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Michael G. Branson Michael G. Branson, CEO of All Reverse Mortgage, Inc., and moderator of ARLO™, has 45 years of experience in the mortgage banking industry. He has devoted the past 20 years to reverse mortgages exclusively. (License: NMLS# 14040)
Cliff Auerswald All Reverse Mortgage's editing process includes rigorous fact-checking led by industry experts to ensure all content is accurate and current. This article has been reviewed, edited, and fact-checked by Cliff Auerswald, President and co-creator of ARLO™. (License: NMLS# 14041)

Reverse Mortgages in Washington State: A Comprehensive Guide

If you’re a Washington State homeowner aged 62 or older, a reverse mortgage could be a valuable tool to help you unlock the equity in your home and improve your financial security during retirement.  In this guide, we’ll cover everything you need to know about reverse mortgages in Washington, including key facts, the latest statistics, top lenders, and essential protections.

About All Reverse Mortgage, Inc. of Washington

At All Reverse Mortgage, Inc. (ARLO™), we’ve spent two decades serving homeowners across the nation, earning our reputation as one of the most trusted reverse mortgage providers.  With an A+ rating from the Better Business Bureau and countless 5-star reviews, we’re known for offering exceptional service, competitive rates, and lower costs.

Since 2004, our mission has been to help Washington State homeowners make the most of their home equity.  Whether it’s paying off an existing loan, creating a safety net with a growing line of credit, or simply enjoying financial peace of mind, we provide personalized guidance every step of the way.  Our team even pioneered the first fixed-rate jumbo reverse mortgage in 2008, giving us unmatched expertise in these innovative loan programs.

As a HUD-approved reverse mortgage lender, we offer both HECM & Jumbo Reverse Mortgages tailored to your unique situation.  While jumbo loans can be an excellent choice for higher-value homes, they often come with lower Principal Limits.  Our experts are here to help you evaluate the benefits and make the decision that’s right for your financial goals.

Across Washington State, homeowners aged 62 and older are embracing reverse mortgages not as a last resort but as a practical retirement strategy.  From eliminating monthly mortgage payments to accessing growing credit lines, our clients enjoy the financial freedom to remain in their homes while planning for a secure future.

At All Reverse Mortgage, Inc. (ARLO™), we look forward to serving you with the professionalism, transparency, and care that have defined our company from the start.

 

Washington Reverse Mortgage Eligibility & Key Facts

washington reverse mortgage lender map

Top 10 Reverse Mortgage Cities in Washington
1   Seattle
2   Spokane
3   Bainbridge Island
4   Port Orchard
5   Monroe
6   Kent
7   Kennewick
8   Tacoma
9   Olympia
10   Marysville

Data by MCA (January 2025)

Latest Washington Reverse Mortgage Statistics

StateHomeowners Age 62+Reverse Mortgages Closed Last 12 MonthsLenders in WashingtonAvg. Home Value
Washington936,0001,11947$589,180
HECM Data source: https://entp.hud.gov/sfnw/public/
Loan Type: HECM Standard Loans Originated in Washington
Performance Period: Loans endorsed between January 1, 2024, and December 31, 2024
Note: Includes all HECM Standard cases within the specified endorsement period.

 


Top Reverse Mortgage Lenders in Washington

LenderBBB RatingYears in BusinessStar Rating (0–5)Good Review %ComplaintsSource
All Reverse Mortgage, Inc. (ARLO)A+214.98/599.6%0Source
Atlantic Avenue Mortgage LLCB+24.94/598.8%2Source
American Pacific MortgageF281.75/535.0%8Source
Cross Country MortgageF211.47/529.4%294Source
Fairway Independent MortgageA+294.48/589.6%29Source
Finance of America Reverse LLC (FAR)A+211.00/520.0%36Source
GMFS MortgageA+262.5/550.0%17Source
Goodlife Home LoansA+125.0/5100%0Source
Guild Mortgage Company (Formerly Cherry Creek LLC)A+641.36/527.2%28Source
HighTechLending IncA+194.93/598.6%1Source
Liberty Home Equity Solutions Inc.A+211.00/520.0%2Source
Longbridge Financial LLCA+123.77/575.4%24Source
Mid America Mortgage Inc.A+66NANANASource
MoneyhouseNR27NANA0Source
Movement Mortgage, LLCA+174.81/596.2%98Source
Mutual of Omaha MortgageA+121.49/529.8%49Source
Open Mortgage LLCA+223.0/560.0%1Source
Plaza Home Mortgage IncA+243.2/564.0%7Source
Smartfi Home LoansA+6NANA0Source
South River Mortgage, LLCA+63.55/571.0%12Source
Notes:
BBB Rating: Better Business Bureau rating (A+ to F; NR = Not Rated).
Star Rating: Average customer rating out of 5 stars.
Good Review %: Percentage of reviews classified as positive.
Source: Data compiled from national rankings of top 20 HECM (Home Equity Conversion Mortgage) lenders by RMInsight (https://www.rminsight.net/wp-content/uploads/2025/05/Lenders_202504.pdf). BBB Reviews updated as of May 28, 2025.

