Palm Coast's #1 Reverse Mortgage
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All Reverse Mortgage, Inc. (ARLO™) is proud to be Florida'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 2023 lending limit of $1,089,300.
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!
Palm Coast Reverse Mortgage Facts
|City||Homeowners Age 62+||Reverse Mortgages Closed Last 12 Months||Purchase Reverse Mortgages Closed Last 12 Months||Lenders in Palm Coast (est)||Avg. Home Value|
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 Palm Coast 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®
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 as a mortgage of last resort. Everything from the elimination of the existing mortgage payments to the line of credit that grows 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.
Palm Coast, Florida, has a population of roughly 94,000 residents, located on the east coast of Florida in the Deltona–Daytona Beach–Ormond Beach metro area. The city has experienced rapid population growth since its incorporation in 1999 and has recently enjoyed significant home price appreciation. Its location situated across 70 miles of canals and the Intracoastal Waterway and proximity to the Atlantic coast have led many residents to move to Palm Coast over the last 20 years.
Formerly the site of a vast acreage of Flagler County swampland and forest, the city was developed by ITT Community Development Corporation with an original plan to include nearly 48,000 homes. In the 1970s, the city opened a welcome center, though the city itself was not incorporated until close to the turn of the 21st Century.
Today, the city of Palm Coast highlights a wealth of recreational activities and sites including parks, fishing, boating, tennis, golf and 130-plus miles of connecting trails situated for pedestrians and cyclists, among its appealing qualities and visitor attractions. Visitors and residents alike enjoy native area foliage and vegetation as well as bird-watching and other wildlife experiences including dolphin and other aquatic animal sightings.
Palm Coast experiences a hot, tropical climate with summer averages in the low 80s and winter averages in the low 50s. Average precipitation each year is roughly 51 inches, spanning an average 127 days of precipitation. Like much of the surrounding area and Florida coastline, Palm Coast has experienced significant hurricane activity. Dating back to hurricane tracking data from the 1850s, the area has been directly impacted by 33 hurricanes.
The median home value in Palm Coast, Florida, is $357,164 - which represents an increase of 9% in the last year. Most Palm Coast, Florida homes are below the federal reverse mortgage lending limit of $1,089,300. For those with homes valued above the federal lending limit, there are several private jumbo reverse mortgage programs available that may better suit those homeowners.
If you reside in Palm Coast All Reverse Mortgage, Inc. (ARLO™) is here to answer your questions.