Los Angeles Reverse Mortgages
At All Reverse Mortgage, Inc. (ARLO™), we take pride in being California’s #1 Rated Reverse Mortgage Lender. We have a perfect 5-star rating from the Better Business Bureau and an A+ Exemplary Rating. We’ve been serving communities across California and 15 additional states since 2004, all from our headquarters in Southern California.
We focus solely on reverse mortgages, so you can trust that we have the expertise you need. We’re dedicated to providing you with the best possible rates and the lowest costs, ensuring you get the most out of your home’s equity.
As a HUD-approved lender, we offer national HECM programs and provide non-FHA and Jumbo Reverse Mortgages for those with higher-value homes exceeding the national 2024 lending limit of $1,149,825.
We invite you to compare our reviews, rates, and closing costs with those of any other lender. We’re confident you’ll see the difference and are excited to help you make the most informed decision.
Los Angeles Reverse Mortgage Facts
| City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Los Angeles (est) | Avg. Home Value |
|---|---|---|---|---|---|
| Los Angeles | 91,764 | 512 | 4 | 239 | $897,581 |
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 offer the Home Equity Conversion Mortgage (HECM), commonly known as a reverse mortgage. We take care of everything, from the application to closing, ensuring you’re in good hands every step of the way.
We serve homeowners in Anaheim, helping those who already own their homes refinance to eliminate their monthly mortgage payments or access their home equity for other needs. Whether you want to pay off your existing loan, free up some extra cash, or do both, we’re here to help.
About Us
Our team at All Reverse Mortgage has deep experience in the industry. In 2008, we were part of the group that introduced the first fixed-rate jumbo reverse mortgage, so we understand both HUD-backed HECM loans and jumbo (or proprietary) loans. This expertise allows us to offer options for homeowners with higher-value homes that may not be fully covered by HUD’s HECM program.
Choosing the right loan can be challenging, but our experienced originators are here to guide you. We’ll explain the options, including the pros and cons of each, so you can make the best decision for your situation. Whether a HUD HECM or a jumbo loan is right for you depends on your unique needs, and we’ll ensure you have all the information to make an informed choice.
For homeowners aged 62 and older, a reverse mortgage can be a valuable financial tool. It’s not just a last resort; many are using it to enhance their retirement plans. With a reverse mortgage, you can eliminate monthly mortgage payments or set up a line of credit that grows over time, helping you live comfortably and plan for the future.
Los Angeles Lending Limits
Whether pursuing dreams of show business or simply wanting to relocate to a place with abundant sunshine, there are many reasons why people flock to the nation’s second-largest city.
Los Angeles is one of the most diverse cities in the United States, with residents from around the world calling the City of Angels their home. Of the nearly 4 million people living in the city, roughly 11% are adults aged 65 and older, according to the U.S. Census Bureau.
At least 93,500 residents of Los Angeles are aged 62 and older, making them eligible for a reverse mortgage. Many of these older homeowners have already explored the benefits of reverse mortgages and are using them to support their retirement needs.
As of January 2024, the median home price in Los Angeles is $926,300, according to the Zillow Home Value Index. While Zillow predicts a slight decline in home values over the next year, many homes in Los Angeles may still be worth more than this median value. If your home has been appraised for more than the HUD lending limit of $1,149,825, you may still be able to access your home equity through a reverse mortgage.
For homeowners with higher-valued properties, a jumbo reverse mortgage might be a better option, allowing you to access a greater portion of your home’s equity than a HUD-backed HECM reverse mortgage would permit.
While reverse mortgages may not be the perfect solution for every homeowner, they can be a valuable tool depending on your unique situation, especially as you approach retirement.
If you’re a homeowner in Los Angeles 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. Call us today at Toll-Free (800) 565-1722 or visit our 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!