 


Washington Reverse Mortgage Lending Limits

Washington, known as “The Evergreen State,” is home to over 7.6 million people, with over 936,000 homeowners aged 62 and older.  This means that nearly half a million Washingtonians may qualify for a reverse mortgage, which allows them to access their home’s equity.

As of January 2025, the median home value in Washington is around $589,180, well within the HECM reverse mortgage lending limit of $1,209,750.

Washington is a diverse and vibrant state, from the mountains of the Cascade Range to the bustling city of Seattle.  It’s a senior-friendly state known for its temperate climate and lack of personal income tax.  The state’s strong agricultural sector, thriving tech industry, and renowned wine production make it a unique place to live and retire.

If you’re a homeowner aged 62 or older in Washington, a reverse mortgage could be a valuable financial tool for your retirement.  Whether you’re looking to eliminate monthly mortgage payments or access additional funds from your home’s equity, All Reverse Mortgage, Inc. (ARLO™) is here to help.  We’re ready to answer your questions and guide you through the process.

 


Essential Protections and Requirements for Washington Reverse Mortgages

In Washington State, reverse mortgages are subject to federal guidelines and additional state-specific requirements that enhance consumer protection.  For those considering a reverse mortgage, it’s important to understand these key protections:

  1. Mandatory HUD-Approved Counseling:
    Washington requires all reverse mortgage applicants to complete a HUD-approved counseling session and provide a signed certificate to their lender.  This step ensures that borrowers fully understand the loan’s structure, benefits, and potential alternatives.
  2. Protection Against Tied Financial Products:
    Lenders in Washington are prohibited from requiring borrowers to purchase additional financial products, such as annuities, as a condition of obtaining a reverse mortgage.  This ensures a fair and transparent loan process.
  3. Clear Tax and Insurance Responsibilities:
    Borrowers remain responsible for paying property taxes, homeowners insurance, and home maintenance costs.  Lenders are required to notify borrowers of these ongoing obligations to prevent foreclosure.
  4. Cooling-Off Period:
    Washington law includes a mandatory waiting period before finalizing a reverse mortgage.  This ensures borrowers have time to carefully review their decision and consult with family or advisors if needed.
  5. Licensed Loan Originators:
    All reverse mortgage lenders in Washington must be properly licensed and meet the state’s standards for professionalism and transparency.  This helps ensure that borrowers work with trustworthy and experienced professionals.
  6. Consumer Protections for Foreclosure Prevention:
    Washington has strong foreclosure prevention laws that require lenders to provide clear communication and offer resources for borrowers facing financial difficulties.  These protections help borrowers navigate challenges and avoid unnecessary foreclosure.

 

HUD-Approved Reverse Mortgage Counseling Agencies in Washington

NameAgency IDAddressPhoneWeb Site
URBAN LEAGUE OF METROPOLITAN SEATTLE80415105 14th Ave Ste 200, Seattle, Washington, 98122-7308(206) 461-3792myfinancialgoals.org
The information presented in this table was obtained from the U.S. Department of Housing and Urban Development (HUD) at https://answers.hud.gov/housingcounseling as of February 23rd, 2025.

Did you know?  Washington 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.

Other Areas of Interest in Washington

 


Ready to Unlock Your Home’s Equity?

As Washington’s #1 Rated Reverse Mortgage Lender, All Reverse Mortgage, Inc. (ARLO™) is here to provide trusted guidance, real-time rates, and expert support to help you make informed decisions.

No obligations. Just real-time rates and expert advice.
Instant quote. No personal info required.
Licensed experts. Get clear, honest answers.

As a fully licensed lender by the Washington State Department of Financial Institutions (License #CL-13999), we’re committed to helping you secure the retirement you deserve.

Get Your Free Quote from Washington’s #1 Rated Reverse Mortgage Lender! Use our reverse mortgage calculator, or call (800) 565-1722 to speak with a friendly expert today.

 

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

Author Michael Branson
About the Author, Michael G. Branson | Mike@allreverse.com
Michael G. Branson CEO, All Reverse Mortgage, Inc. and moderator of ARLO™ has 45 years of experience in the mortgage banking industry. He has devoted the past 20 years to reverse mortgages exclusively.
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