Modesto Reverse Mortgages
At All Reverse Mortgage, Inc. (ARLO™), we take pride in being California’s #1 Rated Reverse Mortgage Lender. We have a perfect 5-star rating from the Better Business Bureau and an A+ Exemplary Rating. We’ve been serving communities across California and 15 additional states since 2004, all from our headquarters in Southern California.
We focus solely on reverse mortgages, so you can trust that we have the expertise you need. We’re dedicated to providing you with the best possible rates and the lowest costs, ensuring you get the most out of your home’s equity.
As a HUD-approved lender, we offer national HECM programs and provide non-FHA and Jumbo Reverse Mortgages for those with higher-value homes exceeding the national 2024 lending limit of $1,149,825.
We invite you to compare our reviews, rates, and closing costs with those of any other lender. We’re confident you’ll see the difference and are excited to help you make the most informed decision.
Modesto Reverse Mortgage Facts
| City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Modesto (est) | Avg. Home Value |
|---|---|---|---|---|---|
| Modesto | 17,897 | 64 | 22 | 16 | $248,700 |
HUD-Approved Direct Lender
At All Reverse Mortgage, Inc. (ARLO™), we are 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 take care of everything, from the application to closing, ensuring you’re in good hands every step of the way.
We serve homeowners in Anaheim, helping those who already own their homes refinance to eliminate their monthly mortgage payments or access their home equity for other needs. Whether you want to pay off your existing loan, free up some extra cash, or do both, we’re here to help.
About Us
Our team at All Reverse Mortgage has deep experience in the industry. In 2008, we were part of the group that introduced the first fixed-rate jumbo reverse mortgage, so we understand both HUD-backed HECM loans and jumbo (or proprietary) loans. This expertise allows us to offer options for homeowners with higher-value homes that may not be fully covered by HUD’s HECM program.
Choosing the right loan can be challenging, but our experienced originators are here to guide you. We’ll explain the options, including the pros and cons of each, so you can make the best decision for your situation. Whether a HUD HECM or a jumbo loan is right for you depends on your unique needs, and we’ll ensure you have all the information to make an informed choice.
For homeowners aged 62 and older, a reverse mortgage can be a valuable financial tool. It’s not just a last resort; many are using it to enhance their retirement plans. With a reverse mortgage, you can eliminate monthly mortgage payments or set up a line of credit that grows over time, helping you live comfortably and plan for the future.
Modesto Lending Limits
Modesto, California, is located in the heart of the Central Valley, approximately 90 miles east of San Francisco. As the county seat of Stanislaus County, Modesto has grown into a vibrant community with a population of over 220,000 as of the 2024 estimate. Founded in 1870 and incorporated in 1884, Modesto has a rich agricultural heritage, which continues to play a significant role in its economy today.
Modesto is known for its agricultural production, particularly in dairy, almonds, walnuts, and poultry. The city’s strategic location along the Tuolumne River and its fertile soil have made it one of the top agricultural producers in the nation. In addition to its agricultural prowess, Modesto is also famous for its historic downtown area, which offers a blend of modern amenities and historic charm. The city is also the hometown of filmmaker George Lucas, who drew inspiration from Modesto for his iconic film American Graffiti.
The climate in Modesto is characterized by hot, dry summers and mild, wet winters. Summer temperatures often reach the high 90s, while winter temperatures typically range from the mid-40s to low 60s. The city enjoys around 260 sunny days per year, making it attractive for those who appreciate a warm climate.
As of January 2024, the median home value in Modesto is $449,600, reflecting a steady increase in property values over the past year. Most homes in Modesto fall well within the federal reverse mortgage lending limit of $1,149,825, making the Home Equity Conversion Mortgage (HECM) product accessible to most qualified homeowners. Private jumbo reverse mortgage programs are available for those with properties valued above this limit, which may allow homeowners to access a greater portion of their home equity.
Modesto offers a variety of recreational opportunities, from exploring the scenic Tuolumne River Regional Park to enjoying local events like the annual Graffiti Summer, which celebrates the city’s connection to the classic car culture of the 1950s and 60s. The city also has several golf courses, shopping centers, and cultural venues like the Gallo Center for the Arts.
If you’re a homeowner in Modesto aged 62 or older, and you’re curious about how a reverse mortgage could benefit you, All Reverse Mortgage, Inc. (ARLO™) is here to help. Call us today at Toll-Free (800) 565-1722 or visit our calculator to explore your options.
We’re ready to answer your questions and help you make the most of your home’s equity—so you can confidently enjoy your retirement. Don’t wait—reach out to us today!
