Riverside's #1 Reverse Mortgage
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All Reverse Mortgage, Inc. (ARLO™) is proud to be California'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 2024 lending limit of $1,149,825.
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!
Riverside Reverse Mortgage Facts
|City||Homeowners Age 62+||Reverse Mortgages Closed Last 12 Months||Purchase Reverse Mortgages Closed Last 12 Months||Lenders in Riverside (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 Riverside 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.
As one of the 58 counties in the state of California, Riverside County had a population of 2,189,541 in 2010. It is the fourth most populated county in the state of California and the 11th in country.
The county surpassed one million people in 1980 when the area became a major real estate destination in the 1970s. In the 1990s and early 2000s, Riverside became a place to establish new or relocated offices, corporations and finance centers.
Riverside County covers 7,208 square miles in Southern California ranging from the Greater Los Angeles area to the border of Arizona. Some cities that make up the county include Palm Springs, Palm Desert, Indian Wells, La Quinta, Rancho Mirage and Desert Hot Springs.
There are 161,378 homeowners 62 and older in Riverside County. The area is great for retirees who love the outdoors. There are numerous national protected areas throughout the county including Cleveland National Forest, Coachella Valley National Wildlife Refuge, Joshua Tree National Park, San Bernardino National Forest and Dos Palmas Preserve.
The area is also extremely diverse when it comes to flora and fauna including many desert flora as well as forested areas in the county.
As of January 2023 the average value of homes in Riverside County is $619,091, which is under the federal lending limit, so homeowners 62 and older may want to consider a HECM to help age in place more comfortably.
Other points of interest in Riverside County include the March Field Air Museum, the Orange Empire Railway Museum, the Palm Springs Desert Museum and the Western Science Center.
If you reside in Riverside County, All Reverse Mortgage, Inc. (ARLO™) is here to answer your questions.