Spokane 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 Spokane 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)
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 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 Spokane 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 Spokane
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 help you weigh the pros and cons of each program and 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.
Spokane, Washington, is a vibrant city near the Spokane River in the eastern part of the state. Founded in 1873 and incorporated in 1881, Spokane is steeped in history and known as Father’s Day’s birthplace, which was first celebrated in 1910. The city is also home to a rich arts scene, with notable landmarks such as the Fox Theater, Bing Crosby Theater, and several museums. Outdoor enthusiasts flock to Spokane for events like the Lilac Bloomsday Run, which draws participants from across the region.
As of 2024, Spokane has a population of approximately 229,000, with about 18% of the residents being senior homeowners aged 62 and older. This makes Spokane a community where reverse mortgages can be a valuable financial tool for retirees.
The city’s economy thrives on industries such as food processing, publishing, biotech, forestry, and high-tech sectors. Spokane’s median home value stood at around $429,600 in 2024, an increase from previous years but still comfortably within the federal reverse mortgage lending limit of $1,209,750. For homeowners whose properties exceed this limit, jumbo reverse mortgage options are available to access more equity.
If you’re considering a reverse mortgage in Spokane, All Reverse Mortgage, Inc. (ARLO™) is here to guide you.
Visit our reverse mortgage calculator to estimate your lending limit, or call us at (800) 565-1722 to speak with a reverse mortgage specialist.
