Home / Lenders / Reverse Mortgage Lenders, Tennessee

This rate option will give you access to more cash proceeds over the life of the loan than any other product option available. You will notice that there is a line of credit available after 12 months which will allow you to receive the most money possible in the first 12 months. If your number one goal with the Reverse Mortgage is to get your hands on as much money as possible this is the option for you.

If your priority is to preserve as much equity in your home while still leaving access to a line of credit to have in case of an emergency this is the product you would want to choose. If you review the amortization schedule for this product, you will see that over the years your outstanding loan balance with this selection will be lower than the other product options.

With this product option you will keep your closing costs as low as possible in order to establish your Reverse Mortgage. If you are most concerned with the costs to set up the loan and less concerned with the amount of proceeds you will receive, this is the product I would recommend for you.

As the name indicates this is a Fixed Rate loan option. Your rate would never be subject to change if you choose and close on this product option. This is the option you would select if your biggest priority was to secure a rate that would not be subject to change. Fixed Rate loans are a single disbursement lump sum so there is no option for a credit line. Depending on your individual circumstances, a Fixed Rate loan option may not provide you with as much available loan proceeds as one of the adjustable products so you will want to compare the amount of proceeds available when making your decision.

If your current home value is higher than $1.25 Million, this is a product you will want to look at in comparison to the Government product. The Government Insured Reverse Mortgage has a maximum value currently of $679,650. This means that any additional value above that figure is not factored into the loan amount calculation. Having a value higher than $679,650 does not prohibit you from still considering the Government Product, but at higher home values, this product may provide you with significantly more funds available than the Government Product can. There is no Mortgage Insurance Premium on this product so the closing costs are usually lower for this product in most cases. This is a Fixed Rate product so the proceeds are given as a lump sum only in lieu of the option for a credit line. If you have a larger existing mortgage or are looking to receive additional proceeds above what the Government product can provide, this is the best option to accomplish that goal.

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Top 10 Reverse Mortgage Lenders in Tennessee

Lender Name	Company Start Date	Lender Rating	Review Stars (0-5.0)	% of Positive Reviews	# of Complaints Last 3 Yrs.	BBB Reviews
All Reverse Mortgage, Inc.	05/27/2004	A+	5.0	100%	2	Review Source
American Advisors Group (AAG)	10/29/2004	A-	4.1	82%	41	Review Source
Reverse Mortgage Funding LLC	09/25/2012	A+	3.2	64%	3	Review Source
Live Well Financial, Inc.	08/28/2008	A+	2.1	17%	9	Review Source
One Reverse Mortgage, LLC	07/12/2001	A+	3.2	60%	5	Review Source
Liberty Home Equity Solutions, Inc.	09/05/2003	A+	2.7	40%	5	Review Source
HighTechLending Inc	06/06/2006	C+	2.3	0%	2	Review Source
Reverse Mortgage Solutions, Inc.	02/21/2007	F	1.05	1%	86	Review Source
Synergy One Lending, Inc. (Retirement Funding Solutions)	01/09/2013	A+	N/A	N/A	1	Review Source
Finance of America Reverse LLC	10/15/2003	A+	N/A	N/A	3	Review Source

*Source: BBB Lender Ratings as of 12-23-2018

All Reverse Mortgage® is proud to be Tennessee'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 Tennessee.

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 TN 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.

Tennessee Reverse Mortgage Facts

State	Homeowners Age 62+	Reverse Mortgages Closed Last 12 Months	Purchase Reverse Mortgages Closed Last 12 Months	Lenders in California	Avg. Home Value
Tennessee	619,886	892	34	63	$197,781

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 Tennessee 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 as well. Jumbo or proprietary programs typically offer lower Principal Limits as they relate to home values, though, so not all borrowers are best served with the jumbo programs available.

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 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.

Tennessee Lending Limits

As part of the Southeastern United States, Tennessee is the 16th most populous state in the country and is the 36th largest by geography. There were estimated to be 6,651,194 residents in the state in 2016 and approximately 614,445 of them were homeowners 62 and older.

Tennessee was given the nickname of “The Volunteer State” early in its history. Some say it was claimed during the War of 1812 because there were many volunteer soldiers from the state in the war, but others believe the name refers to the volunteers from the Mexican-American War. At the beginning of the Mexican-American War, President Polk called 2,600 volunteers from around the country and 30,000 people from Tennessee alone came forward.

Aside from some areas of the state located in the Appalachian Mountains, the climate in Tennessee is humid subtropical, appealing to many “snowbird” retirees. It also does not have state income tax, which is another selling point for people moving into the state.

The highest elevation point in the state is Clingmans Dome, which is 6,643 feet and is on Tennessee’s eastern border on the Appalachian Trail. The point is also the highest peak in the United States east of the Mississippi River.

The largest cities in Tennessee based on population are Memphis, Nashville, Knoxville, Chattanooga and Clarksville.

Right now, the home values in Tennessee average $139,700 and have seen an increase of 7.6% in the last year. There is another 3.3% increase in home values expected for next year. The home prices are not much higher than the values, with the average home priced at $180,000, which is well below the maximum reverse mortgage lending limit of $636,150.

If you reside in Tennessee, All Reverse Mortgage® is here to answer your questions. Access our online reverse mortgage calculator to estimate your reverse mortgage lending limit or call us Toll Free (800) 565-1722

Tennessee Reverse Mortgage Counseling Agencies

Agency Name	Phone	Agency ID	Address	Languages	Website
PARTNERSHIP FOR FAMILIES, CHILDREN AND ADULTS/CCCS OF CHATTANOOGA	423-490-5620	82535	5600 Brainerd Rd Ste 1 Chattanooga, Tennessee 37411-5373	ASL English Spanish	www.CreditHelpToday.org
RESIDENTIAL RESOURCES, INC.	615-650-9779	81524	604 Gallatin Ave Ste 103 Nashville, Tennessee 37206-3475	English Spanish	residentialresourcesinc.com
WOODBINE COMMUNITY ORGANIZATION	615-850-3452	81758	643 Spence Ln Nashville, Tennessee 37217-1141	English Spanish	www.woodbinecommunity.org/

Our Exclusive Programs Designed to Fit Your Needs.

All Reverse Mortgage© has consistently brought exclusive offers to our valued Tennessee 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.

Top A+ Rating By The Better Business Bureau

eKomi Independent Reviews 4.9 out of 5 Stars

Trustlink Independent Reviews 5 out of 5 Stars

HUD approved direct lender.

Working with a local Tennessee 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.

Click here to view our HUD Approval

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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Tennessee Reverse Mortgages

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