Salem 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)
Salem Reverse Mortgage Facts
| City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Salem (est) | Avg. Home Value |
|---|---|---|---|---|---|
| Salem | 8,154 | 11 | 0 | 8 | $440,596 |
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 serve Oregon homeowners better, 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.
Salem Lending Limits
Salem, Oregon’s capital city, has a rich history dating back to its founding in 1842. With a population nearing 170,000, Salem is the second-largest city in the state, after Portland. The city’s role as the capital has shaped much of its economy, with the Oregon state government being the largest employer, followed by industries like education, healthcare, and retail. It’s also known for its scenic beauty, cultural events, and a variety of outdoor activities that residents and visitors enjoy year-round.
Senior Homeownership in Salem
As of the most recent U.S. Census Bureau data, 12% of Salem’s population is composed of seniors aged 65 or older. Out of this group, 69% are homeowners, accounting for nearly 9,000 households. These numbers reflect a strong base of long-term residents who have settled in Salem and may benefit from financial tools such as a reverse mortgage.
Real Estate Market in Salem
As of January 2023, the median home price in Salem is $440,596, according to the Zillow Home Value Index. Home values in Salem have risen by 10.2% over the past year. Despite this increase, most homes remain under the federal reverse mortgage lending limit of $1,209,750, making Home Equity Conversion Mortgages (HECM) accessible to many homeowners.
For those with homes valued above this limit, jumbo reverse mortgages are available, allowing for greater access to home equity than the FHA-insured HECM would permit.
Reverse Mortgage Considerations
A reverse mortgage can be an effective tool for senior homeowners in Salem looking to eliminate monthly mortgage payments or establish a line of credit for retirement. Whether considering a HECM or a jumbo reverse mortgage, exploring all options is important to determine what best suits your needs.
All Reverse Mortgage, Inc. (ARLO™) is here to guide you through the process and answer any questions. You can reach us at Toll-Free (800) 565-1722 or use our online calculator at reverse.mortgage/calculator to estimate how much you could access with a reverse mortgage. We’re ready to help you make informed decisions and enjoy a comfortable retirement.
