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Reverse Mortgage Companies in Port Orchard, WA
Are you at least 62 years old and own a home in California? Are you looking for a way to capitalize on the equity in your home? You're certainly not alone. As Californians retire, many want to find ways to increase their cash flow, pay for home repairs, pay off debt, or meet other needs.
One option is a reverse mortgage, which lets you borrow funds against your home's equity
A reverse mortgage is a government-backed loan that allows eligible homeowners to access their home equity without needing to make monthly mortgage payments. But how do you find the best reverse mortgage companies in Port Orchard, WA when there are so many options on the table? If personalized service, clear communication, and knowledgeable agents are what you're seeking, look no further than All Reverse Mortgage - America's #1 rated reverse lender.

About the Author, Michael G. Branson
Mike@allreverse.comMichael 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.

- Get Paid a Lump Sum for Your Home with All Reverse Mortgage
- Reverse Mortgage Companies in Port Orchard, WA
- 20 Years of Reverse Mortgage Broker Experience
- Reverse Mortgages 101
- Consider These Reverse Mortgage Pros and Cons
- What Kind of Reverse Mortgage is Right for You?
- The Reverse Mortgage Brokers in Port Orchard, WA You Can Count On
20 Years of Reverse Mortgage Broker Experience
When you want a top-quality steak in The Sunshine State, you don't pull up to a fast-food restaurant and expect to get a medium-rare filet. Similarly, when you want to work with the top reverse mortgage company in California, you don't go to a brand-new establishment without any reviews. You call All Reverse Mortgage for a free quote.

The All Reverse Mortgage Difference
All Reverse Mortgage is proud to be recognized as America's top HUD-approved reverse mortgage lender, consistently earning 4.99 out of 5 stars for our outstanding service. Our steadfast dedication to integrity and exceptional customer support has not only earned us an A+ Exemplary Rating from the Better Business Bureau (BBB) but also recognition as Torch Ethics Finalists in both 2021 and 2022.

We Focus on Affordability and Transparency
At All Reverse Mortgage, we prioritize a straightforward and client-focused process. By working directly with you, we cut out the middlemen, allowing for greater savings and benefits. Instead of spending money on expensive celebrity endorsements, we put our emphasis on delivering quality service from exceptional reverse mortgage originators in Port Orchard, WA. This helps us ensure our reverse mortgage solutions remain affordable, accessible, and transparent. This approach reflects our dedication to offering reliable and cost-effective options for our senior clients.
Now that you're familiar with All Reverse Mortgage and why our customers leave us consistent rave reviews, let's take a closer look at reverse mortgages, the basic requirements to qualify, and how much money you can get from a reverse mortgage.
Reverse Mortgages 101
At All Reverse Mortgage, our agents get a lot of reverse mortgage questions every day. One of the most frequently asked questions we get is a basic one: What exactly is a reverse mortgage?
A reverse mortgage is a type of loan that lets you tap into the equity of your home. Reverse mortgage age requirements state that they're designed for homeowners over the age of 62. When you take out a reverse mortgage, the funds you receive first go toward paying off your existing mortgage, if applicable, and any leftover money can be used according to your needs.
Since the loan covers your existing mortgage, you won't have to make monthly mortgage payments anymore. However, it's important to note that you still need to pay your property taxes and homeowners insurance and keep up with home maintenance. The loan will come due only when you move out of the home, sell it, pass away, or fail to meet the obligations of the loan, which include maintaining the property and paying taxes and insurance.
The most popular type of reverse mortgage is the home equity conversion mortgage - or HECM - which is backed by the Federal Housing Administration (FHA). At All Reverse Mortgage, our reverse mortgage brokers in Port Orchard, WA also offer:
- Jumbo Reverse Mortgages
- Proprietary Reverse Mortgages
- Purchase Reverse Mortgages

Who is Eligible for a Reverse Mortgage?

