Fort Myers Reverse Mortgage Lenders
All Reverse Mortgage® is proud to be Florida'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 all throughout Florida.
All Reverse Mortgage was incorporated in November 2004 and as the name implies, the only loan product that All Reverse Mortgage® 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 Fort Myers with higher value homes over the national 2019 lending limit of $726,525.
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
Fort Myers Reverse Mortgage Facts
||Homeowners Age 62+
||Reverse Mortgages Closed Last 12 Months
||Purchase Reverse Mortgages Closed Last 12 Months
||Lenders in Fort Myers (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 Fort Myers 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.
Fort Myers Lending Limits
Fort Myers is a rapidly growing city. As of 2016, its population is just above 71,000 people, an increase of nearly 10,000 residents since 2010.
Senior homeowners 62 years and older make up about 23 percent of Fort Myers’ population
As a growing city, Fort Myers offers fun for everyone, no matter their age. Points of interest include the Calusa Nature Center and Planetarium,
Southwest Florida Museum of History and is the spring training home of the Boston Red Sox.
Major occupation fields in Fort Myers include retail, healthcare, construction and food services.
The median home value in Fort Myers is $204,300; an increase of 0.4 percent in the last 12 months. Over the next year, home prices are projected to
increase 2.5 percent. While many of the homes in Fort Myers are valued below the federal maximum reverse mortgage lending limit of $726,525 that
applies to government-insured HECM loans, other homes may exceed the maximum reverse mortgage lending limit. For those situations, senior
homeowners can still look to jumbo loan programs to tap into their home’s equity for higher valued homes.
If you reside in Fort Myers All Reverse Mortgage® is here to answer your questions. Access our online reverse mortgage calculator to estimate your reverse mortgage lending limit or call us Toll Free(800) 565-1722
Top 3 Florida Lender Resource Links:
Top 10 Lender Reviews & Ratings: https://reverse.mortgage/best-reverse-mortgage-lenders
Reversemortgage.org NRMLA Members in Florida: https://www.reversemortgage.org/Find-a-Lender/state/FL
HUD.GOV Approved Lenders in Florida for HECM Loan