In 2024, there were 4 active reverse mortgage loans in Refugio County, Texas. The average home value in Refugio County is $175,777.75.

Click here to get a reverse Mortgage Quote in Refugio County, Texas

To avoid scams, make sure you are working with a licensed lender in Texas. South River Mortgage is a fully licensed lender in Texas. The TX state regulator requires mortgage lenders to be explicitly approved to make loans and hold a license. South River Mortgage proudly holds the Department of Savings and Mortgage Lending Mortgage Company License in TX, and our state license identifier is 1854525.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Refugio County

Refugio County is a charming county located in the state of Texas. While the population figure is not readily available, the area is known for its rich history and picturesque landscapes. Established in 1836, Refugio County holds a significant place in Texas history, particularly for its role in the fight for Texas independence. The county is also known for its vibrant community and welcoming atmosphere. For seniors looking to tap into the equity of their homes in Refugio County, considering a reverse mortgage could be a viable option. With an average home value of $175,777.75, and property taxes averaging at $2,298.745, a reverse mortgage could provide financial flexibility for seniors looking to supplement their retirement income. With the current average interest rate of 0.052875, seniors can explore the option of a reverse mortgage to access the equity they have built in their homes over the years.

Reverse Mortgage Loan Origination in Refugio County

Reverse Mortgage Home Values in Refugio County

Reverse Mortgage Interest Rates Refugio County

There are approximately 4 active reverse mortgage loans in Refugio County. The average interest rate in Refugio County is 8.03% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Refugio County was $195,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Refugio County, Texas »

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 Refugio County, TX

With the average home value of $195,000.00, 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 Refugio 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 Refugio County

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