Columbia Reverse Mortgage Lenders
We are proud to be South Carolina’s #1 rated reverse mortgage lender by the BBB with a Perfect 5.0 stars and A+ review. All Reverse Mortgage, Inc. (ARLO™) lends in 16 states nationwide, including Columbia, SC.
All Reverse began in 2004 and as the name implies, the only loan product that All Reverse Mortgage, Inc. (ARLO™) originates is the residential reverse mortgage loan.
We offer reverse mortgages to Columbia homeowners, and our staff has a combined lending experience exceeding 100 years, with national mortgage banking experience on both coasts and points between. Due to this varied direct experience, All Reverse Mortgage, Inc. (ARLO™) is well positioned to assist borrowers with all specific needs associated with the reverse mortgage program.
Columbia Reverse Mortgage Facts
| City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Columbia (est) | Avg. Home Value |
|---|---|---|---|---|---|
| Columbia | 5,868 | 8 | 0 | 5 | $242,927 |
HUD Approved Direct Lenders
All Reverse Mortgage Inc. (ARLO™) are approved lenders with HUD (Department of Housing and Urban Development) to originate, underwrite, and close the HUD Home Equity Conversion Mortgage (HECM or “Heck-um”). The HECM is HUD’s acronym for their reverse mortgage loan.
All Reverse Mortgage originate in Columbia and close both refinance loans where borrowers
already own their home and are looking to either pay off their existing loan and have no more monthly mortgage payment, utilize their equity for other purposes if they have no existing loan, or possibly a combination of both.
About All Reverse Mortgage, Inc.
Our team has been at the forefront of the reverse mortgage industry, including being part of the group that introduced the first fixed-rate jumbo reverse mortgage in 2008. This extensive experience allows us to offer personalized solutions for homeowners with high-value properties, especially in markets where a traditional HECM may not be the best fit.
Choosing the right reverse mortgage program can be complex, but our seasoned professionals are here to help. We’ll explain the benefits and considerations of each option, ensuring you can make an informed choice that suits your needs.
At All Reverse Mortgage, Inc. (ARLO™), we’re here to answer your questions and provide the support you need to make the best decision for your financial well-being.
Columbia, South Carolina Reverse Mortgage Lending Limits
As the capital of South Carolina, Columbia is located at the state’s geographic center, just 13 miles northwest of its center. Home to over 800,000 residents in its wider metropolitan area, Columbia is known for its rich history, diverse culture, and strong sense of community.
A Rich History
Columbia’s history dates back to the mid-1500s when Spanish explorers encountered the Congaree Native Americans. By the late 18th century, Columbia was officially established as South Carolina’s capital. The city played a crucial role during the American Civil War and has since grown into a major center for higher education, with the University of South Carolina established here in 1801.
Columbia’s economy boomed during the early 20th century due to its prominence in the textile manufacturing industry. Today, the city remains an important cultural and economic hub in the Southeast, boasting a vibrant art district, popular museums, and annual festivals.
Columbia Senior Population and Lending Limits
Seniors make up 9% of Columbia’s population, and approximately 6,000 senior households own homes. Many senior homeowners in Columbia may qualify for a reverse mortgage, which provides a valuable option for accessing their home equity for retirement purposes.
According to the Zillow Home Value Index, the median home value in Columbia was $242,927 as of January 2024. Many Columbia homes fall under the HECM reverse mortgage lending limit of $1,149,825, making it a suitable option for most homeowners. For higher-valued homes, jumbo reverse mortgages may offer an opportunity for more equity.
If you’re a senior homeowner in Columbia and are curious about how a reverse mortgage could benefit you, All Reverse Mortgage, Inc. (ARLO™) is ready to assist.
How to Learn More
To estimate your reverse mortgage lending limit or explore options, visit our reverse mortgage calculator or call us at Toll-Free (800) 565-1722. We’re here to help you make informed decisions to ensure you can continue enjoying your retirement.
Top Lender Resources in SC:
Reversemortgage.org NRMLA Members in South Carolina: https://www.reversemortgage.org/Find-a-Lender/state/SC
HUD.GOV Lenders: HUD.GOV Approved Lenders Search
