Glendale 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 Glendale, 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 Glendale 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.
Glendale Reverse Mortgage Facts
||Homeowners Age 62+
||Reverse Mortgages Closed Last 12 Months
||Purchase Reverse Mortgages Closed Last 12 Months
||Lenders in Glendale (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 Glendale 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.
Glendale Lending Limits
Glendale is a city less than 10 miles from the larger city of Phoenix. As of 2016, Glendale’s population was just under 240,000. Senior homeowners
62 years and older represent about 14 percent of the city’s overall population.
Glendale has made a name for itself as a sports destination. The Chicago White Sox and Los Angeles Dodgers share a spring training training facility in the
city. The University of Phoenix Stadium is also in the city, and it’s the home to the NFL’s Arizona Cardinals. The stadium is also home to numerous college
football games, including the 2016 National Championship. The NHL’s Arizona Coyotes also call Glendale home.
Outside of sports, Glendale’s economy is driven by retail, health care and education.
The median home value in Glendale, Arizona, is $227,800 - an increase of 9.0 percent in the last year. Home values are projected to rise
another 3.4 percent in 2018. Even with the predicted rise in home values, many Glendale, Arizona homes will still well within the bounds
of the federal reverse mortgage lending limit of $726,525.
If you reside in Glendale, 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