North Richland Hills 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 North Richland Hills, Texas.
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 North Richland Hills 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.
North Richland Hills Reverse Mortgage Facts
||Homeowners Age 62+
||Reverse Mortgages Closed Last 12 Months
||Purchase Reverse Mortgages Closed Last 12 Months
||Lenders in North Richland Hills (est)
||Avg. Home Value
|North Richland Hills
HUD Approved 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 North Richland Hills 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.
North Richland Hills Lending Limits
Located in Tarrant County, Texas, North Richland Hills is a suburb between Fort Worth and Dallas. The city’s roots go back to 1848, when W.S.
Peters and 600 families settled in the area during the summer of 1848. But the city wasn’t officially incorporated until 1953. By 1960, the population had
already risen to almost 9,000 residents.
As of July 2016, the city’s population is about 70,000 residents, with about 11,000 residents 62 years and over. It’s the third largest city in
Tarrant County. As the city has grown, so too has its economic development. The economy in North Richland Hills is primarily driven by business/finance,
health care and the food industry.
When residents aren’t working, they can find plenty of activities to participate in. From visiting the library to walking around the community garden,
there are plenty of activities for everyone. The city even has a state-of-the-art recreation center. Opened in 2012, the 86,000 square foot facility contains a
fitness center, an aquatics area, banquet facilities, a multi-purpose senior center and much more.
The median home value in North Richland Hills is $208,000, which saw an increase of 9.9 percent in the last year. Over the next year, it is predicted
that home values will rise again by 4.9 percent. Even with the predicted rise in home values, many homes will still be under the Federal Housing
Administration lending limit of $636,150 for all HECM loans. For home values that are over the HECM lending limit, there are are jumbo loan programs available.
If you reside in North Richland Hills All Reverse Mortgage® is here to answer your questions. Access our free calculator to estimate your reverse mortgage lending limit or call usToll Free(800) 565-1722
• How to find the Best Reverse Mortgage Lender
• HUD.GOV Lender List
• ReverseMortgage.org Lender Finder