If you're interested in reverse mortgages, you should know that you've got to be eligible for one before you're approved. Reverse mortgage requirements include:
Primary Home
If you want to take out a reverse mortgage loan on your current home, it must be your primary residence. That means you have to live there for most of the year.
Age Requirements
Reverse mortgage requirements state that you have to be 62 years of age or older to qualify for a reverse mortgage. This age requirement is one of the primary factors for HECM reverse mortgage approval.
Types of Approved Properties
Homes eligible for reverse mortgages include townhomes, buildings with 2-4 units, some condos, single-family homes, and some manufactured homes approved by the FHA.
Required Counseling Sessions
If you apply for a reverse mortgage you must complete a HUD-approved counseling session that covers reverse mortgages. This counseling session can take place over the phone or in person. It's a crucial step that helps you completely understand reverse mortgage implications.
Assessment of Your Finances
All applicants are required to complete a comprehensive financial assessment designed to scrutinize their financial stability and capacity to uphold essential financial obligations. This assessment can include timely payment of your property taxes, which are crucial for maintaining ownership rights, and homeowner's insurance premiums, which protect the property from potential risks and damages
Curious whether you meet basic reverse mortgage requirements? Contact our office today. One of our knowledgeable mortgage experts will work with you to find out.
How Much Money Can a Homeowner Get from a Reverse Mortgage?

When looking into a reverse mortgage, an important question to consider is: how much can you actually borrow? This amount generally varies, falling between 36.3% to 71.9% of your home's value. Several factors play a role in determining this figure. These factors help ensure that your loan is customized to fit your unique circumstances.
Some of the factors that influence how much money you can borrow include:
The Reverse Mortgage Program You Choose
Depending on the program you choose, there will be different borrowing percentages to consider.
How Old You Are
Typically, older borrowers get a higher percentage of their home's value
Interest Rates
The market's current rates play a big part in figuring out how much money you can borrow.
All Reverse Mortgage Pro Tip
When you're working with reverse mortgage companies in Port Orchard, WA, ask them to tell you about loan limits on reverse mortgages. The lending limit for the 2025 HECM program is capped at $1,209,750. If you qualify for a jumbo loan program, that limit increases to $4M, depending on the value of your home and a few other factors.
How Do You Get a Personalized Loan Estimate?
To get a more precise estimate that suits your situation, think about using ARLO, an exclusive calculator for reverse mortgages. ARLO delivers up-to-date rates and eligibility details. Beyond simply being a calculator, ARLO offers individualized support to assist you in choosing the reverse mortgage option that aligns best with your financial goals.
Consider These Reverse Mortgage Pros and Cons
When utilized properly, a reverse mortgage - also referred to as a Home Equity Conversion Mortgage (HECM)-can provide additional security during your retirement. However, like any financial product, reverse mortgages may not be the right fit for everyone. Keep reading for more info on evaluating financial options, understanding potential risks and benefits, and making informed decisions about reverse mortgages.
Analyzing the Drawbacks of Reverse Mortgages
Let's take a closer look at some of the potential drawbacks you might have with reverse mortgages.
Initial Costs May Be Higher
Reverse mortgages, particularly the Home Equity Conversion Mortgage (HECM), usually cost more than traditional loans
One major expense is the FHA mortgage insurance, which includes a 2% upfront fee and a yearly 0.50% mortgage insurance premium (MIP). This insurance helps protect both borrowers and lenders from the risk of default. It ensures that borrowers or their heirs will not owe more than the home's value, even if the loan balance increases or property values drop.
These costs can be a significant burden for homeowners who are sensitive to closing costs. Lender credits might help reduce these expenses, but they have become less common due to interest rate hikes and inflation in 2022 and 2023.

All Reverse Mortgage Pro Tip
If you own a high-value property, consider a proprietary or jumbo reverse mortgage. These options do not require government insurance, which can save you the large upfront mortgage insurance costs. However, they often come with higher interest rates. Choosing a jumbo reverse mortgage could save you up to $24,195 in upfront mortgage insurance costs.
Scamming and Exploitation
In today's tech-heavy world, seniors often find themselves confused about how to use the internet and often blindly trust people who reach out to them online. This can result in seniors getting scammed and taken advantage of - especially when there are financial implications involved. One of the best ways to avoid this is by working with trustworthy, licensed reverse mortgage brokers in Port Orchard, WA. Seniors should also seek advice from trusted, independent financial advisors. That way, they're better protected against malicious actors who want to misuse their funds.

