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Compare Washington's Best Reverse Mortgages!
Compare Washington's Best Reverse Mortgages!
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Washington's #1 Reverse Mortgage

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ARLO

ARLO

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In your current area 100 homeowners are currently utilizing reverse mortgages to better enhance their retirement years, with 500,000 nationwide!

The amount you receive is based on your home’s value, your age, and current interest rates. Let’s start with your address so I can estimate your home value…
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Great! It looks like your home value estimate is about

If you feel this estimate is not correct you can manually change it below. If you have an existing mortgage balance, I'll need to know the amount we are going to pay off to get rid of that mortgage payment!

Please provide your estimated home value

If you presently have an existing mortgage balance, I'll need to know the amount we are going to pay off to get rid of that mortgage payment!
(Our calculations use estimated property values provided by Estated.com. An independent HUD-approved appraiser must complete an appraisal to finalize your loan)
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The minimum qualifying age for a reverse mortgage is 55

Don’t forget to include your spouse’s age, even if they are not yet 55, as loan proceeds are always based on the age of the youngest spouse.
Your Age
Spouse Age
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Your personalized results include the best of 2024's reverse mortgages
  • Side-by-side loan comparisons
  • Real-time interest rates
  • ARLO™ advice to help you select the right program
BBB A+ logo 2021 BBB Torch Award Finalist
We maintain an A+ exemplary rating by the Better Business Bureau with a perfect 5-Star customer review.
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Your FREE Report Includes:
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From America's #1 Rated Reverse Mortgage Lender

Top Reverse Mortgage Lenders in Washington

Lender Rating Years in Business Stars (0-5) Good Review % Complaints BBB
All Reverse Mortgage, Inc. (ARLO) A+ 19 4.9/5 99% 0 Source
Advisors Mortgage Group A+ 24 1.6/5 33% 5 Source
American Advisors Group (AAG) A 19 4.7/5 94% 76 Source
American Pacific Mortgage F 28 1.5/5 30% 15 Source
Ennkar Inc. A+ 13 3.6/5 73% 3 Source
Fairway Independent Mortgage A+ 27 4.8/5 96% 44 Source
Finance of America Reverse LLC (FAR) A+ 20 1/5 20% 18 Source
GoodLife Home Loans A+ 11 4.4/5 88% 1 Source
Guild Mortgage Company (Formerly Cherry Creek LLC) A+ 63 1.3/5 26% 44 Source
HighTechLending Inc A+ 18 4.9/5 98% 0 Source
Liberty Home Equity Solutions Inc. A+ 20 1.00/5 20% 3 Source
Longbridge Financial LLC A+ 11 3.9/5 79% 16 Source
Mid America Mortgage Inc. A+ 65 3.0/5 60% 0 Source
Moneyhouse A+ NA NA NA 0 Source
Movement Mortgage, LLC A+ 16 4.7/5 95% 113 Source
Mutual of Omaha Mortgage A+ 11 4.8/5 96% 58 Source
Open Mortgage LLC A+ 21 2.8/5 56% 21 Source
Plaza Home Mortgage Inc A+ 23 1.9/5 24% 26 Source
Smartfi Home Loans A+ 5 NA NA 0 Source
South River Mortgage, LLC A+ 5 2.2/5 44% 13 Source
Reviews Updated: 05/20/2024
The BBB is one of the last review sites that does not accept monetary influence in their ratings or posted reviews.
 

All Reverse Mortgage, Inc. (ARLO™) is proud to be Washington's #1 Rated Reverse Mortgage Lender celebrating 19 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!

Washington Reverse Mortgage Facts

Top 10 Reverse Mortgage Cities in Washington by MCA (January 2024)

1
Seattle
2
Spokane
3
Bainbridge Island
4
Port Orchard
5
Monroe
6
Kent
7
Kennewick
8
Tacoma
9
Olympia
10
Marysville
StateHomeowners Age 62+Reverse Mortgages Closed Last 12 MonthsLenders in WashingtonAvg. Home Value
Washington420,545 1170 27$605,400

Data shown includes all cases with beginning endorsement date between January 01, 2023 and December 31, 2023

HUD Approved Direct Lender

washington reverse mortgage lender map

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.

About All Reverse Mortgage® of Washington

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.

Washington Lending Limits

p>Washington, also known as “the Evergreen state,” has a population of 7,614,893 as of 2019, with over 420,000 of those people being homeowners age 62 and older. That means that nearly half a million Washingtonians may be eligible for a reverse mortgage.

As of January 2024, the median home value in Washington is just under $605,400, which is much lower than the HECM reverse mortgage lending limit of $1,149,825.

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.

Other Areas of Interest in Washington

Washington Approved Reverse Mortgage Counseling Agencies

Agency NamePhoneAddressWebsiteAgency IDLanguages
URBAN LEAGUE OF METROPOLITAN SEATTLE206-461-3792105 14th Ave Suite 200
SEATTLE, Washington 98122-5569
www.urbanleague.org80415ASL
English
Spanish

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:
Reversemortgage.org NRMLA Members in Washington
HUD.GOV Approved Lenders Search
Washington Reverse Mortgage Lenders
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