Scottsdale's #1 Reverse Mortgage
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All Reverse Mortgage, Inc. (ARLO™) is proud to be Arizona'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 Arizona.
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!
Scottsdale Reverse Mortgage Facts
|Homeowners Age 62+
|Reverse Mortgages Closed Last 12 Months
|Purchase Reverse Mortgages Closed Last 12 Months
|Lenders in Scottsdale (est)
|Avg. Home Value
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 Scottsdale 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.
Scottsdale, AZ is often selected as a popular destination for retirees given the city's arid desert climate, scenic landscape and abundance of amenities designed for taking it easy.
The city, which is annually rated among the nation's most desirable communities to live in, boasts a vibrant downtown scene that is home to more than 90 restaurants, 320 retail shops and more than 80 art galleries.
For the outdoorsy types, Scottsdale's McDowell Sonoran Preserve, located in the city's northern region, is the largest urban wilderness area in the U.S. and features more than 60 miles of trails through scenic desert terrain.
Approximately 236,000 people call Scottsdale, AZ their home. Of this population, at least 20% is age 65 or older, according to Census Bureau data. More than 35,000 homeowners living in the city are age 62 and older, making them eligible to apply for a reverse mortgage.
To qualify for a reverse mortgage, you must be at least 62 years of age and have sufficient equity in your home. You will also be required to demonstrate your ability and willingness to maintain mandatory obligations, such as property taxes and homeowner's insurance, throughout the life of the loan.
Among all homeowners living in the area Scottsdale metropolitan area, the median home price is $809,672, according to the Zillow Home Value Index as of January 2023.
These higher value homeowners may be better suited obtaining a "jumbo" reverse mortgage, thus allowing them to potentially access a greater portion of their home equity than they would otherwise access with a traditional HECM.
It is important to note that reverse mortgages might not be the right fit 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 Scottsdale, All Reverse Mortgage, Inc. (ARLO™) is here to answer your questions.