Brentwood Reverse Mortgage Lenders
All Reverse Mortgage® is headquartered in Southern California, but lends in many states nationwide, including Brentwood, California.
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 Brentwood 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.
Brentwood Reverse Mortgage Facts
||Homeowners Age 62+
||Reverse Mortgages Closed Last 12 Months
||Purchase Reverse Mortgages Closed Last 12 Months
||Lenders in Brentwood (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 Brentwood 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.
Brentwood Lending Limits
In Contra Costa County, Brentwood, California has transformed itself from a rural farm community to a more modern bedroom community in the last 50 years.
Not to be confused with neighborhood Brentwood in Los Angeles, there are 51,481 people living in the city and 4,171 of the residents are
homeowners aged 62 and older, who may be eligible for a HECM.
Brentwood is becoming more and more residential each year, but the city became well-known in the 19th century for its agricultural products, especially cherries,
corn and peaches.
The average value of homes in Brentwood is $512,100, which is under the HECM lending limit of $636,150. Many people may be eligible for a reverse mortgage
and may not even know it. If a homeowner over 62 is hoping to age in place, a HECM could significantly help pay for costs later in life.
Brentwood is home to the Sacramento-San Joaquin River Delta, which is popular for boating and fishing. The Marsh Creek Trail is also a desired
attraction for those who enjoy the outdoors.
Other notable traits of Brentwood include the city's summertime farmer's market, which is especially unique because many of the farmers come right from
the area. Even since the city has become more inhabited there are still over 40 farmers in and near the city that produce fruits and vegetables.
If you reside in Brentwood, All Reverse Mortgage® is here to answer your questions. Access our free calculator to estimate
your reverse mortgage lending limit or call us Toll Free (800) 565-1722