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Home / Lenders / Reverse Mortgage Lenders, South Carolina

Compare South Carolina's Best Reverse Mortgages

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From America's #1 Rated Reverse Mortgage Lender

Top 10 Reverse Mortgage Lenders in South Carolina

Lender Name Years in Business Rating Stars (0-5.0) Positive Reviews Complaints BBB Reviews
All Reverse Mortgage, Inc. (ARLO) 15 A+ 4.9 99% 1 Source
American Advisors Group (AAG) 14 A- 4.1 82% 53 Source
Longbridge Financial, LLC 6 A+ 3.5 70% 2 Source
Reverse Mortgage Funding LLC 6 A+ 3.0 60% 8 Source
One Reverse Mortgage, LLC (Quicken)
11 A+ 3.0 60% 4 Source
Liberty Home Equity Solutions, Inc. 15 A+ 2.1 42% 2 Source
Retirement Funding Solutions (RFS) 9 A+ (N/A) (N/A) 1 Source
Fairway Independent Mortgage 23 A+ 2.1 42% 21 Source
HighTech Lending Inc. 13 A- 2.0 40% 2 Source
Finance of America Reverse LLC 15 A+ 1.0 20% 2 Source
*Source: Lender Ratings as of 11/05/2019

All Reverse Mortgage® is proud to be South Carolina's #1 Rated Reverse Mortgage Lender celebrating 15 years of excellence. We are the only SC company awarded an A+ Rating by the BBB with perfect 5-Star Reviews.

Since we started in 2004, our goal has remained simple: to offer the best terms with unbeatable customer service.

We are HUD Approved and offer a full suite of HECM & Jumbo Reverse Mortgages.

Compare our competitive rates and lower costs to any competitor and realize thousands more from your home’s equity!

The difference is clear, and we can’t wait to show you!

 

South Carolina Reverse Mortgage Facts

StateHomeowners Age 62+Reverse Mortgages Closed Last 12 MonthsPurchase Reverse Mortgages Closed Last 12 MonthsLenders in South CarolinaAvg. Home Value
South Carolina479,5878178771$161,800

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 South Carolina 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® of South Carolina

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 the mortgage of last resort.

Everything from the elimination of 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 as well.

 

South Carolina Lending Limits

The Palmetto state has a population of 5,084,127 and is home to one of the lowest property tax rates in the country.

The median home value in South Carolina is $161,800, which is much lower than the HECM reverse mortgage lending limit of $726,525.

South Carolina may not be the most populous state, or the largest, but it was the first state to vote to secede from the Union on December 20, 1860. In addition, it was the eighth state to ratify the U.S. Constitution. The Palmetto State was named in honor of King Charles I of England, who reigned the area that is now South Carolina when it was an English colony. The name came from the word Carolus, which is Latin for “Charles”.

The state is also known as being the country’s leading peach producer and distributor east of the Mississippi River. To celebrate its many peaches, South Carolina holds a peach festival each year in the city of Gaffney. The festival has been around for decades and involves a parade, car show, road race, dog show, talent show, dessert contest, and of course, a peach eating contest.

South Carolina is divided into three areas: the Atlantic coastal plain, the Piedmont region and the Blue Ridge Mountains. The state has several major lakes that cover more than 683 square miles. Some of the lakes are: Lake Marion, Clarks Hill Lake, Lake Moultrie, Lake Hartwell and Russell Lake.

South Carolina’s economy comprises many agricultural products, as the climate for agriculture in the state is ideal. Some of the state’s major outputs include tobacco, poultry, cattle, dairy products, soybeans, hay, rice and swine.

In recent years, many large corporations have moved operations to South Carolina, including Boeing, which opened an aircraft manufacturing plant in Charleston in 2011.

Currently, the average home value in South Carolina is $161,800 and values are expected to rise 3.6% in the next year.

If you reside in South Carolina, All Reverse Mortgage® is here to answer your questions. Call Toll Free (800) 565-1722 – Or try ARLO™ our revolutionary reverse mortgage calculator that offers side-by-side program comparisons, real-time interest rates and expert recommendations.

South Carolina Approved Reverse Mortgage Counseling Agencies

Agency NamePhoneAddressWebsiteAgency IDLanguages
GREENVILLE COUNTY HUMAN RELATIONS COMMISSION864-467-7095301 University Ridge
Suite 1600
GREENVILLE, South Carolina 29601-3636
https://www.greenvillecounty.org/HumanRelations/8072981745Cantonese
English
Spanish
CCCS/FAMILY SERVICES INC.843-735-78024925 Lacross Rd Ste 215
North Charleston, SC
North Charleston, SC 29406
North Charleston, South Carolina 29406-6513
www.originsc.org81419English

Did you know? South Carolina state does not mandate in-person counsleing. Visit our counseling page for a list of phone-based counseling agencies and conduct your required counseling from the comfort of your home.

Additional Resources:
Top 10 Lender Reviews & Ratings: https://reverse.mortgage/best-reverse-mortgage-lenders
Reversemortgage.org NRMLA Members in SC: https://www.reversemortgage.org/Find-a-Lender/state/SC
HUD.GOV Approved Lenders Search: https://www.hud.gov/program_offices/housing/sfh/lender/lenderlist

Our Exclusive Programs Designed to Fit Your Needs.

All Reverse Mortgage© has consistently brought exclusive offers to our valued South Carolina homeowners. Because of our unique process we're able to offer a better federally-insured reverse mortgage with no compromise.

Take a look at some of our competitive rates that you won't find elsewhere:

Exclusive 3.68% (5.25% APR) Fixed Rate for Life
Government Insured & Jumbo Proprietary Programs
Flexible Credit Lines from 3.33% with the Industries Lowest Lifetime Rate Exposure
ZERO Origination Fee Plans
ZERO Financed Closing Cost Plans
ZERO Monthly Servicing Fees on ALL programs
*Complete form above to receive a comparison of all available programs. Excludes state taxes when applicable. Min loan amount for $0 origination fee is $40,000. *APR ran at $185,000 loan amount / 60% or less PLF utilization. Lifetime rate cap on all adjustable rate plans just 5% over the start rate.

How can we offer you more favorable terms?

We are a direct lender approved by FHA (Federal Housing Administration)
The HECM is literally all we do. All Reverse Mortgage is not just a name for us. We have a very low (almost non-existent) staff turnover and our people are experts.
We don't work with Brokers, allowing us to pass the savings on to you.
We don't hire "celebrity" spokespersons as we don't believe you should have to pay for a lender's expensive marketing budget with higher loan costs.
We Charge Less! Check out our competition and our customer ratings. We never forget that this loan is about you and your needs and we put you first with superior service and lower costs.

All Reverse vs. the others

It may surprise you but those "celebrities" you see all over TV have some of the worst independent consumer ratings in the industry. Compare us and you will see the crystal clear difference, from customer service to loan terms we never compromise.

HUD approved direct lender.

Working with a local South Carolina lender saves you time and money.

As an award-winning direct lender our goal remains simple; to offer you the very best terms accompanied by extraordinary customer service.

What Our Customers Are Saying

"There was no car salesman type of protracted negotiation. All reverse got right down to a good quote without a series of incremental steps."
"I was surprised how easy it was to deal with an out of state company. Actually it was much easier than my previous dealings with local banks and brokers"
"It is a wonderful feeling to have no mortgage and extra cash in our pocket. We are very happy."
"Thank you to All Reverse for handling everything in an efficient and smooth way. Thoroughly appreciate everything you have done to make things easy for me."
"This was the smoothest mortgage process I have ever experienced! And so fast!"

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South Carolina Reverse Mortgages
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