Analyzing the Benefits of Reverse Mortgages
Now that we've looked at possible disadvantages, let's examine the benefits of reverse mortgages. Here are several advantages that can render a reverse mortgage a worthwhile choice for financial planning.
No More Monthly Mortgage Payments
Reverse mortgages remove the requirement for monthly mortgage payments for qualified borrowers. This enables seniors to remain in their homes for the duration of their lives without the stress of making regular mortgage payments. Although monthly mortgage payments are waived, borrowers must still handle financial obligations such as property maintenance. They must also continue paying for property taxes and insurance.
No Restrictions on Tax-Free Money
Funds obtained from a reverse mortgage are not subject to taxes, making it a cost-effective method to tap into home equity. Homeowners have the option to receive their money in various ways, such as a single lump sum, a flexible line of credit, monthly disbursements, or a mix of these options. The versatility and tax-exempt status of these funds make reverse mortgages a valuable instrument for financial planning.
Financial Security for Life
A reverse mortgage line of credit provides the distinct advantage of lifelong security. HUD guarantees that money will always be accessible as long as there are remaining funds in your line of credit and you meet your loan responsibilities. This guarantee is a major benefit compared to conventional Home Equity Lines of Credit (HELOC), which financial institutions can freeze or cancel without warning.

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What Kind of Reverse Mortgage is Right for You?
If you're looking for ways to leverage your home's equity to boost your financial security during retirement, it's important to understand that there are three primary types of reverse mortgages, each tailored to meet different needs. While it's always best to work with experienced reverse mortgage originators in Port Orchard, WA who can explain the benefits of each mortgage to you in detail, we'll break down some of the most basic benefits of each below.
1. How Much Money Can a Homeowner Get from a Reverse Mortgage?

As we covered earlier, Home Equity Conversion Mortgages (HECM) are very popular and make up the majority of loans available in today's market. These loans are backed by the U.S. Department of Housing and Urban Development (HUD) through the Federal Housing Administration (FHA), providing homeowners with significant peace of mind.
Clients contact All Reverse Mortgage to learn more about HECM loans because they provide benefits like:
Non-Recourse Protection for Life
Despite how long you live or what market conditions are like, you won't ever owe more than the value of your home when it's sold.
Flexible Payouts
Choose from monthly payments, a line of credit, or a lump sum payout. This flexibility can be a deciding factor, especially for those in unique financial situations.
Freedom
Funds from HECM loans can be used for almost anything, both minor and major. Thinking about paying off another mortgage? You can do both with HECM money.
All Reverse Mortgage Pro Tip
When you're working with reverse mortgage companies in Port Orchard, WA, ask them to tell you about loan limits on reverse mortgages. The lending limit for the 2025 HECM program is capped at $1,209,750. If you qualify for a jumbo loan program, that limit increases to $4M, depending on the value of your home and a few other factors.
How Do You Get a Personalized Loan Estimate?
To get a more precise estimate that suits your situation, think about using ARLO, an exclusive calculator for reverse mortgages. ARLO delivers up-to-date rates and eligibility details. Beyond simply being a calculator, ARLO offers individualized support to assist you in choosing the reverse mortgage option that aligns best with your financial goals.
2. Jumbo Reverse Mortgages

Also called proprietary reverse mortgages, these loans are intended for homeowners whose properties are worth more than the federal limit of $1,209,750. In contrast to HECM loans, these private loans do not have federal insurance, providing increased flexibility in certain situations.
Clients contact All Reverse Mortgage to learn more about jumbo loans because they provide benefits like:
Eligibility
Proprietary reverse mortgages can allow for more flexibility when it comes to qualifying. Some lenders allow homeowners under the age of 62 to get a jumbo loan for a wider range of homes, including high-dollar condos.
Loan Limits
Jumbo loans are great for high-value homes and can provide significantly larger payouts than HECM reverse mortgages
Closing Costs
Since these loans don't necessitate paying mortgage insurance premiums at the start, borrowers can potentially save a significant amount-up to $24,195 in certain situations.
If you live in an area with expensive real estate, a jumbo loan could be a practical alternative to an HECM loan.
3. Single-Purpose Reverse Mortgages

