Tampa Reverse Mortgage Lenders
All Reverse Mortgage® is proud to be Florida's #1 rated reverse mortgage lender by the BBB with a Perfect 5.0 stars and A+ review. All Reverse Mortgage® lends throughout all of Colorado state including Tampa, FL. All Reverse began in
November 2007 and as the name implies, the only loan product that All Reverse Mortgage® originates is the residential reverse mortgage loan.
We offer reverse mortgages to Tampa homeowners and our staff has a combined lending experience exceeding 100 years
with national mortgage banking experience on both coasts and points between. Due to this varied direct experience, All Reverse
Mortgage® is well positioned to be able to assist borrowers with all specific needs associated with the reverse mortgage program.
Tampa Reverse Mortgage Facts
||Homeowners Age 62+
||Reverse Mortgages Closed Last 12 Months
||Purchase Reverse Mortgages Closed Last 12 Months
||Lenders in Tampa (est)
||Avg. Home Value
HUD Approved Direct Lenders
United Southwest and All Reverse are approved lenders with HUD
(Department of Housing and Urban Development) 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 Tampa and closes both refinance loans where borrowers
already own their home and are looking 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 the mortgage of last resort. Everything from the
elimination of the existing mortgage payments to the line of credit 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.
Tampa Lending Limits
Tampa has a long history of being a popular destination for tourism and those seeking it's beauty and charm.
For instance a Pew research study in 2009 ranked Tampa as the fifth most popular place where people want to live in America.
It's no wonder with it's rich outdoor culture and accommodating climate that Tampa is always near the top of the list of best cities in the US.
Tampa also boasts a large population of people aged 65 or older who may be eligible for this unique government insured program.
Our company has helped countless seniors in and around the Tampa area get the reverse mortgage they desire, to have a better future
in their retirement.
Borrowers in this area where the median home price is above the
HUD maximum lending limit (such as many parts of Tampa, FL) need to consider the additional benefits of the HECM credit line growth rate.
What does this mean for local homeowners whose property value may be at or above the HUD limit of $625,500? More borrowers are
apt to have higher credit lines available when the loan closes.Borrowers who get a reverse mortgage with a $200,000 available line of
credit after paying off any existing liens and mortgages (many will have significantly more) will experience significant growth in the line available
to them over time. In 15 years, a 62-year-old borrower in Tampa would have over $500,000 available if they left the funds growing.
If that same borrower had no current loan to pay off, he/she would have nearly $800,000 available to borrow if needed. That's guaranteed borrowing
power and allows borrowers to plan for future expenses by knowing what funds will be available to them in advance.
If you reside in Tampa All Reverse Mortgage® is here to answer your questions. Access our free calculator to estimate your reverse mortgage lending limit or call usToll Free(800) 565-1722
• How to find the Best Reverse Mortgage Lender
• HUD.GOV Lender List
• ReverseMortgage.org Lender Finder
How can we offer you more favorable terms?
We are a direct lender approved by FHA (Federal Housing Administration)
The HECM is literallyall 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 Tampa, FL 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.