Compare Louisiana's Best Reverse Mortgages

Top 10 Reverse Mortgage Lenders in Louisiana

All Reverse Mortgage® is proud to be Louisiana'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 all throughout Louisiana.

All Reverse Mortgage was incorporated in 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 LA 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

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 the reverse mortgage program it administers for seniors who are 62 and older.
 

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 lower Principal Limits as they relate to home values, though, so not all borrowers are best served with the jumbo programs available.

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 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.

Louisiana Lending Limits

Louisiana is the 25th most populous state the in the nation and the 31st largest in terms of land area. Most of its 4,684,333 residents are densely populated around its major cities, such as its largest city New Orleans. As of 2010, Louisiana had 697,165 people aged 62 and older, and 67% of the state’s residents owned their own home.
 
In the 17th century, the French were the first to colonize the area, naming the land after their King Louis XIV. It became a U.S. territory when it was acquired as part of the Louisiana Purchase in 1803 and entered statehood in 1812.

One of the most important port cities on the Gulf, New Orleans was established in 1718.
It is the largest city in Louisiana, and its greater metropolitan area is home to 1.285 million people, as of 2016. Famous for its Mardi Gras festival, New Orleans brings in 18 million visitors and $9 billion in 2017. A melting pot of its French, African, Spanish, German, and Canadian influences, the state is known for Its Creole and Cajun cultures. Louisiana is also home to the longest bridge over water in the world - the 24-mile-long Lake Ponchartrain Causeway.

Because of its location on the Gulf coast, Louisiana has a steady semi-tropical climate, with heat and humidity increasing the closer you get to the water. The state has an average annual high of 91 degrees Fahrenheit, an average low of 45 degrees Fahrenheit, and is vulnerable during hurricane season. The area continues to recover from 2005’s Hurricanes Katrina and Rita.

After New Orleans and Baton Rouge, the next biggest cities in the state are Shreveport and Lafayette. Louisiana has lucrative gas and petroleum industries, and is the number one producer of crawfish in the world. Among large companies that call the state home are CenturyLink and Ochsner Health System. It’s also welcomed the film industry. Various movies and TV shows have shot there, including True Blood and Duck Dynasty.

The average home value in the state is $145,600, and prices are expected to rise an additional .1% in the next year. Given this average, many homes fall well below the federal maximum reverse mortgage lending limit of $726,525 that applies to all HECM loans. For more borrowing power above the federal limit, there are jumbo reverse mortgage programs available.

If you reside in Louisiana, All Reverse Mortgage® is here to answer your questions. Call Toll Free (800) 565-1722 – Or try ARLO™  reverse mortgage calculator that offers side-by-side program comparisons, real-time interest rates and expert recommendations.