Mooresville Reverse Mortgage Lenders
All Reverse Mortgage, Inc. (ARLO™) is proud to be North Carolina’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 2024 lending limit of $1,209,750.
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!
Mooresville Reverse Mortgage Facts
| City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Mooresville (est) | Avg. Home Value |
|---|---|---|---|---|---|
| Mooresville | 5,799 | 12 | 1 | 9 | $479,222 |
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 Mooresville 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, Inc.
Our team has been at the forefront of the reverse mortgage industry, including being part of the group that introduced the first fixed-rate jumbo reverse mortgage in 2008. This extensive experience allows us to offer personalized solutions for homeowners with high-value properties, especially in markets where a traditional HECM may not be the best fit.
Choosing the right reverse mortgage program can be complex, but our seasoned professionals are here to help. We’ll explain the benefits and considerations of each option, ensuring you can make an informed choice that suits your needs.
At All Reverse Mortgage, Inc. (ARLO™), we’re here to answer your questions and provide the support you need to make the best decision for your financial well-being.
Mooresville, North Carolina Reverse Mortgage Lending Limits
Mooresville, North Carolina, is a vibrant town located about 25 miles north of Charlotte. Known as “Race City USA” due to its deep roots in the NASCAR culture, Mooresville is home to several major racing teams, including Kyle Busch Motorsports, Team Penske, and Kasey Kahne Racing. The town’s population has grown significantly over the years, and as of 2024, it has an estimated population of 39,000 residents, with 12.5% of those being senior homeowners aged 62 or older.
A Town Steeped in Racing Culture
Mooresville’s unique claim to fame lies in its status as a hub for the motorsports industry, earning it the nickname “Race City USA.” NASCAR teams, racing shops, and car enthusiasts thrive in this dynamic town. Visitors and residents alike can explore the NASCAR Hall of Fame and take part in other racing-related events throughout the year. The town also offers a range of recreational opportunities, from boating and fishing on Lake Norman to exploring local parks and cultural venues.
Local Economy and Growth
Mooresville’s economy is diversified, with healthcare, manufacturing, retail, and food services being some of the leading industries. The town’s rapid growth has attracted new businesses and services to meet the needs of the expanding population, contributing to rising home values in recent years.
Housing Market in 2024
As of January 2024, the median home value in Mooresville is $479,222, reflecting a 20.1% increase over the past year. This substantial growth has made many homes in the area eligible for reverse mortgages. Homes with values under the federal reverse mortgage lending limit of $1,209,750 may qualify for Home Equity Conversion Mortgages (HECMs), a government-insured program designed for senior homeowners. For higher-valued homes, jumbo reverse mortgage options allow homeowners to access even more of their home’s equity.
Unlock Your Home’s Equity with a Reverse Mortgage
If you’re a senior homeowner in Mooresville or planning to move to this bustling town, a reverse mortgage can help you enhance your financial freedom in retirement. Whether you want to eliminate monthly mortgage payments or access additional funds from your home’s equity, All Reverse Mortgage, Inc. (ARLO™) is here to guide you through the process and answer any questions.
Call us today at Toll-Free (800) 565-1722, or visit our online reverse mortgage calculator at reverse.mortgage/calculator to estimate how much you could access with a reverse mortgage. We’re ready to assist you in making informed decisions for a secure and enjoyable retirement.
