Medford 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 Medford, 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 Medford 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.
Medford Reverse Mortgage Facts
||Homeowners Age 62+
||Reverse Mortgages Closed Last 12 Months
||Purchase Reverse Mortgages Closed Last 12 Months
||Lenders in Medford (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 Medford 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.
Medford Lending Limits
Located in Jackson County, Oregon, Medford is the fourth-largest metro area in the state. The city was given its name after David Loring who was a
civil engineer and right-of-way agent for the railroads in Oregon and California. Loring lived near Medford, Massachusetts in Concord, Massachusetts.
In 2013 there was an estimated population of 77,677 in Medford and 8,693 of those residents were homeowners 62 and older. The city is also a
destination for retirees as various senior services make up a significant part of the economy.
Unlike the rest of Oregon, Medford is situated in a “rain shadow” between the Cascade Range and Siskiyou Mountains. This area is referred to as
the Rogue Valley and it makes the city much drier and sunnier than the rest of the state.
The economy in Medford is primarily driven by the healthcare industry, which includes senior services, and two major medical centers: Asante
Rogue Medical Center and Providence Medford Medical Center.
The average home value in Medford is $246,500, which saw an increase of 11.5% in the last year. It is predicted that home values will rise again this
year by 4.4%. Even with the predicted rise in home values, many homes will still be under the maximum reverse mortgage lending limit of $636,150.
If you reside in Medford 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