Sonoma 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.
Sonoma Reverse Mortgage Facts
| City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Sonoma (est) | Avg. Home Value |
|---|---|---|---|---|---|
| Sonoma | 3,594 | $1,044,382 |
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.
Sonoma Lending Limits
Sonoma, California, located in Sonoma County, is a small city with a big reputation as a premier destination for wine enthusiasts and tourists. Incorporated in 1883, Sonoma is home to more than 400 wineries, making it a cornerstone of California’s renowned wine country.
With a population of approximately 11,100 as of 2024, 3,600 of whom are homeowners aged 62 and older, Sonoma offers a charming small-town vibe that is both welcoming and unique. Despite its smaller population than other California cities, Sonoma boasts numerous restaurants and cafes that provide a delightful culinary experience for residents and visitors.
Beyond its wineries, Sonoma is known for its breathtaking natural beauty. The area is dotted with rolling hills and scenic hiking trails that offer extraordinary views of the surrounding landscape.
Agriculture and tourism are the mainstays of Sonoma’s economy, and it’s easy to see why. U.S. News & World Report has ranked Sonoma as the second-best wine destination in the world, further solidifying its place on the global stage.
As of January 2024, the median home value in Sonoma is $1,075,500, reflecting a 7.1% increase over the past year. While many homes in Sonoma are valued near or above the maximum reverse mortgage lending limit of $1,209,750, senior homeowners with higher-valued properties can explore jumbo loan programs to access additional borrowing power.
If you’re a homeowner in Sonoma 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.
Give us a call 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!
