Reverse Mortgage Lenders in Scioto County, Ohio – 2025

Reverse Mortgage Lenders in Scioto County, Ohio – 2025

In 2024, there were 6 active reverse mortgage loans in Scioto County, Ohio. The average home value in Scioto County is $121,138.33.

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

Located in the southern region of the state of Ohio, Scioto County is home to a diverse population and varied landscapes. With a population of over 76,000 residents, the county enjoys a mix of urban and rural areas, offering a range of housing options to its residents. Known for its natural beauty, including the scenic Ohio River flowing through the region, Scioto County boasts a mild climate with warm summers and cool winters. In addition to its natural charms, Scioto County holds historical significance as part of the Underground Railroad network that helped enslaved individuals escape to freedom in the 19th century. With an average home value of $121,138.33, an average property tax of $1,344.22, and an average interest rate of 6.11%, seniors in Scioto County may find the option of reverse mortgages appealing. Reverse mortgages can provide older homeowners with financial flexibility by allowing them to access the equity in their homes, offering a way to supplement retirement income or cover unexpected expenses.

Reverse Mortgage Loan Origination in Scioto County

Reverse Mortgage Home Values in Scioto County

Reverse Mortgage Interest Rates Scioto County

There are approximately 6 active reverse mortgage loans in Scioto County. The average interest rate in Scioto County is 7.98% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Scioto County was $141,666.67 in 2024.

Click here to get a Reverse Mortgage Quote in Scioto 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.

Scioto County, OH Facts – As of 2025
Average property value (estimated) $141,666.67
Average property taxes $1,344.22
Average reverse mortgage interest rate 7.98%
Area median income $79,500.00

Data Source: FFIEC HMDA Data

Jumbo Reverse Mortgage in Scioto County, OH

With the average home value of $141,666.67, you may be wondering about the opportunities for jumbo loans.

 

HomeForLife HECM
Traditional Reverse Mortgage Yes Yes
Refinance Existing Reverse Mortgage with Another
(HECM to HECM)
Yes Yes
Purchase a Home with a Reverse Mortgage
(HECM for Purchase)
Yes Yes
Minimum Age for Eligibility in OH 55 62
Get Your Quote → Get Your Quote →

 

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 Scioto 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 Scioto 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 »