Waxhaw Reverse Mortgage Lenders
All Reverse Mortgage, Inc. (ARLO™) is proud to be North Carolina #1 Rated Reverse Mortgage Lender by the BBB with a Perfect 5.0 Stars and A+ Exemplary Rating. We currently lend in 16 states and our headquartered in Southern California.
All Reverse Mortgage was incorporated in CA 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 the national HECM programs and offer a suit of Non-FHA & Jumbo Reverse Mortgages to better suit homeowners in SoCal with higher value homes over the national 2024 lending limit of $1,149,825.
We welcome you to compare our reviews and our lower rates and closing costs to any other major lender! The difference is clear, and we can’t wait to show you!
Waxhaw Reverse Mortgage Facts
| City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Waxhaw (est) | Avg. Home Value |
|---|---|---|---|---|---|
| Waxhaw | 2,860 | 14 | 4 | 10 | $589,898 |
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 Waxhaw 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.
Our team has been at the forefront of the reverse mortgage industry, including being part of the group that introduced the first fixed-rate jumbo reverse mortgage in 2008. This extensive experience allows us to offer personalized solutions for homeowners with high-value properties, especially in markets where a traditional HECM may not be the best fit.
Choosing the right reverse mortgage program can be complex, but our seasoned professionals are here to help. We’ll explain the benefits and considerations of each option, ensuring you can make an informed choice that suits your needs.
At All Reverse Mortgage, Inc. (ARLO™), we’re here to answer your questions and provide the support you need to make the best decision for your financial well-being.
Waxhaw, North Carolina Reverse Mortgage Lending Limits
Located in Union County, North Carolina, Waxhaw is a quaint town with an estimated population of 10,000 as of 2024. Just 30 miles south of Charlotte, Waxhaw offers a serene, small-town lifestyle with easy access to the amenities of a larger city. Senior homeowners aged 62 and older represent about 11.5% of the town’s population, making it a great spot for retirees seeking peace while staying connected to city life.
Waxhaw’s History and Lifestyle
Waxhaw’s origins can be traced back to 1711, and it has grown into a charming town known for its fine dining options, antique shops, and historic attractions. With Charlotte only a short drive away, Waxhaw residents can enjoy the perks of a bustling city while basking in the tranquility of their picturesque hometown.
Economic Overview
Waxhaw’s economy is driven by industries like professional and scientific services, finance, retail trade, and healthcare, ensuring residents have access to a wide range of job opportunities and services. The close proximity to Charlotte adds to the town’s appeal, as it provides convenient access to even more job markets and amenities.
Waxhaw Housing Market in 2024
As of January 2024, the median home value in Waxhaw is $589,898, reflecting a 17.3% increase over the past year. Many homes in Waxhaw fall under the federal reverse mortgage lending limit of $1,149,825, allowing senior homeowners to take advantage of HECM (Home Equity Conversion Mortgage) loans. For homes valued above this limit, jumbo reverse mortgage programs are available, providing access to even more home equity.
Reverse Mortgage Opportunities in Waxhaw
If you’re a senior homeowner in Waxhaw, a reverse mortgage could be a valuable financial tool to supplement your retirement, eliminate monthly mortgage payments, or access additional funds from your home’s equity. All Reverse Mortgage, Inc. (ARLO™) is here to guide you through the process and help you explore your options.
Call us today at Toll-Free (800) 565-1722, or visit our reverse mortgage calculator at reverse.mortgage/calculator to see how much you could access with a reverse mortgage. We’re ready to assist you in making informed decisions and ensuring a comfortable retirement in beautiful Waxhaw.
