In 2024, there were 1242 active reverse mortgage loans in Utah County, Utah. The average home value in Utah County is $641,089.11.

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

Utah County, located in the state of Utah, is known for its picturesque landscapes, vibrant communities, and strong economy. With a population of approximately 651,000 residents, the county enjoys a diverse and growing population. Utah County is renowned for its outdoor recreation opportunities, including hiking, skiing, and fishing, as well as its thriving tech industry centered around companies like Adobe and Qualtrics. Historically, Utah County played a significant role in the settlement of the western United States by pioneers of the Church of Jesus Christ of Latter-day Saints. The area is home to numerous historic sites and landmarks that showcase its pioneering past. For seniors in Utah County, the option of a reverse mortgage can provide financial flexibility and peace of mind. With an average home value of $641,089.11, and an average property tax rate of $2,524.21, seniors may leverage their home equity through a reverse mortgage to access funds for living expenses, home renovations, or other needs, while continuing to live in their beloved community. Moreover, with the average interest rate of 0.0414, a reverse mortgage can offer a valuable financial tool for seniors looking to enhance their retirement years in Utah County.

Reverse Mortgage Loan Origination in Utah County

Reverse Mortgage Home Values in Utah County

Reverse Mortgage Interest Rates Utah County

There are approximately 1242 active reverse mortgage loans in Utah County. The average interest rate in Utah County is 7.48% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Utah County was $671,546.76 in 2024.

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

With the average home value of $671,546.76, 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 Utah 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 Utah 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 »