Reverse Mortgage Lenders in Valencia County, New Mexico – 2025
In 2024, there were 68 active reverse mortgage loans in Valencia County, New Mexico. The average home value in Valencia County is $312,890.29.
Click here to get a reverse Mortgage Quote in Valencia County, New Mexico
To avoid scams, make sure you are working with a licensed lender in New Mexico. South River Mortgage is a fully licensed lender in New Mexico. The NM state regulator requires mortgage lenders to be explicitly approved to make loans and hold a license. South River Mortgage proudly holds the Mortgage Loan Company License in NM, and our state license identifier is 1854525. We also maintain active approval with HUD/FHA.
Reverse Mortgage Loans in Valencia County
Valencia County is located in the state of New Mexico and is home to a diverse population. The area is known for its beautiful landscapes, including the scenic Rio Grande Valley and the stunning Manzano Mountains. Valencia County enjoys a semi-arid climate with hot summers and mild winters, making it an attractive location for those who enjoy a mix of desert and mountain environments. With an average home value of $312,890.29 and an average property tax of $1,543.09, Valencia County offers homeowners a relatively affordable cost of living. Additionally, the average interest rate of 0.0397 is favorable for those looking to invest in property. For seniors in Valencia County, considering a reverse mortgage can be a valuable financial option to access the equity in their homes, allowing them to supplement income during retirement or cover unexpected expenses. This can be a helpful strategy for those looking to stay in their homes and maintain financial stability as they age.
Reverse Mortgage Loan Origination in Valencia County
Reverse Mortgage Home Values in Valencia County
Reverse Mortgage Interest Rates Valencia County
There are approximately 68 active reverse mortgage loans in Valencia County. The average interest rate in Valencia County is 7.71% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Valencia County was $387,500.00 in 2024.
Click here to get a Reverse Mortgage Quote in Valencia County, New Mexico »
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.
Valencia County, NM Facts – As of 2025 | |
Average property value (estimated) | $387,500.00 |
Average property taxes | $1,543.09 |
Average reverse mortgage interest rate | 7.71% |
Area median income | $86,500.00 |
Data Source: FFIEC HMDA Data
Jumbo Reverse Mortgage in Valencia County, NM
With the average home value of $387,500.00, 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 NM | 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 Valencia 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 Valencia County
You can now purchase a home with a reverse mortgage in {county}, NM. 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 »