Dallas Reverse Mortgage Lenders
We are proud to be Texas's #1 rated reverse mortgage lender by the BBB with a Perfect 5.0 stars and A+ review. All Reverse Mortgage® lends in 16 states nationwide, including Dallas, TX.
All Reverse began in 2004 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 Dallas 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.
Dallas Reverse Mortgage Facts
||Homeowners Age 62+
||Reverse Mortgages Closed Last 12 Months
||Purchase Reverse Mortgages Closed Last 12 Months
||Lenders in Dallas (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 Dallas 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.
Dallas Lending Limits
Dallas is currently the ninth-largest city in the U.S., and third-largest in Texas behind Houston and San Antonio, respectively.
While the majority of the city is located in Dallas County, parts of the city can also be found in Collin, Rockwell, Kaufman and Denton counties.
John Neely Bryan built the first structure in the area and over the years, more settlers moved into the area. The origin of Dallas’s name is largely unknown,
but it’s most likely residents at the time named it after Vice President George Mifflin Dallas. The city’s population surged because of its
proximity to numerous railroad lines and its importance in the cotton and oil industries.
As of 2016, about 1.2 million people live in Dallas, and 150,553 people are residents 62 years and older. As with any major city, Dallas
has many unique features and neighborhoods. Places of interest include the George W. Bush Presidential Center, the Arts District,
Dallas Zoo and the Museum of Art, to name a few. When people aren’t enjoying the city’s many social offerings, they’re most likely working.
Dallas has a robust economy, one that is much more diverse since it doesn’t rely on cotton and oil. A large number of Fortune 500 companies are
headquartered in Dallas, including AT&T, Energy Transfer Equity, American Airlines, Tenet Healthcare, Texas Instruments, Dean Foods and Neiman Marcus.
The median home value in Dallas is $164,700, which saw an increase of 14.1% in the last year. It is predicted that home values will rise again this year by 5.4%.
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 Dallas 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
Top 3 Lender Resources in TX:
Top 10 Lender Reviews & Ratings: https://reverse.mortgage/best-reverse-mortgage-lenders
Reversemortgage.org NRMLA Members in Texas: https://www.reversemortgage.org/Find-a-Lender/state/TX
HUD.GOV Lenders: https://www.hud.gov/program_offices/housing/sfh/lender/lenderlist