In 2024, there were 64 active reverse mortgage loans in Pender County, North Carolina. The average home value in Pender County is $456,132.45.

Click here to get a reverse Mortgage Quote in Pender County, North Carolina

To avoid scams, make sure you are working with a licensed lender in North Carolina. South River Mortgage is a fully licensed lender in North Carolina. The NC 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 NC, and our state license identifier is L-222260.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Pender County

Pender County, located in the state of North Carolina, is a charming area with a population of around 63,000 residents. Known for its beautiful coastal landscape, Pender County offers a mix of rural and beachfront living, making it an appealing destination for those seeking a peaceful lifestyle. The county is rich in history, with notable landmarks such as the historic Burgaw Courthouse and the Poplar Grove Plantation, providing a glimpse into its past. Seniors looking to unlock the equity in their homes may be interested in reverse mortgages in Pender County. With an average home value of $456,132.45, seniors may find that a reverse mortgage can provide them with financial flexibility in retirement. Additionally, the county’s average property tax of $1,968.27 and average interest rate of 4.28% can also impact the decision-making process for seniors considering a reverse mortgage in Pender County.

Reverse Mortgage Loan Origination in Pender County

Reverse Mortgage Home Values in Pender County

Reverse Mortgage Interest Rates Pender County

There are approximately 64 active reverse mortgage loans in Pender County. The average interest rate in Pender County is 7.3% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Pender County was $379,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Pender County, North Carolina »

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 Pender County, NC

With the average home value of $379,000.00, 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 Pender 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 Pender County

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