage loans in Logan County, Ohio. The average home value in Logan County is $236,478.00.

Click here to get a reverse Mortgage Quote in Logan County, Ohio

To avoid scams, make sure you are working with a licensed lender in Ohio. South River Mortgage is a fully licensed lender in Ohio. The OH state regulator requires mortgage lenders to be explicitly approved to make loans and hold a license. South River Mortgage proudly holds the Residential Mortgage Lending Act Certificate of Registration in OH, and our state license identifier is RM.804642.001.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Logan County

Located in the state of Ohio, Logan County is home to a diverse population and a moderate climate with all four seasons. The county is known for its rich agricultural heritage, as well as its scenic parks and outdoor recreational opportunities. Historical notes include the fact that Logan County was named after a prominent Indian chief and was officially established in 1817. With an average home value of $236,478.0 and property taxes averaging $1,655.34, Logan County offers a favorable real estate market for potential home buyers. Seniors in the county may find reverse mortgages to be a beneficial option, allowing them to convert part of their home equity into cash without having to sell their home. With an average interest rate of 0.0574, seniors in Logan County can explore various financial solutions to support their retirement needs.

Reverse Mortgage Loan Origination in Logan County

Reverse Mortgage Home Values in Logan County

Reverse Mortgage Interest Rates Logan County

There are approximately 19 active reverse mortgage loans in Logan County. The average interest rate in Logan County is 7.65% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Logan County was $297,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Logan County, Ohio »

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 Logan County, OH

With the average home value of $297,000.00, 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 Logan 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 Logan County

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