Home / Lenders / Reverse Mortgage Lenders, South Carolina

Compare South Carolina's Best Reverse Mortgages

Try ARLO™ a revolutionary calculator that offers side-by-side lender comparisons, real-time interest rates and expert recommendations. 100% Free.
Please enter a valid zip code.
Please fill in this field.
In your current area homeowners are currently utilizing reverse mortgages to better enhance their retirement years, with nationwide!
The amount you receive is based on your home’s value, your age, and current interest rates. Let’s start with your address so I can estimate your home value…
‹ Back
‹ Back
The minimum qualifying age for a reverse mortgage is 55. If you are within 6 months from your next birthday, I will automatically calculate you a year older.
Tip! Don’t forget to include your spouse’s age, even if they are not yet 55, as loan proceeds are always based on the age of the youngest spouse.
Your Age
‹ Back

Great News! Your ARLO™ analysis is ready

Your personalized results include the best of 2023's reverse mortgages
  • Side-by-side loan comparisons
  • Real-time interest rates
  • ARLO™ advice to help you select the right program
 
We maintain an A+ exemplary rating by the Better Business Bureau with a perfect 5-Star customer review.
Your FREE Report Includes:
  • Real Time Analysis  (Next Step)
  • Analysis Via Email
From America's #1 Rated Reverse Mortgage Lender
Please enter a valid phone number.
Please fill in this field.
By using ARLO™ Calculator and clicking on the “View ARLO Analysis Now” button above, you consent, acknowledge, and agree to the following: Our Terms of Use Agreement, Privacy Policy and to receive important notices and other communications. I consent to being contacted by All Reverse Mortgage® and its partners for marketing purposes at any phone number or email I provide, including through the use of automated technology and prerecorded messages. I represent that I am the regular user of the phone number I provided and provide consent on behalf of all users of that phone number. I also understand consent is not required for purchase and I may opt-out from receiving communications at any time.
‹ Back

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 50% 8 Source
One Reverse Mortgage, LLC (QUICKEN)
11 A+ 3.0 50% 3 Source
Liberty Home Equity Solutions, Inc. (OCWEN) 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 60% 2 Source
Finance of America Reverse LLC (FAR) 15 A+ 1.0 20% 2 Source
*Source: Lender Ratings as of 04/12/2020

All Reverse Mortgage, Inc. (ARLO™) is proud to be South Carolina's #1 Rated Reverse Mortgage Lender celebrating 18 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

Top 10 Reverse Mortgage Cities in South Carolina by MCA (December 2022)

1
Bluffton
2
Mount Pleasant
3
Charleston
4
Fort Mill
5
Greenville
6
Myrtle Beach
7
Indian Land
8
Columbia
9
North Myrtle Beach
10
Inman
StateHomeowners Age 62+Reverse Mortgages Closed Last 12 MonthsPurchase Reverse Mortgages Closed Last 12 MonthsLenders in South CarolinaAvg. Home Value
South Carolina357,15999812166$353,100

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 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 5,148,714 and is home to one of the lowest property tax rates in the country.

The median home value in South Carolina is $353,100, which is much lower than the HECM reverse mortgage lending limit of $1,089,300.

Originally settled by Europeans in the 1500s by the Spanish, the land that would become South Carolina was first settled by British colonists the following century and was split off into South Carolina from its northern counterpart in 1729. In March of 1776, the colony adopted the Constitution of South Carolina, and joined the new United States after its separation from Great Britain was codified by the writing of the Declaration of Independence that July.

Nearly a third of the combat that took place during the Revolutionary War took place across South Carolina, more than any other state. After the war and throughout the Antebellum period, South Carolina became dominated by cotton particularly after the invention of the cotton gin, and consequently much of the state’s economy was held up by the labor of enslaved people. Upon the election of Abraham Lincoln to the Presidency of the United States in 1860, Lincoln’s abolitionist positions were met with strong opposition across the state, and led to South Carolina becoming the first state to secede from the Union and form the Confederate States of America. With insurgent Confederate batteries shelling Fort Sumter in Charleston Harbor, the American Civil War was ignited.

Unlike in the Revolutionary War, South Carolina was not a major battleground during the Civil War but did not escape the war’s economic devastation of the Confederacy. After the Union’s final victory in the war, it took an additional four years for South Carolina’s representation to be restored in the U.S. legislative branch.

In the 20th century, the state carved a niche for itself as a powerhouse in the textile industry, and the economy has emerged as an attractive one for major businesses due to the very low corporate tax rate in the state. Boeing opened an aircraft manufacturing plant in Charleston in 2011.

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.

Currently, the average home value in South Carolina is $190,594 and values are expected to fall in the next year due to the widespread impact of the COVID-19 pandemic.

If you reside in South Carolina, All Reverse Mortgage, Inc. (ARLO™) is here to answer your questions.

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:
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 6.680% (8.094% APR) Fixed Rate for Life
Government Insured & Jumbo Proprietary Programs
Flexible Credit Lines 6.67% (2.00 Margin) with the Industries Lowest Lifetime Rate Exposure
ZERO Origination Fee Options
ZERO Financed Closing Cost Options (*on select jumbo programs)
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 $200,000. *APR ran at $200,000 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!"

Browse Hundreds More...

South Carolina Reverse Mortgages
(27 votes, average: 4.96 out of 5)
Click Here to Rate This Page
Close Menu