Sequim Reverse Mortgage Lenders
At All Reverse Mortgage, Inc. (ARLO™), we are proud to be Washington’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 Sequim 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 Washington State.
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 Department of Financial Institutions (#CL-13999)
Sequim Reverse Mortgage Facts
| City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Sequim (est) | Avg. Home Value |
|---|---|---|---|---|---|
| Sequim | 93 | $611,871 |
HUD Approved Direct Lender
All Reverse Mortgage, Inc. (ARLO™) is approved by the Department of Housing and Urban Development (HUD) to originate, underwrite, and close HUD’s Home Equity Conversion Mortgage (HECM, or “Heck-um”). The HECM is HUD’s reverse mortgage loan program.
All Reverse Mortgage of Sequim originates and closes refinance loans for homeowners who are looking to either pay off their existing loan and eliminate monthly mortgage payments, use their equity for other purposes if they have no existing loan, or a combination of both.
About All Reverse Mortgage of Sequim
The team at All Reverse Mortgage, Inc. has extensive experience, including being part of the group that introduced the first fixed-rate jumbo reverse mortgage in 2008. With this background, we are constantly exploring new products for homeowners in high-value markets where the HUD HECM may not be the best fit. Although jumbo or proprietary programs often offer lower Principal Limits relative to property values, they can be the right solution for certain borrowers.
An experienced originator can guide you through the pros and cons of each program, helping you make an informed decision. In various markets, there may be a mix of HUD HECM and niche jumbo opportunities, allowing homeowners aged 62 and above to leverage reverse mortgages as a versatile financial tool. This can be particularly valuable for those seeking to eliminate mortgage payments or establish a growing line of credit, enhancing their retirement plans.
Sequim Lending Limits
The city of Sequim, Washington, is located in Clallam County and covers just under seven square miles of land and water. Nestled near the base of the Olympic Mountains along the Dungeness River, Sequim is in a rain shadow, receiving an average of less than 16 inches of rain each year, earning it the nickname “Sunny Sequim.”
As of 2015, Sequim had an estimated population of 6,825 people, with 5,987 of those residents being homeowners aged 62 and older. As of January 2023, the median home value in Sequim is $611,871, which is well below the federal lending limit for reverse mortgages, currently set at $1,149,825.
Incorporated as a city in 1913, Sequim remained largely farmland for many decades. After World War I, the city became a stop on a railway line, increasing its exposure to travelers.
Despite its small size, Sequim offers several tourist attractions. It is home to a herd of Roosevelt elk, which occasionally crosses US 101 as it runs through the area. The city also features the Museum and Arts Center, showcasing natural and cultural exhibits.
In addition to its wildlife, Sequim is renowned for its lavender farms. The city celebrates this heritage with the Sequim Lavender Weekend each July, featuring tours of lavender farms, a farmers market, and wine tasting.
If you reside in Sequim, All Reverse Mortgage, Inc. (ARLO™) is here to help. Access our online calculator to estimate your reverse mortgage lending limit, or call us Toll-Free at (800) 565-1722. We’re ready to assist you in making informed decisions to ensure you can continue enjoying your retirement.
