Phoenix's #1 Reverse Mortgage
Reverse Mortgage Calculator
All Reverse Mortgage, Inc. (ARLO™) is proud to be Arizona'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 Arizona.
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!
Phoenix Reverse Mortgage Facts
|Homeowners Age 62+
|Reverse Mortgages Closed Last 12 Months
|Purchase Reverse Mortgages Closed Last 12 Months
|Lenders in Phoenix (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 Phoenix 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.
The sixth largest city in the United States, Phoenix traditionally has been a popular destination for retirees looking to kick back and relax in the desert heat.
Due to its natural beauty and climate, the city also provides a wealth of outdoor attractions and recreational activities, including the Phoenix Botanical Gardens, the Phoenix Zoo and South Mountain Park, which is the largest municipal park in the United States. Phoenix is also home to a variety of major league sports teams, and is one of only 13 U.S. cities to have representatives of all four major professional sports leagues, including the Arizona Cardinals (NFL), Arizona Diamondbacks (MLB), Arizona Coyotes (NHL) and Phoenix Suns (NBA).
Phoenix is also the most populous state capital in the U.S. with more than 1.5 million residents living in the city as of 2015. Of this total population, 8.4% are adults age 65 and older and approximately 78,000 homeowners living in Phoenix are eligible for a reverse mortgage.
Borrowers in this area have a median home value of $409,382, according to the Zillow Home Value Index. Prices have increased 5.9% over the past year and Zillow as of January 2023.
For homeowners with higher valued properties above the HUD lending limit of $625,500 for HECMs, they might want to consider a jumbo reverse mortgage, which may allow them to access a greater portion of their home equity than a HECM reverse mortgage.
Reverse mortgages might not be the perfect solution for every homeowner, but depending on your particular situation, a HECM could be something to consider as you near your retirement years.
If you reside in Phoenix, All Reverse Mortgage, Inc. (ARLO™) is here to answer your questions.