Vancouver Reverse Mortgage Lenders
We are proud to be Washington's #1 rated reverse mortgage lender by the BBB with a Perfect 5.0 stars and A+ review. All Reverse Mortgage® lends in 16 states states nationwide, including Vancouver, WA. 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 Vancouver 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.
Vancouver Reverse Mortgage Facts
||Homeowners Age 62+
||Reverse Mortgages Closed Last 12 Months
||Purchase Reverse Mortgages Closed Last 12 Months
||Lenders in Vancouver (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 Vancouver 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 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.
Vancouver Lending Limits
In the city of Vancouver, Washington there are 5,490 homeowners 62 and older and the total population of the city as of 2015 was 172,860.
The city is just under 50 square miles of land and water and is the 23rd largest metropolitan area in the country.
Vancouver was originally established in 1825 around Fort Vancouver, which served as a fur trading outpost. The city has grown immensely since,
and in 2005 was named one of Money magazine’s best places to live in America. In 2016, Vancouver was ranked the 39th best place
to live for families, according to WalletHub rankings.
The city is often confused with Vancouver, British Columbia, Canada. Both cities are fairly close to one another and they were both named after
George Vancouver, a sea captain.
Directly north of Portland, Vancouver has a median home value of $272,800, which is under the federal maximum lending limit for reverse mortgages.
In the early 2000s, the city began to see a revitalization and became a scene for arts and culture events. There are numerous art galleries in downtown
Vancouver, and in 2014 the city council designated the area as the “Arts District”.
The weather in Vancouver is dry in the summer and has seen historically low temperatures in recent winters. If it is a clear day, numerous mountain
ranges can be seen from Vancouver including Coast Range, Mount Hood, Mount Saint Helens, Mount Jefferson and Mount Adams.
If you reside in Vancouver or are planning to move there, All Reverse Mortgage is here to answer your questions.
Access our free reverse mortgage calculator to
estimate your reverse mortgage loan amount or call us Toll Free (800) 565-1722.