Sequim Reverse Mortgage Lenders
All Reverse Mortgage® is headquartered in Southern California, but lends in many states nationwide, including Sequim, Washington. 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 Sequim 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.
Sequim Reverse Mortgage Facts
||Homeowners Age 62+
||Reverse Mortgages Closed Last 12 Months
||Purchase Reverse Mortgages Closed Last 12 Months
||Lenders in Sequim (est)
||Avg. Home Value
HUD Approved Direct Lender
All Reverse Mortgage® 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® originates in Sequim 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 Mortgage® 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 well. Jumbo or proprietary
programs typically offer much lower Principal Limits as they relate to values, 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 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.
Sequim Lending Limits
The city of Sequim, Washington is located in Clallam County and is just under seven square miles of land and water.
The city is located near the base of the Olympic Mountains along the Dungeness River.
Sequim is in a rain shadow and sees an average of less than 16 inches of rain each year, which is why the city has been nicknamed “Sunny Sequim.”
In 2015 there were estimated to be 6,825 people living in the city. The majority of the population, 5,987 residents, includes homeowners who are 62 and older.
The median home value in Sequim is $292,800, which is well below the federal lending limit for reverse mortgages, which is $636,150.
Sequim was incorporated as a city in 1913 and for many decades following, it mainly comprised farmland. After World War I ended, the city
became a stop for a railway, which brought more travelers through the city.
Even though it is a small city, Sequim has a handful of tourist attractions. It is home to a herd of Roosevelt elk, which occasionally crosses US 101
where it runs through the area. There is also the Museum and Arts Center in town with natural and cultural exhibits.
In addition to elk, Sequim is known for growing lavender—the city even holds a Sequim Lavender Weekend once per year in July.
The weekend event includes tours of the city’s lavender farms, a farmers market and wine tasting.
If you reside in Sequim or are planning to move there, All Reverse Mortgage is here to answer your questions.
Access our free calculator to
estimate your reverse mortgage loan amount or call us Toll Free (800) 565-1722.