In 2024, there were 2 active reverse mortgage loans in Moore County, Tennessee. The average home value in Moore County is $194,475.00.

Click here to get a reverse Mortgage Quote in Moore 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 Moore County

Moore County, Tennessee, located in the central part of the state, is known for its charming rural landscapes and friendly community atmosphere. While the exact population of Moore County is not readily available, the area enjoys a pleasant climate with mild winters and warm summers. Historically, Moore County is most famous for being the home of the Jack Daniel’s Distillery, where the renowned Tennessee whiskey is produced. The average home value in Moore County is $194,475, with property taxes averaging $998.50 and an interest rate of 0.06315. For seniors looking to tap into their home equity and supplement their retirement income, a reverse mortgage could be a valuable financial option. By leveraging the equity in their homes, seniors in Moore County can access additional funds to support their retirement lifestyle while continuing to live in their homes.

Reverse Mortgage Loan Origination in Moore County

Reverse Mortgage Home Values in Moore County

Reverse Mortgage Interest Rates Moore County

There are approximately 2 active reverse mortgage loans in Moore County. The average interest rate in Moore County is 8.01% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Moore County was $265,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Moore 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 Moore County, TN

With the average home value of $265,000.00, 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 Moore 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 Moore 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 »