Tucson Reverse Mortgage Lenders
We are proud to be Arizona'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 Arizona and Tuscon, AZ.
All Reverse began in
2004, 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 Tuscon 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.
Tucson Reverse Mortgage Facts
||Homeowners Age 62+
||Reverse Mortgages Closed Last 12 Months
||Purchase Reverse Mortgages Closed Last 12 Months
||Lenders in Tucson (est)
||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 Tucson 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 Mortgage® 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 well. Jumbo or proprietary programs typically offer much
lower Principal Limits as they relate to values, 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 as a mortgage of last resort. Everything from the elimination of the
existing mortgage payments to the line of credit that grows 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.
Tucson Lending Limits
Tucson is the second-largest city in Arizona with a population of about 527,586, with 87,318 senior homeowners 62 years and older calling Tucson home.
The city’s nickname is “The Old Pueblo,” and as a major city, offers something for everyone. It’s the home to the University of Arizona and popular
events such as the Tucson Gem and Mineral Show, the Fourth Avenue Street Festival and All Souls Procession Weekend.
Healthcare, retail and food services drive Tucson’s economy. Major employers include the University of Arizona, Raytheon Missile Systems and the
Arizona state government.
The median home value in Tucson is $174,700, and is an increase of 8.3 percent in the last 12 months. Over the next year, home prices are projected to
increase 3.8 percent. While many of the homes in Tucson are valued below the federal maximum reverse mortgage lending limit of $726,525 that
applies to government-insured HECM loans, other homes may exceed the maximum reverse mortgage lending limit. For those situations, senior
homeowners can still look to jumbo loan programs to tap into their home’s equity for higher valued homes.
If you reside in Tucson, All Reverse Mortgage® is here to answer your questions. Access our free reverse mortgage calculator to estimate
your lending limit or call us Toll Free (800) 565-1722
Also See: Compare Today's Top 10 Reverse Mortgage Lender Reviews & Ratings