Federal Way Reverse Mortgage Lenders
At All Reverse Mortgage, Inc. (ARLO™), we are proud to be Washington’s #1 Rated Reverse Mortgage Lender, as recognized by the Better Business Bureau. We have a perfect 5-star rating and an A+ exemplary score. We’ve been serving Federal Way homeowners since 2004 and are dedicated to providing reverse mortgages that help you enjoy your retirement years with peace of mind.
We understand that you deserve the best possible rate with the lowest costs. That’s why we focus solely on reverse mortgages, ensuring you receive expert guidance every step of the way. As a HUD-approved direct lender, we offer both national HECM programs and specialized jumbo Reverse Mortgages for homeowners with higher-value properties in Washington State.
We invite you to compare our customer reviews, lower rates, and closing costs with those of any other lender. We’re confident you’ll see the difference, and we look forward to helping you achieve your financial goals.
All Reverse Mortgage, Inc. is licensed by the Department of Financial Institutions (#CL-13999)
Federal Way Reverse Mortgage Facts
| City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Federal Way (est) | Avg. Home Value |
|---|---|---|---|---|---|
| Federal Way | 14,570 | 8 | 1 | 6 | $593,734 |
HUD Approved Direct Lender
All Reverse Mortgage, Inc. (ARLO™) is approved by the Department of Housing and Urban Development (HUD) to originate, underwrite, and close HUD’s Home Equity Conversion Mortgage (HECM, or “Heck-um”). The HECM is HUD’s reverse mortgage loan program.
All Reverse Mortgage of Federal Way originates and closes refinance loans for homeowners who are looking to either pay off their existing loan and eliminate monthly mortgage payments, use their equity for other purposes if they have no existing loan, or a combination of both.
About All Reverse Mortgage of Federal Way
The team at All Reverse Mortgage, Inc. has extensive experience, including being part of the group that introduced the first fixed-rate jumbo reverse mortgage in 2008. With this background, we are constantly exploring new products for homeowners in high-value markets where the HUD HECM may not be the best fit. Although jumbo or proprietary programs often offer lower Principal Limits relative to property values, they can be the right solution for certain borrowers.
An experienced originator can help you weigh the pros and cons of each program and make an informed decision. There may be a mix of HUD HECM and niche jumbo opportunities in various markets, allowing homeowners aged 62 and above to leverage reverse mortgages as a versatile financial tool. This can be particularly valuable for those seeking to eliminate mortgage payments or establish a growing line of credit, enhancing their retirement plans.
Federal Way, Washington, is the ninth-largest city in the state, with a population of approximately 94,000 as of 2016. Senior homeowners aged 62 and older comprise about 15.5 percent of the population, creating a substantial community of retirees who may benefit from reverse mortgages.
Although Federal Way is a relatively young city, having been incorporated in 1990, it has experienced strong growth. Residents can enjoy numerous parks, including Steel Lake Park, Dash Point State Park, and the BPA Trail, all of which offer a variety of recreational activities.
The city’s economy is driven primarily by healthcare, retail trade, and manufacturing jobs, providing a stable foundation for local residents.
As of January 2023, the median home value in Federal Way is $593,734, reflecting a 12 percent increase over the past year. Even with rising home values, most homes in Federal Way are well within the federal reverse mortgage lending limit of $1,209,750. Private jumbo reverse mortgage programs are available for those whose homes are valued above this limit, which may offer a better fit for accessing additional home equity.
If you reside in Federal Way or are considering moving here, All Reverse Mortgage, Inc. (ARLO™) is here to assist you.
Access our online reverse mortgage calculator to estimate your lending limit, or call us today at (253) 400-3444.
