Compare Georgia's Best Reverse Mortgages
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Top 10 Reverse Mortgage Lenders in Georgia
|Lender Name||Years in Business||Stars (0-5.0)||Positive Reviews||Complaints||BBB Reviews|
|All Reverse Mortgage, Inc. (ARLO)||16||4.96||99%||1||Source|
|American Advisors Group (AAG)||16||4.01||80%||66||Source|
|HighTech Lending Inc||14||3.0||60%||0||Source|
|Fairway Independent Mortgage||24||4.97||99%||33||Source|
|Finance of America Reverse LLC (FAR)||17||1.0||20%||3||Source
|Liberty Home Equity Solutions, Inc.||17||3.0||60%||1||Source|
|Longbridge Financial LLC||8||1.90||38%||13||Source|
|Mutual of Omaha Mortgage||7||3.29||33%||10||Source|
|One Reverse Mortgage LLC (Quicken)||35||1.0||20%||3||Source|
|Reverse Mortgage Funding LLC||8||1.82||36%||12||Source|
All Reverse Mortgage® is proud to be Georgia's #1 Rated Reverse Mortgage Lender celebrating 16 years of excellence. We are the only GA company awarded an A+ Rating by the BBB with perfect 5-Star Reviews.
Since we started in 2004, our goal has remained simple: to offer the best terms with unbeatable customer service.
Compare our competitive rates and lower costs to any competitor and realize thousands more from your home’s equity!
The difference is clear, and we can’t wait to show you!
Georgia Reverse Mortgage Facts
Top 10 Reverse Mortgage Cities in Georgia by MCA (April 2020)
|State||Homeowners Age 62+||Reverse Mortgages Closed Last 12 Months||Purchase Reverse Mortgages Closed Last 12 Months||Lenders in Georgia||Avg. Home Value|
HUD Approved Direct Lender
All Reverse Mortgage® 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® originates in Georgia 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® of Georgia
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 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 as well.
Georgia Lending Limits
The “Peach State” has a population of 10,617,423 and over half a million people may be eligible for a reverse mortgage due to the estimated number of Georgia homeowners at or over the age of 62.
The average home value in Georgia is $206,804, which is much lower than the HECM reverse mortgage lending limit of $822,375.
Georgia began as a British colony in 1733, and was the last of the original 13 Colonies. The Peach State was named after King George II of Great Britain, but originally was made up of the land from South Carolina down to Spanish Florida. In addition, Georgia was the fourth state to ratify the Constitution on January 2, 1788.
The state downsized during the 1800s and was one of the handful of territories to declare its secession from the Union in 1861, and was one of the states that formed the Confederacy during the Civil War. Joining the Confederacy turned Georgia into a major theater of battle throughout the war, with major conflict taking place in the cities of Chickamauga, Kennesaw Mountain, and Atlanta. In September of 1864, the Confederate Army abandoned the city of Atlanta and allowed the Union to retake the city. At the end of 1864, Union General William Tecumseh Sherman began his March to the Sea, a “scorched earth” campaign which resulted in the destruction of a large swath of the state.
More than 18,000 Georgia residents died in the Civil War, nearly 20% of all who served. It was readmitted into the Union in 1870, the final of the former Confederate states to rejoin the United States. Georgia would continue to reckon with issues related to race for much of the next century.
The state, however, would also give birth to civil rights icon Rev. Martin Luther King, Jr., who emerged as a major national figure in the historic Civil Rights Movement of the 1950s and 1960s. After his death in 1968, King’s remains were moved to Atlanta on the grounds of the Martin Luther King Jr. National Historical Park.
The climate in Georgia is humid subtropical and hot and humid summers are very typical aside from the highest elevations. Along with the heat, there is also a large amount of precipitation in the state. Georgia’s average annual rainfall is around 45 to 75 inches each year.
The largest cities in Georgia are Atlanta, Columbus, Augusta, Macon and Savannah. One of the largest industries in the state is agriculture due to the warm weather and good growing climate. Georgia is the number one pecan producer in the world, and is also known for its peach crops.
