Virginia Beach Reverse Mortgage Lenders
At All Reverse Mortgage, Inc. (ARLO™), we are honored to serve the wonderful community of Virginia. With a perfect 5.0-star rating and an A+ rating from the Better Business Bureau, we’ve become the top-rated reverse mortgage lender in Virginia, a testament to our unwavering commitment to helping homeowners like you.
For over 20 years, we’ve focused exclusively on reverse mortgages, working tirelessly to understand and meet the unique needs of homeowners across Virginia. Since our start in November 2004, our mission has been simple: to provide you with the best rates and most competitive pricing, allowing you to make the most of your hard-earned home equity.
As a HUD-approved direct lender, we offer a variety of reverse mortgage options, including the widely respected Home Equity Conversion Mortgage (HECM) programs and specialized non-FHA and jumbo reverse mortgages. We understand that Virginia homeowners deserve choices, especially when it comes to high-value properties that exceed the national lending limit of $1,209,750 for 2024.
We encourage you to see the difference for yourself. Compare our customer reviews, lower rates, and competitive closing costs with other major lenders. We’re confident that you’ll find our approach uniquely tailored to your needs, with a focus on maximizing your home’s equity in a way that benefits you the most.
All Reverse Mortgage is fully licensed by the Bureau of Financial Institutions (License/Registration MC-5551), ensuring you receive the trusted service you deserve. We’re here to help you navigate your options and secure a brighter financial future in the comfort of your Virginia home.
Virginia Beach Reverse Mortgage Facts
| City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Virginia Beach (est) | Avg. Home Value |
|---|---|---|---|---|---|
| Virginia Beach | 33,211 | 78 | 7 | 57 | $378,710 |
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 their reverse mortgage loan.
All Reverse Mortgage, Inc. (ARLO™) originates in Virginia Beach 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, Inc.
Our team has been at the forefront of the reverse mortgage industry, including being part of the group that introduced the first fixed-rate jumbo reverse mortgage in 2008. This extensive experience allows us to offer personalized solutions for homeowners with high-value properties, especially in markets where a traditional HECM may not be the best fit.
Choosing the right reverse mortgage program can be complex, but our seasoned professionals are here to help. We’ll explain the benefits and considerations of each option, ensuring you can make an informed choice that suits your needs.
At All Reverse Mortgage, Inc. (ARLO™), we answer your questions and provide the support you need to make the best decision for your financial well-being.
Virginia Beach, Virginia Reverse Mortgage Lending Limits
Virginia Beach, Virginia, is the most populous independent city in the Commonwealth of Virginia, with a thriving community of over 438,000 residents. Of this population, approximately 15.1 percent are senior homeowners aged 62 and older, indicating a large and dedicated senior community.
A City Rich in History and Activities
Incorporated first as a town in 1906 and later as a city in 1952, Virginia Beach has evolved into one of the most popular coastal destinations in the U.S. The city hosts the annual East Coast Surfing Championships, features the Virginia Beach Amphitheater, and boasts nearly 210 city parks, offering activities for both residents and tourists alike.
Economic Drivers and Local Attractions
Sectors like healthcare, retail trade, hospitality, education, and professional services largely drive Virginia Beach’s economy. The city’s beachfront, hotels and vibrant local businesses contribute significantly to its role as a tourist destination, drawing visitors from across the country.
Housing Market and Reverse Mortgage Options
As of January 2024, the median home value in Virginia Beach is $378,710, marking a 10.3% increase in home values over the past year. While many homes in Virginia Beach are priced within the federal reverse mortgage lending limit of $1,209,750, senior homeowners with homes exceeding this value can explore jumbo reverse mortgage options to unlock more of their home’s equity.
Unlock the Value of Your Home
If you’re a senior homeowner in Virginia Beach considering a reverse mortgage to supplement your retirement, All Reverse Mortgage, Inc. (ARLO™) is here to help.
You can estimate your reverse mortgage lending limit using our online calculator or call us today at (757) 350-3722 to speak with one of our experts.
