Cypress 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 Cypress, Texas.
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 Cypress 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.
Cypress Reverse Mortgage Facts
||Homeowners Age 62+
||Reverse Mortgages Closed Last 12 Months
||Purchase Reverse Mortgages Closed Last 12 Months
||Lenders in Cypress (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 Cypress 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.
Cypress Lending Limits
Cypress, Texas, is located in Harris County. The community is unincorporated, though it falls within extraterritorial jurisdiction of Houston, which is
about 25 miles away. As of 2016, an estimated 161,854 people live in Cypress. Almost 13,000 seniors 62 years and older living in the two zip codes
associated with Cypress.
Cypress has an interesting history because it wasn’t until 1904 when oil was discovered in the area did rapid develop begin in the area Cypress now
occupies. Even so, it wasn’t until the 1990s did the area change from mostly rural to Houston’s largest suburb. Within Cypress are numerous master-planned
communities. These homes are occupied by families and individuals who mostly work in manufacturing, education, retail, healthcare, scientific services
The suburb has many activities residents can partake in when they’re home from work or relaxing on the weekend. At least five golf courses are in
the area. But if golfing isn’t suitable, residents can check out the Richard E. Berry Educational Support Center, which contains an arena, theater, stadium,
conference center and food production center — all under one roof.
The median home value in Cypress is $210,600, which saw a decrease of 6.3 percent in the last year. It is predicted that home values will rise this year by 1.5
percent. Even with the predicted rise in home values, many homes will still be under the federal reverse mortgage lending limit of $636,150 that applies to
HECM loans. For higher valued homes outside the HECM lending limit, there are jumbo programs available.
If you reside in Cypress 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