Manchester Reverse Mortgage Lenders
At All Reverse Mortgage, Inc. (ARLO™), we are proud to be New Jersey’s #1 Rated Reverse Mortgage Lender, as recognized by the Better Business Bureau. We have a perfect 5-star rating and an A+ exemplary score. We’ve been serving New Jersey homeowners since 2004 and are dedicated to providing reverse mortgages that help you enjoy your retirement years with peace of mind.
We understand that you deserve the best possible rate with the lowest costs. That’s why we focus solely on reverse mortgages, ensuring you receive expert guidance every step of the way. As a HUD-approved direct lender, we offer both national HECM programs and specialized jumbo Reverse Mortgages for homeowners with higher-value properties in Manchester and the surrounding area.
We invite you to compare our customer reviews, lower rates, and closing costs with those of any other lender. We’re confident you’ll see the difference, and we look forward to helping you achieve your financial goals.
All Reverse Mortgage, Inc. is licensed by the Department of Banking & Insurance (License/Registration #N000018109)
Manchester Reverse Mortgage Facts
| City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Manchester (est) | Avg. Home Value |
|---|---|---|---|---|---|
| Manchester | 15,996 | 17 | 0 | 9 | $180,600 |
HUD Approved Direct Lender
All Reverse Mortgage, Inc. (ARLO™) is approved by 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 Manchester 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 payments, utilize their equity for other purposes if they have no existing loan, or possibly
a combination of both.
About All Reverse Mortgage, Inc.
The owners and management of All Reverse Mortgage, Inc. were part of the team that introduced and sold the first fixed-rate jumbo reverse mortgage in 2008. With extensive experience in jumbo and proprietary loan programs, we continuously seek new products to better serve borrowers with high-value homes, particularly in markets where the HUD HECM may not fully meet their needs. While jumbo or proprietary programs typically offer lower Principal Limits relative to home values, they can be an ideal option for certain borrowers.
Our seasoned originators are well-equipped to help borrowers understand which program best suits their needs, weighing the positives and negatives of each option so that they can make an informed decision. It is not uncommon to find markets where a HUD HECM is the right fit, while a nearby area may benefit more from a niche jumbo program.
Homeowners aged 62 and above increasingly recognize that reverse mortgages can be a solid financial tool, not just a last resort. From eliminating existing mortgage payments to establishing a growing line of credit, reverse mortgages allow borrowers to live comfortably in their family homes while planning for the future.
Manchester Township, New Jersey Reverse Mortgage Lending Limits
Manchester Township, located in Ocean County, New Jersey, was named after Manchester, England, and has been an incorporated township since 1865. The township is home to approximately 43,251 residents, with over half of them—22,800 residents—being seniors aged 62 years or older.
Economy and Historical Significance
Manchester’s economy is diverse. The healthcare and social assistance sectors provide the largest share of employment opportunities, followed by retail trade and food services.
A significant part of Manchester’s history is tied to the Lakehurst Naval Air Station, the site of the infamous Hindenburg disaster in 1937, which marked the end of airships as a primary means of travel.
Housing Market and Reverse Mortgage Opportunities
As of January 2024, the median home value in Manchester Township is $473,965, reflecting a 13.6% increase over the last 12 months. Many homes in Manchester fall below the federal maximum reverse mortgage lending limit of $1,209,750, making them eligible for government-insured HECM loans. Senior homeowners can explore jumbo loan programs for higher-valued homes to access more of their home’s equity.
How a Reverse Mortgage Can Benefit You
A reverse mortgage could be a valuable financial tool if you’re a homeowner aged 62 or older in Manchester Township. Whether you’re looking to eliminate monthly mortgage payments or access extra funds for retirement, All Reverse Mortgage, Inc. (ARLO™) is here to guide you.
Call us Toll-Free at (800) 565-1722, or visit our reverse mortgage calculator to see how much equity you could access with a reverse mortgage. We’re here to help you make informed decisions and ensure you can confidently enjoy your retirement.
