In 2024, there were 60 active reverse mortgage loans in Richmond County, Georgia. The average home value in Richmond County is $176,506.03.

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

Richmond County, located in the state of Georgia, is a vibrant area known for its rich history and charming Southern charm. With a population of approximately 202,518 residents, this county enjoys a mild climate characterized by warm summers and mild winters, making it an attractive place to call home. Richmond County is famous for being the home of Augusta, a city renowned for its prestigious Augusta National Golf Club, which hosts the Masters Tournament every year. Historically, Richmond County has deep roots in the Civil War era, with numerous sites and landmarks that reflect its significant role during that period. For seniors looking to unlock the value of their homes, Richmond County offers various options, including reverse mortgages. With an average home value of $176,506.03, an average property tax of $954.73, and an average interest rate of 4.36%, seniors can leverage the equity in their homes to supplement their retirement income through reverse mortgages, allowing them to enjoy their golden years in comfort and financial security.

Reverse Mortgage Loan Origination in Richmond County

Reverse Mortgage Home Values in Richmond County

Reverse Mortgage Interest Rates Richmond County

There are approximately 60 active reverse mortgage loans in Richmond County. The average interest rate in Richmond County is 7.66% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Richmond County was $201,842.11 in 2024.

Click here to get a Reverse Mortgage Quote in Richmond 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 Richmond County, GA

With the average home value of $201,842.11, 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 Richmond 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 Richmond 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 »