Loveland Reverse Mortgage Lenders
All Reverse Mortgage® is proud to be Colorado's #1 rated reverse mortgage lender by the BBB with a Perfect 5.0 stars and A+ review. All Reverse Mortgage® lends throughout all of Colorado state including Loveland, CO. All Reverse began in
November 2007 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 Loveland 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.
Loveland Reverse Mortgage Facts
||Homeowners Age 62+
||Reverse Mortgages Closed Last 12 Months
||Purchase Reverse Mortgages Closed Last 12 Months
||Lenders in Loveland (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 Loveland 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.
Loveland Lending Limits
Loveland, Colorado is 46 miles north of Denver and in 2014 had 72,651 residents. The city is in Larimer County and is about 25 square miles in area.
The city neighbors Fort Collins to its north, Estes Park to its west, Greeley to its east and Berthoud to its south.
Although the city is on the smaller side compared to nearby Denver, there was an increase in home values in the past year by 9.5%.
Currently, the median home value in Loveland is $300,900 — well below the federal reverse mortgage lending limit. In addition, values are
predicted to rise by another 3.1% in the next year.
Due to the city’s location near a major interstate as well proximity to Estes Park and Rocky Mountain National Park, there is a wealth of
tourist pass-through traffic year round. Loveland is also known as a “bedroom” community to commuters in all directions as the city is a
quick drive to Boulder, Westminster and other towns and cities in the Denver metro area.
The small town has a number of attractions for those interested in art and nature. Loveland is home to the Benson Park Sculpture Garden,
Devil’s Backbone Nature Trail, the Loveland Museum and Gallery, Boyd Lake State Park and the Rialto Theater Center.
For the beer fans, Loveland has also caught on to the craft beer craze that has taken hold in nearby Denver. There are a handful of local
craft breweries in the city as well as a few distilleries.
If you reside in Loveland or are planning to move there, All Reverse Mortgage is here to answer your questions.
Access our free calculator to
estimate your reverse mortgage loan amount or call us Toll Free (800) 565-1722.