Corvallis 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)
Corvallis Reverse Mortgage Facts
| City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Corvallis (est) | Avg. Home Value |
|---|---|---|---|---|---|
| Corvallis | 2,621 | 7 | 0 | 5 | $529,849 |
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 the HUD
Home Equity Conversion Mortgage (HECM, or “Heck-um”). The HECM is HUD’s acronym for their reverse mortgage loan.
All Reverse Mortgage, Inc. (ARLO™) originates in Corvallis 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, 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.
Corvallis Details
Corvallis is a moderately-sized college town in northwestern Oregon, first settled by Joseph C. Avery in 1845. As the town’s founder,
Avery went on to become the postmaster for the area, and Corvallis eventually resulted from Avery’s establishment of a business and in land dealings with
surrounding settlers. The settlement’s name was changed to Corvallis in late 1853, derived from the Latin phrase meaning “heart of the valley”.
Corvallis was officially incorporated as a city in the state of Oregon in January of 1857, and began to boom in the late 19th century through the
arrival of a privately-owned electrical plant that spurred heavy migration and investment in the area. During this brief “boom” period, the large influx of
investment saw the construction of a large county courthouse, the establishment of new businesses like a flour mill and a major hotel that still stands today,
the Julian Hotel. Additional annexations prior to 1900 also ended up doubling the size of the town.
These days, a big portion of Corvallis’ identity is reserved for its status as a college town. Corvallis is home to Oregon State University, which also serves as the
city’s single largest employer. Other big employers are in the healthcare and service industries, and a noted technology company presence. HP, Inc. houses a
substantial printing research and development operation in the northeast area of town.
Corvallis has also been seeking to encourage investment and diversify the presence of the kinds of employers that can call the city home. For instance,
Corvallis is home to the National Clonal Germplasm Repository at Corvallis, a gene bank of the United States Department of Agriculture Agricultural
Research Service which preserves fruit, nut, and agronomic crops from all over the globe.
Corvallis also has a vibrant calendar of events in the city, including an annual science, technology and art festival known as “Da Vinci Days” that takes
place every July. The event was conceived of as a joint project by Oregon State University, the city, and HP, Inc. While it did not take place in 2014 and 2015,
the event resumed in 2016 and has been taking place annually ever since.
The city also has several structures dedicated to preserving its history and celebrating the arts, including multiple museums and art galleries.
In terms of Corvallis’ senior-friendly amenities, the Corvallis Chintimini Senior & Community Center is a gathering place for the city’s seniors to come
together for social events and specifically-crafted services. There are also over 25 home health care agencies situated in and around the Corvallis area,
though in-home care costs in the area are slightly higher than the national average.
In terms of Corvallis’ proximity to other major Oregon cities, it is just about 46 miles east of Newport and the Oregon Coast, 85 miles south of Portland, the
state’s biggest city, and just 30 miles south of the Oregon state capitol, Salem. You don’t have to travel too far to get onto the major highway connecting the
three states of the American West Coast, since Corvallis is just about 10 miles west of Interstate 5.
Climate-wise, Corvallis shares a lot in common with the rest of the Pacific Northwest region of the United States, though its position in the
Willamette Valley also give it some very dry and cool summers. Its average high in the middle of the summer is just over 82 degrees Fahrenheit,
while its average low in the dead of winter is 33.6 degrees, just above freezing. Its highest average snowfall in winter is generally low, reaching only 2.2 inches
in February.
Corvallis can have a fair amount of rain, however, with the average annual amount of precipitation days being just about 161. Corvallis is very much a
location that exhibits all four seasons.
Corvallis Lending Limits
Eleven percent of Corvallis’ population is made up of seniors that are at least 65 years old, based on U.S. Census Bureau data. Of Corvallis’ senior population, 72 percent (accounting for over 2,600 households) are also homeowners as opposed to renters. That means there’s a quite large community of seniors who call Corvallis their long-term home.
Thousands of the senior households in Corvallis may be eligible to obtain a reverse mortgage. Several of these older homeowners have already done their research and begun using reverse mortgages to support their retirement needs.
Compared with the average home price in Oregon, Corvallis’ median home price is much higher than the rest of the state at $529,849, according to the Zillow Home Value Index. Zillow projects that they will continue to fall over the course of the next year by roughly 0.05% percent.
Some homes in Corvallis are worth more than this median value, and if your home has been appraised for more than the HUD lending limit of $1,149,825, you may still be able to tap into your home equity with the help of a reverse mortgage.
If you have any questions or want to explore your options, All Reverse Mortgage, Inc. (ARLO™) is here to help. If you are a homeowner in Corvallis, give us a call today at Toll-Free (800) 565-1722 or visit our calculator at https://reverse.mortgage/calculator to see how much you could access a reverse mortgage. We’re ready to assist you in making informed decisions and ensuring you can continue enjoying your retirement.
