A local CRMP specialist for Scottsdale and the North Valley. David Rider helps homeowners 55+ turn decades of home equity into retirement security, with honest guidance and a face you can meet in person.
Scottsdale is one of the most sought-after places to retire in the country, and the numbers show why. Roughly 26% of Scottsdale residents are 65 or older, far above the national average, and many of them have owned their homes for decades. With Scottsdale's median sale price in the mid-$800,000s, and a great many homes worth well into seven figures, a lot of local homeowners are sitting on substantial equity they've spent years building. The question is how to put that equity to work without selling the home or taking on a payment they would rather avoid in retirement.
That's exactly what David Rider focuses on, and it's all he does. As a Certified Reverse Mortgage Professional (CRMP), the highest credential in the industry and one held by only a small fraction of loan officers nationwide, David gives Scottsdale homeowners 55 and older local, no-pressure guidance on whether a reverse mortgage fits their plan. You're not calling a 1-800 number and getting a different voice each time. You're working with a named local expert who knows the North Valley, can meet you in person, and stays accountable long after closing.
Whether you're in McCormick Ranch, a golf community like Gainey Ranch or Grayhawk, or anywhere across Paradise Valley, Fountain Hills, Cave Creek, Carefree, or Tempe, the conversation starts the same way: a no-cost evaluation that tells you exactly what's possible for your situation, and tells you honestly if a reverse mortgage isn't the right move.
Scottsdale didn't become a retirement destination by accident. Year-round sunshine, a deep bench of golf and resort communities, and some of the highest home values in Arizona have drawn affluent retirees here for decades. Many bought years ago, watched their homes appreciate well past what they paid, and now find themselves equity-rich but, in some cases, less liquid than they'd like in retirement.
Scottsdale is one of the few Valley markets where a large share of homes are worth more than the FHA HECM lending limit of $1,249,125. That matters, because it's where proprietary and jumbo reverse mortgages come in. A reverse mortgage converts equity into cash, as a lump sum, a growing line of credit, monthly payments, or a combination, with no required monthly mortgage payment for as long as you live in the home and keep up taxes, insurance, and upkeep. For higher-value Scottsdale homes, a proprietary product can often access more of that equity than the FHA program alone.
For homeowners looking to move within the North Valley rather than stay put, the HECM for Purchase lets you buy a new primary residence, often right-sizing into a lower-maintenance or single-level home, with no required monthly mortgage payment going forward.
David works with homeowners across Scottsdale's neighborhoods and the surrounding North Valley. A few of the areas we serve:
One of Scottsdale's original master-planned communities, known for its lakes, greenbelts, and longtime owners with deep equity.
A gated luxury golf community in central Scottsdale, popular with established retirees.
A north Scottsdale master-planned community with a wide range of home values, from the mid-six figures into the millions.
A well-appointed golf community of more than 3,800 homes west of the McDowell Mountains.
Custom Southwestern-style homes near Pinnacle Peak, many valued well above the FHA limit.
A retiree- and family-friendly community along the McDowell Mountains with trails and mountain views.
We review your situation, explain your options, and tell you honestly whether a reverse mortgage fits your goals. By phone at (602) 510-1520, or in person, your call. No cost, no obligation.
Every HECM borrower completes a session with an independent, HUD-approved counselor who has no financial stake in your decision. It's a federal requirement, and a good one. Many Arizona counselors complete the session by phone.
A licensed local appraiser establishes your Scottsdale home's current market value. Your available amount is calculated from your age, the home value, and current rates, and a Financial Assessment confirms you can keep up with property taxes and insurance.
Any existing mortgage is paid off first, ending that monthly payment. Remaining funds come to you however you've chosen, lump sum, growing line of credit, monthly payments, or a combination. A three-day right of rescission applies for your protection.
Yes. David Rider, CRMP (NMLS #200787) is a reverse mortgage specialist serving Scottsdale and the North Valley, including Paradise Valley, Fountain Hills, Cave Creek, Carefree, and Tempe. He works with homeowners 55+ across Scottsdale neighborhoods like McCormick Ranch, Gainey Ranch, DC Ranch, and Grayhawk, offering FHA HECM reverse mortgages, HECM for Purchase, and proprietary products such as the HomeSafe Second. Because Scottsdale home values are among the highest in the Valley, many homeowners here also qualify for jumbo or proprietary reverse mortgages above the FHA limit. A no-cost evaluation can be done by phone at (602) 510-1520 or in person.
It depends on your age, your home's value, and current interest rates, not on income or credit the way a traditional loan does. With Scottsdale's median sale price in the mid-$800,000s and many homes worth well above that, local homeowners often have substantial equity to work with. The 2026 FHA HECM lending limit is $1,249,125, and Scottsdale homes valued above that can be evaluated for a jumbo or proprietary reverse mortgage that may unlock more equity than the FHA program alone. A local evaluation runs the exact numbers for your home.
All of Scottsdale, including established neighborhoods such as McCormick Ranch, Gainey Ranch, DC Ranch, Grayhawk, Troon North, and McDowell Mountain Ranch, plus the surrounding North Valley: Paradise Valley, Fountain Hills, Cave Creek, Carefree, and Tempe. Roughly 26% of Scottsdale residents are 65 or older, well above the national average, which makes it exactly the kind of community the reverse mortgage program was designed to serve.
A reverse mortgage is one of the biggest financial decisions a retiree makes, and the advisor matters more than the call-center script. David holds the CRMP designation, the industry's highest credential, held by only a small fraction of loan officers, and he lives and works in the Valley. You get a named local expert who knows Scottsdale's neighborhoods, meets in person when you want to, and stays accountable to you long after closing, instead of a rotating cast of voices at a 1-800 number.
Yes, that's the HECM for Purchase. It lets a buyer 62+ purchase a new primary residence in Scottsdale or the North Valley using a reverse mortgage, combining a one-time down payment with reverse proceeds so there is no required monthly mortgage payment going forward. It is a popular option for retirees right-sizing into a lower-maintenance Scottsdale home without draining their savings.
The FHA-insured reverse mortgage. No monthly payment, non-recourse, and a line of credit that grows over time. Age 62+.
Learn about the HECM →Buy a new primary residence in Scottsdale with a reverse mortgage, no required monthly payment going forward. Age 62+.
Learn about HECM for Purchase →Keep your low-rate first mortgage and still access equity. No monthly payment. Second lien. Age 55+.
Learn about the HomeSafe Second →See every senior home equity product side-by-side across payment, age, equity, and process.
See the full comparison →A no-cost evaluation takes about 20 minutes and tells you exactly how much equity you can access and what your options look like. If a reverse mortgage isn't right for you, we'll tell you that too. Call (602) 510-1520 or schedule online.
Disclaimer: This page is for educational purposes only and does not constitute financial advice or a commitment to lend. Reverse mortgage products, including the FHA-insured HECM, are subject to program guidelines, loan limits, rates, and eligibility requirements that change without notice. The 2026 HECM lending limit of $1,249,125 applies to case numbers assigned on or after January 1, 2026. Proprietary and jumbo reverse mortgages are not FHA-insured and have their own eligibility and product terms. Local statistics for Scottsdale, Arizona are approximate and provided for general context. Interest accrues on the loan balance over time, reducing home equity. Borrowers must remain in the home as their primary residence and maintain property taxes, insurance, and upkeep; failure to comply may result in the loan becoming due. Consult a qualified financial advisor about your specific situation. David Rider, NMLS #200787. Senior Resources Mortgage operates through NEXA Lending, LLC, NMLS #1660690. AZ Mortgage Banker License BK-2006218. Equal Housing Lender.