Single-purpose reverse mortgages are a distinctive type of loan provided by non-profit organizations and government agencies. Unlike other reverse mortgages, these loans are designed for a specific purpose as defined by the lender.
Clients contact All Reverse Mortgage to learn more about single-purpose loans because they're eligible to be used for things like:
Property Taxes
If your property taxes are overdue, you could use funds from this type of loan to avoid financial penalties.
Modifications to a Home:
Installing ramps and railings or making your home safer or more accessible are two eligible uses of single-purpose reverse mortgages.
Choosing the right reverse mortgage depends on the value of your home, your financial goals, and eligibility.
The Reverse Mortgage Brokers in Port Orchard, WA. You Can Count On
Educating yourself and choosing the right reverse mortgage for your needs isn't always easy. Whether you're unsure if you qualify or you're having trouble choosing the right option, All Reverse Mortgage can help. We cut out the middlemen and apply those resources directly to our clients. That way, we can provide one-on-one, personalized assistance when you need it the most
If you're in search of an ethical, affordable, and reliable team of reverse mortgage originators, contact our office today. We'll be here to help provide you with the guidance and knowledge needed to make informed decisions about your financial future.
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Latest News in Port Orchard, WA
Visiting EPA Region 10 (Pacific Northwest)
US EPAhttps://www.epa.gov/aboutepa/visiting-epa-region-10-pacific-northwest
On this page: Seattle Main OfficeEPA Region 10's main office is located in downtown Seattle at:Park Place Building 1200 6th Avenue Seattle, WA 98101 Main phone: 800-424-4372 or 206-553-1200. Or visit contact EPA's Region 10 Office in Seattle...
On this page:
Seattle Main Office
EPA Region 10's main office is located in downtown Seattle at:
Park Place Building 1200 6th Avenue Seattle, WA 98101 Main phone: 800-424-4372 or 206-553-1200. Or visit contact EPA's Region 10 Office in Seattle for more contacts.
EPA’s Seattle Regional Office is open to visitors.
Please make an appointment with the staff you plan to visit, or contact us at 800-424-4372 or 206-553-1200 to make sure that someone will be available to assist you.
By Car:
Paid parking is available in the Park Place building with preferred stalls available for alternative fuel vehicles.
By bus:
King County Metro and Sound Transit offer a variety of routes serving the central Puget Sound area.
By train or light rail:
Amtrak and Sound Transit trains serve the King Street Station terminal at 4th and Jackson in downtown Seattle. There are several bus routes that run between our offices and the train station. Sound Transit also operates the Link Light Rail service with stops between downtown Seattle and Sea-Tac airport.
By bike:
We have free, covered bike parking located on the first level of the underground parking garage. You can access the garage from 6th Avenue. The Seattle Department of Transportation provides a Seattle bike map on its website.
State and Field Offices
A small number of Region 10 staff are based in the following state and field offices. Please call ahead before visiting.
Alaska Operations Office 222 West 7th Ave. #19 Anchorage, AK 99513-7588 Main phone: 907-271-5083
Idaho Operations Office 950 West Bannock, Suite 900 Boise, ID 83702 Main phone: 208-378-5746
Oregon Operations Office 805 SW Broadway, Suite 500 Portland, OR 97205 Main phone: 503-326-3250
Washington Operations Office 300 Desmond Dr. SE, Suite 102 Lacey, WA 98503 Main phone: 360-753-9437
Hanford Project Office 825 Jadwin Ave, Suite 210 Richland, WA 99352 Main phone: 509-376-6865
Regional Laboratory
EPA Region 10 operates the Manchester Environmental Laboratory in Port Orchard, Washington. Please call ahead before visiting. The lab does not accept samples from the public.
Manchester Environmental Laboratory 7411 Beach Dr. East Port Orchard, WA 98366 Main phone: 360-871-8700
EPA's Office of Research and Development Pacific Ecological Systems Division also manages a research facility in Corvallis, Oregon.
Windstorm damage: extensive power outages and road closures hit western Washington
king5.comhttps://www.king5.com/article/weather/weather-impact/western-washington-mass-power-outages/281-9dbe6b27-8e84-416a-87cf-e3ae9314557d
