In 2024, there were 69 active reverse mortgage loans in Santa Cruz County, Arizona. The average home value in Santa Cruz County is $414,551.75.

Click here to get a reverse Mortgage Quote in Santa Cruz County, Arizona

To avoid scams, make sure you are working with a licensed lender in Arizona. South River Mortgage is a fully licensed lender in Arizona. The AZ state regulator requires mortgage lenders to be explicitly approved to make loans and hold a license. South River Mortgage proudly holds the Mortgage Banker License in AZ, and our state license identifier is 1031338.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Santa Cruz County

Located in the state of Arizona, Santa Cruz County is a vibrant and culturally rich area with a population of approximately 46,000 residents. Known for its stunning natural landscapes, including the iconic Santa Rita Mountains and the lush San Rafael Valley, the county boasts a diverse range of outdoor recreational activities such as hiking, bird watching, and wine tasting in the renowned Sonoita Vineyards. Santa Cruz County is also steeped in history, with landmarks such as the Tubac Presidio State Historic Park, offering a glimpse into its Spanish colonial past. For seniors looking to tap into their home equity, Santa Cruz County’s average home value of $414,551.75 and average property tax of $2,889.68 make it an attractive option for exploring reverse mortgages. With the average interest rate currently at 0.0431, seniors can leverage their home’s equity to access funds that can help support their retirement lifestyle, cover healthcare expenses, or finance home renovations. Reverse mortgages can provide seniors in Santa Cruz County with financial flexibility and security as they enjoy the beauty and history of this unique Arizona region.

Reverse Mortgage Loan Origination in Santa Cruz County

Reverse Mortgage Home Values in Santa Cruz County

Reverse Mortgage Interest Rates Santa Cruz County

There are approximately 69 active reverse mortgage loans in Santa Cruz County. The average interest rate in Santa Cruz County is 7.23% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Santa Cruz County was $421,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Santa Cruz County, Arizona »

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 Santa Cruz County, AZ

With the average home value of $421,000.00, 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 Santa Cruz 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 Santa Cruz County

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