Newport Reverse Mortgage Lenders
All Reverse Mortgage, Inc. (ARLO™) is proud to be Oregon’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 $1,149,825.
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!
Newport Reverse Mortgage Facts
| City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Newport (est) | Avg. Home Value |
|---|---|---|---|---|---|
| Newport | 980 | 1 | 0 | 1 | $512,891 |
HUD Approved Direct Lender
All Reverse Mortgage, Inc. (ARLO™) is approved by the Department of Housing and Urban Development (HUD) to originate, underwrite, and close HUD’s Home Equity Conversion Mortgage (HECM), commonly referred to as a reverse mortgage.
In Albany, All Reverse Mortgage, Inc. (ARLO™) assists homeowners with refinancing, whether they want to pay off an existing loan and eliminate monthly mortgage payments, access their home equity for other purposes, or pursue a combination of both.
About All Reverse Mortgage, Inc.
At All Reverse Mortgage, Inc. (ARLO™), we’re proud to be licensed by the state of Oregon, bringing decades of expertise and local knowledge to homeowners across the state. Our owners and management were part of the team that introduced and sold the first fixed-rate jumbo reverse mortgage in 2008. With extensive experience in jumbo and proprietary loan programs, we continually seek new products to better serve Oregon homeowners, especially those with high-value homes in markets where the HUD HECM may not fully meet their needs.
As a licensed Oregon lender, we understand the unique aspects of the local housing market. We’re dedicated to helping you navigate the complexities of reverse mortgage options, from the HUD HECM to niche jumbo programs. Our seasoned originators are well-equipped to guide you through the process, ensuring you understand the pros and cons of each option so you can make an informed decision.
For homeowners aged 62 and above, a reverse mortgage can be a powerful financial tool—not just a last resort. Whether it’s eliminating existing mortgage payments or establishing a growing line of credit, we’re here to help you use your home’s equity to live comfortably and plan for the future in your family home.
Newport Lending Limits
Nestled along the beautiful Oregon Coast, Newport is a charming city known for its picturesque views and vibrant tourism industry. Established in 1882 and situated in Lincoln County, Newport has become a popular vacation destination for locals and visitors from across the Pacific Northwest. The city thrives off its tourism, fishing industry, and natural beauty, with attractions such as the Oregon Coast Aquarium drawing thousands of visitors annually.
As of 2024, Newport has an estimated population of approximately 11,400 people, with about 19% of residents aged 65 or older. Among this senior population, nearly 72% are homeowners, representing over 1,000 senior households. Many of these long-time homeowners may be eligible for a reverse mortgage, a valuable financial tool to support retirement.
Newport’s median home value stands at $512,891 as of January 2024, according to the Zillow Home Value Index. This reflects an impressive 18.1% increase in home values over the past year, a trend expected to continue. With the HUD lending limit for reverse mortgages set at $1,149,825, most homes in Newport fall well within this range, making Home Equity Conversion Mortgages (HECMs) accessible for senior homeowners. For those with higher-valued properties, jumbo reverse mortgage programs are also available, allowing access to more of their home’s equity.
If you’re a senior homeowner in Newport, a reverse mortgage could provide financial flexibility in your retirement, allowing you to enjoy your home’s equity without monthly mortgage payments. Whether you’re interested in eliminating those payments or setting up a line of credit, All Reverse Mortgage, Inc. (ARLO™) is here to help guide you.
If you’re a senior homeowner in Newport and are curious about how a reverse mortgage could benefit you, All Reverse Mortgage, Inc. (ARLO™) is here to guide you through the process. Call us today at Toll-Free (800) 565-1722, or visit our online calculator to see how much you could access with a reverse mortgage.
We’re here to help you make informed decisions and ensure you can enjoy your retirement with financial flexibility.
