Currently, the HECM (Home Equity Conversion Mortgage) is the most popular reverse loan program in Oregon as well as the rest of the country. With a HECM reverse mortgage, you have several options to choose from including fixed rates, adjustable rates and purchase reverse mortgages.
FHA Reverse Mortgages in Oregon
Seniors in Oregon are really seeing a benefit due to the 2023 increased lending limits of
. What that means to seniors looking to get a Oregon reverse mortgage is an increase in the total benefit available to them.
For comprehensive reverse mortgage information, please see the links to the left and above. If you would like someone to contact you, please fill out the form to the right.
Oregon Reverse Mortgage Numbers
Total for OREGON: 4,613The above chart shows HECM Loans Originated in OREGON rolled up to the HUD Field Office level Performance Period: Displaying HECM loans that were endorsed within the past year Data shown includes all cases with beginning endorsement date between April 1, 2020 and March 31, 2023. Data sorted by Area Name in Descending Order. Data Source: HUD Neighborhood Watch
| Agency Name | Phone | Address | Website | Agency ID | Reverse Mortgage Counseling Type Offered |
|---|---|---|---|---|---|
| CCCS OF SOUTHERN OREGON | (541) 779-2273 | STE. 202 820 CRATER LAKE AVE MEDFORD, OR 97504-6581 | http://www.improvedcredit.org | 81735 | HECM |
| HOUSING OPTIONS PROVIDED FOR THE ELDERLY | (971) 207-7820 | 5200 MEADOWS RD STE 150 LAKE OSWEGO, OR 97035-0066 | http://HECMHOPE.org | 90435 | HECM |
| MONEY MANAGEMENT INTERNATIONAL - PORTLAND BRANCH | (866) 232-9080 | 10260 SW GREENBURG RD PORTLAND, OR 97223-5500 | http://www.moneymanagement.org | 84752 | HECM |
| NEIGHBORIMPACT | (541) 318-7506 | 2303 SW 1ST ST REDMOND, OR 97756-7133 | http://www.neighborimpact.org | 81156 | HECM |
| NEIGHBORIMPACT - MADRAS HOUSING CENTER | (541) 323-6567 | SUITE B 374 SW 5TH ST MADRAS, OR 97741-1344 | http://www.neighborimpact.org/homesource | 84789 | HECM |
| NEIGHBORIMPACT - PRINEVILLE HOUSING CENTER | (541) 323-6567 | 457 NE OCHOCO PLAZA DR PRINEVILLE, OR 97754-8467 | http://www.neighborimpact.org/homesource | 84788 | HECM |
| NEIGHBORIMPACT- BEND HOUSING CENTER | (541) 323-6567 | 20310 EMPIRE AVE., SUITE A100 BEND, OR 97703-5723 | http://www.neighborimpact.org/homesource | 90211 | HECM |
| Oregon Reverse Mortgage Counseling list is current as of 4/21/2023. Source: HUD Agency Search | |||||
Considering a Non-FHA Reverse Mortgage?
Oregon Links of Interest: Division of Finance and Corporate Securities (DFCS) |
Phone (888) 888-4834 | State Licensing | NMLS #76801 Access Link
©2022 Zyng, Inc. dba Zyng Mortgage, Zyng Mortgage Co, MLS Reverse Mortgage, MLS Mortgage and NextView Reverse Mortgage | NMLS #76801
Real Estate Broker, California Department of Real Estate #01456165 | CA Department of Financial Protection and Innovation. Loans made pursuant to California Finance Lenders Law, License #60DBO-86253 | Colorado Mortgage Company Registered by the Division of Real Estate | Florida Office of Financial Regulation Mortgage Broker Business License #MBR729 | Idaho Mortgage Broker License #ML-5709 | Oregon Mortgage Lending License #ML-6909 | Texas Mortgage Broker | Washington Mortgage Broker License #MB-76801
“Texas Mortgage Broker Disclosure Figure: 7 TAC §80.200(b) “CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.””
Oregon Applicants: ORS 86A.196 at the conclusion of a reverse mortgage, borrower must repay the loan & may have to sell the home or repay the loan from other proceeds; charges assessed with the loan may include an origination fee, closing costs, mortgage insurance premiums & servicing fees; the loan balance grows over time & interest is charged on the outstanding balance; borrower is responsible for property taxes, hazard insurance & home maintenance, failure to pay these amounts may result in the loss of the home; interest on a reverse mortgage is not tax deductible until the borrower makes partial or full re-payment. Not tax advice
Reverse Mortgages are neither “endorsed” nor “approved” by the Federal Government. The FHA (Federal Housing Administration) provides certain insurance benefits for lenders and borrowers in connection with the lender’s HECM loans; the FHA does not make or originate loans. It is strongly advised that you consult with your family and / or trusted financial planner when considering any reverse mortgage loan.
This material is not from HUD or FHA and has not been approved by HUD or a government agency.