Barrington Reverse Mortgage Lenders
All Reverse Mortgage, Inc. (ARLO™) is proud to be Illinois’s #1 Rated Reverse Mortgage Lender by the Better Business Bureau (BBB). We boast a perfect 5.0-star rating and an A+ exemplary rating. Although headquartered in Southern California, we currently lend in 16 states, including Illinois.
Incorporated in November 2004, All Reverse Mortgage, Inc. (ARLO™) focuses exclusively on reverse mortgages, ensuring that you receive the best rate at the lowest price possible.
As a HUD-approved direct lender, we offer national HECM programs as well as a variety of non-FHA and jumbo Reverse Mortgages tailored for Illinois homeowners with higher-value properties exceeding the 2024 national lending limit of $1,149,825.
We invite you to compare our reviews, lower rates, and closing costs with those of any other major lender. The difference is clear, and we’re excited to show you how we can help you maximize your home’s equity.
Barrington Reverse Mortgage Facts
| City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Barrington (est) | Avg. Home Value |
|---|---|---|---|---|---|
| Barrington | 5,273 | 9 | 1 | 7 | $425,000 |
HUD Approved Direct Lender
All Reverse Mortgage, Inc. (ARLO™) is approved by the Department of Housing and Urban Development (HUD) to originate, underwrite, and close the HUD Home Equity Conversion Mortgage (HECM, or “Heck-um”). The HECM is HUD’s reverse mortgage loan program designed to help seniors tap into their home equity.
All Reverse Mortgage, Inc. (ARLO™) serves the Barrington community by originating and closing both refinance loans for homeowners who wish to pay off their existing mortgage and eliminate monthly payments or for those who want to utilize their home equity for other purposes. We also cater to those interested in a combination of both.
About All Reverse Mortgage®
The owners and management of All Reverse have been integral in the reverse mortgage industry since 2008, even contributing to the development and sale of the first fixed-rate jumbo reverse mortgage. This extensive experience allows us to offer specialized loan programs for homeowners with high-value homes, particularly in markets where the HUD HECM may not fully meet their needs.
Our seasoned originators are dedicated to helping borrowers understand the pros and cons of each reverse mortgage option, ensuring they make informed decisions that best suit their needs. Whether you’re in a strong HUD HECM market or near a niche jumbo market, we provide expert guidance to help you choose the right financial tool.
Homeowners aged 62 and older are increasingly turning to reverse mortgages as a way to enhance their retirement plans rather than as a last resort. By eliminating existing mortgage payments or establishing a growing line of credit, reverse mortgages empower homeowners to live comfortably and plan for the future in their family homes.
Barrington Lending Limits
Barrington, Illinois, is a charming suburb about 32 miles northwest of Chicago. Its population is approximately 10,600. Notably, 21 percent of Barrington’s population consists of senior homeowners aged 62 and older.
Founded in 1865, Barrington boasts a rich history and is home to the largest number of residential historic districts in the region. Residents enjoy the balance of working locally in fields such as professional services, finance, healthcare, and insurance or commuting to Chicago for additional opportunities.
The median home value in Barrington is $425,000, with a slight decrease of 0.2 percent over the past 12 months. However, home prices are expected to rise by 0.9 percent in the coming year. While many homes in Barrington fall below the federal maximum reverse mortgage lending limit of $1,149,825, some properties exceed this limit. For these higher-valued homes, jumbo loan programs are available to help senior homeowners access their home equity.
If you’re a homeowner in Barrington aged 62 or older, and you’re curious about how a reverse mortgage could benefit you, All Reverse Mortgage, Inc. (ARLO™) is here to help. Give us a call today or visit our online calculator to explore your options.
We’re ready to answer your questions and help you make the most of your home’s equity—so you can confidently enjoy your retirement. Don’t wait—reach out to us today!
