All Reverse Mortgage, Inc. (ARLO™) is proud to be Washington's #1 Rated Reverse Mortgage Lender by the BBB with a Perfect 5.0 Stars and A+ Exemplary Rating. We currently lend in 16 states and our headquartered in Southern California.

All Reverse Mortgage was incorporated in CA November 2004 and as the name implies, the only loan product that All Reverse Mortgage, Inc. (ARLO™) originates is in fact, the reverse mortgage.

We’re committed to be your lender because you deserve the best rate at the lowest price possible.

We’re a HUD Approved direct lender lending the national HECM programs and offer a suit of Non-FHA & Jumbo Reverse Mortgages to better suit homeowners in SoCal with higher value homes over the national 2023 lending limit of $1,089,300.

We welcome you to compare our reviews and our lower rates and closing costs to any other major lender! The difference is clear, and we can’t wait to show you!

Bellingham Reverse Mortgage Facts

HUD Approved Direct Lender

All Reverse Mortgage, Inc. (ARLO™) 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, Inc. (ARLO™) originates in Bellingham 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.

Bellingham is a moderately-sized college town in the Pacific Northwest, nearly evenly situated between Seattle to the south and Vancouver, British Columbia to the north. Prior to the first European settlers arriving to the area in 1858, the settlement now known as Bellingham was home to members of the Lummi and other neighboring tribes. As a byproduct of the Fraser Canyon gold rush in the late 1850s, though, Bellingham went from a small settlement to a very active seaport very rapidly.

Bellingham was officially incorporated as its own city in 1903, the result of a gradual consolidation of four smaller settlements into one. While its primary employer these days is PeaceHealth St. Joseph Medical Center, the city’s history has ranged from primarily serving as a coal mining settlement early on before evolving into a more modern economy as railroads and later the Interstate highway system allowed easier access to the settlement by people from all over.

Bellingham is a mere 20 miles from the Canadian border, and it’s not uncommon for locals on both sides of the border to take day trips into each others’ countries to go shopping, or take in the beautiful environments in these communities.

As a college town, Bellingham is home to Western Washington University (WWU). A public institution that also serves as the northernmost university in the contiguous United States. With a naturalistic campus that looks almost like the buildings are outgrowths along with the trees and rocks, WWU (or, more commonly, “Western”) bolsters Bellingham’s population and makes the surrounding campus areas a very active part of the community.

Bellingham is also home to a vibrant local arts scene, with numerous small theaters and film festivals taking place around the city at any given point in the year. Historic Downtown Bellingham embraces much of the city’s early-to-mid-20th century development period, and neighboring areas like the Fairhaven Historic District and Sehome also serve to give the city a unique identity in comparison to the rural localities in and around Whatcom County, Washington, with Fairhaven helping to bring an early-mid 1900s vibe to a vibrant scenery of shops, hotels and eateries.

Bellingham is a beautiful city, and its residents know it. A lot of top destinations for visitors revolve around the natural beauty situated around the area, including Whatcom Falls and Boulevard Parks. Walks around nearby Lake Padden or the trails on Chuckanut Drive are also a big hit with locals and visitors, and places like the Whatcom Museum or the Spark! Museum of Electrical Invention also help to highlight some of the area's unique history.

In terms of the city’s climate, Bellingham falls pretty well in-line with the rest of the Puget Sound region of Washington state. It’s generally mild, reaching average highs of around 72 degrees fahrenheit in the middle of the summer, and average lows of 32 degrees in December and January. Occasionally Bellingham’s hotter days can reach as high as the 90’s and its coldest days can reach below 0, but these are generally rare occurrences owing to its proximity to the Pacific Ocean.

Because it is situated on the ocean on its western side, Bellingham’s marine oceanic climate is also affected by cold northeastern winds in the winter that come down from Canada. Bellingham is also partially protected from much of the rainfall seen to its southwest direction, since the settlement is partially protected by the surrounding Olympic Mountains. Average annual rainfall in the city is 34.84 inches, slightly less than Seattle’s.

Yes, Seattle has a pronounced reputation concerning its own rainfall, but up in Bellingham you won’t get quite as much of it. The skies can be grey, but the climate is generally welcoming, getting neither overly cold nor hot.

Thirteen percent of Bellingham’s population is made up of seniors that are at least 65 years old, based on U.S. Census Bureau data. The vast majority of Bellingham’s senior population, 71% (accounting for nearly 5,000 households) are also homeowners as opposed to renters. That means there’s a quite large community of seniors that call Bellingham their long-term home.

Thousands of the senior households in Bellingham may be eligible to obtain a reverse mortgage. Several of these older homeowners have already done their research and begun using reverse mortgages to support their retirement needs.

Compared with the average home price in Arizona, Bellingham’s median home price is nearly $45,000 higher than the rest of the state at $431,900, according to the Zillow Home Value Index. Prices in the area have increased 8.8% over the past year, and Zillow projects that they will continue to rise over the course of the next year by roughly 4.7%.

While some homes in Bellingham may be worth more than this median value, if your home has been appraised for more than the HUD lending limit of $1,089,300, you may still be able to tap into your home equity with the help of a reverse mortgage.

If you're a homeowner who fits this description and you're interested in using a reverse mortgage to supplement your retirement, you might want to consider a jumbo reverse mortgage, from which you may be able to access a greater portion of your home equity than you otherwise would with a HUD-backed HECM reverse mortgage.

Reverse mortgages might not be the perfect solution for every homeowner, but depending on your particular situation, a HECM could be something to consider as you approach your retirement years.

If you reside in Bellingham or are planning to move there, All Reverse Mortgage is here to answer your questions. Call us Toll Free (800) 565-1722.

Additional Washington State Resource Links:
Reversemortgage.org NRMLA Members in Washington
HUD.GOV Approved Lenders in WA State for HECM Loan

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