Marysville Reverse Mortgage Lenders
At All Reverse Mortgage, Inc. (ARLO™), we are proud to be Washington’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 Marysville 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 Washington State.
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 Financial Institutions (#CL-13999)
Marysville Reverse Mortgage Facts
City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Marysville (est) | Avg. Home Value |
---|---|---|---|---|---|
Marysville | 3,154 | 14 | 0 | 9 | $593,302 |
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 HUD’s Home Equity Conversion Mortgage (HECM, or “Heck-um”). The HECM is HUD’s reverse mortgage loan program.
All Reverse Mortgage of Marysville originates and closes refinance loans for homeowners who are looking to either pay off their existing loan and eliminate monthly mortgage payments, use their equity for other purposes if they have no existing loan, or a combination of both.
About All Reverse Mortgage of Marysville
The team at All Reverse Mortgage, Inc. has extensive experience, including being part of the group that introduced the first fixed-rate jumbo reverse mortgage in 2008. With this background, we are constantly exploring new products for homeowners in high-value markets where the HUD HECM may not be the best fit. Although jumbo or proprietary programs often offer lower Principal Limits relative to property values, they can be the right solution for certain borrowers.
An experienced originator can guide you through the pros and cons of each program, helping you make an informed decision. In various markets, there may be a mix of HUD HECM and niche jumbo opportunities, allowing homeowners aged 62 and above to leverage reverse mortgages as a versatile financial tool. This can be particularly valuable for those seeking to eliminate mortgage payments or establish a growing line of credit, enhancing their retirement plans.
Marysville Details
Marysville was established as a trading post by James P. Comeford in 1872 but didn’t see significant settlement until 1883. The town experienced rapid growth after being platted in 1885 and was later incorporated in 1891 with the completion of the Great Northern Railway. Marysville’s economy initially thrived on lumber and agriculture, earning it the nickname “Strawberry City” in the 1920s due to its successful strawberry exports.
During the 1970s and 80s, Marysville underwent suburbanization, expanding both its commercial and residential areas. Between 1980 and 2000, the population increased fivefold, growing the city to over 20 square miles. Located just 35 miles from Seattle, Marysville is now the second-largest city in Snohomish County, with a population of 60,020 as of 2015. It continues to be the fastest-growing city in Washington state, with an annual growth rate of approximately 2.5 percent.
Marysville has an estimated 33,545 residents in the workforce, with the majority commuting to employers in Everett, Downtown Seattle, and the Eastside, including Boeing, Naval Station Everett, Amazon.com, and Microsoft. The city’s economy has diversified beyond its agricultural roots to include some of the most progressive technology companies in the United States.
Marysville offers a variety of recreational opportunities for its dense suburban population. Popular attractions include Jennings Memorial and Jennings Nature Park, Ebey Waterfront and the Snohomish River Delta, Third Street and State Avenue shopping, the Centennial Trail, and the Tulalip Casino. Whether you’re interested in nature or exploring the city’s dining and nightlife, Marysville has something unique for everyone.
Marysville’s warm, temperate climate provides comfortable winters and a moderate climate throughout the year. On average, the city enjoys 163 days of sun per year compared to the national average of 205, with an annual precipitation of around 45 inches and 4 inches of snow. The high temperature averages around 75 degrees in July, and the low reaches 35 degrees in January.
Marysville Lending Limits (2024)
Marysville, Washington, is the second-largest city in Snohomish County, with a population of approximately 73,000. About 12.7% of residents are seniors aged 65 and older, and 77% of these seniors are homeowners, representing a strong community of long-term residents.
As of January 2024, the median home value in Marysville is $622,814, reflecting a 5% increase over the past year. Many homes in the area are well within the federal reverse mortgage lending limit of $1,149,825. For higher-valued properties, jumbo reverse mortgages may provide additional access to home equity.
If you reside in Marysville, All Reverse Mortgage, Inc. is ready to assist you. Access our reverse mortgage calculator to estimate your lending limit, or call us Toll-Free at (800) 565-1722 for personalized support.