Raleigh Reverse Mortgage Lenders
All Reverse Mortgage® is a reverse mortgage company that lends throughout the state of North Carolina, including Raleigh. All Reverse began in
November 2007 and as the name implies, the only loan product that All Reverse Mortgage® originates is the residential reverse mortgage loan
We offer reverse mortgages to Raleigh homeowners and our staff has a combined lending experience exceeding 100 years
with national mortgage banking experience on both coasts and points between. Due to this varied direct experience, All Reverse
Mortgage® is well positioned to be able to assist borrowers with all specific needs associated with the reverse mortgage program.
Raleigh Reverse Mortgage Facts
||Homeowners Age 62+
||Reverse Mortgages Closed Last 12 Months
||Purchase Reverse Mortgages Closed Last 12 Months
||Lenders in Raleigh (est)
||Avg. Home Value
HUD Approved Direct Lender
All Reverse Mortgage® 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® originates in Raleigh and offers several reverse mortgage options: in some instances borrowers are looking to pay off their
existing loan and eliminate their monthly mortgage payment; or if they already have paid off their mortgage, a reverse loan can help borrowers
utilize their equity for other purposes. In some cases, borrowers can do both. They also may use a specific type of reverse mortgage to purchase a
About All Reverse Mortgage®
The owners and management of All Reverse Mortgage® 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 well. Jumbo or proprietary
programs typically offer much lower Principal Limits as they relate to values, 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.
Raleigh Lending Limits
As the capital of North Carolina, Raleigh is the second-largest city in the state. Nicknamed the City of Oaks after the
city’s many oak trees, Raleigh is home to nearly 441,326 people. Senior homeowners 62 represent about 11.7 percent of the city’s population.
North Carolina State University is located in Raleigh, which means the city is part of the state’s Research Triangle Park. Together,
with Durham (home to Duke University) and Chapel Hill (home to the University of North Carolina at Chapel Hill), RTP is one of
the country’s most prominent research and development areas.
Raleigh residents often spend their time visiting the city’s many museums, some of which include the African American Cultural
Complex, the North Carolina Museum of Art and the North Carolina Sports Hall of Fame.
Raleigh’s economy is quite diverse, with professional services, healthcare and retail major economic drivers. Some of the city’s largest
employers include the State of North Carolina, Wake County Public School System and the software company Red Hat.
The median home value in Raleigh, North Carolina, is $261,800 - an increase of 6.8 percent in the last year. Home values are projected to rise
another 4.3 percent in 2018. Some Raleigh, North Carolina homes are below the federal reverse mortgage lending limit of $726,525.
For those with homes valued above the federal lending limit, there are several private jumbo reverse mortgage programs available that may
better suit those homeowners.
If you reside in Raleigh or are planning to move there, All Reverse Mortgage is here to answer your questions.
reverse mortgage calculator to
estimate your reverse mortgage loan amount or call us Toll Free (800) 565-1722.