Napa Reverse Mortgage Lenders
All Reverse Mortgage ® is the trademarked business name of United Southwest Mortgage Corporation, Inc. headquartered out of Southern California but lending in many states nationwide, including Napa, CA. All Reverse began in November of 2007 and as the name implies, the only loan product that All Reverse Mortgage Company originates is the residential reverse mortgage loan (and United Southwest Mortgage Corporation as well for that matter).
We offer reverse mortgages to Napa homeowners and our staff has a combined lending experience exceeding 100 years with national mortgage banking experience on both coasts and points between. Due to this varied direct experience, All Reverse Mortgage Company is well positioned to be able to assist borrowers with all the specific needs associated with the reverse mortgage programs.
Napa Reverse Mortgage Facts
||Homeowners Age 62+
||Reverse Mortgages Closed Last 12 Months
||Purchase Reverse Mortgages Closed Last 12 Months
||Lenders in Napa (est)
||Avg. Home Value
Napa Direct Lenders
United Southwest and All Reverse are approved lenders with HUD (Department of Housing and Urban Development) 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 originates in Napa and closes both refinance loans where borrowers already own their home and are looking 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 the mortgage of last resort. Everything from the elimination of the existing mortgage payments to the line of credit 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.
Napa Lending Limits
Napa is the largest city in Napa County, California. As of 2016, an estimated 142,166 people live in the city. Of the total population, about 28,249
residents are seniors 62 years and older.
Napa was first incorporated in 1872, though it was first settled in 1847. Napa became an important transportation hub for industrial,
commercial and agricultural goods. Gold miners frequently visited and rested in Napa before continuing their journeys.
In the present, Napa is known more for its quality wine and food. The city is home to protected historic districts that are home to contemporary
architecture styles. Areas of interest include Oxbow District, Restaurant Row and the West End. Napa is also at the forefront of a flood control project that
enhances a downtown riverwalk while protecting the nearby area from overflowing tides.
Major economic industries in Napa include tourism and wine. In fact, over 300 wineries provide thousands of jobs to citizens of Napa.
Other major industries and employers include Queen of the Valley Medical Center, Silverado Resort, Pacific Union College, Wal-Mart and
Wells Fargo, to name a few.
The median home value in Napa is $583,000 which was an increase of 3.8 percent in the last year. It is predicted that home values will
rise again this year by 1.4 percent. Even with the predicted rise in home values, only a handful of homes will still be under the maximum
reverse mortgage lending limit of $636,150. For senior homeowners who own property valued over the HECM lending limit, jumbo loan
programs are available.
If you reside in Napa All Reverse Mortgage® is here to answer your questions. Access our free calculator to estimate your reverse mortgage lending limit or call us Toll Free (800) 565-1722
· How to find the Best Reverse Mortgage Lender
· HUD.GOV Lender List
· ReverseMortgage.org Lender Finder