Texas Reverse Mortgage Lenders
All Reverse Mortgage® is headquartered in California and provides lending services around the country. 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 Texas 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.
Texas Reverse Mortgage Facts
||Homeowners Age 62+
||Reverse Mortgages Closed Last 12 Months
||Purchase Reverse Mortgages Closed Last 12 Months
||Lenders in Texas
||Avg. Home Value
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 Texas and offers 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; or can help borrowers 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.
Texas Lending Limits
The lone star state has a population of 27,862,596 and 1,839,990 of those people are homeowners age 62 and older, which means almost two
million people may be eligible for a reverse mortgage.
The average home value in Texas is $163,100, which is much lower than the HECM reverse mortgage lending limit of $636,150.
If you are looking to settle down in Texas, one perk is the various climates within the state as it is in multiple climate zones. The panhandle of
the state has colder winters than North Texas, for example, and the Gulf Coast has mild winters. On the western side of the state in El Paso,
there is an average of 8.7 inches of rainfall annually, while other areas in southeast Texas can see up to 64 inches each year.
The state also offers a lot when it comes to the arts. Austin is the live music capital of the world. The city has more live music venues per
capita than Nashville, Memphis, Los Angeles, Las Vegas or New York City.
Other venues for art lovers in Texas to check out include the Houston Grand Opera, the Houston Symphony Orchestra, the Houston Ballet and the Alley Theatre.
Texas also has a long history of various countries having control over it. Because of this, it was given the slogan of “six flags over Texas”.
The slogan is for the six countries that have had sovereignty over the state or parts of the state at some time. Those countries include Spain,
France, Mexico, the Republic of Texas, the Confederate States of America and the United States of America.
If you reside in Texas, All Reverse Mortgage® is here to answer your questions. Access our free calculator to estimate
your reverse mortgage lending limit or call us Toll Free (800) 565-1722