Georgia has plenty of things to do in terms of tourism around the state. Atlanta is home to the High Museum of Art and the Michael C. Carlos Museum. The Fox Theatre, the Atlanta Opera and the Georgia Aquarium, are also local attractions in Atlanta.
The average home value in the state is $206,804, and prices are expected to fall 1.5% in 2020 due to the effects of the COVID-19 pandemic on the U.S. economy.
If you reside in Georgia, All Reverse Mortgage® is here to answer your questions.
Georgia Approved Reverse Mortgage Counseling Agencies
|Agency Name||Phone||Address||Website||Agency ID||Languages|
|HANCOCK COMMUNITY DEVELOPMENT CORPORATION||877-284-4326||300 Henderson Ext|
Athens, Georgia 30606-3738
|TOTALLY FREE, INC.||912-265-1515||1515 1/2 Newcastle Street|
BRUNSWICK, Georgia 31520-6806
|HORIZON COUNSELING INC.||888-315-4326||102 N Bartow St|
CARTERSVILLE, Georgia 30120-3106
|ATLANTA LEGAL AID SOCIETY, INC.||770-817-7538||246 Sycamore St|
Decatur, Georgia 30030-3442
|CCCS OF THE SAVANNAH AREA, INC. - HINESVILLE BRANCH||912-691-2227||135 E. MLK Dr Suite A|
Hinesville, Georgia 31313
|CCCS OF THE SAVANNAH AREA, INC.||912-691-2227||Park South Office Center|
7505 Waters Ave., Suite C-11
Savannah, GA 31406-3820
Savannah, Georgia 31406
|CCCS OF THE SAVANNAH AREA, INC. - STATESBORO BRANCH||912-691-2227||515 Denmark Street|
STATESBORO, Georgia 30458-5287
|NID-HCA GEORGIA||678-735-6550||4788 Jonesboro Rd, Bldg B, Ste1|
UNION CITY, Georgia 30291-1996
Did you know? Georgia state does not mandate in-person counsleing. Visit our counseling page for a list of phone-based counseling agencies and conduct your required counseling from the comfort of your home.Additional Resources:
Reversemortgage.org NRMLA Members in Georgia
HUD.GOV Approved Lenders Search
Our Exclusive Programs Designed to Fit Your Needs.
All Reverse Mortgage© has consistently brought exclusive offers to our valued Georgia homeowners. Because of our unique process we're able to offer a better federally-insured reverse mortgage with no compromise.
Take a look at some of our competitive rates that you won't find elsewhere:
|Exclusive 3.06% (4.06% APR) Fixed Rate for Life|
|Government Insured & Jumbo Proprietary Programs|
|Flexible Credit Lines from 2.23% with the Industries Lowest Lifetime Rate Exposure|
|ZERO Origination Fee Plans|
|ZERO Financed Closing Cost Plans|
|ZERO Monthly Servicing Fees on ALL programs|
How can we offer you more favorable terms?We are a direct lender approved by FHA (Federal Housing Administration) The HECM is literally all we do. All Reverse Mortgage is not just a name for us. We have a very low (almost non-existent) staff turnover and our people are experts. We don't work with Brokers, allowing us to pass the savings on to you. We don't hire "celebrity" spokespersons as we don't believe you should have to pay for a lender's expensive marketing budget with higher loan costs. We Charge Less! Check out our competition and our customer ratings. We never forget that this loan is about you and your needs and we put you first with superior service and lower costs.
All Reverse vs. the others
HUD approved direct lender.
Working with a local Georgia lender saves you time and money.
As an award-winning direct lender our goal remains simple; to offer you the very best terms accompanied by extraordinary customer service.
What Our Customers Are Saying
|"There was no car salesman type of protracted negotiation. All reverse got right down to a good quote without a series of incremental steps."|
|"I was surprised how easy it was to deal with an out of state company. Actually it was much easier than my previous dealings with local banks and brokers"|
|"It is a wonderful feeling to have no mortgage and extra cash in our pocket. We are very happy."|
|"Thank you to All Reverse for handling everything in an efficient and smooth way. Thoroughly appreciate everything you have done to make things easy for me."|
|"This was the smoothest mortgage process I have ever experienced! And so fast!"|