In 2024, there were 288 active reverse mortgage loans in Martin County, Florida. The average home value in Martin County is $640,958.12.

Click here to get a reverse Mortgage Quote in Martin County, Florida

To avoid scams, make sure you are working with a licensed lender in Florida. South River Mortgage is a fully licensed lender in Florida. The FL state regulator requires mortgage lenders to be explicitly approved to make loans and hold a license. South River Mortgage proudly holds the Mortgage Lender License in FL, and our state license identifier is MLD2179.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Martin County

Located in the state of Florida, Martin County is home to a population of approximately 160,000 residents and is known for its beautiful beaches, outdoor recreational activities, and vibrant arts and culture scene. The county boasts a diverse ecosystem, with abundant wildlife and nature preserves, making it a popular destination for nature lovers and outdoor enthusiasts. Historically, Martin County played a significant role in the early development of Florida, with a rich history dating back to the 19th century when the area was home to Seminole Indians and European settlers. With an average home value of $640,958.12 and average property tax of $3,756.66, Martin County offers a desirable real estate market for homeowners and investors alike. For seniors looking to tap into their home equity, reverse mortgages can provide a financial solution to supplement retirement income. With an average interest rate of 4.67%, homeowners in Martin County may find reverse mortgages a viable option to access the equity in their homes while continuing to live in their residences.

Reverse Mortgage Loan Origination in Martin County

Reverse Mortgage Home Values in Martin County

Reverse Mortgage Interest Rates Martin County

There are approximately 288 active reverse mortgage loans in Martin County. The average interest rate in Martin County is 7.38% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Martin County was $581,034.48 in 2024.

Click here to get a Reverse Mortgage Quote in Martin County, Florida »

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 Martin County, FL

With the average home value of $581,034.48, 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 Martin 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 Martin County

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