Fontana's #1 Reverse Mortgage
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All Reverse Mortgage, Inc. (ARLO™) is proud to be California'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!
Fontana Reverse Mortgage Facts
|City||Homeowners Age 62+||Reverse Mortgages Closed Last 12 Months||Purchase Reverse Mortgages Closed Last 12 Months||Lenders in Fontana (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 Fontana 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.
Fontana is a city of roughly 43 square miles located adjacent to the San Bernardino mountains in San Bernardino, California. With a population of 213,739, Fontana is the county’s second most populous city, with population growth of nearly 9% from the years 2010 to 2018. The city was founded in the early 20th century and was home to a large steel mill built in 1941 by Henry J. Kaiser. At the time, the plant was only one of a couple plants of this kind located west of the Mississippi River, drawing industrial workers to the area, and serving as a major transforming force for the city. Today, the site of the plant is now home to Auto Club Speedway, which is a host track for NASCAR and Xfinity auto racing series.
Fontana residents enjoy a very warm, dry climate, marked by frequent Santa Ana winds that bring warm desert air from the Mojave Desert. Summer average temperatures in Fontana hover around the mid 90s, while winter averages are in the low- to mid-60s. The area sees very little rainfall, with an average of less than 15 inches of precipitation per year.
The median home value in Fontana is $597,515, which is an increase of 8.20% year-over-year. The majority of Fontana residents own their homes, with 38,590 owner-occupied households out of a total 59,433 households as of 2019. Most Fontana, California homes are below the federal reverse mortgage lending limit of $1,149,825, meaning most qualified borrowers in the area will be able to utilize the HECM product to serve their reverse mortgage needs. For those Fontana homeowners with homes valued above the federal lending limit, there are private jumbo reverse mortgage programs available that may be more suitable.
If you reside in Fontana, All Reverse Mortgage, Inc. (ARLO™) is here to answer your questions.