|Lender||Rating||Experience||Stars (0-5)||Good Reviews||Complaints||BBB|
|All Reverse Mortgage, Inc. (ARLO)||A+||19 Yrs.||4.98||99%||0||Source|
|American Advisors Group (AAG)||A-||18 Yrs.||4.66||93%||98||Source|
|Cherry Creek Mortgage, LLC||A+||36 Yrs.||3.75||75%||6||Source|
|Fairway Independent Mortgage||A+||27 Yrs.||4.96||99%||51||Source|
|Finance of America Reverse LLC (FAR)||A+||19 Yrs.||1.67||33%||15||Source|
|Liberty Home Equity Solutions Inc.||A+||19 Yrs.||2.00||40%||2||Source|
|Longbridge Financial LLC||A+||10 Yrs.||3.94||78%||15||Source|
|Mutual of Omaha Mortgage||A+||10 Yrs.||4.85||97%||47||Source|
|Open Mortgage LLC||A+||20 Yrs.||2.44||48%||1||Source|
|Reverse Mortgage Funding LLC||A+||10 Yrs.||4.23||84%||25||Source|
All Reverse Mortgage, Inc. (ARLO™) is proud to be Washington's #1 Rated Reverse Mortgage Lender celebrating 18 Years of excellence. We are the only WA company awarded an A+ Rating by the BBB with perfect 5-Star Reviews.
Since we started in 2004, our goal has remained simple: to offer the best terms with unbeatable customer service.
We are HUD Approved and offer a full suite of HECM & Jumbo Reverse Mortgages.
Compare our competitive rates and lower costs to any competitor and realize thousands more from your home’s equity!
The difference is clear, and we can’t wait to show you!
Top 10 Reverse Mortgage Cities in Washington by MCA (December 2022)
|State||Homeowners Age 62+||Reverse Mortgages Closed Last 12 Months||Lenders in Washington||Avg. Home Value|
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 Washington and offers 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; or can help borrowers utilize their equity for other purposes if they have no existing loan or possibly a combination of both.
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 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 as well.
As of January 2023, the median home value in Washington is just under $588,800, which is much lower than the HECM reverse mortgage lending limit of $1,089,300.
The state is the northwestern-most state in the country and includes the mountains of the Cascade Range running north and south throughout the state. The largest city in Washington is Seattle with a population of just under 700,000, followed by Spokane, Tacoma, Vancouver and Bellevue.
Washington is generally seen as a friendly state for seniors for a multitude of reasons. While it has a temperate climate that doesn’t get as hot nor as cold as other territories, it is also one of only seven states in the nation that doesn’t levy a personal income tax or collect a corporate income tax and franchise tax.
Keep in mind though that the average home value is still below the national lending limit for reverse mortgages, so if you qualify for the loan, you could eliminate your mortgage payment and continue to live in your home through retirement.
Washington is also a leading agricultural state and made a total of $10.2 billion in 2013 from agricultural products. Also, in 2013, the state was ranked first in the country in production of raspberries, hops, spearmint oil, sweet cherries, pears, concord grapes and peppermint oil.
Washington is also a bastion for the American tech industry, due in no small part to Microsoft calling the Seattle suburb Redmond its home, along with retail giants Amazon and Costco Wholesale residing within the state. Other major companies based in the state include aircraft manufacturer Boeing, video game giant Nintendo of America and travel company Expedia Group.
In addition, the state is known to have a great apple industry because of the dry, warm summer climates and cold winters in central Washington.
And for you wine lovers, Washington ranks the second in the nation in the production of wine, behind California.
If you reside in Washington, All Reverse Mortgage, Inc. (ARLO™) is here to answer your questions.
|Agency Name||Phone||Address||Website||Agency ID||Languages|
|URBAN LEAGUE OF METROPOLITAN SEATTLE||206-461-3792||105 14th Ave Suite 200|
SEATTLE, Washington 98122-5569
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.Additional Resources:
All Reverse Mortgage© has consistently brought exclusive offers to our valued San Jose homeowners. Because of our unique process we're able to offer a better federally-insured reverse mortgage with no compromise.
Take a look at some of our program benefits that you won't find elsewhere:
|Exclusive 6.680% (8.094% APR) Fixed Rate for Life|
|Government Insured & Jumbo Proprietary Programs|
|Flexible Credit Lines 6.67% (2.00 Margin) with the Industries Lowest Lifetime Rate Exposure|
|ZERO Origination Fee Options|
|ZERO Financed Closing Cost Options (*on select jumbo programs)|
|ZERO Monthly Servicing Fees on ALL programs|