Redmond Reverse Mortgage Lenders
At All Reverse Mortgage, Inc. (ARLO™), we’re proud to be Oregon’s #1 Rated Reverse Mortgage Lender, celebrating 20 years of dedicated service. Our A+ rating from the Better Business Bureau and perfect 5-star reviews reflect our unwavering commitment to providing you with the best terms and exceptional customer care.
Since 2004, our mission has been simple: to help Oregon homeowners make the most of their home’s equity with peace of mind. As a HUD-approved lender, we offer a comprehensive range of HECM and jumbo reverse mortgages tailored to meet your specific needs.
With our competitive rates and lower costs, you can retain more of your home’s equity. We’re here to show you the difference our experience can make, and we look forward to guiding you every step of the way!
All Reverse Mortgage is licensed by the Division of Finance and Corporate Securities (DFCF) (License/Registration #ML-5006)
Redmond Reverse Mortgage Facts
| City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Redmond (est) | Avg. Home Value |
|---|---|---|---|---|---|
| Redmond | 3,307 | 27 | 0 | 15 | $517,754 |
HUD Approved Direct Lender
All Reverse Mortgage, Inc. (ARLO™) is approved by the Department of Housing and Urban Development (HUD) to originate, underwrite, and close HUD’s Home Equity Conversion Mortgage (HECM), commonly referred to as a reverse mortgage.
In Albany, All Reverse Mortgage, Inc. (ARLO™) assists homeowners with refinancing, whether they want to pay off an existing loan and eliminate monthly mortgage payments, access their home equity for other purposes, or pursue a combination of both.
About All Reverse Mortgage, Inc.
At All Reverse Mortgage, Inc. (ARLO™), we’re proud to be licensed by the state of Oregon, bringing decades of expertise and local knowledge to homeowners across the state. Our owners and management were part of the team that introduced and sold the first fixed-rate jumbo reverse mortgage in 2008. With extensive experience in jumbo and proprietary loan programs, we continually seek new products to better serve Oregon homeowners, especially those with high-value homes in markets where the HUD HECM may not fully meet their needs.
As a licensed Oregon lender, we understand the unique aspects of the local housing market. We’re dedicated to helping you navigate the complexities of reverse mortgage options, from the HUD HECM to niche jumbo programs. Our seasoned originators are well-equipped to guide you through the process, ensuring you understand the pros and cons of each option so you can make an informed decision.
For homeowners aged 62 and above, a reverse mortgage can be a powerful financial tool—not just a last resort. Whether it’s eliminating existing mortgage payments or establishing a growing line of credit, we’re here to help you use your home’s equity to live comfortably and plan for the future in your family home.
Redmond Lending Limits
Located on the eastern side of Oregon’s Cascade Range, Redmond is known for its access to various outdoor recreational activities. As of 2013, Redmond had a population of 27,427, 8,645 of whom were homeowners aged 62 and older, making reverse mortgages a viable option for many senior residents.
Outdoor activities in and around Redmond include mountain biking, fishing, hiking, camping, rock climbing, white-water rafting, skiing, and golf, making it a hub for adventure enthusiasts. The city is also rapidly expanding as both an industrial and residential community.
Redmond’s Housing Market
As of January 2023, the median home value in Redmond is $517,754, according to the Zillow Home Value Index. This figure is well within the maximum reverse mortgage lending limit of $1,209,750, making a Home Equity Conversion Mortgage (HECM) an attractive option for senior homeowners. For homes valued above this limit, jumbo reverse mortgage programs are available to access even more home equity.
Historical Background
Redmond was officially incorporated in 1910 and named after Frank T. Redmond, who first settled in the area in 1905. The population of Redmond grew steadily throughout the early 20th century, bolstered by the presence of the U.S. Army Air Base and the establishment of Roberts Field for commercial air service after World War II. The city’s rapid growth has continued, with its population growing by over 74% between 2000 and 2006, partly due to increased employment opportunities and a lower cost of living compared to other Oregon cities.
Learn More About Your Reverse Mortgage Options
If you’re a senior homeowner in Redmond and want to explore how a reverse mortgage could benefit you, All Reverse Mortgage, Inc. (ARLO™) is here to help. Contact us today at Toll-Free (800) 565-1722, or visit our online calculator at reverse.mortgage/calculator to estimate how much you could access with a reverse mortgage. We’re ready to assist you in making informed decisions to ensure you enjoy a comfortable retirement.
