Compare Tennessee's Best Reverse Mortgages
Did You Know?
Your Home's Value
Age Matters
Top 10 Reverse Mortgage Lenders in Tennessee
| Lender | Rating | Experience | Stars (0-5) | Good Reviews | Complaints | BBB |
|---|---|---|---|---|---|---|
| Longbridge Financial LLC | A+ | 9 | 4.3 | 86% | 7 | Source |
| American Advisors Group (AAG) | B | 17 | 4.4 | 89% | 81 | Source |
| HighTech Lending Inc | A+ | 15 | 1.0 | 0% | 0 | Source |
| Fairway Independent Mortgage | A+ | 25 | 4.9 | 99% | 37 | Source |
| Finance of America Reverse LLC (FAR) | A+ | 18 | 2.0 | 40% | 4 | Source |
| Liberty Home Equity Solutions, Inc. | A+ | 18 | 2.0 | 40% | 0 | Source |
| Mutual of Omaha Mortgage | A+ | 8 | 4.8 | 97% | 33 | Source |
| Open Mortgage LLC | A+ | 18 | 2.6 | 52.6% | 0 | Source |
| Reverse Mortgage Funding LLC | A+ | 9 | 3.9 | 76% | 15 | Source |
The BBB is one of the last review sites that does not accept monetary influence in their ratings or posted reviews.
All Reverse Mortgage, Inc. (ARLO™) 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.
Since we started in 2004, our goal has remained simple: to offer the best terms with unbeatable customer service.
We are HUD Approved and offer a full suite of HECM & Jumbo Reverse Mortgages.
Compare our competitive rates and lower costs to any competitor and realize thousands more from your home’s equity!
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, Inc. (ARLO™) 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, Inc. (ARLO™) 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® of TN
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 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 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, Inc. (ARLO™) is here to answer your questions.
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 competitive rates that you won't find elsewhere:
| Exclusive 5.81% (6.81% APR) Fixed Rate for Life | |
| Government Insured & Jumbo Proprietary Programs | |
| Flexible Credit Lines from 4.88% with the Industries Lowest Lifetime Rate Exposure | |
| ZERO Origination Fee Options | |
| ZERO Financed Closing Cost Options (*on select jumbo programs) | |
| ZERO Monthly Servicing Fees on ALL programs |
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
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.
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!" |