In 2024, there were 1655 active reverse mortgage loans in Pima County, Arizona. The average home value in Pima County is $433,090.28.

Click here to get a reverse Mortgage Quote in Pima 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 Pima County

Pima County is located in the state of Arizona and is home to a population of over 1 million people. Known for its diverse landscapes ranging from the Sonoran Desert to the Santa Catalina Mountains, Pima County offers a mix of urban and natural environments. The county has a rich history, with Tucson, its largest city, being one of the oldest continually inhabited areas in the United States. Pima County is also known for its cultural heritage, with a strong influence from Native American, Hispanic, and Western pioneer traditions. For seniors looking to leverage their home equity, Pima County offers options for utilizing reverse mortgages. With an average home value of $433,090.28 and average property tax of $2,720.23, seniors may consider a reverse mortgage to tap into their home’s equity while continuing to live in their residence. With the average interest rate for such loans at 0.044%, seniors in Pima County can explore the benefits of reverse mortgages to supplement their retirement income or cover unexpected expenses.

Reverse Mortgage Loan Origination in Pima County

Reverse Mortgage Home Values in Pima County

Reverse Mortgage Interest Rates Pima County

There are approximately 1655 active reverse mortgage loans in Pima County. The average interest rate in Pima County is 7.34% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Pima County was $394,016.39 in 2024.

Click here to get a Reverse Mortgage Quote in Pima 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 Pima County, AZ

With the average home value of $394,016.39, 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 Pima 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 Pima 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 »