HUD.GOV Lenders: HUD.Mortgage rates for Houston, Texas on Lender411 for 30-year fixed-rate mortgages are at 3.00%. (ARLO™) is here to answer your questions. If you reside in Houston All Reverse Mortgage, Inc. Still well within the bounds of the federal reverse mortgage lending limit of $1,089,300. The median home value in Houston, Texas, is $313,962 - an increase of 7.1 percent in the last year. The largest employers in the area include Phillips 66, Marathon Oil and BP.
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Oil and natural gas are big economic drivers in the area, and some of Houston’s economy can be traced to a large sector: energy. Tourists and residents can’t forget about heading over to the Gulf of Mexico, either. Visitors can check out Johnson Space Center, the Museum of Fine Arts, Houston is also a regular host forĬhampionship events from the NCAA and NFL.īut sports aren’t the only reason to visit Houston. Premier destination for sports fans, as the Texans (NFL) and Rockets (NBA) call the city home. Houston was originally incorporated in 1837 and has since become a large, vibrant American city. Of the city’s total population, about 12.4 percent of the population are senior homeowners 62 years or older. with a population of approximately 2.2 million Houston is the most populated city in Texas, and it’s also the fourth-most populated city in the U.S. Not only live comfortably in their family home, but to plan for the future as well. 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 Everything from the elimination of the existing The reverse mortgage to augment their retirement plans and not so much as a mortgage of last resort. 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 Within just a short distance for a niche jumbo market to be located where there is a need for a jumbo program.
It is no longer uncommon anywhere in the country for a market to be a solid HUD HECM market and then Only a seasoned originator can readily inform borrowers which program will best suit their needs and the positives and negatives of each so that theīorrower can make an informed decision. Principal Limits as they relate to values though so not all borrowers are better served with the jumbo programs. Jumbo or proprietary programs typically offer much lower Homes in the higher home priced markets that the HUD HECM may just not serve as well. We are always looking for new products to offer to borrowers of high valued Have extensive experience in jumbo or proprietary loan programs as well. 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, 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 (ARLO™) originates in Houston and closes both refinance loans, where borrowers already own their home and are looking to either The HECM is HUD's acronym for their reverse mortgage loan.Īll Reverse Mortgage, Inc. Home Equity Conversion Mortgage (HECM, or "Heck-um"). (ARLO™) is approved with the Department of Housing and Urban Development (HUD) to originate, underwrite and close the HUD Purchase Reverse Mortgages Closed Last 12 MonthsĪll Reverse Mortgage, Inc. 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! Houston Reverse Mortgage Facts City 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’re committed to be your lender because you deserve the best rate at the lowest price possible. (ARLO™) originates is in fact, the reverse mortgage. We currently lend in 16 states and our headquartered in Southern California.Īll Reverse Mortgage was incorporated in CA November 2004 and as the name implies, the only loan product that All Reverse Mortgage, Inc. (ARLO™) is proud to be Texas's #1 Rated Reverse Mortgage Lender by the BBB with a Perfect 5.0 Stars and A+ Exemplary Rating.
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