Sun City Reverse Mortgage Lenders
At All Reverse Mortgage, Inc. (ARLO™), we are proud to be Arizona’s top-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 Arizona 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 Arizona.
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.
All Reverse Mortgage, Inc. is licensed by the Arizona Department of Financial Institutions (License/Registration #BK0934287)
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 | $290,390 |
HUD-Approved Direct Lender
At All Reverse Mortgage, Inc. (ARLO™), we’re proud to be approved by the Department of Housing and Urban Development (HUD) to offer and manage the HUD Home Equity Conversion Mortgage, commonly known as the HECM or “reverse mortgage.” This program is designed to help homeowners like you access the equity in your home, providing financial flexibility during your retirement years.
In Sun Lakes, we assist homeowners in refinancing their existing loans to eliminate monthly mortgage payments or to access their home equity for other financial needs. Whether you’re looking to pay off your current mortgage, use your home equity for new opportunities, or a combination of both, we’re here to provide expert guidance every step of the way.
About All Reverse Mortgage, Inc.
Our team has extensive experience with reverse mortgages, including jumbo or proprietary loans for higher-value homes. We were part of the team that created and sold the first fixed-rate jumbo reverse mortgage back in 2008. This experience allows us to offer you the right product for your needs, whether it’s a HUD HECM or a specialized jumbo program. Our knowledgeable professionals will walk you through each option’s benefits and potential drawbacks, ensuring you can make an informed decision that best suits your financial goals.
Approved Sun City AZ 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 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 bylaws with provisions that meet HUD’s requirements are provided for those communities.
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, Arizona, is one of the nation’s first communities specifically designed for the 55+ population, providing a haven for retirees and active adults. Located within the Phoenix metropolitan area, Sun City has a population of over 37,000 residents, with 75% of them being over the age of 65, according to the U.S. Census Bureau. This makes it a prime location for homeowners considering a reverse mortgage.
Approximately 32,400 homeowners in Sun City are 62 or older, making them eligible for reverse mortgages. Many of these residents have already used this financial tool to supplement their retirement income.
According to the Zillow Home Value Index, the median home price in Sun City is $290,390 as of January 2023. On a per-square-foot basis, homes in Sun City are more affordable than those in Phoenix, with prices around $106 per square foot, compared to $142 per square foot in Phoenix. This affordability makes Sun City an attractive location for retirees looking to downsize or enjoy a more peaceful and affordable lifestyle.
Sun City offers various amenities, including eight golf courses spread across 1,100 acres, providing ample recreation options for golf enthusiasts. Additionally, the town has invested heavily in expanding shopping centers, businesses, dining options, and healthcare facilities to meet the needs of its aging population.
For homeowners with higher home values, if your home exceeds the HUD reverse mortgage lending limit of $1,149,825, you may still be able to access your home equity through jumbo reverse mortgage options.
Whether you’re a golfer or just looking for a relaxed yet active lifestyle, Sun City continues to attract retirees from all walks of life, redefining the concept of retirement for its residents.
If you reside in Sun City, All Reverse Mortgage, Inc. (ARLO™) is here to answer your questions. Call us at (623) 244-4664
