Kirkland Reverse Mortgage Lenders
We are proud to be Washington'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 states nationwide, including Kirkland, WA. 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 Kirkland 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.
Kirkland Reverse Mortgage Facts
||Homeowners Age 62+
||Reverse Mortgages Closed Last 12 Months
||Purchase Reverse Mortgages Closed Last 12 Months
||Lenders in Kirkland (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 Kirkland 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.
Kirkland Lending Limits
Located in King County, Washington, Kirkland is the 12th largest city in the state and is the former home to the Seattle Seahawks NFL team.
Kirkland had an estimated population of 87,281 in 2015 and 6,278 of those residents are homeowners 62 and older.
The city is known as the previous headquarters of warehouse chain Costco, which is why the store’s store brand
is called “Kirkland Signature.” The city is also home to a Google development office.
Since Kirkland’s incorporation in 1905 it has grown to approximately 12 times its original geographic boundaries,
nearly doubling in size during the 1940s and 1960s. The city is currently just under 18 square miles in area.
Like many other cities in America’s pacific northwest, Kirkland has seen home values soar in recent years. The median home value is
$609,700 and has gone up 13.5% in the last year. It is predicted that the city will see an additional 4% increase in home values in the next year.
Living in Kirkland, there are a number of ways to spend your time. The city sits on Lake Washington and has many waterfront parks,
which people from neighboring communities frequent during the summer months.
The city also houses the Kirkland Performance Center, which hosts many performing arts events year round, as well as the Kirkland
Arts Center which has classes, workshops and community gallery spaces.
If you reside in Kirkland or are planning to move there, All Reverse Mortgage is here to answer your questions.
Access our online reverse mortgage calculator to
estimate your reverse mortgage loan amount or call us Toll Free (800) 565-1722.
Additional Washington State Resource Links:
Top 10 Lender Reviews & Ratings: https://reverse.mortgage/best-reverse-mortgage-lenders
Reversemortgage.org NRMLA Members in Washington: https://www.reversemortgage.org/Find-a-Lender/state/WA
HUD.GOV Approved Lenders in WA State for HECM Loan