Compare Hawaii's Best Reverse Mortgages
Hawaii Reverse Mortgage Lenders
|Lender Name||Company Start Date||Lender Rating||Review Stars (0-5.0)||% of Positive Reviews||# of Complaints Last 3 Yrs.||BBB Reviews|
|All Reverse Mortgage, Inc.||05/27/2004||A+||5.0||100%||2||Review Source|
|American Advisors Group (AAG)||10/29/2004||A-||4.1||82%||41||Review Source|
|Reverse Mortgage Funding LLC||09/25/2012||A+||3.2||64%||3||Review Source|
|Live Well Financial, Inc.||08/28/2008||A+||2.1||17%||9||Review Source|
|One Reverse Mortgage, LLC||07/12/2001||A+||3.2||60%||5||Review Source|
|Liberty Home Equity Solutions, Inc.||09/05/2003||A+||2.7||40%||5||Review Source|
|HighTechLending Inc||06/06/2006||C+||2.3||0%||2||Review Source|
|Reverse Mortgage Solutions, Inc.||02/21/2007||F||1.05||1%||86||Review Source|
|Synergy One Lending, Inc. (Retirement Funding Solutions)||01/09/2013||A+||N/A||N/A||1||Review Source|
|Finance of America Reverse LLC||10/15/2003||A+||N/A||N/A||3||Review Source|
All Reverse Mortgage® is proud to be Hawaii's #1 Rated Reverse Mortgage Lender by the BBB with a Perfect 5.0 Stars and A+ Exemplary Rating.
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 HI with higher value homes over the national 2019 lending limit of $726,525.
Hawaii homeowners seeking reverse mortgages come to us because of our brilliant staff members, whose combined lending experience exceeds 100 years. We have national mortgage banking experience on both coasts and many points between. Due to this direct experience, All Reverse Mortgage® is well positioned to assist borrowers with their specific needs associated with reverse mortgage programs.
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!
Hawaii Reverse Mortgage Facts
|State||Homeowners Age 62+||Reverse Mortgages Closed Last 12 Months||Purchase Reverse Mortgages Closed Last 12 Months||Lenders in California||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 the reverse mortgage program it administers for seniors who are 62 and older.
All Reverse Mortgage® originates in Hawaii and offers several reverse mortgage options. In some instances, borrowers are looking to pay off their existing loan and eliminate their monthly mortgage payment. Or, if they already have paid off their mortgage, a reverse loan can help borrowers utilize their equity for other purposes. In some cases, borrowers can do both. They also may use a specific type of reverse mortgage to purchase a new home.
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. We are always looking for new products to offer to borrowers with high valued homes in strong real estate markets where the HUD HECM might not serve well. Jumbo or proprietary programs typically offer lower Principal Limits as they relate to home values but can offer stronger borrowing power because they are not restricted by the federal loan limit set by HUD.
A seasoned originator can readily inform borrowers about their loan options, and can provide detail on the different options available, so that the borrower can make an informed decision. It is no longer uncommon to find markets where HECMs are most popular located near markets where jumbo reverse mortgages are more widely used.
Homeowners aged 62 and older in many markets have seen that the reverse mortgage can be a very solid financial tool, leading to many now seeking the reverse mortgage to augment their retirement plans rather than the last-resort approach more common in the past. Borrowers are using reverse mortgages for many purposes, from the elimination of existing mortgage payments to the line of credit that grows over time, offering more borrowing opportunities in the future.
Reverse mortgage borrowers understand that this program allows them to utilize their homes to not only live comfortably and age-in-place, but to plan for their financial future as well.
Hawaii Lending Limits
Hawaii is the 40th most populous state in the United States and is the 4th smallest in terms of land size. As of 2018, about 1,427,538 people resided in the state, with the highest population density in and around Honolulu. About 246,306 residents in the state are age 65 and older, and about 66% of people in the state are homeowners.
The state is situated in the Pacific Ocean, around 2,000 miles west of California, and is known for traditions including surfing, hula dancing, and flower garlands called leis. Hawaii became a U.S. territory in 1898 and was named the 50th state in 1959. It was the last state to join the United States. Hawaii is known as the Aloha State as “aloha” is a greeting that means both hello and goodbye.
The state comprises the world’s largest island chain and counts more than 100 islands in total—only seven of which are inhabited including Hawaii (“The Big Island”), Maui, Molokai, Lanai, Oahu, Kauai and Niihau. Made of volcanic material, the islands have active volcanoes that are one of the major attractions for visitors and tourists. Tourism is the leading industry in Hawaii and is a destination for its beautiful beaches and tropical climate.
The climate comprises various kinds of weather depending on location, but overall is tropical with mild temperatures year-round, moderate humidity and significant rainfall differences across the islands. Near the ocean, average rainfall is around 25 to 30 inches annually, though some areas receive as much as 15 times that amount and others receive as little as a third of that amount, according to the National Weather Service.
The median home value in Hawaii is $620,100 and prices are expected to rise 2% in the coming year. Given this average, many homes fall near or above the federal maximum reverse mortgage lending limit of $726,525 that applies to all HECM loans. For more borrowing power above the federal limit, there are jumbo reverse mortgage programs available.
If you reside in Hawaii, All Reverse Mortgage® is here to answer your questions. Call Toll Free (800) 565-1722 – Or try ARLO™ our revolutionary reverse mortgage calculator that offers side-by-side program comparisons, real-time interest rates and expert recommendations.
Hawaii Approved Reverse Mortgage Counseling Agencies
|Agency Name||Phone||Agency ID||Address||Languages||Website|
|COASTAL ENTERPRISES, INCORPORATED||207-504-5900||80985||30 Federal Street|
BRUNSWICK, Maine 04011-1510
Did you know? Hawaii 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.
Top 10 Lender Reviews & Ratings: https://reverse.mortgage/best-reverse-mortgage-lenders
Reversemortgage.org NRMLA Members in Hawaii: https://www.reversemortgage.org/Find-a-Lender/state/HI
HUD.GOV Approved Lenders Search: https://www.hud.gov/program_offices/housing/sfh/lender/lenderlist
Our Exclusive Programs Designed to Fit Your Needs.
All Reverse Mortgage© has consistently brought exclusive offers to our valued Hawaii 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 program benefits that you won't find elsewhere:
|Exclusive 4.25% (5.95% APR) Fixed Rate for Life|
|Government Insured & Jumbo Proprietary Programs|
|Flexible Credit Lines from 2.98% 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 Hawaii direct lender.
Working with a local Hawaii 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!"|