Compare Nebraska's Best Reverse Mortgages
Top 10 Reverse Mortgage Lenders in Nebraska
|Lender Name||Company Start Date||Lender Rating||Review Stars (0-5.0)||% of Positive Reviews||# of Complaints Last 3 Yrs.||BBB Reviews|
|All Reverse Mortgage, Inc. of Florida||05/27/2004||A+||5.0||100%||2||Review Source|
|American Advisors Group (AAG)||10/29/2004||A-||4.1||82%||46||Review Source|
|Reverse Mortgage Funding LLC||09/25/2012||A+||3.0||60%||7||Review Source|
|Live Well Financial, Inc.||08/28/2008||A+||2.1||17%||9||Review Source|
|One Reverse Mortgage, LLC (Quicken Loans Inc.)||07/12/2001||A+||4.0||80%||4||Review Source|
|Liberty Home Equity Solutions, Inc.||09/05/2003||A+||2.1||42%||2||Review Source|
|HighTechLending Inc||06/06/2006||B+||3.0||60%||2||Review Source|
|Reverse Mortgage Solutions, Inc.||02/21/2007||F||1.05||1%||86||Review Source|
|Synergy One Lending, Inc. (Retirement Funding Solutions)||01/09/2013||A+||N/A||N/A||1||Review Source|
|Finance of America Reverse LLC||10/15/2003||A+||N/A||N/A||3||Review Source|
We are proud to be Nebraska's #1 rated reverse mortgage lender by the BBB with a Perfect 5.0 stars and A+ review. All Reverse Mortgage® lends in 17 states nationwide, and throughout all of Nebraska state.
All Reverse began in November 2007 and as the name implies, the only loan product that All Reverse Mortgage® originates is the residential reverse mortgage loan.
Nebraska homeowners seeking reverse mortgages come to us because of our brilliant staff members, whose combined lending experience exceeds 100 years. We have national mortgage banking experience on both coasts and many points between. Due to this direct experience, All Reverse Mortgage® is well positioned to assist borrowers with their specific needs associated with reverse mortgage programs.
Nebraska Reverse Mortgage Facts
|State||Homeowners Age 62+||Reverse Mortgages Closed Last 12 Months||Purchase Reverse Mortgages Closed Last 12 Months||Lenders in Nebraska||Avg. Home Value|
HUD Approved Direct Lender
All Reverse Mortgage® 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 the reverse mortgage program it administers for seniors who are 62 and older.
All Reverse Mortgage® originates in Nebraska and offers several reverse mortgage options. In some instances, borrowers are looking to pay off their existing loan and eliminate their monthly mortgage payment. Or, if they already have paid off their mortgage, a reverse loan can help borrowers utilize their equity for other purposes. In some cases, borrowers can do both. They also may use a specific type of reverse mortgage to purchase a new home.
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. We are always looking for new products to offer to borrowers with high valued homes in strong real estate markets where the HUD HECM might not serve well. Jumbo or proprietary programs typically offer lower Principal Limits as they relate to home values but can offer stronger borrowing power because they are not restricted by the federal loan limit set by HUD.
A seasoned originator can readily inform borrowers about their loan options, and can provide detail on the different options available, so that the borrower can make an informed decision. It is no longer uncommon to find markets where HECMs are most popular located near markets where jumbo reverse mortgages are more widely used.
Homeowners aged 62 and older in many markets have seen that the reverse mortgage can be a very solid financial tool, leading to many now seeking the reverse mortgage to augment their retirement plans rather than the last-resort approach more common in the past. Borrowers are using reverse mortgages for many purposes, from the elimination of existing mortgage payments to the line of credit that grows over time, offering more borrowing opportunities in the future.
Reverse mortgage borrowers understand that this program allows them to utilize their homes to not only live comfortably and age-in-place, but to plan for their financial future as well.
Nebraska Lending Limits
Nebraska is the 37th most populous state in the United States and the 16th largest in terms of land size. As of 2017, approximately 1,920,076 people lived in the state, with most of the population residing in a few of the state’s largest cities. About 295,691 residents in the state are age 65 and older, and about 66.1% of people in the state are homeowners.
