Bend Reverse Mortgage Lenders
All Reverse Mortgage ® is the trademarked business name of United Southwest Mortgage Corporation, Inc.
headquartered out of Southern California but lending in many states nationwide, including Bend, Oregon.
All Reverse began in November of 2007 and as the name implies, the only loan product that All Reverse Mortgage Company originates
is the residential reverse mortgage loan (and United Southwest Mortgage Corporation as well for that matter).
We offer reverse mortgages to Bend 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
Company is well positioned to be able to assist borrowers with all the specific needs associated with the reverse mortgage programs.
Bend Reverse Mortgage Facts
||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 Lenders
United Southwest and All Reverse are approved lenders with HUD
(Department of Housing and Urban Development) 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 Bend and closes both refinance loans where borrowers
already own their home and are looking 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 the mortgage of last resort.
Everything from the elimination of the 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 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 $636,150.
If you reside in Bend All Reverse Mortgage® is here to answer your questions. Access our free calculator to estimate your reverse mortgage lending limit or call usToll Free(800) 565-1722
• How to find the Best Reverse Mortgage Lender
• HUD.GOV Lender List
• ReverseMortgage.org Lender Finder