Ventura County Reverse Mortgage Lenders
We are proud to be California's #1 rated reverse mortgage lender by the BBB with a Perfect 5.0 stars and A+ review. All Reverse Mortgage® lends in 14 states states nationwide, including Ventura County, CA. 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 Ventura 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.
HUD Approved Direct Lenders
United Southwest and All Reverse are approved lenders with HUD
(Department of Housing and Urban Development) 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 Ventura County and closes both refinance loans where borrowers
already own their home and are looking 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 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 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.
Ventura County Lending Limits
Established March 22, 1872, Ventura County has since become the 12th largest county in California. Its name traces back to
Mission San Buenaventura, a Spanish mission founded in 1782 and named after Saint Bonaventura. Today, Ventura is known for its 42
miles of beautiful coastal views and the Los Padres National Forest.
Nearly 823,318 people reside in Ventura County and Oxnard is the largest city with a population just shy of 200,000 residents.
Approximately 120,543 residents—14.6 percent of Ventura’s population—are 62 years or older, according to the US Census.
Many residents are drawn to the area because of the county’s strong economy, which centers around major industries such as tourism,
agriculture, oil production, biotechnology and military testing and development. The U.S. military and County of Ventura are the first- and
second-largest employers, respectively.
The median home value in Ventura County is $559,100—an increase of 5.1 percent in the last year. Home values are projected to rise another
1.1 percent in 2017. Even with the predicted rise in home values, many Ventura County homes will still well within the bounds of the federal
reverse mortgage lending limit of $636,150.
If you reside in Ventura County All Reverse Mortgage® is here to answer your questions. Try our online calculator to estimate your reverse mortgage lending limit or call usToll Free(800) 565-1722
• How to find the Best Reverse Mortgage Lender
• HUD.GOV Lender List
• ReverseMortgage.org Lender Finder