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Sun City Reverse Mortgage Lenders

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All Reverse Mortgage® is proud to be Sun City'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 including all of Sun City Arizona.

All Reverse Mortgage was incorporated November 2004 and as the name implies, the only loan product that All Reverse Mortgage® 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 Mortgage to better suit homeowners in AZ with higher value homes over the national 2019 lending limit of $726,525.

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

Sun City Reverse Mortgage Facts

City Homeowners Age 62+ Reverse Mortgages Closed Last 12 Months Purchase Reverse Mortgages Closed Last 12 Months Lenders in Sun City (est) Avg. Home Value
Sun City 18,468 71 6 20 $151,600

HUD Approved Direct Lender

All Reverse Mortgage® 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® originates in Sun City 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 well. Jumbo or proprietary programs typically offer much lower Principal Limits as they relate to values, 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 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.

 

Approved Sun City Communities


HUD has provided guidance that the Preservation and Improvement Fee (PIF) charged by the Recreation Centers of Sun City appears to meet the definition of an excepted  transfer fee based on language contained within 12 CFR 1228 and would not render a property ineligible for FHA financing.

Effective immediately ARM will begin accepting HECM loans located within the Sun City, Arizona that include a Preservation and Improvement Fee (PIF) as long as the fee meets this definition. This guidance applies only to Sun City, AZ and Sun City West and does not extend to any other Sun City projects not currently approved until such time as bylaws with provisions that meet HUD’s requirements are provided for those communities.

These loans will be subject to acceptability based on the current use of the PIF and accompanying language in the legal PUD documents. If the PIF use is modified in the future or if FHA deems these loans unacceptable for any reason, FAR will update its stance and loans in the pipeline may be impacted and rendered ineligible.

IMPORTANT: This change only applies to the below Sun City projects and does not include any other project within Sun City at this time. As new Sun City developments are approved, they will be added to ARM’s Approved PUD list.

 

The following Sun City projects are currently approved:

Sun City Aliante

Sun City Anthem

Sun City Apple Valley DBA Solera at Apple Valley

Sun City

Sun City Carolina Lakes

Sun City Civic City of Menifee

Sun City Festival

Sun City Georgetown

Sun City Grand

Sun City Hilton Head

Sun City Las Vegas

Sun City Lincoln Hills

Sun City Oro Valley

Sun City Palm Desert

Sun City Palm Springs/Palm Desert

Sun City Roseville

Sun City Shadow Hills

Sun City Summerlin

Sun City West

 

Sun City Lending Limits

Sun City, AZ has the reputation of being one of the first communities specifically designed for the age 55-plus population. This active adult community, which is an unincorporated town within the Phoenix metropolitan area, is home to more than 37,000 residents-of which 75% are older than age 65, according to the U.S. Census Bureau.

With such a large share of the population at retirement age, it's fitting that approximately 32,400 homeowners living in Sun City are at least 62 years old, making them eligible for a reverse mortgage. And many homeowners in the area have already turned to reverse mortgages to supplement their retirements.

The median price of homes currently listed in Sun City is $162,250, according to the Zillow Home Value Index. On a per square foot basis, homes in Sun City are cheaper compared to Phoenix ($106 vs. $142), only adding to the appeal for retirees looking to trade in their urban surroundings for more peace and quiet.

Since its founding in 1960, Sun City continues to thrive as the town has invested millions of dollars into adding shopping centers, businesses, dining and a variety of health care facilities to accommodate residents from all walks of life.

If you're a golfer, Sun City is a players paradise with eight golf courses spanning over 1,100 acres-all within six square miles. That means you can play a different course every day of the week!

But even if golf isn't your thing, Sun City also boasts an array of other amenities for people seeking an active lifestyle. With more than 50 years under its belt, Sun City has already begun welcoming a third generation of older adults who will redefine the traditional concept of retirement.

If you reside in Sun City, All Reverse Mortgage® is here to answer your questions. Access our free reverse mortgage calculator to estimate your reverse mortgage lending limit or call us (623) 244-4664

Arizona Approved Reverse Mortgage Counseling Agencies

Agency Name Phone, Toll-Free,
Fax Number,
Email, Website,
Agency ID
Languages Parent Organization
CREDIT.ORG Phone: 855-736-7729
Fax: 951-328-7728
E-mail: info@homeownership.org 
Website: www.homeownership.org/
Agency ID: 84690
- English
- Other
- Spanish
CREDIT.ORG
TAKE CHARGE AMERICA Phone: 623-266-6149
Toll-free: 866-987-2008
Fax: 623-266-6519
E-mail: jfoster@takechargeamerica.org 
Website:www.housinghelp.takechargeamerica.org
Agency ID: 84813
- English
- German
- Spanish
NATIONAL FOUNDATION FOR CREDIT COUNSELING, INC.
ADMINISTRATION OF RESOURCES AND CHOICES Phone: 520-623-9383-1002
Toll-free: 520-623-4383
Fax: 520-623-9577
E-mail: rbejarano@arc-az.org 
Website: ARC-AZ.ORG
Agency ID: 81052
- English
- Spanish
UNIDOS US
WESTERN ARIZONA COUNCIL OF GOVERNMENTS (WACOG) Phone: 928-217-7123
Toll-free: 800-782-1886
Fax: 928-329-4248
E-mail: ginaw@wacog.com 
Website: www.wacog.com
Agency ID: 82429
- English
- Spanish
RURAL COMMUNITY ASSISTANCE CORPORATION
WESTERN ARIZONA COUNCIL OF GOVERNMENTS HOPE - HECM Phone: 928-217-7161
Toll-free: 928-217-7161
E-mail: sherrit@wacog.com 
Agency ID: 82904
- English
- Spanish
HOUSING OPTIONS PROVIDED FOR THE ELDERLY(HOPE)

 

Did you know? Sun City 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:
Top 10 Lender Reviews & Ratings: https://reverse.mortgage/best-reverse-mortgage-lenders
Reversemortgage.org NRMLA Members in Arizona: https://www.reversemortgage.org/Find-a-Lender/state/AZ
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 Sun City 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 program benefits that you won't find elsewhere:

Exclusive 4.25% (5.95% APR) Fixed Rate for Life
Government Insured & Jumbo Proprietary Programs
Flexible Credit Lines from 2.98% with the Industries Lowest Lifetime Rate Exposure
ZERO Origination Fee Plans
ZERO Financed Closing Cost Plans
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 $40,000. *APR ran at $185,000 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 Sun City, AZ 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!"

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