Conroe Reverse Mortgages
At All Reverse Mortgage, Inc. (ARLO™), we take great pride in being recognized by the Better Business Bureau as the top-rated reverse mortgage lender in Texas. Our commitment to excellence has earned us a perfect 5.0-star rating and an A+ rating, reflecting our dedication to outstanding service.
With over 20 years of specialized experience, we are devoted to meeting the needs of homeowners across 15 states, including the great state of Texas. Since our inception in November 2004, we have focused solely on reverse mortgages, striving to offer you the most favorable rates and competitive pricing available.
As a HUD-approved direct lender, we offer a range of reverse mortgage options, including the national Home Equity Conversion Mortgage (HECM) programs and non-FHA and jumbo reverse mortgages. This allows us to assist Texas homeowners with high-value properties that exceed the national 2024 lending limit of $1,149,825.
We invite you to compare our customer reviews, lower rates, and competitive closing costs with those of other major lenders. The difference is clear, and we are eager to demonstrate how we can help you maximize your home’s equity.
Rest assured, we are fully licensed by the Texas Department of Savings & Mortgage Lending (License/Registration #84280), ensuring you receive top-notch service and support throughout the state.
Conroe Reverse Mortgage Facts
| City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Conroe (est) | Avg. Home Value |
|---|---|---|---|---|---|
| Conroe | 2,383 | $335,944 |
HUD-Approved Direct Lender
At All Reverse Mortgage, Inc. (ARLO™), we are proud to be approved by the Department of Housing and Urban Development (HUD) to originate, underwrite, and close HUD’s Home Equity Conversion Mortgage (HECM), also known as a reverse mortgage. The HECM, or “Heck-um,” is HUD’s primary reverse mortgage program, allowing senior homeowners to access their home equity without the burden of monthly mortgage payments.
Our team at All Reverse Mortgage, Inc. (ARLO™) is dedicated to serving homeowners in Conroe, Texas, and beyond. We specialize in both refinancing existing loans and originating new reverse mortgages, providing options to eliminate monthly mortgage payments, access home equity for other financial needs, or a combination of both.
About All Reverse Mortgage of Conroe
The leadership of All Reverse Mortgage, Inc. (ARLO™) was instrumental in introducing the first fixed-rate jumbo reverse mortgage in 2008. With extensive experience in jumbo and proprietary loan programs, we continually seek new products to serve homeowners with high-value properties in Conroe and other markets where the standard HUD HECM may not fully meet their needs.
Our experienced originators are here to guide you through the various reverse mortgage options, ensuring you choose the program that best suits your financial goals. Whether you’re in a market well-suited for a traditional HECM or a niche market requiring a jumbo loan, we’ll help you make an informed decision.
For many homeowners aged 62 and above, a reverse mortgage is no longer just a last resort—it’s a powerful financial tool to enhance retirement. From eliminating existing mortgage payments to securing a growing line of credit, a reverse mortgage can help you live comfortably in your family home while planning for the future.
Conroe Details
Situated about 40 miles north of Houston, Conroe, Texas, is the seat of Montgomery County and a core city in the Houston-Woodlands-Sugarland metropolitan area. Named after Union Cavalry officer and Houston lumber magnate Isaac Conroe, the city has a rich history rooted in the lumber and oil industries.
Conroe has seen significant growth over the years, expanding its city limits and experiencing a population boom. As of 2019, Conroe’s population had nearly doubled over the last decade, growing from just over 56,000 in 2010 to over 91,000. This growth has been fueled by aggressive housing development and annexation practices.
Today, Conroe’s economy is supported by major employers such as the Conroe Independent School District, Montgomery County, and the Conroe Regional Medical Center. The city’s median income stands at just over $50,000, and there is a dedicated community of seniors who call Conroe their long-term home.
Conroe Lending Limits
According to U.S. Census Bureau data, 11% of Conroe’s population is made up of seniors aged 65 and older, with 66% of them being homeowners. This means thousands of Conroe senior households may be eligible for a reverse mortgage.
The median home value in Conroe is $335,944, higher than the average home price in Texas. Some homes in Conroe may even be worth more than the HUD lending limit of $1,149,825. For those with high-value properties, a jumbo reverse mortgage could allow you to access a greater portion of your home equity than a standard FHA-insured HECM loan.
While reverse mortgages may not be the perfect solution for every homeowner, a HECM could be a valuable tool to consider as you approach your retirement years.
Ready to Explore Your Options?
If you’re a resident of Conroe and are considering a reverse mortgage, All Reverse Mortgage, Inc. (ARLO™) is here to help. Access our online reverse mortgage calculator to estimate your reverse mortgage lending limit or give us a call today at Toll-Free (800) 565-1722. 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!
