In 2024, there were 732 active reverse mortgage loans in Anne Arundel County, Maryland. The average home value in Anne Arundel County is $554,703.42.

Click here to get a reverse Mortgage Quote in Anne Arundel County, Maryland

To avoid scams, make sure you are working with a licensed lender in Maryland. South River Mortgage is a fully licensed lender in Maryland. The MD 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 MD, and our state license identifier is 1854525.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Anne Arundel County

Anne Arundel County is located in the state of Maryland and is home to a population of approximately 579,234 residents. Known for its proximity to the Chesapeake Bay and the state capital of Annapolis, Anne Arundel County offers a diverse mix of urban and suburban living. The county has a rich history dating back to the early colonial period, with notable landmarks such as the U.S. Naval Academy and the historic district of Annapolis. For seniors looking to unlock the equity in their homes, Anne Arundel County offers opportunities for reverse mortgages. With an average home value of $554,703.42, seniors can leverage their property to access funds for living expenses or other financial needs. With an average interest rate of 4.05% and property taxes averaging $3,884.85, seniors can make informed decisions about how to best utilize a reverse mortgage to support their retirement goals in this vibrant county.

Reverse Mortgage Loan Origination in Anne Arundel County

Reverse Mortgage Home Values in Anne Arundel County

Reverse Mortgage Interest Rates Anne Arundel County

There are approximately 732 active reverse mortgage loans in Anne Arundel County. The average interest rate in Anne Arundel County is 7.36% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Anne Arundel County was $412,058.82 in 2024.

Click here to get a Reverse Mortgage Quote in Anne Arundel County, Maryland »

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 Anne Arundel County, MD

With the average home value of $412,058.82, 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 Anne Arundel 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 Anne Arundel County

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