Compare Texas's Best Reverse Mortgages
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Top 10 Reverse Mortgage Lenders in Texas
|Lender Name||Years in Business||Rating||Stars (0-5.0)||Positive Reviews||Complaints||BBB Reviews|
|All Reverse Mortgage, Inc. (ARLO)||15||A+||4.9||99%||1||Source|
|American Advisors Group (AAG)||14||A-||4.1||82%||53||Source|
|Longbridge Financial, LLC||6||A+||3.5||70%||2||Source|
|Reverse Mortgage Funding LLC||6||A+||3.0||50%||8||Source|
|One Reverse Mortgage, LLC (QUICKEN)
|Liberty Home Equity Solutions, Inc. (OCWEN)||15||A+||2.1||42%||2||Source|
|Retirement Funding Solutions (RFS)||9||A+||(N/A)||(N/A)||1||Source|
|Fairway Independent Mortgage||23||A+||2.1||42%||21||Source|
|HighTech Lending Inc.||13||A-||2.0||60%||2||Source|
|Finance of America Reverse LLC (FAR)||15||A+||1.0||20%||2||Source|
All Reverse Mortgage® is proud to be Texas #1 Rated Reverse Mortgage Lender celebrating 16 years of excellence. We are the only TX company awarded an A+ Rating by the BBB with perfect 5-Star Reviews.
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!
Texas Reverse Mortgage Facts
Top 10 Reverse Mortgage Cities in Texas by MCA (April 2020)
|State||Homeowners Age 62+||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® of Texas
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.
Texas Lending Limits
Texas, also known as “the Lone Star state,” has an estimated population of over 29 million as of 2019, and over 1.3 million of those people are homeowners age 62 and older. That means almost one and a half million Texans may be eligible for a reverse mortgage.
The median home value in Texas is just over $200,000, which is much lower than the HECM reverse mortgage lending limit of $822,375.
Texas has a rich and vibrant history as a territory in North America, which was home to a wide variety of indigenous peoples with no dominant culture until the arrival of Spanish settlers, wh o primarily controlled it up until the Texas Revolution in the 19th century. Although ultimately gaining its independence as a free state after the revolution, infighting between a couple of key factions led to early negotiations for annexation by the United States, and Texas ultimately became a state in 1845 after expansionist James K. Polk was elected to the presidency the year before.
Texas faced another crisis shortly thereafter with the onslaught of the American Civil War in the 1860s. General Sam Houston, who by that point had become Texas’ governor, was staunchly in favor of the Union but refused President Lincoln’s offer to send Union troops to ensure he would stay in office. After refusing to pledge his loyalty to the Confederacy, Houston was deposed as governor. While the state was thrown into a brief bout of turmoil after the fall of the Confederacy, but the civilian government was declared restored by President Andrew Johnson in 1866.
While the Civil War and the Great Depression provided two major economic blows to Texas, the state saw an abundance of federal money pour in during World War II as the government established military outposts, POW camps and munitions factories. On its own, Texas manufactured 3% of all American armaments used during the war.
The 1970s and 80s saw added economic prosperity to Texas, as the more industrialized areas of the state saw the economy rely less on the energy industry.
If you are looking to settle down in Texas, one perk is that its massive size allows it to exist in various climate zones. The panhandle of the state has colder winters than North Texas, for example, while 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.
Top Lender Resources in TX:
Other Areas of Interest in Texas
Texas Approved Reverse Mortgage Counseling Agencies
|Agency Name||Phone||Address||Website||Agency ID||Languages|
|DALLAS COUNTY HOME LOAN COUNSELING CENTER||214-819-6060||2377 N Stemmons Fwy Ste 724|
Dallas, Texas 75207-2710
|NAVICORE SOLUTIONS- DALLAS, TX||972-732-6767||17440 Dallas Pkwy|
Dallas, Texas 75287-7336
|TRANSFORMANCE (FORMERLY CCCS OF GREATER DALLAS)||214-638-2227||8737 King George Drive|
DALLAS, Texas 75235-2222
|TRANSFORMANCE - DALLAS||214-638-2227||8737 King George Drive|
DALLAS, Texas 75235-2222
|HOUSING OPPORTUNITIES OF FORT WORTH||817-923-9192||1065 W Magnolia Ave|
Fort Worth, Texas 76104-4477
|CREDIT COALITION||713-224-8100||3300 Lyons Ave # 203A|
Houston, Texas 77020-8252
Did you know? Texas state does not mandate in-person counseling. Visit our counseling page for a list of phone-based counseling agencies and conduct your required counseling from the comfort of your home.
Our Exclusive Programs Designed to Fit Your Needs.
All Reverse Mortgage© has consistently brought exclusive offers to our valued Texas 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 3.06% (4.06% APR) Fixed Rate for Life|
|Government Insured & Jumbo Proprietary Programs|
|Flexible Credit Lines from 2.23% with the Industries Lowest Lifetime Rate Exposure|
|ZERO Origination Fee Plans|
|ZERO Financed Closing Cost Plans|
|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 Texas 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!"|