Charlotte Reverse Mortgage Lenders
All Reverse Mortgage, Inc. (ARLO™) is proud to be North Carolina’s #1 Rated Reverse Mortgage Lender by the BBB, with a Perfect 5.0 Star Rating and an A+ Exemplary Rating. We currently lend in 16 states and are headquartered in Southern California.
All Reverse Mortgage was incorporated in CA in November 2004. As the name implies, the only loan product that All Reverse Mortgage, Inc. (ARLO™) originates is 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 2024 lending limit of $1,149,825.
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!
Charlotte Reverse Mortgage Facts
| City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Charlotte (est) | Avg. Home Value |
|---|---|---|---|---|---|
| Charlotte | 496,996 | 382 | 89 | 29 | $387,184 |
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 Charlotte 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, Inc.
Our team has been at the forefront of the reverse mortgage industry, including being part of the group that introduced the first fixed-rate jumbo reverse mortgage in 2008. This extensive experience allows us to offer personalized solutions for homeowners with high-value properties, especially in markets where a traditional HECM may not be the best fit.
Choosing the right reverse mortgage program can be complex, but our seasoned professionals are here to help. We’ll explain the benefits and considerations of each option, ensuring you can make an informed choice that suits your needs.
At All Reverse Mortgage, Inc. (ARLO™), we answer your questions and provide the support you need to make the best decision for your financial well-being.
Charlotte Lending Limits
As the largest city in North Carolina, Charlotte is known for its rapid growth and vibrant economy. With a population of approximately 880,000 as of 2024, Charlotte continues to be a hub for business and culture in the southeastern United States. About 12% of the population comprises senior homeowners aged 62 and older, making reverse mortgages a relevant option for many residents.
A City with a Strong Banking and Healthcare Presence
Charlotte was first incorporated in 1768 and has evolved into one of the most important cities in the U.S. It holds the title of the second-largest banking headquarters in the country, just behind New York City. Major financial institutions, including Bank of America, have established their headquarters in Charlotte, further solidifying its reputation in the banking sector.
Beyond its financial prowess, Charlotte offers abundant green spaces and recreational activities for residents and visitors alike. One city’s most popular park is Park Road Park, where locals can enjoy outdoor activities. Charlotte is also home to professional sports teams, including the Carolina Panthers (NFL) and the Charlotte Hornets (NBA).
Charlotte’s Economy and Job Market
Charlotte’s economy is fueled by various industries, with healthcare being one of the primary drivers. Atrium Health, a major employer in the city, contributes significantly to the local economy. Other top employers include Charlotte-Mecklenburg Schools, Walmart, and Bank of America, providing diverse job opportunities for residents.
2024 Housing Market Overview
As of January 2024, Charlotte’s median home value is $405,000, marking steady growth over recent years. With this value well within the federal reverse mortgage lending limit of $1,149,825, many senior homeowners in Charlotte can explore reverse mortgage options, such as the Home Equity Conversion Mortgage (HECM).
Jumbo reverse mortgage programs offer homeowners with properties valued above the federal lending limit access to even more of their home’s equity. This is particularly beneficial for those with high-value homes who wish to leverage their equity for retirement income or eliminate monthly mortgage payments.
Discover Your Reverse Mortgage Options
If you’re a senior homeowner in Charlotte or are considering moving to this dynamic city, a reverse mortgage could be the key to unlocking your home’s equity. Whether you’re looking to cover healthcare costs, eliminate mortgage payments, or enhance your financial security in retirement, All Reverse Mortgage, Inc. (ARLO™) is here to help.
Call us today at Toll-Free (800) 565-1722, or visit our online calculator at reverse.mortgage/calculator to explore how much equity you could access with a reverse mortgage.
