Edmonds Reverse Mortgage Lenders
At All Reverse Mortgage, Inc. (ARLO™), we are proud to be Washington’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 Edmonds 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 Washington State.
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.
All Reverse Mortgage, Inc. is licensed by the Department of Financial Institutions (#CL-13999)
Edmonds Reverse Mortgage Facts
| City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Edmonds (est) | Avg. Home Value |
|---|---|---|---|---|---|
| Edmonds | 3,998 | 10 | 0 | 9 | $911,490 |
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 HUD’s Home Equity Conversion Mortgage (HECM, or “Heck-um”). The HECM is HUD’s reverse mortgage loan program.
All Reverse Mortgage of Edmonds originates and closes refinance loans for homeowners who are looking to either pay off their existing loan and eliminate monthly mortgage payments, use their equity for other purposes if they have no existing loan, or a combination of both.
About All Reverse Mortgage of Edmonds
The All Reverse Mortgage, Inc. team has extensive experience, including being part of the group that introduced the first fixed-rate jumbo reverse mortgage in 2008. With this background, we are constantly exploring new products for homeowners in high-value markets where the HUD HECM may not be the best fit. Although jumbo or proprietary programs often offer lower Principal Limits relative to property values, they can be the right solution for certain borrowers.
An experienced originator can guide you through the pros and cons of each program, helping you make an informed decision. There may be a mix of HUD HECM and niche jumbo opportunities in various markets, allowing homeowners aged 62 and above to leverage reverse mortgages as a versatile financial tool. This can be particularly valuable for those seeking to eliminate mortgage payments or establish a growing line of credit, enhancing their retirement plans.
Edmonds, located in Snohomish County, Washington, is a northern suburb of Seattle, about 11 miles from the city. With a population of 40,490 as of 2015, Edmonds offers a mix of suburban charm and proximity to the Pacific Northwest’s natural beauty. Among the city’s residents, 6,766 homeowners are aged 62 and older, making it a community with a significant senior population.
Edmonds, founded in 1884 and incorporated in 1890, has a rich history, including the development of the Great Northern Railway, which helped establish the city. Over time, Edmonds has evolved into a vibrant city known for its parks, including the popular Edmonds Underwater Park, a unique scuba diving site with submerged shipwrecks and marine life. The city boasts a range of recreational areas, such as dog parks, skate parks, and salt marshes.
As of January 2023, the median home value in Edmonds is $911,490, reflecting a 6.5% increase over the past year. While many homes in Edmonds are valued close to the federal reverse mortgage lending limit of $1,149,825, some homes exceed this limit, which may make jumbo reverse mortgage programs a better fit for accessing more of your home equity.
If you live in Edmonds or are considering moving here, All Reverse Mortgage, Inc. (ARLO™) is here to help. Use our reverse mortgage calculator to estimate your lending limit, or call us Toll-Free at (800) 565-1722 to explore how a reverse mortgage can help enhance your retirement planning.
