Tacoma 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 Tacoma 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)
Tacoma Reverse Mortgage Facts
| City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Tacoma (est) | Avg. Home Value |
|---|---|---|---|---|---|
| Tacoma | 30,840 | $500,011 |
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 Tacoma 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 Tacoma
The team at All Reverse Mortgage, Inc. 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. In various markets, there may be a mix of HUD HECM and niche jumbo opportunities, 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.
Tacoma Lending Limits
Tacoma, Washington, is the third-largest city in the state, situated just 20 miles south of Seattle. With a population of approximately 219,000 as of 2024, Tacoma continues to grow as a popular place to live. Among the population, around 16% of homeowners are aged 62 or older, making reverse mortgages a common option for senior homeowners in the area.
Tacoma is renowned for its access to outdoor recreation. Point Defiance Park, one of the largest urban parks in the country, attracts nearly 3 million visitors annually. Tacoma also offers other scenic spots, such as Titlow Beach, a favorite for scuba divers.
Tacoma’s economy is primarily driven by healthcare, followed by retail, education, and public administration sectors. Major employers in the area include MultiCare Health System and the Tacoma Public School District.
As of 2024, the median home value in Tacoma is $523,000, showing continued growth in the housing market. Many homes in Tacoma fall within the federal reverse mortgage lending limit of $1,209,750, making Home Equity Conversion Mortgages (HECMs) an accessible option. For homes exceeding this limit, jumbo reverse mortgage programs are available for those seeking more equity.
If you’re considering a reverse mortgage in Tacoma, a reverse mortgage calculator can help you estimate your lending limit.
You can also call us Toll-Free at (800) 565-1722 to discuss how All Reverse Mortgage, Inc. (ARLO™) can assist you with your retirement planning.
