Mechanicsburg Reverse Mortgage Lenders
At All Reverse Mortgage, Inc. (ARLO™), we are proud to be Pennsylvania’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 Pennsylvania 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 Mechanicsburg 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 and Securities (License/Registration #38143)
Mechanicsburg Reverse Mortgage Facts
| City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Mechanicsburg (est) | Avg. Home Value |
|---|---|---|---|---|---|
| Mechanicsburg | 7,551 | 28 | 19 | 8 | $348,583 |
HUD Approved Direct Lender
At All Reverse Mortgage, Inc. (ARLO™), we’re proud to be approved by the Department of Housing and Urban Development (HUD) to offer the Home Equity Conversion Mortgage (HECM), commonly known as a reverse mortgage. We handle everything from start to finish, ensuring you’re in trusted hands throughout the process.
We serve Mechanicsburg, helping homeowners refinance their homes, whether to eliminate existing mortgage payments or to access their home equity for other needs. Our team is here to guide you whether you’re looking to pay off your current loan, free up some extra cash, or both.
About All Reverse Mortgage, Inc.
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 they bring that extensive experience to serve Pennsylvania homeowners. We understand the unique needs of those living in the Keystone State, especially in regions where home values may exceed what the standard HUD HECM can cover. That’s why we continually seek out new products, including jumbo or proprietary loan programs, to better serve homeowners with high-value properties.
Navigating the reverse mortgage landscape can be complex, especially in Pennsylvania’s diverse housing markets. Only a seasoned originator familiar with Pennsylvania residents’ specific needs can readily inform you which program will best suit your needs, outlining the pros and cons so that you can make a well-informed decision.
In Pennsylvania, where many homeowners are rooted in communities with strong historical and familial ties, the reverse mortgage has become more than just a financial tool—it’s a way to stay comfortably in the home you’ve cherished for years. Whether you’re looking to eliminate existing mortgage payments or set up a growing line of credit, this program allows you to utilize your home’s equity to live comfortably and plan for the future without the burden of monthly payments.
Mechanicsburg, Pennsylvania Reverse Mortgage Lending Limits
Mechanicsburg, a borough located just outside of Harrisburg in Cumberland County, Pennsylvania, has a rich history dating back to its settlement in 1806. It was officially incorporated in 1826 and is now home to about 9,000 residents. Nearly 20% of Mechanicsburg’s population consists of senior homeowners aged 62 and older.
A Welcoming Community for Seniors
Despite its small population, Mechanicsburg offers a variety of activities for residents and visitors alike. You’ll find flea markets, speedways, bowling alleys, and local specialty shops among the town’s many attractions. It’s a community-driven borough with a charming, relaxed atmosphere that appeals to both families and retirees.
Local Economy and Housing Market
Mechanicsburg’s economy primarily consists of healthcare jobs and retail trade, with other popular sectors including education and construction. The borough’s median home value as of January 2024 is $348,583, reflecting a 13.8% increase over the past year.
Many homes in Mechanicsburg are valued below the federal reverse mortgage lending limit of $1,209,750, making them eligible for HECM loans. However, for homeowners with properties valued above this limit, jumbo loan programs may be a great option to access a greater portion of their home equity.
Accessing Your Home Equity
If you’re a senior homeowner in Mechanicsburg, a reverse mortgage may be an excellent financial tool to help you access the equity in your home. This could allow you to eliminate monthly mortgage payments or access additional funds for your retirement.
All Reverse Mortgage, Inc. (ARLO™) is here to guide you through the process. Visit our reverse mortgage calculator or call us Toll-Free at (800) 565-1722 to learn more and see how much you can access with a reverse mortgage.