Nebraska was home to a variety of native tribes when Europeans began to explore the land in the 1500s and 1600s. Even after the land changed hands from the French to the U.S. as part of the Louisiana Purchase, it was still used as Indian Territory where the U.S. government relocated many of the tribes. The state did not see major white settlement until the Oregon Trail and Gold Rush brought people westward in the 1850s. Nebraska became the 37th state in 1867.
Omaha is the largest city in the state with 466,893 residents. Before its establishment as a city, it was a fur trading post during the War of 1812. The city is home to multiple Fortune 500 companies and is the birthplace to famous natives like actors Marlon Brando and Fred Astaire, as well as investor Warren Buffett. It is also the birthplace of cake mix and tv dinners. Further west in Hastings, Kool-Aid was invented in 1927.
After Omaha, the largest cities in the state are its capital Lincoln and Bellevue. With a diversified economy, a few of Nebraska’s main industries are agriculture, finance and insurance, and transportation. Nebraska was ranked 4 on Forbes list of ‘Best Places to Do Business’, and it has multiple companies on the Fortune 500 list, including Berkshire Hathaway, Union Pacific, and Mutual of Omaha.
With a continental climate classification, Nebraska has four distinct seasons with large variances in temperature. The state has hot summers with an average high in July of 88 degrees Fahrenheit and very cold winters with an average low in January of 12 degrees Fahrenheit. The state is also prone to blizzards, droughts, and windstorms.
The average home value in the state is $161,200 and prices are expected to rise an additional 1.7% in the next year. Given this average, many homes fall below the federal maximum reverse mortgage lending limit of $726,525 that applies to all HECM loans. For more borrowing power above the federal limit, there are jumbo reverse mortgage programs available.
If you reside in Nebraska, All Reverse Mortgage is here to answer your questions. Access our online calculator or call us Toll Free at (800) 565-1722.
Nebraska Approved Reverse Mortgage Counseling Agencies
|Agency Name||Phone||Agency ID||Address||Languages||Website|
|HIGH PLAINS COMMUNITY DEVELOPMENT CORPORATION||308-432-4346||81530||803 E 3rd St Ste 4|
Chadron, Nebraska 69337-2855
|CREDIT ADVISORS FOUNDATION||402-393-3100||82478||1818 S. 72nd Street|
OMAHA, Nebraska 68124-1704
Did you know? Nebraska state does not mandate in-person counseling. Visit our counseling page for a list of phone-based counseling agencies and conduct your required counseling from the comfort of your home.
Our Exclusive Programs Designed to Fit Your Needs.
All Reverse Mortgage© has consistently brought exclusive offers to our valued Nebraska homeowners. Because of our unique process we're able to offer a better federally-insured reverse mortgage with no compromise.
Take a look at some of our program benefits that you won't find elsewhere:
|Exclusive 4.25% (5.95% APR) Fixed Rate for Life|
|Government Insured & Jumbo Proprietary Programs|
|Flexible Credit Lines from 2.98% with the Industries Lowest Lifetime Rate Exposure|
|ZERO Origination Fee Plans|
|ZERO Financed Closing Cost Plans|
|ZERO Monthly Servicing Fees on ALL programs|
How can we offer you more favorable terms?We are a direct lender approved by FHA (Federal Housing Administration) The HECM is literally all we do. All Reverse Mortgage is not just a name for us. We have a very low (almost non-existent) staff turnover and our people are experts. We don't work with Brokers, allowing us to pass the savings on to you. We don't hire "celebrity" spokespersons as we don't believe you should have to pay for a lender's expensive marketing budget with higher loan costs. We Charge Less! Check out our competition and our customer ratings. We never forget that this loan is about you and your needs and we put you first with superior service and lower costs.
All Reverse vs. the others
HUD approved direct lender.
Working with a local Nebraska lender saves you time and money.
As an award-winning direct lender our goal remains simple; to offer you the very best terms accompanied by extraordinary customer service.
What Our Customers Are Saying
|"There was no car salesman type of protracted negotiation. All reverse got right down to a good quote without a series of incremental steps."|
|"I was surprised how easy it was to deal with an out of state company. Actually it was much easier than my previous dealings with local banks and brokers"|
|"It is a wonderful feeling to have no mortgage and extra cash in our pocket. We are very happy."|
|"Thank you to All Reverse for handling everything in an efficient and smooth way. Thoroughly appreciate everything you have done to make things easy for me."|
|"This was the smoothest mortgage process I have ever experienced! And so fast!"|