In 2024, there were 25 active reverse mortgage loans in Perquimans County, North Carolina. The average home value in Perquimans County is $318,627.80.

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

Perquimans County, located in North Carolina, is a charming and historical area known for its rich cultural heritage and scenic landscapes. With a population of approximately 13,453 residents, the county enjoys a mild climate, making it an attractive destination for those seeking a peaceful and close-knit community. Perquimans County holds significant historical importance, as it was one of the original counties established in North Carolina in 1668. The area is known for its well-preserved historical sites, including the Newbold-White House, one of the oldest surviving homes in the state. Seniors looking to unlock the equity in their homes may consider a reverse mortgage, especially in a county where the average home value is $318,627.8. With an average interest rate of 0.041136 and property taxes averaging $1,221.096, a reverse mortgage could provide financial flexibility for those looking to supplement their income in retirement.

Reverse Mortgage Loan Origination in Perquimans County

Reverse Mortgage Home Values in Perquimans County

Reverse Mortgage Interest Rates Perquimans County

There are approximately 25 active reverse mortgage loans in Perquimans County. The average interest rate in Perquimans County is 7.2% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Perquimans County was $225,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Perquimans 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 Perquimans County, NC

With the average home value of $225,000.00, 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 Perquimans 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 Perquimans 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 »