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Compare Spokane's Best Reverse Mortgages!
Compare Spokane's Best Reverse Mortgages!
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Spokane's #1 Reverse Mortgage

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The minimum age for most reverse mortgages is 55

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Spokane Reverse Mortgage Lenders

All Reverse Mortgage, Inc. (ARLO™) is proud to be Washington'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!

Spokane Reverse Mortgage Facts

City Homeowners Age 62+ Reverse Mortgages Closed Last 12 Months Purchase Reverse Mortgages Closed Last 12 Months Lenders in Spokane (est) Avg. Home Value
Spokane 29,497 51 3 6 $407,191

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 Spokane 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 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 as a mortgage of last resort. Everything from the elimination of the existing mortgage payments to the line of credit that grows 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.

Spokane Lending Limits

Founded in 1873 and officially incorporated in 1881, Spokane, Washington, is a city located in the eastern part of the state, close to the Spokane River. As of 2016, it has a total population of about 212,100. Senior homeowners 62 years or older make up about 18 percent of the city’s population.

Spokane can claim a piece of history and a fun fact: It’s the birthplace of Father’s Day. Spokane celebrated the first Father’s Day in June 1910. Additionally, the city has a vibrant arts district, highlighted by Fox Theater and Bing Crosby Theater. Other highlights include numerous museums and the Lilac Bloomsday Run.

Spokane’s economy is led by the food processing, wood processing, publishing and printing, forestry, biotech and high-tech industries.

As of January 2023, the  median home value in Spokane, Washington, is $407,191 - an increase of 7.3% in the last year.  Even with the predicted rise in home values, many Spokane, Washington homes are still well within the bounds of the federal reverse mortgage lending limit of $1,149,825.

If you reside in Spokane or are planning to move there, All Reverse Mortgage is here to answer your questions.

Additional Washington State Resource Links:
Reversemortgage.org NRMLA Members in Washington
HUD.GOV Approved Lenders in WA State for HECM Loan

Spokane Reverse Mortgage
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