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Compare Columbia Sc's Best Reverse Mortgages
Compare Columbia Sc's Best Reverse Mortgages
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Columbia Sc's #1 Reverse Mortgage

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ARLO

ARLO

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In your current area 100 homeowners are currently utilizing reverse mortgages to better enhance their retirement years, with 500,000 nationwide!

The amount you receive is based on your home’s value, your age, and current interest rates. Let’s start with your address so I can estimate your home value…
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If you feel this estimate is not correct you can manually change it below. If you have an existing mortgage balance, I'll need to know the amount we are going to pay off to get rid of that mortgage payment!

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If you presently have an existing mortgage balance, I'll need to know the amount we are going to pay off to get rid of that mortgage payment!
(Our calculations use estimated property values provided by Estated.com. An independent HUD-approved appraiser must complete an appraisal to finalize your loan)
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The minimum qualifying age for a reverse mortgage is 55

Don’t forget to include your spouse’s age, even if they are not yet 55, as loan proceeds are always based on the age of the youngest spouse.
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Your personalized results include the best of 2024's reverse mortgages
  • Side-by-side loan comparisons
  • Real-time interest rates
  • ARLO™ advice to help you select the right program
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2021 BBB Torch Award Finalist
Best Reverse Mortgage Lender
Best Reverse Mortgage Website
Best Reverse Mortgage Website

Columbia Reverse Mortgage Lenders

We are proud to be South Carolina’s #1 rated reverse mortgage lender by the BBB with a Perfect 5.0 stars and A+ review. All Reverse Mortgage, Inc. (ARLO™) lends in 16 states nationwide, including Columbia, SC.

All Reverse began in 2004 and as the name implies, the only loan product that All Reverse Mortgage, Inc. (ARLO™) originates is the residential reverse mortgage loan.

We offer reverse mortgages to Columbia 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, Inc. (ARLO™) is well positioned to assist borrowers with all specific needs associated with the reverse mortgage program.

Columbia Reverse Mortgage Facts

CityHomeowners Age 62+Reverse Mortgages Closed Last 12 MonthsPurchase Reverse Mortgages Closed Last 12 MonthsLenders in Columbia (est)Avg. Home Value
Columbia5,868805$242,927

HUD Approved Direct Lenders

All Reverse Mortgage Inc. (ARLO™) 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 originate in Columbia and close 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’re here to answer your questions and provide the support you need to make the best decision for your financial well-being.

Columbia, South Carolina Reverse Mortgage Lending Limits

As the capital of South Carolina, Columbia is located at the state’s geographic center, just 13 miles northwest of its center. Home to over 800,000 residents in its wider metropolitan area, Columbia is known for its rich history, diverse culture, and strong sense of community.

A Rich History

Columbia’s history dates back to the mid-1500s when Spanish explorers encountered the Congaree Native Americans. By the late 18th century, Columbia was officially established as South Carolina’s capital. The city played a crucial role during the American Civil War and has since grown into a major center for higher education, with the University of South Carolina established here in 1801.

Columbia’s economy boomed during the early 20th century due to its prominence in the textile manufacturing industry. Today, the city remains an important cultural and economic hub in the Southeast, boasting a vibrant art district, popular museums, and annual festivals.

Columbia Senior Population and Lending Limits

Seniors make up 9% of Columbia’s population, and approximately 6,000 senior households own homes. Many senior homeowners in Columbia may qualify for a reverse mortgage, which provides a valuable option for accessing their home equity for retirement purposes.

According to the Zillow Home Value Index, the median home value in Columbia was $242,927 as of January 2024. Many Columbia homes fall under the HECM reverse mortgage lending limit of $1,149,825, making it a suitable option for most homeowners. For higher-valued homes, jumbo reverse mortgages may offer an opportunity for more equity.

If you’re a senior homeowner in Columbia and are curious about how a reverse mortgage could benefit you, All Reverse Mortgage, Inc. (ARLO™) is ready to assist.

How to Learn More

To estimate your reverse mortgage lending limit or explore options, visit our reverse mortgage calculator or call us at Toll-Free (800) 565-1722. We’re here to help you make informed decisions to ensure you can continue enjoying your retirement.

Top Lender Resources in SC:
Reversemortgage.org NRMLA Members in South Carolina: https://www.reversemortgage.org/Find-a-Lender/state/SC
HUD.GOV Lenders: HUD.GOV Approved Lenders Search

Author Michael Branson
About the Author, Michael G. Branson | Mike@allreverse.com
Michael G. Branson CEO, All Reverse Mortgage, Inc. and moderator of ARLO™ has 45 years of experience in the mortgage banking industry. He has devoted the past 19 years to reverse mortgages exclusively.
Columbia Reverse Mortgages
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