Wind gusts approaching 60 mph knocked down power lines and trees throughout the region.SEATTLE — Over 100,000 households across western Washington are dealing with power outages after a significant overnight windstorm knocked down power lines and trees throughout the region.As of 7 p.m. Tuesday, over 60,000 Puget Sound Energy customers are wi...
Wind gusts approaching 60 mph knocked down power lines and trees throughout the region.
SEATTLE — Over 100,000 households across western Washington are dealing with power outages after a significant overnight windstorm knocked down power lines and trees throughout the region.
As of 7 p.m. Tuesday, over 60,000 Puget Sound Energy customers are without power. Seattle City Light is reporting just over 1,000 households without power. Further north, Snohomish County Public Utilities District (PUD) is reporting approximately 200 households remain without power.
The high winds peaked between 9 p.m. Monday and 5 a.m. Tuesday. A High Wind Warning is in effect for the Washington coast, Seattle-Tacoma area and southwest interior.
Fallen trees and power lines caused road closures in Seattle, Bellevue and Maltby overnight. Fire crews rescued three people after a tree fell on their car in Seattle. According to the Seattle Fire Department, the tree fell on the car near Green Lake, on Aurora Avenue North, just before 6:30 p.m. Firefighters were able to cut the tree apart and safely extricate all three people in the car. No injuries were reported.
In Edmonds, a tree fell through the roof of a home in the Firdale neighborhood. No injuries were reported to the three occupants of the home, but South Sound Fire said it received about six calls through the night of trees and branches falling onto properties and streets.
In Granite Falls, a tree fell on a car Monday at 7 p.m., trapping the driver, according to the Snohomish County Sheriff's Office. First responders were able to get the driver out.
In Port Orchard, the entire city remains without power as of 6 p.m. Tuesday. All South Kitsap schools were closed as a result of the outages. Kitsap County Sheriff's officials said the agency responded to a tree that fell on a home in Manchester; no one was injured.
What to do if a tree falls on your home
Mike Stanton, the owner of Seattle Tree Service, said the first thing you should do if a tree falls on your home is get out of the home and to a safe space.
“You don’t know how bad it is,” Stanton said.
Get outside and make sure you aren’t standing underneath any other trees that could fall. Stanton recommended getting into a car and going to the middle of the street.
Bring your phone with you and call 911 to report the incident in case power lines are down and could cause a danger.
Stanton said his tree service company has been responding to calls since before sun-up on Tuesday for damage that ranges from light to severe. However, Tuesday's storm didn't cause nearly as extensive of damage as the bomb cyclone that swept through in November.
“That's…probably about the worst damage we've seen since 2006,” Stanton said.
Discover Port Orchard: 10 can't-miss spots for a waterfront adventure
Gena Wynkoophttps://seattlerefined.com/travel/pnw-adventures/visit-port-orchard-bay-street-seattle-tacoma-bremerton-kitsap-county-ferry-waterfront-travel-explore-coffee-dining-donuts-vintage-pnw
As my 30s drew nearer, traffic got thicker, and housing prices continued to skyrocket - it was time for me to leave Seattle.Yes, as a bonafide city girl, it was a hard decision to make. There is no place like Seattle to me, so when searching for affordable and fun places to live, our search took us to the Kitsap Peninsula, trading our West Seattle 98116 for the Port Orchard 98366.As a millennial who loves coffee shops, dive bars, and exploring new places, it has been a blast discovering my new “city." One of...
As my 30s drew nearer, traffic got thicker, and housing prices continued to skyrocket - it was time for me to leave Seattle.
Yes, as a bonafide city girl, it was a hard decision to make. There is no place like Seattle to me, so when searching for affordable and fun places to live, our search took us to the Kitsap Peninsula, trading our West Seattle 98116 for the Port Orchard 98366.
As a millennial who loves coffee shops, dive bars, and exploring new places, it has been a blast discovering my new “city." One of my favorite places to explore in Port Orchard is the few blocks of stores, shops, and restaurants along Bay Street. Trust me when I say, there is something for everyone! Whether you want to do some thrifting, explore record shops or bookstores, get a cup of coffee, or score a delicious dish of Pad Thai, this beautiful waterfront doesn't miss.
