Compare Bend's Best Reverse Mortgages
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Bend Reverse Mortgage Lenders
All Reverse Mortgage, Inc. (ARLO™) is proud to be Oregon'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!
Bend Reverse Mortgage Facts
|City||Homeowners Age 62+||Reverse Mortgages Closed Last 12 Months||Purchase Reverse Mortgages Closed Last 12 Months||Lenders in Bend (est)||Avg. Home Value|
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 Bend 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.
Bend Lending Limits
Located in the state of Oregon, Bend is in Deschutes County and is central Oregon’s largest city with a population of 81,236 in 2013. There are 10,999 homeowners over 62 living in Bend.
Until late 1824 the area that is now Bend was mainly visited by Native Americans who used the area for hunting and fishing. In 1824 members of a fur trapping party visited the area, and shortly thereafter John C. Fremont, John Strong Newberry and other Army survey groups came to the area. The first commercial sawmill was constructed in Bend in May 1901 by the Pilot Butte Development Company.
The climate in Bend consists of cool nights and sunny days. The city sits on the boundary of the Eastern Cascades Slopes and Foothills and the Deschutes River Valley. On Bend’s eastern edge the Horse Lava Tube System enters the city and just south of the area is Newberry National Volcanic Monument.
Other areas for outdoor activities in Bend include Drake Park, Lava River Cave, Mount Bachelor ski area, Oregon Badlands WIlderness, Pilot Butte State Park and Tumalo State Park.
Bend is also home to the professional cross country ski team XC Oregon. The team competes throughout the country as well as internationally. In recent years, the city had success landing major sporting events like the 2008 and 2009 USA Winter Triathlon National Championships, the 2008 and 2009 XTERRA Trail Running National Championships and the 2009 and 2010 United States National Cyclocross Championships. The city is ideal for cycling as it has more than 300 miles of trails perfect for mountain biking.
Living in Bend, the average home value is $375,800, which is well below the maximum reverse mortgage lending limit of $1,089,300.
If you reside in Bend All Reverse Mortgage, Inc. (ARLO™) is here to answer your questions.
Additional Oregon Lender Resource Links:
Reversemortgage.org NRMLA Members in OR: https://www.reversemortgage.org/Find-a-Lender/state/OR
HUD.GOV Approved Lenders in Oregon for HECM Loan
Our Exclusive Programs Designed to Fit Your Needs
All Reverse Mortgage© has consistently brought exclusive offers to our valued San Jose 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 program benefits that you won't find elsewhere:
|Exclusive 6.680% (8.094% APR) Fixed Rate for Life|
|Government Insured & Jumbo Proprietary Programs|
|Flexible Credit Lines 6.67% (2.00 Margin) with the Industries Lowest Lifetime Rate Exposure|
|ZERO Origination Fee Options|
|ZERO Financed Closing Cost Options (*on select jumbo programs)|
|ZERO Monthly Servicing Fees on ALL programs|