Cypress's #1 Reverse Mortgage
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All Reverse Mortgage, Inc. (ARLO™) is proud to be Texas's #1 Rated Reverse Mortgage Lender by the BBB with a Perfect 5.0 Stars and A+ Exemplary Rating. We currently lend in 16 states and our headquartered in Southern California.
All Reverse Mortgage was incorporated in CA November 2004 and as the name implies, the only loan product that All Reverse Mortgage, Inc. (ARLO™) originates is in fact, 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!
Cypress Reverse Mortgage Facts
|City||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 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 Cypress 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.
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 and more.
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 $1,149,825 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, Inc. (ARLO™) is here to answer your questions.
Top Lender Resources in TX:
Reversemortgage.org NRMLA Members in Texas: https://www.reversemortgage.org/Find-a-Lender/state/TX
HUD.GOV Lenders: HUD.GOV Approved Lenders Search