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Portland Reverse Mortgage Lenders
All Reverse Mortgage, Inc. (ARLO™) is proud to be Oregon'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!
Portland Reverse Mortgage Facts
|City||Homeowners Age 62+||Reverse Mortgages Closed Last 12 Months||Purchase Reverse Mortgages Closed Last 12 Months||Lenders in Portland (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 Portland 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.
Portland Lending Limits
As the largest city in Oregon, Portland covers 145 square miles and had an estimated 632,309 residents in 2015. Of those residents, 63,371 are homeowners 62 and older.
Portland was named after Portland, Maine and the area started to gain its population in the 1830s near the end of the Oregon Trail. As the city is a port, it provided convenient options for the transportation of goods. The timber industry in particular provided major growth to the city’s economy in its earlier years.
In the 20th century, the city gained a reputation as one of the most dangerous port cities in the world because of its excessive organized crime and racketeering.
The “Rose City” is now known as a great place for emerging artists. The city draws people in with its greenery, local craft beer, coffee and widespread support of biking.
Portland doesn’t just have parks, it has huge arboretums. In particular, the Hoyt Arboretum has various flora from around the world at a location in the middle of the city.
When it comes to beverages, Portland is well-known for its Stumptown coffee that has gained popularity around the country. For beer lovers, the city is known for having numerous local brews like Laurelwood’s Organic Green Mammoth IPA and Cascade Brewing’s barrel-aged Bourbonic Plague. The city is also known for having unique food trucks and sweets including those from winner of “Cupcake Wars,” Kyra Bussanich.
To balance out all of the eating and beer drinking, the city is known for its biking accessibility. There are bike groups throughout the city as well as guided bike tours for visitors and locals alike.
Living in Portland, the median home value is $567,381 as of January 2023, which is under the HECM reverse mortgage federal lending limit of $1,089,300.
If you reside in Portland All Reverse Mortgage, Inc. (ARLO™) is here to answer your questions.
Additional Oregon Lender Resource Links:
Top 10 Lender Reviews & Ratings
Reversemortgage.org NRMLA Members in OR: https://www.reversemortgage.org/Find-a-Lender/state/OR
HUD.GOV Approved Lenders in Oregon for HECM Loan
Our Exclusive Programs Designed to Fit Your Needs
All Reverse Mortgage© has consistently brought exclusive offers to our valued San Jose homeowners. Because of our unique process we're able to offer a better federally-insured reverse mortgage with no compromise.
Take a look at some of our program benefits that you won't find elsewhere:
|Exclusive 6.680% (8.094% APR) Fixed Rate for Life|
|Government Insured & Jumbo Proprietary Programs|
|Flexible Credit Lines 6.67% (2.00 Margin) with the Industries Lowest Lifetime Rate Exposure|
|ZERO Origination Fee Options|
|ZERO Financed Closing Cost Options (*on select jumbo programs)|
|ZERO Monthly Servicing Fees on ALL programs|