Washington's #1 Rated Reverse Mortgage Lender*

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

How this data was derived: Reverse mortgage counts reflect FHA-insured HECM loans endorsed over a rolling 12-month period (Dec 2024–Nov 2025) using HUD HECM Snapshot data. Active lenders represent unique FHA sponsor numbers with at least one endorsed loan during this period. Estimated homeowners age 62+ are based on U.S. Census ACS 5-year owner-occupied households age 65+ as a conservative proxy. Home values are sourced from Zillow’s Home Value Index (latest available).

Top Reverse Mortgage Lenders in Washington

Washington Reverse Mortgage Lending Limits

Washington, known as “The Evergreen State,” is home to over 7.8 million people, with over 1.3 Million 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 2026, the median home value in Washington is around $611,300, well within the HECM reverse mortgage lending limit of $1,249,125.

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.

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

Bainbridge Island Bellevue Bellingham Camano Island Edmonds Everett Federal Way Kennewick Kent Kirkland Marysville Monroe Olympia Port Orchard Renton Seattle Snohomish Sequim Spokane Tacoma Vancouver

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.

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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 Reverse Mortgage Quote from Washington’s #1-Rated Reverse Mortgage Lender* or call (800) 565-1722 to speak with a licensed expert.

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