In 2024, there were 23 active reverse mortgage loans in Owyhee County, Idaho. The average home value in Owyhee County is $433,769.87.

Click here to get a reverse Mortgage Quote in Owyhee County, Idaho

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

Reverse Mortgage Loans in Owyhee County

Owyhee County, located in the state of Idaho, is known for its rugged beauty and wide open spaces. With a population of approximately 12,000 residents, the county offers a serene and peaceful environment for those seeking a slower pace of life. The area is known for its outdoor recreational opportunities, including hiking, fishing, and hunting, as well as its rich agricultural heritage. Historically, Owyhee County was named after the native American word for “Hawaii”, reflecting the early presence of Hawaiian fur trappers in the area. Today, the county boasts a mix of small towns and rural communities, each with its own unique charm. The average home value in Owyhee County is $433,769.87, with an average property tax of $1,905.65 and an average interest rate of 4.02%. For seniors looking to tap into their home equity, a reverse mortgage could be a beneficial option, allowing them to access funds while still maintaining ownership of their home.

Reverse Mortgage Loan Origination in Owyhee County

Reverse Mortgage Home Values in Owyhee County

Reverse Mortgage Interest Rates Owyhee County

There are approximately 23 active reverse mortgage loans in Owyhee County. The average interest rate in Owyhee County is 7.61% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Owyhee County was $365,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Owyhee County, Idaho »

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 Owyhee County, ID

With the average home value of $365,000.00, 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 Owyhee 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 Owyhee County

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