In 2024, there were 20 active reverse mortgage loans in Putnam County, Georgia. The average home value in Putnam County is $608,950.55.

Click here to get a reverse Mortgage Quote in Putnam County, Georgia

To avoid scams, make sure you are working with a licensed lender in Georgia. South River Mortgage is a fully licensed lender in Georgia. The GA 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/Registration in GA, and our state license identifier is 1854525.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Putnam County

Putnam County is located in the state of Georgia. With a population of approximately 22,119 residents, the county boasts a serene rural setting and a mild climate, making it an ideal location for those seeking a peaceful lifestyle. Known for its beautiful natural landscapes, including Lake Sinclair and Oconee National Forest, Putnam County offers outdoor recreational activities year-round. On the historical front, Putnam County has a rich heritage dating back to its founding in 1807. The county is home to several historic landmarks, such as the Old Clinton Historic District and the Rock Eagle Effigy Mound. For seniors looking to tap into their home equity, Putnam County’s average home value of $608,950.55, combined with an average property tax of $1,494.37 and an average interest rate of 0.04128, may make it an attractive option for utilizing a reverse mortgage to supplement retirement income. Reverse mortgages can be a valuable tool for seniors to access their home equity without the need to sell their property, providing financial flexibility in their golden years.

Reverse Mortgage Loan Origination in Putnam County

Reverse Mortgage Home Values in Putnam County

Reverse Mortgage Interest Rates Putnam County

There are approximately 20 active reverse mortgage loans in Putnam County. The average interest rate in Putnam County is 8.51% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Putnam County was $923,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Putnam County, Georgia »

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 Putnam County, GA

With the average home value of $923,000.00, 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 Putnam 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 Putnam County

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