Southport Reverse Mortgage Lenders
All Reverse Mortgage, Inc. (ARLO™) is proud to be North Carolina’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 California.
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!
Southport Reverse Mortgage Facts
| City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Southport (est) | Avg. Home Value |
|---|---|---|---|---|---|
| Southport | 3,256 | 12 | 2 | 9 | $375,976 |
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 Southport 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, Inc.
Our team has been at the forefront of the reverse mortgage industry, including being part of the group that introduced the first fixed-rate jumbo reverse mortgage in 2008. This extensive experience allows us to offer personalized solutions for homeowners with high-value properties, especially in markets where a traditional HECM may not be the best fit.
Choosing the right reverse mortgage program can be complex, but our seasoned professionals are here to help. We’ll explain the benefits and considerations of each option, ensuring you can make an informed choice that suits your needs.
At All Reverse Mortgage, Inc. (ARLO™), we answer your questions and provide the support you need to make the best decision for your financial well-being.
Southport, North Carolina Reverse Mortgage Lending Limits
Located in Brunswick County, North Carolina, Southport is a charming coastal city known for its rich history and vibrant community. Originally established in 1792, Southport has grown into a small but lively city with an estimated population of 3,500 as of 2024. With senior homeowners aged 62 or older making up approximately 30% of the population, Southport has become a popular retirement destination.
History and Attractions
Southport may be a small city, but it boasts a rich history and is widely known for hosting the annual Fourth of July Festival, which has been celebrated for over 200 years. This festival is one of the biggest attractions in the area, drawing between 40,000 to 50,000 visitors each year. The city has also gained fame for appearing in popular films and television shows such as Dawson’s Creek, Weekend at Bernie’s, and I Know What You Did Last Summer.
Economic Landscape
Southport’s economy is largely driven by health care, social assistance, and other key industries, including construction, real estate, and educational services. This diverse economic base supports a stable and growing community, making it an ideal location for senior residents seeking a quiet, yet active lifestyle.
Southport Housing Market in 2024
As of January 2024, the median home value in Southport is $394,600, reflecting a 21.3% increase over the last year. Many homes in Southport fall under the federal reverse mortgage lending limit of $1,149,825, allowing senior homeowners to take advantage of HECM (Home Equity Conversion Mortgage) loans. For those with higher-valued homes, jumbo reverse mortgage programs are available to access even more equity.
Explore Your Reverse Mortgage Options
For senior homeowners in Southport, a reverse mortgage could be an excellent way to supplement your retirement income, eliminate monthly mortgage payments, or access additional funds from your home’s equity. All Reverse Mortgage, Inc. (ARLO™) is here to guide you through your options.
Call us today at Toll-Free (800) 565-1722, or visit our reverse mortgage calculator at reverse.mortgage/calculator to estimate how much you could access with a reverse mortgage. We’re ready to help you make informed decisions and ensure you enjoy a comfortable retirement in beautiful Southport.
