Compare Arkansas's Best Reverse Mortgages

Top 10 Reverse Mortgage Lenders in Arkansas

We are proud to be Arkansas's #1 rated reverse mortgage lender by the BBB with a Perfect 5.0 stars and A+ review. All Reverse Mortgage® lends in 16 states nationwide, and throughout all of Arkansas state.

Since we started in 2004, our goal has remained simple: to offer the best terms with unbeatable customer service.

We are HUD Approved and offer a full suite of HECM & Jumbo Reverse Mortgages.

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!

HUD Approved Direct Lender

All Reverse Mortgage® 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 the reverse mortgage program it administers for seniors who are 62 and older.
 
All Reverse Mortgage® originates in Arkansas and offers several reverse mortgage options. In some instances, borrowers are looking to pay off their existing loan and eliminate their monthly mortgage payment. Or, if they already have paid off their mortgage, a reverse loan can help borrowers utilize their equity for other purposes. In some cases, borrowers can do both. They also may use a specific type of reverse mortgage to purchase a new home.
 

About All Reverse Mortgage® of AK

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.

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Arkansas Lending Limits

Arkansas ranks as the 32nd most populous state in the U.S. and the 29th largest in terms of land size. As of 2017, about 3,004,279 people resided in the state, with 498,710 aged 65 and older. About 65% of people in the state are homeowners.

Named for the native Quapaw word for “south wind,” Arkansas was first explored by Europeans when the French came in the late seventeenth century. The area was purchased by the United States as part of the Louisiana Purchase and officially became a state in 1836. During the Civil War, the state fought for the South and withdrew from the United States to be a member of the Confederacy.

Little Rock is both the state capital and Arkansas’ largest city with an estimated population of 196,188. Along with being the former home of Bill and Hillary Clinton, the city is known for the “Little Rock Nine,” a group of black students who famously were escorted into a newly integrated high school by the National Guard. The notable event followed Brown v. the Board of Education, which ruled segregation to be illegal. A statue dedicated to the students stands on the state capitol grounds. Little Rock is also home to the nation’s only purse museum.

The next largest cities in the state are Fort Smith, Fayetteville, and Springdale, which are all located around the northwest corner of the state. Hot Springs, with its national park of the same name, is known for the natural healing hot springs and the bathhouses and spas and built around them. Another city, Bentonville, boasts being the birthplace of Walmart. The largest industries in Arkansas are agriculture, transportation and logistics, and food manufacturing. It’s biggest companies are Dillard’s, Sam’s Club, and J.B. Hunt Transport Services.

Arkansas experiences all four seasons, with snow in the winter and occasional thunderstorms in the warmer months. The state is classified as having a humid subtropical climate, with the southern half warmer and more humid than the more mountainous and hilly north. With the four seasons, temperatures can vary wildly, with an annual average high of 92 degrees Fahrenheit and an average low of 32 degrees Fahrenheit.

The average home value in the state is $121,800, and prices are projected to rise an additional 8.5% in the next year. Given this average, many homes fall below the federal maximum reverse mortgage lending limit of $765,600 that applies to all HECM loans. For more borrowing power above the federal limit, there are jumbo reverse mortgage programs available.

If you reside in Arkansas, All Reverse Mortgage is here to answer your questions

Also See:
Reversemortgage.org NRMLA Members in Arkansas
HUD.GOV Approved Lenders Search