Peoria Reverse Mortgage Lenders
At All Reverse Mortgage, Inc. (ARLO™), we are proud to be Arizona’s top-rated reverse mortgage lender, as recognized by the Better Business Bureau. We have a perfect 5-star rating and an A+ exemplary score. We’ve been serving Arizona homeowners since 2004 and are dedicated to providing reverse mortgages that help you enjoy your retirement years with peace of mind.
We understand that you deserve the best possible rate with the lowest costs. That’s why we focus solely on reverse mortgages, ensuring you receive expert guidance every step of the way. As a HUD-approved direct lender, we offer both national HECM programs and specialized jumbo Reverse Mortgages for homeowners with higher-value properties in Arizona.
We invite you to compare our customer reviews, lower rates, and closing costs with those of any other lender. We’re confident you’ll see the difference, and we look forward to helping you achieve your financial goals.
All Reverse Mortgage, Inc. is licensed by the Arizona Department of Financial Institutions (License/Registration #BK0934287)
Peoria Reverse Mortgage Facts
| City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Peoria (est) | Avg. Home Value |
|---|---|---|---|---|---|
| Peoria | 10,800 | 35 | 3 | 11 | $480,375 |
HUD-Approved Direct Lender
At All Reverse Mortgage, Inc. (ARLO™), we’re proud to be approved by the Department of Housing and Urban Development (HUD) to offer and manage the HUD Home Equity Conversion Mortgage, commonly known as the HECM or “reverse mortgage.” This program is designed to help homeowners like you access the equity in your home, providing financial flexibility during your retirement years.
In Peoria, we assist homeowners in refinancing their existing loans to eliminate monthly mortgage payments or to access their home equity for other financial needs. Whether you’re looking to pay off your current mortgage, use your home equity for new opportunities, or a combination of both, we’re here to provide expert guidance every step of the way.
About All Reverse Mortgage, Inc.
Our team has extensive experience with reverse mortgages, including jumbo or proprietary loans for higher-value homes. We were part of the team that created and sold the first fixed-rate jumbo reverse mortgage in 2008. This experience allows us to offer you the right product for your needs, whether a HUD HECM or a specialized jumbo program. Our knowledgeable professionals will walk you through each option’s benefits and potential drawbacks, ensuring you can make an informed decision that best suits your financial goals.
Peoria, Arizona, located just 13 miles northwest of Phoenix, is a rapidly growing suburb with a rich history. Initially named after Peoria, Illinois, it was founded in the late 1800s and has grown into a major part of the Phoenix metropolitan area. With a population nearing 170,000 as of 2017, Peoria is home to many recreational activities, including the spring training facilities for the San Diego Padres and Seattle Mariners and attractions like Lake Pleasant Regional Park and the Arizona Broadway Theatre.
Peoria’s warm climate, with hot summers and mild winters, makes it an attractive retirement destination for many seniors. According to U.S. Census Bureau data, around 14% of Peoria’s population is 65 and older, and 79% of these seniors are homeowners. This indicates a strong community of senior homeowners who may benefit from reverse mortgage options.
As of January 2023, the median home value in Peoria is $480,375, reflecting an 8.8% increase over the past year. While some homes in Peoria may exceed this value, most fall within the federal reverse mortgage lending limit of $1,209,750. For homes valued above this limit, jumbo reverse mortgage programs are available to allow homeowners to access more equity.
A reverse mortgage could be a valuable tool for senior Peoria homeowners looking to supplement their retirement income, eliminate monthly mortgage payments, or create a growing line of credit.
If you reside in Peoria, All Reverse Mortgage, Inc. (ARLO™) is here to help you explore your options. Call us toll-free at (800) 565-1722.
