Eugene Reverse Mortgage Lenders
We are proud to be Oregon's #1 rated reverse mortgage lender by the BBB with a Perfect 5.0 stars and A+ review. All Reverse Mortgage® lends in 16 states nationwide, including Eugene, OR.
All Reverse began in 2004 and as the name implies, the only loan product that All Reverse Mortgage® originates is the residential reverse mortgage loan.
We offer reverse mortgages to Eugene homeowners and our staff has a combined lending experience exceeding 100 years with national mortgage banking experience on both coasts and points between. Due to this varied direct experience, All Reverse Mortgage® is well positioned to be able to assist borrowers with all specific needs associated with the reverse mortgage program.
Eugene Reverse Mortgage Facts
||Homeowners Age 62+
||Reverse Mortgages Closed Last 12 Months
||Purchase Reverse Mortgages Closed Last 12 Months
||Lenders in Eugene (est)
||Avg. Home Value
HUD Approved Direct Lenders
United Southwest and All Reverse are approved lenders with HUD
(Department of Housing and Urban Development) 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 originates in Eugene and closes both refinance loans where borrowers
already own their home and are looking 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 the mortgage of last resort.
Everything from the elimination of the existing mortgage payments
to the line of credit 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.
Eugene Lending Limits
Eugene, Oregon, is the second-largest city in Oregon with a population of about 161,649, and it’s located about 50 miles east of the Oregon
Coast. As of 2016, the city is home to approximately 29,000 senior homeowners 62 years or older.
Eugene was founded in 1846 and incorporated in 1862. Eugene has a unique historical background, as it’s often considered one of the
earliest birthplaces of the counter counter movement of the 1960s. Even to this day, Eugene has maintains that same
sense of alternative ideas and pursuits.
Eugene is home to many vibrant theaters, museums and art galleries. It’s the location where the 1978 film, National Lampoon’s Animal House was
filmed. But as a greater claim to fame, Eugene is the birthplace of Nike and the University of Oregon. Nike is one of the largest companies in the world,
and the University of Oregon has developed a strong athletics reputation in basketball, football and track and field.
The economy of Eugene is primarily driven by healthcare, manufacturing and educational services.
The median home value in Eugene, Oregon, is $291,627 - an increase of 7.1 percent in the last year. Home values are projected to rise another 3.3
percent in 2018. Even with the predicted rise in home values, many Eugene, Oregon homes are still well within the bounds of the federal reverse
mortgage lending limit of $726,525. For those with higher home values, there are jumbo reverse mortgage loan options available.
Living in Eugene, the average home value is $375,800, which is well below the maximum reverse mortgage lending limit of $636,150.
If you reside in Eugene All Reverse Mortgage® is here to answer your questions. Access our online reverse mortgage calculator to estimate your reverse mortgage lending limit or call usToll Free(800) 565-1722
Additional Oregon Lender Resource Links:
Top 10 Lender Reviews & Ratings: https://reverse.mortgage/best-reverse-mortgage-lenders
Reversemortgage.org NRMLA Members in OR: https://www.reversemortgage.org/Find-a-Lender/state/OR
HUD.GOV Approved Lenders in Oregon for HECM Loan