Richmond Reverse Mortgages
At All Reverse Mortgage, Inc. (ARLO™), we take great pride in being recognized by the Better Business Bureau as the top-rated reverse mortgage lender in Texas. Our commitment to excellence has earned us a perfect 5.0-star rating and an A+ rating, reflecting our dedication to outstanding service.
With over 20 years of specialized experience, we are devoted to meeting the needs of homeowners across 15 states, including the great state of Texas. Since our inception in November 2004, we have focused solely on reverse mortgages, striving to offer you the most favorable rates and competitive pricing available.
As a HUD-approved direct lender, we offer a range of reverse mortgage options, including the national Home Equity Conversion Mortgage (HECM) programs and non-FHA and jumbo reverse mortgages. This allows us to assist Texas homeowners with high-value properties that exceed the national 2024 lending limit of $1,149,825.
We invite you to compare our customer reviews, lower rates, and competitive closing costs with those of other major lenders. The difference is clear, and we are eager to demonstrate how we can help you maximize your home’s equity.
Rest assured, we are fully licensed by the Texas Department of Savings & Mortgage Lending (License/Registration #84280), ensuring you receive top-notch service and support throughout the state.
Richmond Reverse Mortgage Facts
| City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Richmond (est) | Avg. Home Value |
|---|---|---|---|---|---|
| Richmond | 568 | $401,518 |
HUD-Approved Direct Lender
At All Reverse Mortgage, Inc. (ARLO™), we are proud to be approved by the Department of Housing and Urban Development (HUD) to originate, underwrite, and close HUD’s Home Equity Conversion Mortgage (HECM), also known as a reverse mortgage. The HECM, or “Heck-um,” is HUD’s primary reverse mortgage program, allowing senior homeowners to access their home equity without the burden of monthly mortgage payments.
Our team at All Reverse Mortgage, Inc. (ARLO™) is dedicated to serving homeowners in Richmond, Texas, and beyond. We specialize in both refinancing existing loans and originating new reverse mortgages, providing options to eliminate monthly mortgage payments, access home equity for other financial needs, or a combination of both.
About All Reverse Mortgage of Richmond
The leadership of All Reverse Mortgage, Inc. (ARLO™) was instrumental in introducing the first fixed-rate jumbo reverse mortgage in 2008. With extensive experience in jumbo and proprietary loan programs, we continually seek new products to serve homeowners with high-value properties in Richmond and other markets where the standard HUD HECM may not fully meet their needs.
Our experienced originators are here to guide you through the various reverse mortgage options, ensuring you choose the program that best suits your financial goals. Whether you’re in a market well-suited for a traditional HECM or a niche market requiring a jumbo loan, we’ll help you make an informed decision.
For many homeowners aged 62 and above, a reverse mortgage is no longer just a last resort—it’s a powerful financial tool to enhance retirement. From eliminating existing mortgage payments to securing a growing line of credit, a reverse mortgage can help you live comfortably in your family home while planning for the future.
Richmond Lending Limits
Richmond, Texas, has a rich history that dates back to 1822 when a group of colonists from Austin established a settlement near Richmond. The town, named after Richmond, England, was incorporated in 1837, making it one of the first 19 cities in the Republic of Texas. Over the years, Richmond became home to many prominent figures in Texas history, including Jane Long, Erastus “Deaf” Smith, and Mirabeau Lamar.
Today, Richmond is a small yet significant town with a population of 13,850 as of 2024. It serves as the county seat of Fort Bend County and is part of the Houston–Woodlands–Sugar Land metropolitan area.
According to U.S. Census Bureau data, 12% of Richmond’s population comprises seniors aged 65 and older, with 71% being homeowners. This represents a strong community of seniors who have made Richmond their long-term home.
As of January 2024, Richmond’s median home value is $423,600, reflecting a 10.4% increase over the past year. Some homes may exceed this value, and for those with high-value properties, jumbo reverse mortgage options are available.
If your home has been appraised for more than the HUD lending limit of $1,149,825, you can still tap into your home equity with a reverse mortgage, particularly through a jumbo reverse mortgage program.
Reverse mortgages may not be the perfect solution for every homeowner, but depending on your situation, a HECM could be a valuable tool as you approach your retirement years.
Ready to Explore Your Options?
If you’re a Richmond resident and considering a reverse mortgage, All Reverse Mortgage, Inc. (ARLO™) is here to help. Access our online reverse mortgage calculator to estimate your reverse mortgage lending limit, or give us a call today at Toll-Free (800) 565-1722.
We’re ready to answer your questions and help you make the most of your home’s equity—so you can confidently enjoy your retirement. Don’t wait—reach out to us today!