Here are my 10 must-see's while cruising along Bay Street.
1. Josephine's Mercantile & Mercantile Coffee Co.
Josephine's Mercantile - wow. I know we are not supposed to have favorites, but this is right at the tip top of my list! Walking from our house to Josephine's has become a Sunday staple. We'll stop in for a coffee and a puppocino, peruse the store, and then head out for a walk along the Port Orchard waterfront. If you are into vintage and thrifting, the store features several artists who curate their vintage clothing, furniture, household items, and more. They recently opened up Mercantile Coffee, which has amazing java and breakfast bagels, pastries, and soups.
2. Revival PNW
Owned by the same owners of Josephine's, Revival PNW is like Josephine's modern sister, directly across the street. It's the type of store where you will find the most perfect gift items for your loved ones. Revival also has furniture and gifts but has an emphasis on local goods. During the holidays, my boyfriend and I cleaned house at Revival for Christmas gifts - we literally found local and fun items for every person in our family in one afternoon.
3. C-Side Records
Small but mighty, C-Side Records is a super cute and independently-owned record store nestled right in the heart of Bay Street. Whether you’re looking to buy, sell, or trade, C-Side Records has all of your music needs covered!
4. Khao Soi Thai
My boyfriend and I kind of serendipitously came across this place one evening and we love their food. After Door Dashing from their Bremerton location, we were so excited to hear that they had a spot in downtown PO. The restaurant itself is cozy and fun and feels festive right along the water. For any Thai food lover, you gotta check this spot out.
5. Find The Path Books
Book lovers, unite! The thing I absolutely love about this place is their focus on community. They are woman and veteran-owned and are super welcoming for all bookworms. Whether you're looking for your next favorite series or a book club to join, you'll find your path at this bookstore (pun *always* intended)!
6. Coffee Oasis
Not only is it coffee for a cause, but they also have really dang good coffee and food! Coffee Oasis is a non-profit helping youth off the streets. Through job training, mentorship, and more, this coffee shop gives back to the community with locations in Bremerton, Poulsbo, Port Orchard, and Tacoma. Over the holidays, I spent a few mornings working from the shop, indulging in their soy milk latte and a veggie breakfast bowl. If you're hungry, definitely order a breakfast bowl or burrito!
7. Peninsula Bev Co.
God, I love this spot. This restaurant, taproom, and bottle shop is a popular hang. In the spring and summer months, the Saturday Farmer's Market takes over the neighboring parking lot, as well! This place, as the kids say these days, has immaculate vibes. Cocktails, craft beer, great food, and outstanding views of that water? What more could you ask for?
8. Brickhouse 714 Bar & Grill
For me, the one thing kind of missing along Bay Street is a super divey bar. Everyone wants a waterfront dive bar, right? I think the Brickhouse will get you the closest to that feeling while also having really great food! If it's a dry day, head out to their patio, where they have big cozy fire pits, order a boozy coffee and a cheeseburger, and enjoy the small town bustle of Bay Street.
9. Dude's Donuts & Coffee House
This was probably the best thing I have ever found close to home because A.) donuts are my favorite and B.) I am gluten-free. Dude's Donuts has a cutesy Bakery & Coffee House located at the end of Bay Street. Friday through Sunday, stop in for a sweet treat and Pegasus Coffee, or pre-order a gluten-free batch to take home with you. With rotating flavors and all plant-based ingredients, Dude's Donuts will rock your friggen socks right off.
10. Carter & Company
After you grab your donuts to go, why don't you go and get more sweets?! Carter and Co. has become a staple in our household. This Bay Street bakery is prolific - you can find anything your heart desires, savory or sweet. From their unbelievable homemade quiches to their gluten-free cherry brownies, pies, truffles, and more, there is something for everyone!
Put Port Orchard on your must-visit list for 2025. See you on Bay Street!
Gena Wynkoop is a freelance writer for Seattle Refined. Follow more of her adventures here.
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