Columbia Reverse Mortgage Lenders
At All Reverse Mortgage, Inc. (ARLO™), we are proud to be Maryland’s #1 Rated Reverse Mortgage Lender, as recognized by the Better Business Bureau. We have a perfect 5-star rating and an A+ exemplary score. We’ve been serving Florida homeowners since 2004 and are dedicated to providing reverse mortgages that help you enjoy your retirement years with peace of mind.
We understand that you deserve the best possible rate with the lowest costs. That’s why we focus solely on reverse mortgages, ensuring you receive expert guidance every step of the way. As a HUD-approved direct lender, we offer both national HECM programs and specialized jumbo Reverse Mortgages for homeowners with higher-value properties in Columbia and the surrounding area.
We invite you to compare our customer reviews, lower rates, and closing costs with those of any other lender. We’re confident you’ll see the difference, and we look forward to helping you achieve your financial goals.
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 | 107,238 | 8 | 1 | 6 | $145,100 |
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 Columbia community by originating and closing refinance loans for homeowners who wish to pay off their existing mortgage and eliminate monthly payments or 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, Inc.
The owners and management of All Reverse Mortgage, Inc. were part of the team that introduced and sold the first fixed-rate jumbo reverse mortgage in 2008. With extensive experience in jumbo and proprietary loan programs, we continuously seek out new products to better serve homeowners with high-value properties, especially 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.
Columbia Lending Limits
Columbia, Maryland, is the second-largest census-designated place in the state, with a population of approximately 102,100 as of 2017. Senior homeowners aged 62 and older make up about 16.7% of the population.
Founded in 1967 by James Rouse, Columbia is part of the New Town Movement in the United States. In a 1959 speech that laid the groundwork for Columbia, Rouse stated, “We must hold fast to the realization that our cities are for people, and unless they work for people, they are not working at all.”
Today, Columbia continues to receive praise from news outlets and residents alike. As part of the Baltimore-Columbia-Towson metropolitan area, it offers a short commute to Baltimore and various residential benefits.
Jobs in healthcare and bioscience primarily drive Columbia’s economy.
The median home value in Columbia is $347,800, reflecting a 4.2% increase over the past year. Home values are projected to rise another 3.0% in 2019. These figures place many homes in Columbia well within the bounds of the federal reverse mortgage lending limit of $1,149,825. Several private jumbo reverse mortgage programs are available for homeowners with properties exceeding this limit to provide additional borrowing power.
If you’re a homeowner in Columbia 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 at https://reverse.mortgage/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!
Cities in Maryland by population
Columbia 2017 population
62+ homeowners
