Compare Arizona's Best Reverse Mortgages
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Top 10 Reverse Mortgage Lenders in Arizona
|Lender Name||Years in Business||Rating||Stars (0-5.0)||Positive Reviews||Complaints||BBB Reviews|
|All Reverse Mortgage, Inc. (ARLO)||15||A+||4.9||99%||1||Source|
|American Advisors Group (AAG)||14||A-||4.1||82%||53||Source|
|Longbridge Financial, LLC||6||A+||3.5||70%||2||Source|
|Reverse Mortgage Funding LLC||6||A+||3.0||50%||8||Source|
|One Reverse Mortgage, LLC (QUICKEN)
|Liberty Home Equity Solutions, Inc. (OCWEN)||15||A+||2.1||42%||2||Source|
|Retirement Funding Solutions (RFS)||9||A+||(N/A)||(N/A)||1||Source|
|Fairway Independent Mortgage||23||A+||2.1||42%||21||Source|
|HighTech Lending Inc.||13||A-||2.0||60%||2||Source|
|Finance of America Reverse LLC (FAR)||15||A+||1.0||20%||2||Source|
All Reverse Mortgage® is proud to be Arizona's #1 Rated Reverse Mortgage Lender celebrating 15 years of excellence. We are the only AZ company awarded an A+ Rating by the BBB with perfect 5-Star Reviews.
Since we started in 2004, our goal has remained simple: to offer the best terms with unbeatable customer service.
Compare our competitive rates and lower costs to any competitor and realize thousands more from your home’s equity!
The difference is clear, and we can’t wait to show you!
Arizona Reverse Mortgage Facts
Top 10 Reverse Mortgage Cities in Arizona by MCA (April 2020)
|Lake Havasu City|
|State||Homeowners Age 62+||Reverse Mortgages Closed Last 12 Months||Purchase Reverse Mortgages Closed Last 12 Months||Lenders in Arizona||Avg. Home Value|
HUD Approved Direct Lender
All Reverse Mortgage® of AZ 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® originates in Arizona 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® of AZ
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 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 as well.
Arizona Lending Limits
The Grand Canyon state has a population of 7,171,646 and 330,706 of those people are homeowners age 62 and older, which means almost three hundred and fifty thousand people may be eligible for a reverse mortgage
The average home value in Arizona is $277,574, which is much lower than the HECM reverse mortgag lending limit of $765,600.
The average home value in Arizona is also well below the national lending limit for a HECM loan, which means the reverse mortgage options in the state may be even more beneficial to those homeowners 62 and older who are able to qualify.
Arizona is the sixth largest state in the country and is the 14th most populous. The capital of the state is Phoenix. Arizona also is one of the “four corners” of the United States. It shares borders with New Mexico, Utah, Nevada, California and Mexico. It also has one point in common with the southwestern part of Colorado.
The first colonists to settle what would become Arizona arrived from Spain, when Spanish Franciscan Marcos de Niza arrived in 1539, establishing contact with the Native Americans that had resided in the area for thousands of years by that point. Spanish settlers dominated the area until 1821, when Mexico achieved its independence from Spain and what is now Arizona became part of the larger “Nueva California” territory.
After the conclusion of the Mexican-American War, the United States pursued a claim to much of what would become Arizona, and was ultimately acquired by the United States after monetary compensation. The “New Mexico” territory that encompassed future Arizona remain disorganized for years, and it was actually Confederate President Jefferson Davis who organized the territory of Arizona and gave it its name officially.
The U.S. government ultimately declared a new territory of Arizona in 1863, which led to the borders we now know being established. The late 19th century saw a series of gold and silver rushes come to the area, and a boom and bust of those occurrences led to the proliferation of many ghost towns peppered throughout the state. Copper mining, however, continued to prosper, and Arizona now supplies half of the nation’s supply of newly-mined copper.
The Mexican Revolution of the early 20th century brought armed conflict into towns that were directly across from Arizona on the Mexican side of the border, and many citizens of Arizona took up arms to fight for different armies fighting in Mexico. Two battles of the Revolution were fought on American soil, Pancho Villa's 1916 Columbus Raid in New Mexico, and the Battle of Ambos Nogales in 1918 in Arizona.
Arizona was ultimately admitted as the 48th state in the United States in early 1912, and over the next fifty years would develop into a primary retirement destination due to its hot and arid climate. In the year 2000, Arizona interestingly became the first state in the country to conduct a legally-binding election entirely over the internet to nominate a candidate for public office.
One quarter of the Grand Canyon State is made up of Indian reservations that are home to 27 federally recognized Native American tribes. This includes the Navajo Nation, which has more than 300,000 citizens and is the largest Native American tribe in the country.
Different areas of the state are known for different climates depending on if someone is looking for a very hot weather, or more of nature feel. Very hot desert climate can be found in Southern Arizona, while forests, pine trees, deep canyons, moderate summer temperatures and even snow in the winter can be found in Northern Arizona.
If you reside in Arizona, All Reverse Mortgage® is here to answer your questions.
Other Areas of Interest in Arizona
Arizona Approved Reverse Mortgage Counseling Agencies
|Agency Name||Phone||Address||Website||Agency ID||Languages|
|CREDIT.ORG - MESA||855-736-7729||4140 E Baseline Rd Ste 101|
Mesa, Arizona 85206-4413
|WESTERN ARIZONA COUNCIL OF GOVERNMENTS (WACOG)||928-217-7123||1235 S Redondo Center Dr|
Yuma, Arizona 85365-2039
|WESTERN ARIZONA COUNCIL OF GOVERNMENTS HOPE - HECM||928-217-7161||1235 S Redondo Center Dr|
YUMA, Arizona 85365-2039
Did you know? Arizona state does not mandate in-person counseling. Visit our counseling page for a list of phone-based counseling agencies and conduct your required counseling from the comfort of your home.
Our Exclusive Programs Designed to Fit Your Needs.
All Reverse Mortgage© has consistently brought exclusive offers to our valued Arizona 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 competitive rates that you won't find elsewhere:
|Exclusive3.43% (4.43% APR) Fixed Rate for Life|
|Government Insured & Jumbo Proprietary Programs|
|Flexible Credit Lines from 2.92% with the Industries Lowest Lifetime Rate Exposure|
|ZERO Origination Fee Plans|
|ZERO Financed Closing Cost Plans|
|ZERO Monthly Servicing Fees on ALL programs|
How can we offer you more favorable terms?We are a direct lender approved by FHA (Federal Housing Administration) The HECM is literally all 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
HUD approved direct lender.
Working with a local Arizona 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!"|