Houston Reverse Mortgage Lenders
We are proud to be Texas's #1 rated reverse mortgage lender by the BBB with a Perfect 5.0 stars and A+ review. All Reverse Mortgage® lends in 16 states nationwide, including Houston, TX.
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 Houston 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.
Houston Reverse Mortgage Facts
||Homeowners Age 62+
||Reverse Mortgages Closed Last 12 Months
||Purchase Reverse Mortgages Closed Last 12 Months
||Lenders in Houston (est)
||Avg. Home Value
HUD Approved Direct Lenders
United Southwest and All Reverse are approved lenders with HUD
(Department of Housing and Urban Development) 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 Houston and closes both refinance loans where borrowers
already own their home and are looking 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 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 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.
Houston Lending Limits
Houston is the most populated city in Texas, and it’s also the fourth-most populated city in the U.S. with a population of approximately 2.2 million
in 2016. Of the city’s total population, about 12.4 percent of the population are senior homeowners 62 years or older.
Houston was originally incorporated in 1837 and has since become a large, vibrant American city. The city is known for being a
premier destination for sports fans, as the Texans (NFL) and Rockets (NBA) call the city home. Houston is also a regular host for
championship events from the NCAA and NFL.
But sports aren’t the only reason to visit Houston. Visitors can check out Johnson Space Center, the Museum of Fine Arts,
Museum of Natural Science and more. Tourists and residents can’t forget about heading over to the Gulf of Mexico, either.
Houston’s economy can be traced to a large sector: energy. Oil and natural gas are big economic drivers in the area, and some of
the largest employers in the area include Phillips 66, Marathon Oil and BP.
The median home value in Houston, Texas, is $176,266 - an increase of 7.1 percent in the last year. Home values are
projected to rise another 5 percent in 2018. Even with the predicted rise in home values, many Houston, Texas homes are
still well within the bounds of the federal reverse mortgage lending limit of $679,650.
If you reside in Houston All Reverse Mortgage® is here to answer your questions. Access our free calculator to estimate your reverse mortgage lending limit or call usToll Free(800) 565-1722
Top 3 Lender Resources in TX:
Top 10 Lender Reviews & Ratings: https://reverse.mortgage/best-reverse-mortgage-lenders
Reversemortgage.org NRMLA Members in Texas: https://www.reversemortgage.org/Find-a-Lender/state/TX
HUD.GOV Lenders: https://www.hud.gov/program_offices/housing/sfh/lender/lenderlist