Gilbert Reverse Mortgage Lenders
We are proud to be Arizona'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 including all of Arizona and Gilbert, AZ.
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 Gilbert 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.
Gilbert Reverse Mortgage Facts
||Homeowners Age 62+
||Reverse Mortgages Closed Last 12 Months
||Purchase Reverse Mortgages Closed Last 12 Months
||Lenders in Gilbert (est)
||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 Gilbert 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 Mortgage® 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 well. Jumbo or proprietary
programs typically offer much lower Principal Limits as they relate to values, 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 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.
Gilbert Lending Limits
Gilbert, Arizona, is a town located in the Phoenix metropolitan area, which is found in Arizona’s Maricopa County.
As of 2016, Gilbert has a population of approximately 227,000, with about 11 percent of the population being senior homeowners 62 years or older.
Given its total population, Gilbert is actually the most populous incorporated town in the U.S.
The residents will find plenty to do in Gilbert, such as visiting the numerous aquatic parks to dining at
some truly unique restaurants. The Heritage District is particularly appealing to residents and visitors, as it
places an emphasis on antiques and handmade goods not found anywhere else.
Gilbert’s economy is driven by the health care, retail and education sectors. The largest employers in the
area include Gilbert Public Schools, Banner Health and the web hosting company, GoDaddy.
The median home value in Gilbert, Arizona, is $315,294 - an increase of 7.4 percent in the last year.
Home values are projected to rise another 3.5 percent in 2018. Even with the predicted rise in home values, many Gilbert, Arizona
homes will still well within the bounds of the federal reverse mortgage lending limit of $726,525.
If you reside in Gilbert, 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
Also See: Compare Today's Top 10 Reverse Mortgage Lender Reviews & Ratings