In 2024, there were 133 active reverse mortgage loans in Cache County, Utah. The average home value in Cache County is $521,589.84.

Click here to get a reverse Mortgage Quote in Cache County, Utah

To avoid scams, make sure you are working with a licensed lender in Utah. South River Mortgage is a fully licensed lender in Utah. The UT state regulator requires mortgage lenders to be explicitly approved to make loans and hold a license. South River Mortgage proudly holds the Mortgage Entity License in UT, and our state license identifier is 12662524.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Cache County

Cache County is located in the state of Utah and is known for its scenic beauty and vibrant community. With a population of approximately 128,289 residents, Cache County enjoys a four-season climate with hot summers and cold, snowy winters. The area is renowned for its outdoor recreational opportunities, including hiking, skiing, and fishing, making it a popular destination for outdoor enthusiasts. Historically, Cache County was settled by Mormon pioneers in the mid-19th century and has since grown into a thriving agricultural and educational hub. The average home value in Cache County is $521,589.84, with an average property tax of $2014.90 and an average interest rate of 0.0417. For seniors looking to tap into their home equity, reverse mortgages can be a beneficial option. By leveraging the equity in their homes, seniors can access funds to supplement their retirement income or cover unexpected expenses, providing financial flexibility and security in their golden years.

Reverse Mortgage Loan Origination in Cache County

Reverse Mortgage Home Values in Cache County

Reverse Mortgage Interest Rates Cache County

There are approximately 133 active reverse mortgage loans in Cache County. The average interest rate in Cache County is 7.38% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Cache County was $461,086.96 in 2024.

Click here to get a Reverse Mortgage Quote in Cache County, Utah »

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 Cache County, UT

With the average home value of $461,086.96, 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 Cache 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 Cache County

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