Santa Cruz's #1 Reverse Mortgage

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!

Santa Cruz 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 Santa Cruz 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.

The northern California city of Santa Cruz was first incorporated in 1866, before ultimately being charted a decade later. Settled by tribes of Native Americans from the Awaswas tribe, the first European explorers to discover the territory that would one day become Santa Cruz were Spanish explorers in the early 17th century.

Unfortunately within fifty years of the arrival of the Spanish, the native culture of the area had virtually disappeared and the language became extinct. In modern times, descendents of the Awaswas people in Santa Cruz have joined with the Mutsun in San Juan Bautista as the Amah Mutsan Tribal Band in an effort to protect their shared cultural heritage.

Santa Cruz was under Spanish control from the point of their arrival in 1602 up through the 1820s, when it came under the control of the recently-declared state of Mexico. Though it had status as a former mission, secularization of the California territory ultimately put much of Santa Cruz into private ownership into the 1840s. The conclusion to the Mexican-American War in 1848 led directly to the incorporation of California as a state in 1850, and Santa Cruz was ultimately incorporated as an American city in 1866.

Ino the 20th century, Santa Cruz maintained a proud legacy as a location of numerous buildings dating back to the 19th century and earlier, and maintained a thriving tourism industry centered on that legacy. Unfortunately the Loma Prieta earthquake of 1989 destroyed the vast majority of 19th century structures in the downtown area, and the city’s downtown corridor had to be redesigned and rebuilt over the next two decades. As of 2016, only one lot in the downtown corridor remains empty.

Santa Cruz is home to several state parks and beaches, and is often cited as a surfing destination. The popular O’Neill brand of wetsuits calls Santa Cruz its home, and Santa Cruz serves as the namesake for companies which make surfboards, skateboards and bicycles emphasizing key elements of a beach-centric lifestyle.

Santa Cruz is also home to an institution in the University of California system, maintains a vibrant arts and cultural scene and features a very warm, temperate climate. The average high in January is 60.6 degrees, while the average high in the middle of the summer reaches 74.3 degrees in August.

9 percent of Santa Cruz’s population is made up of seniors that are at least 65 years old, based on U.S. Census Bureau data. Of Santa Cruz’s senior population, 69 percent (accounting for over 2,500 households) are also homeowners as opposed to renters. That means there’s a dedicated community of seniors that call Santa Cruz their long-term home.

Thousands of the senior households in Santa Cruz 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 Santa Cruz is greater than the rest of the state at $1,398,579, according to the Zillow Home Value Index in January 2023.

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 loan.

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 Santa Cruz All Reverse Mortgage, Inc. (ARLO™) is here to answer your questions. Access our online reverse mortgage calculator to estimate your reverse mortgage lending limit or call us Toll Free(800) 565-1722

Additional Resources:
Top 10 Lender Reviews & Ratings
Reversemortgage.org NRMLA Members in California
HUD.GOV Approved Lenders Search