Compare Whittier's Best Reverse Mortgages
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Whittier Reverse Mortgage Lenders
All Reverse Mortgage, Inc. (ARLO™) is proud to be California's #1 Rated Reverse Mortgage Lender by the BBB with a Perfect 5.0 Stars and A+ Exemplary Rating. We currently lend in 16 states and our headquartered in Southern California.
All Reverse Mortgage was incorporated in CA November 2004 and as the name implies, the only loan product that All Reverse Mortgage, Inc. (ARLO™) originates is in fact, the reverse mortgage.
We're committed to be your lender in Whittier, California because you deserve the best rate at the lowest price possible.
We’re a HUD Approved direct lender lending the national HECM programs and offer a suit of Non-FHA & Jumbo Reverse Mortgages to better suit homeowners in SoCal with higher value homes over the national 2023 lending limit of $1,089,300.
We welcome you to compare our reviews and our lower rates and closing costs to any other major lender! The difference is clear, and we can’t wait to show you!
Whittier Reverse Mortgage Facts
|City||Homeowners Age 62+||Reverse Mortgages Closed Last 12 Months||Purchase Reverse Mortgages Closed Last 12 Months||Lenders in Whittier (est)||Avg. Home Value|
HUD Approved Direct Lender
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.
Whittier, California has had dozens of reverse mortgages closed in the last year, including both HECM-to-HECM refinance transactions and first-time reverse mortgages. Whittier borrowers can also access the HECM for Purchase reverse mortgage, which allows them to buy a new home and take out a reverse mortgage in a single transaction. This may suit eligible borrowers looking to relocate to Whittier, or to other retirement destinations.
All Reverse Mortgage, Inc. (ARLO™) originates in Whittier and closes both 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, utilize their equity for other purposes if they have no existing loan, or possibly a combination of both.
About All Reverse Mortgage®
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 as a mortgage of last resort. Everything from the elimination of the existing mortgage payments to the line of credit that grows 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 for the future as well.
Whittier Lending Limits
Whittier is a residential city in Los Angeles County, and is among those cities in the area dubbed “Gateway Cities” because of their location between the Pacific Ocean, Los Angeles, and Orange County. The city had roughly 85,000 residents as of the 2020 U.S. Census, with 15% of those residents being over the age of 65.
The owner-occupied housing rate as of the 2020 Census was 57%, with owner-occupied housing averaging approximately $630,000 in value.
The town was incorporated in 1898, making it more than 120 years old. Its warm climate, as it is located 15 miles inland from the Pacific Ocean, is a draw for residents who enjoy average daily temperatures in the mid 70s during the summer months and average daily temperatures around 60 degrees during the winter. Average highs in the summer reach the upper 80s. Whittier covers around 15 square miles with many historic sites, including Hoover Hotel, the Standard Oil Building, Orin Jordan House and Pio Pico House, among others. In part due to its proximity to Hollywood and much of the film industry, locations around Whittier have appeared in many TV shows and motion pictures including Back to the Future, Hocus Pocus, and The Wonder Years.
The median home value in Whittier, California, is $741,742 — an increase of 6.1 percent in the last year. Most Whittier, California homes are below the federal reverse mortgage lending limit of $1,089,300, making the HECM product a good option. For those with homes valued above the federal lending limit, there are several private jumbo reverse mortgage programs available that may be more suitable.
If you reside in Whittier, All Reverse Mortgage, Inc. (ARLO™) is here to answer your questions.
Our Exclusive Programs Designed to Fit Your Needs.
All Reverse Mortgage© has consistently brought exclusive offers to our valued Whittier 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|
How can we offer you more favorable terms?We are a direct lender approved by FHA (Federal Housing Administration) The HECM is literally all we do. All Reverse Mortgage is not just a name for us. We have a very low (almost non-existent) staff turnover and our people are experts. We don't work with Brokers, allowing us to pass the savings on to you. We don't hire "celebrity" spokespersons as we don't believe you should have to pay for a lender's expensive marketing budget with higher loan costs. We Charge Less! Check out our competition and our customer ratings. We never forget that this loan is about you and your needs and we put you first with superior service and lower costs.
All Reverse vs. the others
HUD approved direct lender.
Working with a local Whittier, CA lender saves you time and money.
As an award-winning direct lender our goal remains simple; to offer you the very best terms accompanied by extraordinary customer service.
What Our Customers Are Saying
|"There was no car salesman type of protracted negotiation. All reverse got right down to a good quote without a series of incremental steps."|
|"I was surprised how easy it was to deal with an out of state company. Actually it was much easier than my previous dealings with local banks and brokers"|
|"It is a wonderful feeling to have no mortgage and extra cash in our pocket. We are very happy."|
|"Thank you to All Reverse for handling everything in an efficient and smooth way. Thoroughly appreciate everything you have done to make things easy for me."|
|"This was the smoothest mortgage process I have ever experienced! And so fast!"|