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Alameda County Reverse Mortgage Lenders

All Reverse Mortgage® is a HUD approved lender working directly with homeowners through all of California including Alemeda County. All Reverse began in November 2007 and as the name implies, the only loan product that All Reverse Mortgage® originates is the federally-insured home equity conversion mortgage.

 

For over a decade we have been offering our reverse mortgages to CA homeowners and maintain an Exemplary A+ Rating by the BBB.
We are proud to have become California's #1 rated reverse mortgage lender with a perfect 5.0-5.0 star rating.

Alameda County Reverse Mortgage Facts

County Homeowners Age 62+ Reverse Mortgages Closed Last 12 Months Purchase Reverse Mortgages Closed Last 12 Months Lenders in Alameda County (est) Avg. Home Value
Alameda 213,810 1,727 174 1146 $773,000

HUD Approved Direct Lenders

United Southwest and All Reverse are approved lenders with HUD (Department of Housing and Urban Development) 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 originates in Alameda County and closes both refinance loans where borrowers already own their home and are looking 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

The owners and management of All Reverse 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 as well. Jumbo or proprietary programs typically offer much lower Principal Limits as they relate to values though 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 the mortgage of last resort. Everything from the elimination of the existing mortgage payments to the line of credit 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.

Alameda County Lending Limits

As the seventh most populous county in the state of California, Alameda County had an estimated 1,647,704 residents in 2016.

The county was formed in 1853, comprising a large piece of land from Contra Costa County and a smaller piece of land from Santa Clara County. Alameda in Spanish means “a place where poplar trees grow.”

The county is 739 square miles in area, and its largest cities include Oakland, Fremont, Hayward, Berkeley and San Leandro. Within the county there are more than 350 parks.

There are also many colleges and universities in Alameda County, which include University of California Berkeley, California State University, East Bay and College of Alameda.

The arts are also a significant part of Alameda County. There is the Alameda County Arts Commission, which has 15 appointed members to act in an advisory capacity to promote the arts in the area. Oakland is also home to the Oakland Museum of California.

Additionally, Alameda County is home to the National Football League’s Oakland Raiders, the National Basketball Association’s Golden State Warriors and the Major Baseball League’s Oakland Athletics.

Like many other areas in California, Alameda County in particular has seen a surge in recent years in its housing market. The median home value in the county is currently $773,000, which saw an increase of 6.9% last year. In the next year however, it is predicted that prices will only increase 1.5%. Homeowners with homes valued well above the federal lending limit of $636,150 may be able to access a jumbo reverse mortgage to help provide more borrowing capacity.


If you reside in Alameda County All Reverse Mortgage® is here to answer your questions. Access our free calculator to estimate your reverse mortgage lending limit or call usToll Free(800) 565-1722

Additional Resources:
How to find the Best Reverse Mortgage Lender
HUD.GOV Lender List
ReverseMortgage.org Lender Finder

Our Exclusive Programs Designed to Fit Your Needs.

All Reverse Mortgage© has consistently broughtexclusive offers to our valued Alameda County homeowners. Because of our unique process we're able to offer a better federally-insured reverse mortgage with no compromise.

Take a look at some of our program benefits that you won't find elsewhere:

Exclusive 4.25% (5.95% APR) Fixed Rate for Life
Government Insured & Jumbo Proprietary Programs
Flexible Credit Lines from 2.98% with the Industries Lowest Lifetime Rate Exposure
ZERO Origination Fee Plans
ZERO Financed Closing Cost Plans
ZERO Monthly Servicing Fees on ALL programs
*Complete form above to receive a comparison of all available programs. Excludes state taxes when applicable. Min loan amount for $0 origination fee is $40,000. *APR ran at $185,000 loan amount / 60% or less PLF utilization. Lifetime rate cap on all adjustable rate plans just 5% over the start rate.

How can we offer you more favorable terms?

We are a direct lender approved by FHA (Federal Housing Administration)
The HECM is literallyall we do. All Reverse Mortgage is not just a name for us. We have a very low (almost non-existent) staff turnover and our people are experts.
We don't work with Brokers, allowing us to pass the savings on to you.
We don't hire "celebrity" spokespersons as we don't believe you should have to pay for a lender's expensive marketing budget with higher loan costs.
We Charge Less! Check out our competition and our customer ratings. We never forget that this loan is about you and your needs and we put you first with superior service and lower costs.

All Reverse vs. the others

It may surprise you but those "celebrities" you see all over TV have some of the worst independent consumer ratings in the industry. Compare us and you will see the crystal clear difference, from customer service to loan terms we never compromise.

HUD approved direct lender.

Working with a local Alameda County, OR lender saves you time and money.

As an award-winning direct lender our goal remains simple; to offer you the very best terms accompanied by extraordinary customer service.

What Our Customers Are Saying

"There was no car salesman type of protracted negotiation. All reverse got right down to a good quote without a series of incremental steps."
"I was surprised how easy it was to deal with an out of state company. Actually it was much easier than my previous dealings with local banks and brokers"
"It is a wonderful feeling to have no mortgage and extra cash in our pocket. We are very happy."
"Thank you to All Reverse for handling everything in an efficient and smooth way. Thoroughly appreciate everything you have done to make things easy for me."
"This was the smoothest mortgage process I have ever experienced! And so fast!"

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Alameda County Reverse Mortgages
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