In 2024, there were 26 active reverse mortgage loans in Washington County, Idaho. The average home value in Washington County is $329,933.27.

Click here to get a reverse Mortgage Quote in Washington County, Idaho

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

Reverse Mortgage Loans in Washington County

Washington County, located in the state of Idaho, is home to a population of approximately 10,000 residents. Known for its beautiful rural landscapes and friendly community atmosphere, this county offers a peaceful and serene living environment. The area is rich in agricultural history, with farming and livestock playing a significant role in the local economy. Additionally, Washington County boasts a moderate climate with all four seasons, making it a desirable place to call home for many. For seniors looking to tap into the equity of their homes, Washington County offers opportunities for reverse mortgages. With an average home value of $329,933.27, eligible seniors can leverage their home equity to access funds for various purposes, such as home improvements, healthcare expenses, or supplementing retirement income. The county’s average property tax rate is $895.87, and with an average interest rate of 3.99%, seniors can explore the benefits of reverse mortgages as a financial planning tool in their retirement years.

Reverse Mortgage Loan Origination in Washington County

Reverse Mortgage Home Values in Washington County

Reverse Mortgage Interest Rates Washington County

There are approximately 26 active reverse mortgage loans in Washington County. The average interest rate in Washington County is 8.12% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Washington County was $382,500.00 in 2024.

Click here to get a Reverse Mortgage Quote in Washington County, Idaho »

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 Washington County, ID

With the average home value of $382,500.00, 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 Washington 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 Washington County

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