Santa Cruz 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 $1,209,750.
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.
Santa Cruz Reverse Mortgage Facts
| City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Santa Cruz (est) | Avg. Home Value |
|---|---|---|---|---|---|
| Santa Cruz | 2,502 | $1,398,579 |
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.
Santa Cruz Lending Limits
Located along the picturesque northern coast of Monterey Bay, Santa Cruz is a vibrant city known for its stunning beaches, redwood forests, and rich cultural scene. With a population of approximately 67,000 as of 2024, Santa Cruz is a beloved destination for residents and visitors alike. About 15 percent of the population are senior homeowners aged 62 and older, reflecting the city’s appeal as a desirable place to retire.
Santa Cruz is famous for its laid-back lifestyle, outdoor activities, and iconic boardwalk, home to one of the oldest seaside amusement parks in the United States. The city is also a hub for education and innovation, with the University of California, Santa Cruz (UCSC) playing a significant role in the local economy and community. In addition to education, other major economic sectors in Santa Cruz include tourism, healthcare, and agriculture.
The city’s commitment to preserving its natural beauty is evident in its numerous parks, open spaces, and conservation efforts. Residents and visitors can enjoy various recreational activities, from surfing the waves of Steamer Lane to hiking in the nearby redwood forests of Henry Cowell Redwoods State Park.
As of January 2024, the median home value in Santa Cruz is $1,293,500, reflecting a steady increase in property values. This figure places many homes in Santa Cruz above the federal reverse mortgage lending limit of $1,209,750. Private jumbo reverse mortgage programs are available for homeowners with higher-valued properties, offering additional borrowing power and access to more home equity than the traditional HECM allows.
If you’re a homeowner in Santa Cruz 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!
