San Bernardino County Reverse Mortgage Lenders
We are proud to be California's #1 rated reverse mortgage lender by the BBB with a Perfect 5.0 stars and A+ review. All Reverse Mortgage® lends in 14 states states nationwide, including San Bernardino, CA. All Reverse began in
November 2007 and as the name implies, the only loan product that All Reverse Mortgage® originates is the residential reverse mortgage loan.
We offer reverse mortgages to San Bernardino homeowners and our staff has a combined lending experience exceeding 100 years
with national mortgage banking experience on both coasts and points between. Due to this varied direct experience, All Reverse
Mortgage® is well positioned to be able to assist borrowers with all specific needs associated with the reverse mortgage program.
HUD Approved Direct Lenders
United Southwest and All Reverse are approved lenders with HUD
(Department of Housing and Urban Development) 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 originates in San Bernardino County and closes both refinance loans where borrowers
already own their home and are looking 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 the mortgage of last resort.
Everything from the elimination of the existing mortgage payments
to the line of credit 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.
San Bernardino County Lending Limits
Located in southern California, San Bernardino County (or officially known as County of San Bernardino) is the fifth-largest county in the state.
In terms of total area, San Bernardino County holds the distinction as the largest county in the contiguous U.S. The county is home to many natural
wonders, from parts of Death Valley National Park and Joshua Tree National Park to the Mojave National Preserve.
Established April 26, 1853, 2.1 million people now live in the county as of 2015. The largest city is San Bernardino with a population of 212,721.
According to the U.S. Census, about 264,072 residents 62 and older live in the county. They make up 12.6 percent of the county’s population.
Many San Bernardino County residents work in one of the following industries: retail trade, manufacturing, educational services, transportation,
warehousing and health care assistance. Top employers include Amazon, Arrowhead Regional Medical Center, BNSF Railway, the state of California and
Colton Joint Unified School District.
The median home value in San Bernardino County is $305,500; a 7.5 percentage rise from one year ago. Over the next year, home values are expected to
increase another 4 percent. Even with these increases, many homes will still be under the maximum federal reverse mortgage lending limit of $636,150 that
applies to all HECM loans.
If you live in San Bernardino, your home may be eligible for a Home Equity Conversion Mortgage, which carries a maximum lending limit of $636,150. Or,
you may be able to qualify for a jumbo reverse mortgage that provides more borrowing power for homeowners with home values exceeding the federal
If you reside in San Bernardino County All Reverse Mortgage® is here to answer your questions. Access our free calculator to estimate your reverse mortgage lending limit or call usToll Free(800) 565-1722
• How to find the Best Reverse Mortgage Lender
• HUD.GOV Lender List
• ReverseMortgage.org Lender Finder