Greeley Reverse Mortgage Lenders
All Reverse Mortgage® is headquartered in Southern California, but lends in many states nationwide, including Greeley, Colorado. All Reverse began in
November 2007 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 Greeley 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.
Greeley Reverse Mortgage Facts
||Homeowners Age 62+
||Reverse Mortgages Closed Last 12 Months
||Purchase Reverse Mortgages Closed Last 12 Months
||Lenders in Greeley (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 Greeley 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 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.
Greeley Lending Limits
The city of Greeley, Colorado is located 49 miles northeast of Denver and in 2015 it had a population of 100,883, making it the 12th
most populous city in the state. Of the total population, there are 7,148 homeowners over the age of 62.
The city was named after an editor from the New York Tribune, Horace Greeley, after he traveled to Colorado in the 1859 Pike’s Peak Gold Rush.
The city was built upon its farming and agriculture industries, but has kept up with current technologies as it grew to its current size. .
Greeley is home to the 137th Space Warning Squadron, which is a unit of the Colorado Air National Guard, located at the Greeley Air National Guard Station.
Like most of Colorado, Greeley has plenty of outdoor areas to explore including the Poudre River Trail, the Pawnee National Grasslands and Bittersweet Park.
In addition, the city is home to the Colorado Model Railroad Museum and the Centennial Village Museum.
Also similar to other cities in Colorado, home values have been rising in Greeley. In the last year values have increased 11.8% and currently
sit at an average home price of $229,700. In the next year prices are expected to rise an additional 3.6%.
For a smaller city, Greeley has a fairly substantial medical center, the North Colorado Medical Center, which opened in 1904 as
Greeley Hospital. In 2011, the hospital partnered with Poudre Valley Health Systems and the University of Colorado Medical School.
When it comes to the arts, the city has the Union Colony Civic Center, which is one of the largest performing arts venues in the state.
The center hosts touring Broadway shows, concerts, comedians and local performing arts groups in its 1,686-seat Monfort Concert Hall.
If you reside in Greeley or are planning to move there, All Reverse Mortgage is here to answer your questions.
Access our free calculator to
estimate your reverse mortgage loan amount or call us Toll Free (800) 565-1722.