Mesa is a city in Maricopa County located about 20 miles east of Phoenix. It is popular for its gorgeous views, desert landscape, and warm climate. It also has a rich history, diverse culture, and numerous destinations that attract visitors from all over the country, specifically retirees who want to enjoy the best retirement experience in Mesa.

It is known as one of the best places in the US to retire. Every year, many visitors, which some locals refer to as “snowbirds”, come to Mesa to escape colder places and experience a warmer climate. Mesa has a little something for everyone. It has beautiful sceneries and natural attractions for avid outdoorsmen, competitive sports for sports fans, and varied restaurants for foodies. Mesa even offers parks specially designed for seniors who prefer to spend their time in the city.

Regardless of your personal inclinations, however, you should really visit Mesa’s popular tourist attractions, such as the Superstition Mountains, Apache Trail, and Usery Mountain Regional Park. Moreover, even though the city is known for its naturally warm climate and desert attractions, visitors can also take enjoy the city’s nearby water recreation sites. There are three lakes and two rivers in the area that allow visitors to enjoy a variety of activities, such as boating, fishing, rafting, kayaking, water skiing, wake boarding, jet skiing, and tubing in the Salt and Verde Rivers.

Mesa is the 3^rd largest city in Arizona and the 35th largest city in the US. With a population of 527,666, the place is still growing at a rate of 1.80% annually. Its population has also increased by 20.19% since the most recent census in 2010, according to World Population Review. Out of the total population, around 79,239 are senior citizens. Moreover, a little over 60% of the homes in Mesa are owner-occupied. Thus, there may be quite a few senior citizens who can deal with a Mesa reverse mortgage lender.

The average home in Mesa is valued at $209,700. Moreover, homeowners withy traditional mortgages typically spend around $1,410 per month on ownership-related costs, such as mortgage payments, real property taxes, and homeowner’s insurance, according to the US Census Bureau. These homeowners can save quite a significant amount of money if they speak to a Mesa reverse mortgage lender about getting an HECM in lieu of their traditional mortgage. Considering the average home value in the area, many Mesa reverse mortgage borrowers do not even need to worry about the government-imposed lending limit that Mesa reverse mortgage lenders need to observe for HECM loans. Nevertheless, if you are fortunate enough to have a home that is above the current lending limit, then you might want to get a jumbo reverse mortgage instead in order to make the most out of your home equity. On the other hand, if you want to downsize your home for retirement, then perhaps the HECM for Purchase program is right for you.

Whatever reverse mortgage program you are most interested in, however, South River Mortgage can definitely help you get the best deal for your home so that you can live comfortably and securely throughout your retirement years.