Irvine Reverse Mortgage Lenders
All Reverse Mortgage® is proud to be Irvine'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 and our headquarters are right here in southern California.
All Reverse Mortgage was incorporated in CA November 2004 and as the name implies, the only loan product that All Reverse Mortgage® originates is in fact, the reverse mortgage.
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 SoCal with higher value homes over the national 2019 lending limit of $726,525.
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!
Irvine Reverse Mortgage Facts
||Homeowners Age 62+
||Reverse Mortgages Closed Last 12 Months
||Purchase Reverse Mortgages Closed Last 12 Months
||Lenders in Irvine (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 Irvine 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 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 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.
Irvine Lending Limits
Irvine, California’s history can be traced back to 1769, when the first Spanish explorers settled in the area. But it wasn’t
post-World War II did the city start to grow, thanks in part to Irvine being a master-planned community. The 1970s
were when the city started to experience more growth and as of 2016, Irvine’s population is approximately 247,000.
Senior homeowners 62 years and older represent about 12.6 percent of the city’s population.
Irvine is a city full of extracurricular activities, from visiting its many parks to various points of interest, such as the Orange
County Great Park and University of California, Irvine Arboretum. Various movies have also filmed in Irvine over the years,
such as Iron Man, Planet of the Apes and Ocean’s Eleven.
Education services and manufacturing are the primary economic drivers of the city’s economy. Top employers include
University of California, Irvine, the Irvine Unified School District and the video game developer Blizzard Entertainment.
The median home value in Irvine, California, is $858,000 - an increase of 6.4 percent in the last year. Home values are
projected to rise another 5.7 percent in 2018. Many Irvine, California homes are above the federal reverse mortgage
lending limit of $726,525. For those with homes valued above the federal lending limit, there are several private jumbo
reverse mortgage programs available that may better suit those homeowners.
If you reside in Irvine, 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
Top 10 Lender Reviews & Ratings: https://reverse.mortgage/best-reverse-mortgage-lenders
Reversemortgage.org NRMLA Members in California: https://www.reversemortgage.org/Find-a-Lender/state/CA
HUD.GOV Approved Lenders Search: https://www.hud.gov/program_offices/housing/sfh/lender/lenderlist