Atlanta Reverse Mortgage Lenders
All Reverse Mortgage® is headquartered in Southern California, but lends in many states nationwide, including Atlanta, Georgia.
All Reverse began in November 2007 and as the name implies, the only loan product that All Reverse Mortgage® originates is the
residential reverse mortgage loan.
We offer reverse mortgages to Atlanta homeowners and our staff has a combined lending experience exceeding 100 years with national mortgage
banking experience on both coasts and points between. Due to this varied direct experience, All Reverse Mortgage® is well positioned to be able to
assist borrowers with all specific needs associated with the reverse mortgage program.
Atlanta Reverse Mortgage Facts
||Homeowners Age 62+
||Reverse Mortgages Closed Last 12 Months
||Purchase Reverse Mortgages Closed Last 12 Months
||Lenders in Atlanta (est)
||Avg. Home Value
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 their reverse mortgage loan.
All Reverse Mortgage® originates in Atlanta 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®
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 as a mortgage of last resort. Everything from the elimination of the existing
mortgage payments to the line of credit that grows 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.
Atlanta Lending Limits
Atlanta is the largest city in the state of Georgia, with a population near 456,378 as of 2016. Senior homeowners 62 years
and older constitute about 13.5 percent of the city’s population.
Atlanta has a long and storied history, as its roots can be traced back to 1837. Atlanta had become a major railroad hub before the Civil War.
Following a period of rebuilding, Atlanta experienced rapid growth as the city expanded its limits. Flash forward to modern day, Atlanta has become a
global city by having the world’s busiest airport (Hartsfield-Jackson Atlanta International Airport) and hosting the 1996 Summer Olympics.
Because of its size and prominence, Atlanta residents and tourists will find no shortage of activities to spend time doing or places to visit. From the
Atlanta Symphony Orchestra to underground concerts and large scale music festivals, Atlanta is home to many events celebrating the
arts and culture. And the sports scene is vibrant, as Atlanta is home to the Falcons (NFL), Braves (MLB) and Hawks (NBA). The Georgia Bulldogs
college football team also has many fans in the city.
Atlanta’s economy is diverse. Many global corporations have their headquarters based in Atlanta, including Coca-Cola, Home Depot, Delta
Airlines and Chick-fil-A.
The median home value in Atlanta, Georgia, is $235,200 - an increase of 12.1 percent in the last year. Home values are projected to rise another 3.3
percent in 2018. Some Atlanta, Georgia homes are below the federal reverse mortgage lending limit of $726,525. For those with homes valued above the
federal lending limit, there are several private jumbo reverse mortgage programs available that may better suit those homeowners.
If you reside in Atlanta, All Reverse Mortgage® is here to answer your questions. Access our online reverse mortgage calculator to estimate
your reverse mortgage lending limit or call us Toll Free (800) 565-1722