Redmond Reverse Mortgage Lenders
All Reverse Mortgage ® is the trademarked business name of United Southwest Mortgage Corporation, Inc.
headquartered out of Southern California but lending in many states nationwide, including Redmond, Oregon.
All Reverse began in November of 2007 and as the name implies, the only loan product that All Reverse Mortgage Company originates
is the residential reverse mortgage loan (and United Southwest Mortgage Corporation as well for that matter).
We offer reverse mortgages to Redmond 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
Company is well positioned to be able to assist borrowers with all the specific needs associated with the reverse mortgage programs.
Redmond Reverse Mortgage Facts
||Homeowners Age 62+
||Reverse Mortgages Closed Last 12 Months
||Purchase Reverse Mortgages Closed Last 12 Months
||Lenders in Redmond (est)
||Avg. Home Value
HUD Approved Direct Lenders
United Southwest and All Reverse are approved lenders with HUD
(Department of Housing and Urban Development) 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 Redmond and closes both refinance loans where borrowers
already own their home and are looking 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 the mortgage of last resort.
Everything from the elimination of the existing mortgage payments
to the line of credit 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.
Redmond Lending Limits
On the eastern side of Oregon’s Cascade Range in the High Desert, Redmond is known for its access to recreational activities. The city had a
population of 27,427 in 2013 and 8,645 of those residents were homeowners 62 and older.
Recreational activities in Redmond and the areas surrounding the city include mountain biking, fishing, hiking, camping, rock climbing,
white-water rafting, skiing and golf.
In addition to the many outdoor activities available in Redmond, it is also one of the fastest-growing industrial and residential communities in the state of
Oregon. Currently, the median home value in the city is $259,700, which is well under the maximum reverse mortgage lending limit of $636,150.
Redmond was incorporated in 1910 and was named after Frank T. Redmond who settled in the area in 1905. The area grew steadily in population
throughout the early 20th century. Much of the growth was due to the U.S. Army Air base and commercial air service was established at Roberts
Field following World War II in the 1940s.
The population slowed a bit in the late 20th century but then accelerated again. Between 2000 and 2006 the city’s population grew over 74%,
making it one of Oregon’s fastest-growing cities during that time. Part of the reason for the city’s early 21st century growth was increased employment
opportunities as well as the lower cost of living.
If you reside in Redmond All Reverse Mortgage® is here to answer your questions. Access our free calculator to estimate your reverse mortgage lending limit or call usToll Free(800) 565-1722
• How to find the Best Reverse Mortgage Lender
• HUD.GOV Lender List
• ReverseMortgage.org Lender Finder