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Michael G. Branson, CEO of All Reverse Mortgage, Inc., and moderator of ARLO™, has 45 years of experience in the mortgage banking industry. He has devoted the past 20 years to reverse mortgages exclusively. (License: NMLS# 14040) |
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All Reverse Mortgage's editing process includes rigorous fact-checking led by industry experts to ensure all content is accurate and current. This article has been reviewed, edited, and fact-checked by Cliff Auerswald, President and co-creator of ARLO™. (License: NMLS# 14041) |
Michael G. Branson
Edited by 
Cliff Auerswald
St. Petersburg Reverse Mortgages
At All Reverse Mortgage, Inc. (ARLO™), we are proud to be Florida’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 Florida 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 national HECM programs and specialized jumbo reverse mortgages for homeowners with higher-value properties in St. Petersburg and the surrounding area.
We invite you to compare our customer reviews, lower rates, and closing costs with any other lender. We’re confident you’ll see the difference, and we look forward to helping you achieve your financial goals.
St. Petersburg Reverse Mortgage Facts
| City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in St. Petersburg (est) | Avg. Home Value |
|---|---|---|---|---|---|
| St. Petersburg | 43,480 | 55 | 2 | 51 | $375,964 |
HUD Approved Direct Lender in St. Petersburg
All Reverse Mortgage, Inc. (ARLO™) is proud to be a HUD-approved lender, offering St. Petersburg homeowners the opportunity to explore the HUD Home Equity Conversion Mortgage, or HECM (pronounced “Heck-um”). This reverse mortgage loan, backed by HUD, is designed to provide financial security for those aged 62 and older.
As a resident of St. Petersburg, you can trust ARLO™, a local expert, to help you understand how a reverse mortgage can benefit you. Whether you’re looking to refinance your home, pay off an existing loan, or tap into your home’s equity for other purposes, we’re here to guide you through every step. We aim to ensure you have all the information needed to make the best decision for your future, allowing you to enjoy your home without the burden of monthly mortgage payments.
St. Petersburg Lending Limits
St. Petersburg, Florida, located in Pinellas County, is the fifth-largest city with a population of nearly 245,000. Known as “The Sunshine City,” it boasts 768 consecutive days of sunshine, making it an attractive destination for retirees. Senior homeowners aged 62 and older account for approximately 19.2% of the population, adding to the city’s appeal as a retirement haven.
St. Petersburg offers a diverse economy with major healthcare, retail, food service, education, and finance employment sectors. Residents enjoy year-round events like the Firestone Grand Prix and Bluesfest and proximity to Tampa Bay sports teams such as the Tampa Bay Rays, Buccaneers, and Lightning.
As of January 2024, the median home value in St. Petersburg is $375,964, reflecting a notable 24.7% increase over the past year. Most homes in St. Petersburg are below the federal reverse mortgage lending limit of $1,209,750, making the Home Equity Conversion Mortgage (HECM) accessible to many. For homes valued above this limit, ARLO™ offers jumbo reverse mortgage programs, providing a flexible option for homeowners with higher-valued properties.
A reverse mortgage can be a powerful tool for senior homeowners in St. Petersburg to supplement their retirement income. Whether you want to eliminate monthly mortgage payments or establish a growing line of credit, a reverse mortgage can help you tap into your home’s equity and secure your financial future.
Ready to Unlock Your Home’s Equity?
As St. Petersburg’s #1 Rated Reverse Mortgage Lender, All Reverse Mortgage, Inc. (ARLO™) is here to provide trusted guidance, real-time rates, and expert support to help you make informed decisions.
✔ No obligations. Just real-time rates and expert advice.
✔ Instant quote. No personal info required.
✔ Licensed experts. Get clear, honest answers.
As a fully licensed lender by the Florida Office of Financial Regulation (License #MLD874), we’re committed to helping you secure the retirement you deserve.
Get Your Free Quote from St. Petersburga’s #1 Rated Reverse Mortgage Lender! Use our reverse mortgage calculator, or call (727) 888-2352 to speak with a friendly expert today.
