Sarasota Reverse Mortgages
At All Reverse Mortgage, Inc. (ARLO™), we are proud to be Florida’s #1 Rated Reverse Mortgage Lender, as recognized by the Better Business Bureau. We have a perfect 5-star rating and an A+ exemplary score. We’ve been serving Florida homeowners since 2004 and are dedicated to providing reverse mortgages that help you enjoy your retirement years with peace of mind.
We understand that you deserve the best possible rate with the lowest costs. That’s why we focus solely on reverse mortgages, ensuring you receive expert guidance every step of the way. As a HUD-approved direct lender, we offer both national HECM programs and specialized jumbo Reverse Mortgages for homeowners with higher-value properties in Sarasota and the surrounding area.
We invite you to compare our customer reviews, lower rates, and closing costs with those of any other lender. We’re confident you’ll see the difference, and we look forward to helping you achieve your financial goals.
All Reverse Mortgage, Inc. is licensed by the Florida Office of Financial Regulation (License/Registration #MLD837)
Sarasota Reverse Mortgage Facts
| City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Santa Rosa (est) | Avg. Home Value |
|---|---|---|---|---|---|
| Sarasota | 42,330 | 71 | 1 | 61 | $492,189 |
HUD Approved Direct Lender in Sarasota
All Reverse Mortgage, Inc. (ARLO™) is proud to be a HUD-approved lender, offering Sarasota homeowners the opportunity to explore the HUD Home Equity Conversion Mortgage, or HECM (pronounced “Heck-um”). This reverse mortgage loan, backed by HUD, is designed to provide financial security for those aged 62 and older.
As a resident of Sarasota, you can trust ARLO™, a local expert, to help you understand how a reverse mortgage can benefit you. Whether you’re looking to refinance your home, pay off an existing loan, or tap into your home’s equity for other purposes, we’re here to guide you through every step of the process. Our goal is to ensure you have all the information needed to make the best decision for your future, allowing you to enjoy your home without the burden of monthly mortgage payments.
About All Reverse Mortgage, Inc.
The All Reverse Mortgage, Inc. (ARLO™) team has extensive experience, including being part of the group that introduced the first fixed-rate jumbo reverse mortgage in 2008. Our deep knowledge of HECM and jumbo reverse mortgage programs allows us to offer the best advice for homeowners, particularly those in higher-value homes where a traditional HECM might not be the ideal solution.
Sarasota Lending Limits
Founded in 1902, Sarasota, Florida, is home to an approximate population of 54,425 residents, with nearly 29.3% of them being senior homeowners aged 62 and older, making it a popular retirement destination. Sarasota is renowned for its distinctive “Sarasota Modern” architectural style, which incorporates design elements like natural ventilation systems and sunshades to help residents stay comfortable in Florida’s warm climate.
The local economy is driven by several sectors, including healthcare, professional services, food service, and retail, providing various job opportunities for residents. Sarasota also offers a thriving cultural scene, from beautiful beaches to a rich arts and entertainment district.
As of January 2024, the median home value in Sarasota is approximately $492,189, reflecting a 12% increase over the past year. Many homes in Sarasota fall within the federal reverse mortgage lending limit of $1,149,825, making the Home Equity Conversion Mortgage (HECM) product an excellent option for many homeowners. For those with higher-valued properties, ARLO™ offers jumbo reverse mortgage programs that provide additional access to home equity beyond the traditional federal limit.
For senior homeowners in Sarasota, a reverse mortgage can be a valuable tool for enhancing your retirement. Whether you want to eliminate monthly mortgage payments or establish a growing line of credit, a reverse mortgage allows you to unlock the potential of your home’s equity, providing financial security for the future.
Call us today at Toll-Free (800) 565-1722, or visit our calculator to see how much you could access with a reverse mortgage. We’re ready to assist you in making informed decisions and ensuring you can continue enjoying your life in Sarasota.
