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Compare Utah's Best Reverse Mortgages!
Compare Utah's Best Reverse Mortgages!
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Utah's #1 Reverse Mortgage

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The minimum age for most reverse mortgages is 55

Don’t forget to include your spouse’s age, even if they are not yet 55, loan amounts are based on the youngest spouse.
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We maintain an A+ exemplary rating by the Better Business Bureau with a perfect 5-Star customer review.
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2021 BBB Torch Award Finalist
Best Reverse Mortgage Lender
Best Reverse Mortgage Website
Best Reverse Mortgage Website
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 Top Reverse Mortgage Lenders in Utah

Lender Rating Years in Business Stars (0-5) Good Review % Complaints BBB
Advisors Mortgage Group A+ 24 1.6/5 33% 4 Source
American Advisors Group (AAG) A- 19 4.7/5 94% 82 Source
American Pacific Mortgage F 27 1.0/5 20% 15 Source
Ennkar Inc. A+ 13 3.6/5 73% 3 Source
Fairway Independent Mortgage A+ 27 4.9/5 98% 43 Source
Finance of America Reverse LLC (FAR) A+ 20 1.5/5 31% 18 Source
GoodLife Home Loans A+ 11 4.4/5 88% 1 Source
Guild Mortgage Company (Formerly Cherry Creek LLC) A+ 63 1.3/5 26% 52 Source
HighTechLending Inc NR 15 3.0/5 60% 1 Source
Liberty Home Equity Solutions Inc. A+ 20 1.00/5 20% 3 Source
Longbridge Financial LLC A+ 11 3.9/5 79% 15 Source
Mid America Mortgage Inc. NR 65 3.0/5 60% 0 Source
Moneyhouse A+ NA NA NA 0 Source
Movement Mortgage, LLC A+ 16 4.7/5 95% 110 Source
Mutual of Omaha Mortgage A+ 10 4.8/5 96% 60 Source
Open Mortgage LLC A+ 20 2.8/5 56% 1 Source
Plaza Home Mortgage Inc A+ 23 1.8/5 36% 27 Source
Smartfi Home Loans A+ 4 NA NA 0 Source
South River Mortgage, LLC A+ 4 2.3/5 46% 14 Source
Reviews Updated: 11/29/2023
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 Utah'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 and all throughout Utah.

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!

Utah Reverse Mortgage Facts

StateHomeowners Age 62+Reverse Mortgages Closed Last 12 MonthsPurchase Reverse Mortgages Closed Last 12 MonthsLenders in UtahAvg. Home Value
Utah34,168 9934682 $518,938

Data shown includes all cases with beginning endorsement date between January 01, 2023 and December 31, 2023

HUD Approved Direct Lender

Utah reverse mortgage lender map

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 the reverse mortgage program it administers for seniors who are 62 and older.
 

All Reverse Mortgage, Inc. (ARLO™) originates in Utah and offers several reverse mortgage options. In some instances, borrowers are looking to pay off their existing loan and eliminate their monthly mortgage payment. Or, if they already have paid off their mortgage, a reverse loan can help borrowers utilize their equity for other purposes. In some cases, borrowers can do both. They also may use a specific type of reverse mortgage to purchase a new home.

About All Reverse Mortgage® of Utah

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.

Utah Lending Limits

Utah lending limits

Utah facts

Utah ranks as the 31st most populous state in the U.S. and the 13th largest in terms of land area. Compared to its size, the state is sparsely populated, and as of 2017, 3,101,833 people called the state home — with almost 75% of the population living in or near the Salt Lake City area or just north of it. About 334,997 people in the state were 65 or over in 2017, and 71% of all residents were homeowners.

Utah has a rich Native American history that dates back 10,000 to 12,000 years ago. While the Spanish first explored the state, the Mormons formally settled the area in 1847 when the area was part of Mexico. The area soon became part of the Utah Territory with the Mexican-American War, and more than 70,000 Mormons would move to the area over the next 22 years. Following some denied attempts, Utah was finally accepted by the U.S. government as a state after the Mormons publicly rejected polygamy. It became the 45th state in 1896.

Salt Lake City is the largest city in the state with an estimated 192,000 in the city and 1.14 million in its metro area. Its history mirrors the state’s as it was the predominant site of Mormon settlement. The city received its name from its proximity to the Great Salt Lake — the largest salt lake in the Western Hemisphere. Salt Lake City dwellers also love their Jello. The holds the record for most Jello consumption per capita. 

After Salt Lake City, the next largest city is the nearby West Valley City, which has a population of 137,764. Utah is known for its natural beauty — with places like Zion National Park, Bryce Canyon National Park, and countless ski destinations attracting loads of tourists and visitors every year. The state is also home to the Sundance Film Festival. Some of the largest industries in Utah are aerospace and defense, health technology, and information technology. The top companies in the state are Nu Skin Enterprises, SkyWest Airlines, and Smith’s Food and Drug stores.

Because of the vastly different terrains in the state, Utah falls under several different climate types. The average high temperature in July is 90 degrees Fahrenheit and the lowest average temperature in January is 26 degrees Fahrenheit. The state gets an average of 13 inches of rain and 43 inches of snow each year.

As of January 2024 the average home value in Utah was $518,938. Given this average, many homes fall below the federal maximum reverse mortgage lending limit of $1,149,825 that applies to all HECM loans. For more borrowing power above the federal limit, there are jumbo reverse mortgage programs available.

If you reside in Utah, All Reverse Mortgage, Inc. (ARLO™) is here to answer your questions.

Utah Approved Reverse Mortgage Counseling Agencies

Agency NamePhoneAgency IDAddressLanguagesWebsite
NEIGHBORHOOD NONPROFIT HOUSING CORPORATION435-799-813584148195 Golf Course Rd Ste 1
Logan, Utah 84321-6081 -
Englishwww.neighborhoodhousing.net
UTAH STATE UNIVERSITY - FAMILY LIFE CENTER - HFC435-797-7225805616435 Old Main Hill
LOGAN, Utah 84322-0001
English
Spanish
www.usu.edu/fchd/community/housing/index.cfm
NEIGHBORWORKS MOUNTAIN COUNTRY HOME SOLUTIONS801-375-58208160639 W 300 N
Provo, Utah 84601-2841
Englishhttps://neighborworksmchs.org/
AAA FAIR CREDIT FOUNDATION866-217-121484955230 W 200 S Ste 3104
Salt Lake City, Utah 84101-3428
Englishwww.faircredit.org

Did you know? Utah 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.

Additional Resources:
Reversemortgage.org NRMLA Members in Utah
HUD.GOV Approved Lenders Search

Utah Reverse Mortgages
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