Palm Springs Reverse Mortgages
At All Reverse Mortgage, Inc. (ARLO™), we take pride in being California’s #1 Rated Reverse Mortgage Lender. We have a perfect 5-star rating from the Better Business Bureau and an A+ Exemplary Rating. We’ve been serving communities across California and 15 additional states since 2004, all from our headquarters in Southern California.
We focus solely on reverse mortgages, so you can trust that we have the expertise you need. We’re dedicated to providing you with the best possible rates and the lowest costs, ensuring you get the most out of your home’s equity.
As a HUD-approved lender, we offer national HECM programs and provide non-FHA and Jumbo Reverse Mortgages for those with higher-value homes exceeding the national 2024 lending limit of $1,149,825.
We invite you to compare our reviews, rates, and closing costs with those of any other lender. We’re confident you’ll see the difference and are excited to help you make the most informed decision.
Palm Springs Reverse Mortgage Facts
| City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Palm Springs (est) | Avg. Home Value |
|---|---|---|---|---|---|
| Palm Springs | 1,190 | 4 | 0 | 2 | $715,239 |
HUD-Approved Direct Lender
At All Reverse Mortgage, Inc. (ARLO™), we are proud to be approved by the Department of Housing and Urban Development (HUD) to offer the Home Equity Conversion Mortgage (HECM), commonly known as a reverse mortgage. We take care of everything, from the application to closing, ensuring you’re in good hands every step of the way.
We serve homeowners in Anaheim, helping those who already own their homes refinance to eliminate their monthly mortgage payments or access their home equity for other needs. Whether you want to pay off your existing loan, free up some extra cash, or do both, we’re here to help.
About Us
Our team at All Reverse Mortgage has deep experience in the industry. In 2008, we were part of the group that introduced the first fixed-rate jumbo reverse mortgage, so we understand both HUD-backed HECM loans and jumbo (or proprietary) loans. This expertise allows us to offer options for homeowners with higher-value homes that may not be fully covered by HUD’s HECM program.
Choosing the right loan can be challenging, but our experienced originators are here to guide you. We’ll explain the options, including the pros and cons of each, so you can make the best decision for your situation. Whether a HUD HECM or a jumbo loan is right for you depends on your unique needs, and we’ll ensure you have all the information to make an informed choice.
For homeowners aged 62 and older, a reverse mortgage can be a valuable financial tool. It’s not just a last resort; many are using it to enhance their retirement plans. With a reverse mortgage, you can eliminate monthly mortgage payments or set up a line of credit that grows over time, helping you live comfortably and plan for the future.
Palm Springs Lending Limits
In Riverside County, California, Palm Springs is a desert resort city renowned for its leisurely outdoor activities, including biking, golfing, hiking, and horseback riding in the nearby desert and mountain areas. Before World War II, Palm Springs was a favorite getaway for Hollywood’s rich and famous and a popular destination for tourists and retirees. Between the 1950s and 1960s, over 2,000 homes were built, doubling the city’s capacity.
Today, Palm Springs remains a popular destination for retirees, thanks to its pleasant year-round weather and abundant golf courses. As of 2024, the total population of Palm Springs is approximately 46,500, with nearly 8,500 of those residents being homeowners aged 62 and over.
As of January 2024, the average home value in Palm Springs is $742,200, below the federal lending limit for Home Equity Conversion Mortgages (HECM).
For retirees in Palm Springs, there’s never a shortage of activities. The city hosts the Palm Springs International Film Festival, offers cultural experiences at the Palm Springs Art Museum, and is home to various restaurants. Additionally, the city is located near Joshua Tree National Park, providing ample opportunities for outdoor exploration.
For those interested in architecture, Palm Springs is famous for its modernist buildings and celebrates its architectural heritage yearly during Palm Springs Modernism Week.
If you’re a homeowner in Palm Springs aged 62 or older, and you’re curious about how a reverse mortgage could benefit you, All Reverse Mortgage, Inc. (ARLO™) is here to help.
Give us a call today at Toll-Free (800) 565-1722 or visit our calculator to explore your options. We’re ready to answer your questions and help you make the most of your home’s equity—so you can confidently enjoy your retirement. Don’t wait—reach out to us today!
