Salem's #1 Reverse Mortgage

All Reverse Mortgage, Inc. (ARLO™) is proud to be Oregon'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!

Salem Reverse Mortgage Facts

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 Salem 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.

Officially founded in 1842, Salem is the capital city in the state of Oregon, and is the second largest city with an estimated population of nearly 170,000 as of 2018, with the wider metropolitan area being home to nearly 400,000 people. On that basis, it’s edged out only by Portland to its north.

The first new settlers in the area after the formation of the United States came in 1812, and the groundwork for what would become the city of Salem came when a Methodist mission was established just north of the area in 1840. In 1842, the missionaries established the Oregon Institute, which would eventually become Willamette University. In 1844, the mission was dissolved and the town site of Salem was established. In 1851, Salem was officially established as the capital of the territory of Oregon, and when the territory achieved statehood in 1859, Salem became its capital in turn.

These days, much of the economy in the city is unsurprisingly driven by the fact that it is the state capital. The state government is the largest employer in the city by far, with nearly 20,000 people employed by it according to a 2018 report. Other major employers within the city limits include the Salem-Keizer School District and Salem Hospital, with nearly 5,000 employees each. There are also 1,500 federal government employees, with the largest private employer in Salem being Walmart with nearly 900 employees.

Salem is known for having a wide variety of yearly events that give service to different cultural touchstones, including the annual World Beat Festival featuring international food, dance, and crafts from every continent. Sponsored by the Salem Multicultural Institute, the Beat Festival is one of the more prominent events that takes place within the city every summer at the city’s Riverfront Park.

There’s also an annual art fair and festival, a food festival called the Bite of Salem, a wine and food festival at the local fairgrounds every January, along with serving as the site of the Oregon State Fair every August. There are also several art and topic museums including one dedicated to archaeology, an opera house that serves as the venue for a plethora of local theatre productions, along with a number of wineries and vineyards that peppered all throughout the lush environment of Salem and its surrounding land.

That same land serves as the foundation for a whole host of different parks and trails that can provide opportunities for camping, hiking, kayaking and numerous other outdoor activities.

Similarly to other parts of the Pacific Northwest, Salem is home to a moderate climate owing partially to its proximity to the Pacific Ocean. Its marine west coast climate brings mild winters and warm summers, with the average high hovering around 82 degrees fahrenheit in the middle of the summer, while the average low reaches around 34 degrees in the dead of winter.

Average annual days of precipitation in Salem are over 140, but the rate at which it falls varies heavily between summer and winter. The colder months bring about 6-7 inches of precipitation per month, while that amount drops to around 0.4 inches in the summer months. The average cost of different senior care services in Oregon is generally higher than the national average, but there is also an abundance of assisted living, home care and skilled nursing facilities all around the Salem area.

If a senior is thinking of relocating to Salem, then it should be easy to find senior-specific health services compared to some other parts of the country.

12 percent of Salem’s population is made up of seniors that are at least 65 years old, based on U.S. Census Bureau data. Of Salem’s senior population, 69 percent (accounting for nearly 9,000 households) are also homeowners as opposed to renters. That means there’s a dedicated community of seniors that call Salem their long-term home.

Thousands of the senior households in Salem may be eligible to obtain a reverse mortgage. Several of these older homeowners have already done their research and begun using reverse mortgages to support their retirement needs.

Compared with the average home price in Oregon, Salem’s median home price is less than the rest of the state at $440,596, according to the Zillow Home Value Index as of January 2023. Prices in the area have increased 10.2% over the past year.

Some homes in Salem may be worth more than this median value. If your home has been appraised for more than the HUD lending limit of $1,149,825, you may still be able to tap into your home equity with the help of a reverse mortgage.

If you're a homeowner who fits this description and you're interested in using a reverse mortgage to supplement your retirement, you might want to consider a jumbo reverse mortgage, from which you may be able to access a greater portion of your home equity than you otherwise would with a FHA-insured HECM reverse mortgage.

Reverse mortgages might not be the perfect solution for every homeowner, but depending on your particular situation, a HECM could be something to consider as you approach your retirement years.

If you reside in Salem All Reverse Mortgage, Inc. (ARLO™) is here to answer your questions.

Additional Oregon Lender Resource Links:
Reversemortgage.org NRMLA Members in OR: https://www.reversemortgage.org/Find-a-Lender/state/OR
HUD.GOV Approved Lenders in Oregon for HECM Loan