In 2024, there were 42 active reverse mortgage loans in Pickaway County, Ohio. The average home value in Pickaway County is $318,341.17.

Click here to get a reverse Mortgage Quote in Pickaway County, Ohio

To avoid scams, make sure you are working with a licensed lender in Ohio. South River Mortgage is a fully licensed lender in Ohio. The OH state regulator requires mortgage lenders to be explicitly approved to make loans and hold a license. South River Mortgage proudly holds the Residential Mortgage Lending Act Certificate of Registration in OH, and our state license identifier is RM.804642.001.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Pickaway County

Pickaway County, located in Ohio, has a population of approximately 58,230 residents and boasts a pleasant climate with all four distinct seasons. The area is known for its strong sense of community, agricultural heritage, and outdoor recreational opportunities. With a rich history dating back to its establishment in the early 1800s, Pickaway County holds historical significance as a key player in the Underground Railroad, providing a safe haven for escaped slaves seeking freedom. As the average home value in Pickaway County stands at $318,341.17, and the average property tax is $2,858.59, many seniors in the area may consider leveraging their home equity through reverse mortgages. With an average interest rate of 4.03%, seniors looking to supplement their income or cover unexpected expenses can explore the option of reverse mortgages, allowing them to convert a portion of their home’s equity into cash without having to move or make monthly mortgage payments. This financial tool can provide seniors in Pickaway County with added financial security and flexibility in their retirement years.

Reverse Mortgage Loan Origination in Pickaway County

Reverse Mortgage Home Values in Pickaway County

Reverse Mortgage Interest Rates Pickaway County

There are approximately 42 active reverse mortgage loans in Pickaway County. The average interest rate in Pickaway County is 6.83% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Pickaway County was $386,666.67 in 2024.

Click here to get a Reverse Mortgage Quote in Pickaway County, Ohio »

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 Pickaway County, OH

With the average home value of $386,666.67, 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 Pickaway 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 Pickaway County

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