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In your current area homeowners are currently utilizing reverse mortgages to better enhance their retirement years, with nationwide!
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The minimum qualifying age for a reverse mortgage is 62. If you are within 6 months from your next birthday, I will automatically calculate you a year older.
Tip! Don’t forget to include your spouse’s age, even if they are not yet 62, as loan proceeds are always based on the age of the youngest spouse.
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Lake Havasu City Reverse Mortgage Lenders

We are proud to be Arizona'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 including all of Arizona and Lake Havasu City, AZ.

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 Lake Havasu City 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.

Lake Havasu City Reverse Mortgage Facts

City Homeowners Age 62+ Reverse Mortgages Closed Last 12 Months Purchase Reverse Mortgages Closed Last 12 Months Lenders in Lake Havasu City (est) Avg. Home Value
Lake Havasu City 7,750 14 0 8 $329,826


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 Lake Havasu City 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 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.

Lake Havasu City Details

Located at the southwestern tip of the state of Arizona very near the body of water from which it takes its name, Lake Havasu City’s history as an incorporated locality only extends as far back as the mid-20th century. Beginning largely as an Army Air Corps rest camp — known as “Site Six” during World War II — the local area’s future would change by 1958 when businessman Robert P. McCulloh purchased 3,353 acres of land on the east side of the lake.

Much of the land that would come to serve as Lake Havasu City had been left vacant for many years, and was relinquished by the federal government to the state of Arizona. Over the next four years, McCulloch and appointed planners would begin developing what would become a new community, and he acquired an additional 13,000 acres of the federal land in order to further bolster the space of the new city-to-be. McCulloch was effectively gifted the land by the state of Arizona, so long as he promised to further develop it and turn it into a vibrant economic community.

On September 30, 1963, Lake Havasu City was officially established by a resolution of the Mohave County Board of Supervisors. Its official designation was as the Lake Havasu Irrigation and Drainage District, giving it official legal status.

McCulloch was widely known as an entrepreneur who had a hand in founding other cities, and is largely best known today as the founder of the McCulloch Motors Corporation. Known as a leading manufacturer of power tools, in 1964 McCulloch used the land he had acquired to establish a factory for the Motors Corporation and accompanying housing for its corps of workers.

A characteristic landmark of Lake Havasu City is the so-named London Bridge, originally built in the 1830s to connect London, England across the River Thames. In 1962, the bridge was determined to be in disrepair enough that it could no longer support traffic, and was sold by the city of London to a new buyer, McCulloch. He reportedly called the idea of buying a bridge located in Europe with the intention of relocating it to the southwestern U.S. “crazy,” but nonetheless went for the idea and purchased the bridge from London for a total of $2.46 million (just under $21 million in 2020 when adjusted for inflation).

The bridge was then disassembled and each of its stones were numbered, and after making special arrangements for its transportation, was loaded on a boat to the Port of Long Beach, California. The bridge was then transported to Lake Havasu City, where reconstruction began. After a long odyssey, the reconstruction of the bridge was completed in 1971, sporting a new concrete structure surrounded by the bridge’s original stonework. Now, Lake Havasu City is connected via the bridge to Pittsburgh Point, at the time a peninsula that pushed into Lake Havasu. The bridge remains a popular tourist attraction to this day.

Lake Havasu City was officially incorporated as a city unto itself in 1978. These days, it is highly regarded as a retirement destination for older Americans across the country, given its warm climate and minimal precipitation throughout the year. In 2007, RelocateAmerica listed Lake Havasu City as one of the best places to live in the country, and has also received recognition from CNN as an ideal retirement location.

Retirement and services available to older residents is also available, with over a dozen assisted living facilities and 12 home care agencies located in and around the local area. Notable people from Lake Havasu City include broadcast journalist Jim Heath, former Major League Baseball player Bob Milacki of the Baltimore Orioles and actor Michael Biehn (The Terminator, Aliens).

Lake Havasu City Lending Limits

27 percent of Lake Havasu City’s population is made up of seniors that are at least 65 years old, based on U.S. Census Bureau data. Of Lake Havasu City’s senior population, 88 percent (accounting for 7,750 households) are also homeowners as opposed to renters. That means there’s a dedicated community of seniors that call Lake Havasu City their long-term home.

Thousands of the senior households in Lake Havasu City 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 Arizona, Lake Havasu City’s median home price is over $26,000 greater than the rest of the state at $329,826, according to the Zillow Home Value Index. Prices in the area have increased over 14 percent over the past year, and Zillow projects that they will continue to rise over the course of the next year by roughly 11.9 percent.

Some homes in Lake Havasu City may be worth more than this median value. If your home has been appraised for more than the HUD lending limit of $726,525, you may still be able to tap into your home equity with the help of a 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 loan.

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 Lake Havasu City, 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.

Our Exclusive Programs Designed to Fit Your Needs.

All Reverse Mortgage© has consistently brought exclusive offers to our valued Lake Havasu City 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 3.06% (4.06% APR) Fixed Rate for Life
Government Insured & Jumbo Proprietary Programs
Flexible Credit Lines from 2.23% with the Industries Lowest Lifetime Rate Exposure
ZERO Origination Fee Plans
ZERO Financed Closing Cost Plans
ZERO Monthly Servicing Fees on ALL programs
*Complete form above to receive a comparison of all available programs. Excludes state taxes when applicable. Min loan amount for $0 origination fee is $40,000. *APR ran at $185,000 loan amount / 60% or less PLF utilization. Lifetime rate cap on all adjustable rate plans just 5% over the start rate.

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

It may surprise you but those "celebrities" you see all over TV have some of the worst independent consumer ratings in the industry. Compare us and you will see the crystal clear difference, from customer service to loan terms we never compromise.

HUD approved direct lender.

Working with a local Lake Havasu City, AZ 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!"

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