Contra Costa County Reverse Mortgage Lenders
We are proud to be California's #1 rated reverse mortgage lender by the BBB with a Perfect 5.0 stars and A+ review. All Reverse Mortgage® lends in 14 states states nationwide, including Contra Costa, CA. 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 Contra Costa 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.
Contra Costa County Reverse Mortgage Facts
||Homeowners Age 62+
||Reverse Mortgages Closed Last 12 Months
||Purchase Reverse Mortgages Closed Last 12 Months
||Lenders in Contra Costa County (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 Contra Costa County 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.
Contra Costa County Lending Limits
Contra Costa County is located in California and its meaning in Spanish is “opposite coast,” which refers to its position opposite San Francisco. As of the
2010 census, there were 1,049,025 people residing in Contra Costa County.
The county is known for Mount Diablo, which is at the northern end of the Diablo Range and is 3,849 feet high. In the 1960s, the area around the
mountain was under discussion as the location for a suburban development, but a nonprofit organization called Save Mount Diablo helped in its preservation.
Contra Costa has a large agricultural footprint that includes the production of walnuts in the central parts of the county, the production of stone fruit in the
eastern part of the county and the production of pears in the Moraga region, which is a town in Contra Costa County.
Housing in the county has gained popularity over the years following the rising home prices in nearby San Francisco. This shift has brought much
gentrification to Contra Costa County. Currently home values in the county average around $599,900—higher than national averages, but much lower
relative to home values in nearby San Francisco.
If you live in Contra Costa, your home may be eligible for a Home Equity Conversion Mortgage, which carries a maximum lending limit of $636,150. Or,
you may be able to qualify for a jumbo reverse mortgage that provides more borrowing power for homeowners with home values exceeding the federal
If you reside in Contra Costa County 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