Miami's #1 Reverse Mortgage
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All Reverse Mortgage, Inc. (ARLO™) is proud to be Florida'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 our headquartered in Southern California.
All Reverse Mortgage was incorporated in CA November 2004 and as the name implies, the only loan product that All Reverse Mortgage, Inc. (ARLO™) 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 SoCal with higher value homes over the national 2023 lending limit of $1,089,300.
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!
Miami Reverse Mortgage Facts
|City||Homeowners Age 62+||Reverse Mortgages Closed Last 12 Months||Purchase Reverse Mortgages Closed Last 12 Months||Lenders in Miami (est)||Avg. Home Value|
HUD Approved Direct Lender
All Reverse Mortgage, Inc. (ARLO™) 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, Inc. (ARLO™) originates in Miami 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 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 much lower Principal Limits as they relate to values though 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.
Miami has long been one of the top destinations in the US for both tourism and finance. It's routinely ranked as one of the most popular cities in America from it's clean tropical air to it's beautiful downtown and amazing beaches, it's no surprise that it ranks so highly both nationally and globally. Simply put, Miami is one of the most popular cities in the world today.
Miami also boasts a large population of people aged 65 or older who may be eligible for this unique government insured program. Our company has helped countless seniors in and around the Miami area get the reverse mortgage they desire, to have a better future in their retirement.
Borrowers in this area where the median home price is above the HUD maximum lending limit (such as many parts of Miami, FL) need to consider the additional benefits of the HECM credit line growth rate. What does this mean for local homeowners whose property value may be at or above the HUD limit of $625,500? More borrowers are apt to have higher credit lines available when the loan closes.Borrowers who get a reverse mortgage with a $200,000 available line of credit after paying off any existing liens and mortgages (many will have significantly more) will experience significant growth in the line available to them over time. In 15 years, a 62-year-old borrower in Miami would have over $500,000 available if they left the funds growing. If that same borrower had no current loan to pay off, he/she would have nearly $800,000 available to borrow if needed. That's guaranteed borrowing power and allows borrowers to plan for future expenses by knowing what funds will be available to them in advance.
If you reside in Miami All Reverse Mortgage, Inc. (ARLO™) is here to answer your questions.
Top Florida Lender Resource Links:
Reversemortgage.org NRMLA Members in Florida: https://www.reversemortgage.org/Find-a-Lender/state/FL
HUD.GOV Approved Lenders in Florida for HECM Loan