Klamath Falls #1 Reverse Mortgage

All Reverse Mortgage, Inc. (ARLO™) is proud to be Oregon'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 headquartered 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, Inc. (ARLO™) 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 2024 lending limit of $1,149,825.

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!

Klamath Falls Reverse Mortgage Facts

HUD Approved Direct Lender

All Reverse Mortgage, Inc. (ARLO™) 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, Inc. (ARLO™) originates in Klamath Falls 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.

Klamath Falls is a small town of roughly 21,000 people situated in south central Oregon, about 25 miles north of the border with neighboring California. It is believed to have originally been settled 4,000 years ago by the Klamath and Movac Native American tribes. Its colonial history goes back to the mid-19th century, and it was ultimately incorporated as a town in the state of Oregon in 1905.

Among some of its most notable characteristics is the fact that the City of Klamath Falls is home to the 173rd Fighter Wing of the Air National Guard at Kingsley Field Air Force Base. Klamath Falls also features some unique natural resources including geothermal power, yielding geothermal heat which allows the city’s municipal swimming pool to stay open all year-round. The city takes full advantage of this resource by maintaining a municipal geothermal heating system, used to provide direct heat for a whole host of structures in the city limits including homes, greenhouses, government buildings, greenhouses, commercial buildings, and even geothermally-heated snowmelt systems for sidewalks and roads.

Crater Lake National Park is also located nearby, and the town’s population is bolstered by the presence of the residential campus of the Oregon Institute of Technology, a public polytechnic university that serves a student population of nearly 5,500 as of 2017. The area’s largest employers include Sky Lakes Medical Center, the Klamath Falls City School District and Oregon Institute of Technology.

Klamath Falls also accentuates much of the natural beauty that surrounds it, serving as home to numerous parks and trails that take advantage of the beautiful land and vast vegetation. Sites like Moore Park, Badger Run Wildlife Rehab, Link River Trail, the Klamath Fish Hatchery and the Upper Klamath Canoe Trail provide plenty of options to explore the natural surroundings of Klamath County. Still, Klamath Falls is also the largest town in Klamath County, priding itself on having "small town charm with urban appeal".

For seniors contemplating a move to Klamath Falls or for those who are looking for senior-friendly amenities, there are 11 assisted living facilities situated in and around Klamath Falls, as well as 10 nearby home health care agencies for seniors wishing to age in place.

In terms of its climate, Klamath Falls has a unique reputation among other cities in the state of Oregon in that it’s known as the state’s "City of Sunshine". Klamath Falls reportedly enjoys up to 300 days of sunshine every year, partially attributed to the fact that the city sits in a high desert climate. That doesn’t mean that the temperatures don’t react to the seasons, though, since the average high in the middle of the summer is 84 degrees fahrenheit, while the average low in the winter gets down to just under 21 degrees.

When Klamath Falls does get precipitation, it primarily does so in the wintertime and the majority of it arrives in the form of snowfall. Still, average precipitation for a typical year in Klamath Falls stands at just over 13 inches annually. This has a lot to do with Klamath Falls’ proximity to the Cascade Mountains, which act as a rain shield for the city. An average of 21 days out of the year can reach as high as 90 degrees Fahrenheit, while an average of only two nights of the year get down to 0 degrees.

12 percent of Klamath Falls’ population is made up of seniors that are at least 65 years old, based on U.S. Census Bureau data. Of Klamath Falls’ senior population, 62 percent (accounting for nearly 1,200 households) are also homeowners as opposed to renters. That means there’s a dedicated community of seniors that call Klamath Falls their long-term home.

Thousands of the senior households in Klamath Falls may be eligible to obtain a reverse mortgage. Several of these older homeowners have already done their research and begun using reverse mortgages to support their retirement needs.

Compared with the average home price in Oregon, Klamath Falls’ median home price is lower than the rest of the state at $301,424 as of January 2023, according to the Zillow Home Value Index.

Some homes in Klamath Falls may be worth much more than this median value, and if your home has been appraised for more than the HUD lending limit of $1,149,825, you may still be able to tap into your home equity with the help of a proprietary reverse mortgage.

If you're a homeowner who fits this description and you're interested in using a reverse mortgage to supplement your retirement, you might want to consider a jumbo reverse mortgage, from which you may be able to access a greater portion of your home equity than you otherwise would with a FHA-insured HECM reverse mortgage.

Reverse mortgages might not be the perfect solution for every homeowner, but depending on your particular situation, a HECM could be something to consider as you approach your retirement years.

If you reside in Klamath Falls All Reverse Mortgage, Inc. (ARLO™) is here to answer your questions.

Additional Oregon Lender Resource Links:
Reversemortgage.org NRMLA Members in OR: https://www.reversemortgage.org/Find-a-Lender/state/OR
HUD.GOV Approved Lenders in Oregon for HECM Loan