In 2024, there were 7 active reverse mortgage loans in Perry County, Indiana. The average home value in Perry County is $192,820.43.

Click here to get a reverse Mortgage Quote in Perry County, Indiana

To avoid scams, make sure you are working with a licensed lender in Indiana. South River Mortgage is a fully licensed lender in Indiana. The IN state regulator requires mortgage lenders to be explicitly approved to make loans and hold a license. South River Mortgage proudly holds the Department of Financial Institutions, Mortgage Lending License in IN, and our state license identifier is 62995.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Perry County

Perry County is located in the state of Indiana and has a population of approximately 19,890 residents. Known for its picturesque landscapes and rich agricultural heritage, Perry County offers a tranquil setting for its inhabitants. With a moderate climate, residents enjoy all four seasons, making it an ideal place to call home for those who appreciate nature and a close-knit community. Historically, Perry County played a significant role in the Civil War, being the site of several skirmishes and military engagements. The county is also celebrated for its unique cultural festivals and events that showcase its music, arts, and culinary traditions. For seniors looking to unlock the equity in their homes, Perry County’s average home value of 192820.4286, along with an average property tax of 822.2285714 and an average interest rate of 0.04698571429, can make a reverse mortgage a viable option to supplement retirement income and maintain financial stability in the later years.

Reverse Mortgage Loan Origination in Perry County

Reverse Mortgage Home Values in Perry County

Reverse Mortgage Interest Rates Perry County

There are approximately 7 active reverse mortgage loans in Perry County. The average interest rate in Perry County is 7.49% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Perry County was $205,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Perry County, Indiana »

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 Perry County, IN

With the average home value of $205,000.00, 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 Perry 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 Perry County

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