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!

Port St. Lucie Reverse Mortgage Facts

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 Port St. Lucie 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.

Port St. Lucie is the most populous city in its eponymous county, and is located in the central southeastern region of the state of Florida. Situated about 125 miles southeast of Orlando, the city has an estimated 2019 population of just over 200,000 residents according to U.S. Census Bureau data. Its history does not extend back very far in comparison with other localities in Florida, since as recently as the 1950s, much of the region which Port St. Lucie would come to occupy sat as vacant land not far from U.S. Route 1.

In 1958, a land development company in the state of Florida simply called the General Development Corporation (GDC) purchased the River Park development and 40,000 acres (160 km2) along the North Fork of the St. Lucie River with a reported budget of $5 (or about $45.24 in 2020 values when accounting for inflation). The next year, the GDC opened its first bridge over the St. Lucie River, allowing cars to gain direct access to what would become Port St. Lucie.

By February of 1961, Port St. Lucie was a burgeoning community, laying claim to 250 new homes which led GDC to request that the land, along with the River Park development, be incorporated into the city of Port St. Lucie, Florida. The state legislature considered and granted the GDC’s request, and Port St. Lucie received its official incorporation as a city in the state of Florida on April 27, 1961 with the signature of Democratic Governor C. Farris Bryant.

While originally envisioned solely as a residential area, the community started to develop into a location for business complexes due to its centralized location in the southeast region of the state. A flourish of new development activity in the 1990s brought businesses, arts and entertainment to Port St. Lucie, which would go on to contribute to a notable period of growth the city experienced from the late 1990s through the 2000s.

An initial wave of development brought a wave of nearly 7,000 new jobs into Port St. Lucie, and in 2006 a development company started construction on a new community called “Tradition.” Tradition was constructed on 13 million square feet of commercial land, with room for about 18,000 new homes earmarked for construction.

However, the presence of many new residential homes also led to a literal declaration of disaster, due to the collapse of the housing market and the resulting financial crisis in 2007-08. Unemployment spiked to 10.5% and nearly 11,000 homes went into foreclosure by 2009, causing the county to consider having itself declared as a disaster area, which could’ve given it access to additional funds needed to stave off further economic degradation.

However, Port St. Lucie found something of a new lease on life as a privately-owned, 150-acre research park dedicated to drug discovery would end up calling Port St. Lucie home. The Florida Center of Innovation (later renamed Tradition Center for Innovation) is a campus dedicated to immunology, medical devices and healthcare, where two scientific research companies continue to work to this day.

Port St. Lucie (and more specifically Tradition) is also home to a $38 million, 400,000 square foot manufacturing and distribution center belonging to TAMCO, a subsidiary of City Electric Supply. Construction on the massive complex began in 2018 and was completed by the end of 2019. Interestingly, Port St. Lucie has also appeared or been mentioned in film and television, serving as a filming location for the Roger Moore-starring James Bond film Moonraker, and receiving mentions by name on an episode of popular political drama series The West Wing in its second season.

16 percent of Port St. Lucie’s population is made up of seniors that are at least 65 years old, based on U.S. Census Bureau data. Of Port St. Lucie’s senior population, 92 percent are also homeowners as opposed to renters. That means there’s a dedicated community of seniors that call Port St. Lucie their long-term home.

Thousands of the senior households in Port St. Lucie may be eligible to obtain a reverse mortgage. Several of these older homeowners have already done their research and begun using reverse mortgages to support their retirement needs.

Compared with the average home price in Florida, Port St. Lucie’s median home price is less than the rest of the state at $409,837, according to the Zillow Home Value Index as of January 2023. Prices in the area have increased 25.5% over the past year.

Some homes in Port St. Lucie may be worth more than this median value. If your home has been appraised for more than the HUD lending limit of $1,089,300, you may still be able to tap into your home equity with the help of a reverse mortgage.

If you're a homeowner who fits this description and you're interested in using a reverse mortgage to supplement your retirement, you might want to consider a jumbo reverse mortgage, from which you may be able to access a greater portion of your home equity than you otherwise would with a FHA-insured HECM loan.

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 approach your retirement years.

If you reside in Port St. Lucie All Reverse Mortgage, Inc. (ARLO™) is here to answer your questions.

Top Florida Lender Resource Links:
Reversemortgage.org NRMLA Members in Florida: https://www.reversemortgage.org/Find-a-Lender/state/FL
HUD.GOV Approved Lenders in Florida for HECM Loan

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