In 2024, there were 15 active reverse mortgage loans in Tioga County, Pennsylvania. The average home value in Tioga County is $258,454.80.

Click here to get a reverse Mortgage Quote in Tioga County, Pennsylvania

To avoid scams, make sure you are working with a licensed lender in Pennsylvania. South River Mortgage is a fully licensed lender in Pennsylvania. The PA 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 in PA, and our state license identifier is 94894.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Tioga County

Located in the northern region of Pennsylvania, Tioga County is known for its picturesque landscapes and rich history. With a population of approximately 41,000 residents, the county offers a peaceful and rural setting, making it an ideal place for those seeking a quiet and serene lifestyle. The area is known for its outdoor recreational opportunities, including hiking trails, fishing spots, and wildlife viewing areas. Tioga County has a deep historical legacy, with several historic sites and landmarks scattered throughout the region. The average home value in Tioga County is $258,454.80, with an average property tax of $4,772.80 and an average interest rate of 4.41%. For seniors looking to tap into their home equity, Tioga County offers opportunities for reverse mortgages, allowing older homeowners to access funds for supplemental income or other expenses while still residing in their homes. This financial option can be a useful tool for seniors looking to make the most of their property value in their retirement years.

Reverse Mortgage Loan Origination in Tioga County

Reverse Mortgage Home Values in Tioga County

Reverse Mortgage Interest Rates Tioga County

There are approximately 15 active reverse mortgage loans in Tioga County. The average interest rate in Tioga County is 6.9% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Tioga County was $252,500.00 in 2024.

Click here to get a Reverse Mortgage Quote in Tioga County, Pennsylvania »

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 Tioga County, PA

With the average home value of $252,500.00, 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 Tioga 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 Tioga County

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