Prescott's #1 Reverse Mortgage

Michael G. Branson, CEO of All Reverse Mortgage, Inc., and moderator of ARLO™, has 45 years of experience in the mortgage banking industry. He has devoted the past 20 years to reverse mortgages exclusively. (License: NMLS# 14040)

All Reverse Mortgage's editing process includes rigorous fact-checking led by industry experts to ensure all content is accurate and current. This article has been reviewed, edited, and fact-checked by Cliff Auerswald, President and co-creator of ARLO™. (License: NMLS# 14041)

By Michael G. Branson   Edited by Cliff Auerswald

Prescott Reverse Mortgage Lenders

All Reverse Mortgage, Inc. (ARLO™) is proud to be Arizona’s #1 Rated Reverse Mortgage Lender by the BBB with a Perfect 5.0 Stars and A+ Exemplary Rating. We currently lend in 16 states.

All Reverse Mortgage was incorporated November 2004 and as the name implies, the only loan product that All Reverse Mortgage, Inc. (ARLO™) originates is in fact, the reverse mortgage.

We’re committed to be your lender because you deserve the best rate at the lowest price possible.

We’re a HUD Approved direct lender lending through the national Home Equity Conversion Mortgage (HECM) programs and offer a suite of Non-FHA & Jumbo Reverse Mortgages to better suit homeowners in Arizona with higher value homes over the national 2025 lending limit of $1,209,750.

Prescott Reverse Mortgage Facts

HUD Approved Direct Lender

All Reverse Mortgage, Inc. (ARLO™) is approved with 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 acronym for their reverse mortgage loan.

All Reverse Mortgage, Inc. (ARLO™) originates in Prescott and closes 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. (ARLO™) of AZ

The owners and management of All Reverse Mortgage, Inc. (ARLO™) were part of the team that wrote and sold the first fixed-rate jumbo reverse mortgage in 2008 and as such, have extensive experience in jumbo or proprietary loan programs as well. We are always looking for new products to offer to borrowers of high valued homes in the higher home priced markets that the HUD HECM may just not serve well. Jumbo or proprietary programs typically offer much lower Principal Limits as they relate to values, so not all borrowers are better served with the jumbo programs.

Only a seasoned originator can readily inform borrowers which program will best suit their needs and the positives and negatives of each so that the borrower can make an informed decision. It is no longer uncommon anywhere in the country for a market to be a solid HUD HECM market and then within just a short distance for a niche jumbo market to be located where there is a need for a jumbo program.

Therefore, homeowners aged 62 and above in all markets have seen that the reverse mortgage can be a very solid financial tool, and many are now seeking the reverse mortgage to augment their retirement plans and not so much as a mortgage of last resort. Everything from the elimination of the existing mortgage payments to the line of credit that grows that grows make reverse mortgage borrowers understand that this program allows them to utilize their homes to not only live comfortably in their family home, but to plan for the future as well.

Prescott Details

Featuring an average year-round climate of above 50 degrees Fahrenheit, a highly-visible lineage with architecture dating back to the mid-1800s that brings the historic American Southwest to life, multiple golf courses within the city limits, and a number of unique niche events held throughout the year, Prescott is a community like few others around it that needs to be seen to be believed.

Prescott is also one city that helps bring the historic American Southwest to life in ways that simply can’t be replicated by other communities in the region. Walking down historical Whiskey Row puts you on the same streets roamed by legendary Old West figures including Wyatt Earp and Doc Holliday, and the town is fully aware of its lineage and legacy finding several opportunities throughout the year to celebrate it. The city’s downtown historic district

There’s also an ample local retail scene, with several independent shops lining the downtown area, in addition to a modern enclosed shopping center in the form of the Prescott Gateway Mall.
Spending time in Prescott also puts you near the community’s Heritage Park Zoo and the breathtaking vistas to be found at the nearby Prescott National Forest.

Prescott is also situated just south of the beautiful Granite Dells, which features large outcroppings of granite boulders that have eroded into unique and interesting collections of bumpy rock-laden scenes. Two man-made reservoirs inside the Granite Dells serve as Watson and Willow Lakes, where you can take in a whole host of sights along individual trails that connect into the larger Peavine National Recreation Trail. The Peavine Trail follows along a former rail bed of the old Santa Fe Railroad, which traveled through the Granite Dells and connected Prescott to Phoenix.

The nearby Lynx Lake is also a great spot for camping, playing host to 125,000 visitors every year and offering camping, boating, fishing, mountain biking, hiking, and even a small seasonal restaurant that offers fantastic views of the nature surrounding you.
Back inside city limits, the number of special events packed onto the calendar in Prescott is almost overwhelming, with something for everyone taking place at some point throughout the year. For everyone from the history enthusiast to the film fanatic, Prescott probably has an event or two that you’ll want to make sure you attend if you find yourself in the city limits at some point throughout the year.

Frontier Days helps celebrate the Western lineage of the city in July, while you can also take in the sights and sounds of the Bluegrass Festival in June, celebrations for important days like July 4th, Cinco de Mayo, Earth Day and an annual Easter Egg-Stravaganza, along with a film festival, several art fairs, a Pumpkin Patch Carnival, the Cowboy Poets Gathering, the Prescott Highland Games, and many more.

Prescott Senior Population and Lending Limits

The city of Prescott is also home to a large and thriving senior community, with as much as 31% of the city’s total population of over 40,000 people being seniors aged 65 and over. Over 6,500 homeowners currently living in Prescott are at least age 62, the youngest age at which a person can be eligible to obtain a reverse mortgage. Several of these older homeowners have already done their research and begun using reverse mortgages to support their retirement needs.

The median home price in Prescott is $612,412, according to the Zillow Home Value Index as of January 2023. Prices in the area have increased 11.2% since 2018, and Zillow projects that they will continue to rise over the course of the next year.

While some homes in Prescott may be worth more than this median value, if your home has been appraised for more than the HUD lending limit of $1,209,750, you may still be able to tap into your home equity with the help of a reverse mortgage.

If you’re a homeowner who fits this description and you’re interested in using a reverse mortgage to supplement your retirement, you might want to consider a jumbo reverse mortgage, from which you may be able to access a greater portion of your home equity than you otherwise would with a HUD-backed HECM reverse mortgage.

Reverse mortgages might not be the perfect solution for every homeowner, but depending on your situation, a HECM could be something to consider as you approach your retirement years.

If you reside in Prescott, All Reverse Mortgage, Inc. (ARLO™) is here to answer your questions