Newberg Reverse Mortgage Lenders
At All Reverse Mortgage, Inc. (ARLO™), we’re proud to be Oregon’s #1 Rated Reverse Mortgage Lender, celebrating 20 years of dedicated service. Our A+ rating from the Better Business Bureau and perfect 5-star reviews reflect our unwavering commitment to providing you with the best terms and exceptional customer care.
Since 2004, our mission has been simple: to help Oregon homeowners make the most of their home’s equity with peace of mind. As a HUD-approved lender, we offer a comprehensive range of HECM and jumbo reverse mortgages tailored to meet your specific needs.
With our competitive rates and lower costs, you can retain more of your home’s equity. We’re here to show you the difference our experience can make, and we look forward to guiding you every step of the way!
All Reverse Mortgage is licensed by the Division of Finance and Corporate Securities (DFCF) (License/Registration #ML-5006)
Newberg Reverse Mortgage Facts
| City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Newberg (est) | Avg. Home Value |
|---|---|---|---|---|---|
| Newberg | 329 | 47 | 0 | 54 | $544,687 |
HUD Approved Direct Lender
All Reverse Mortgage, Inc. (ARLO™) is approved by the Department of Housing and Urban Development (HUD) to originate, underwrite, and close HUD’s Home Equity Conversion Mortgage (HECM), commonly referred to as a reverse mortgage.
In Albany, All Reverse Mortgage, Inc. (ARLO™) assists homeowners with refinancing, whether they want to pay off an existing loan and eliminate monthly mortgage payments, access their home equity for other purposes, or pursue a combination of both.
About All Reverse Mortgage, Inc.
At All Reverse Mortgage, Inc. (ARLO™), we’re proud to be licensed by the state of Oregon, bringing decades of expertise and local knowledge to homeowners across the state. Our owners and management were part of the team that introduced and sold the first fixed-rate jumbo reverse mortgage in 2008. With extensive experience in jumbo and proprietary loan programs, we continually seek new products to better serve Oregon homeowners, especially those with high-value homes in markets where the HUD HECM may not fully meet their needs.
As a licensed Oregon lender, we understand the unique aspects of the local housing market. We’re dedicated to helping you navigate the complexities of reverse mortgage options, from the HUD HECM to niche jumbo programs. Our seasoned originators are well-equipped to guide you through the process, ensuring you understand the pros and cons of each option so you can make an informed decision.
For homeowners aged 62 and above, a reverse mortgage can be a powerful financial tool—not just a last resort. Whether it’s eliminating existing mortgage payments or establishing a growing line of credit, we’re here to help you use your home’s equity to live comfortably and plan for the future in your family home.
Newberg Lending Limits
Newberg’s Rich Historical Background
Newberg, Oregon, located just outside of Portland, is home to approximately 24,000 residents, according to 2019 estimates. The town is known for its deep historical roots, largely influenced by the establishment of George Fox University. This private Christian institution has played a key role in shaping the community.
A Historic Town with Unique Cultural Aspects
Newberg’s history dates back to the mid-1800s, when fur trader Ewing Young settled near the Willamette River, and over time, it became a thriving community. Initially called “Chehalem” after a local creek, the town eventually adopted the name Newberg, honoring its first postmaster, Sebastian Brutscher, who named it after his hometown in Hesse, Germany.
Beyond its academic ties, Newberg is known for a few other interesting elements. The town is connected to the Quaker faith, with many early settlers adhering to its principles. Additionally, it was once home to President Herbert Hoover, who attended what was then Friends Pacific Academy in the 1880s.
In the 1970s, Newberg became a key area for llama breeding, with the first domesticated llama in the U.S. being brought to the town, further adding to its unique history.
Newberg’s Housing Market and Reverse Mortgage Potential
As of January 2023, Newberg’s median home price is $544,687, which has seen a notable 18.9% increase over the past year, according to the Zillow Home Value Index. This places many homes within the federal reverse mortgage lending limit of $1,149,825, making a Home Equity Conversion Mortgage (HECM) an option for many senior homeowners in Newberg. For homes exceeding this value, jumbo reverse mortgage programs are available to unlock even more home equity.
A Community for Seniors
Around 12% of Newberg’s population consists of seniors aged 65 and older, with 65% of them being homeowners. This suggests a sizable community of long-term senior residents who might benefit from accessing their home equity through a reverse mortgage.
If you’re a senior homeowner in Newberg and are curious about how a reverse mortgage could benefit you, All Reverse Mortgage, Inc. (ARLO™) is here to guide you through the process. Call us today at Toll-Free (800) 565-1722, or visit our online calculator to see how much you could access with a reverse mortgage. We’re here to help you make informed decisions and ensure you can enjoy your retirement with financial flexibility.
