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
||Homeowners Age 62+
||Reverse Mortgages Closed Last 12 Months
||Purchase Reverse Mortgages Closed Last 12 Months
||Lenders in Alameda County (est)
||Avg. Home Value
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
• How to find the Best Reverse Mortgage Lender
• HUD.GOV Lender List
• ReverseMortgage.org Lender Finder