Compare Oregon's Best Reverse Mortgages
Top 10 Reverse Mortgage Lenders in Oregon
|Lender Name||Company Start Date||Lender Rating||Review Stars (0-5.0)||% of Positive Reviews||# of Complaints Last 3 Yrs.|
|All Reverse Mortgage, Inc. of Oregon||15||A+||5.0||99%||2|
|American Advisors Group (AAG)||14||A-||4.1||82%||50|
|Longbridge Financial, LLC||6||A+||3.5||70%||2|
|Reverse Mortgage Funding LLC||6||A+||3.0||60%||8|
|One Reverse Mortgage, LLC (Quicken Loans Inc.)
|Liberty Home Equity Solutions, Inc.||15||A+||2.1||42%||2|
|Synergy One Lending, Inc. (Retirement Funding Solutions)||9||A+||(N/A)||(N/A)||1|
|Fairway Independent Mortgage Corporation||23||A+||2.1||42%||21|
|Finance of America Reverse LLC||15||A+||1.0||20%||2|
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 states nationwide, including all of Oregon state.
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 OR 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.
Oregon Reverse Mortgage Facts
|State||Homeowners Age 62+||Reverse Mortgages Closed Last 12 Months||Purchase Reverse Mortgages Closed Last 12 Months||Lenders in Oregon||Avg. Home Value|
HUD Approved Direct Lender
All Reverse Mortgage® is approved with 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® originates in Oregon 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®
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 lower Principal Limits as they relate to home values, though, so not all borrowers are best served with the jumbo programs available.
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 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.
Oregon Lending Limits
The Beaver state has a population of 4,190,713 and 233,880 of those people are homeowners age 62 and older, which means almost one quarter of million people may be eligible for a reverse mortgage.
The median home value in Oregon is $319,200, which is much lower than the HECM reverse mortgage lending limit of $726,525.
As a whole, the state of Oregon is geographically very diverse. It has volcanoes, large bodies of water, evergreen and mixed forest areas as well as deserts and semi-arid shrublands. The state has one national park, Crater Lake National Park, which is home to the deepest lake in the country.
Due to Oregon’s wide range of natural areas, the economy is powered by various agriculture, fishing and hydroelectric power. Tourism is also popular in Oregon due to the state’s forests, mountains, beaches, lakes and waterfalls. Portland, Oregon is also home to the Oregon Museum of Science and Industry, the Portland Art Museum and the Oregon Zoo, which is the oldest zoo west of the Mississippi.
Oregon also has established itself as the location for many corporate headquarters such as Nike, Adidas and Harry and David.
Home values in the Beaver State have risen in the last year by 12.1% to an average of $304,800. It is predicted values will rise by another 2.6% in the next year in Oregon.
If you reside in Oregon, All Reverse Mortgage® is here to answer your questions. Call Toll Free (800) 565-1722 – Or try ARLO™ our revolutionary reverse mortgage calculator that offers side-by-side program comparisons, real-time interest rates and expert recommendations.
Other Areas of Interest in Oregon
Oregon Approved Reverse Mortgage Counseling Agencies
|Agency Name||Phone||Address||Website||Agency ID||Languages|
|OPEN DOOR COUNSELING CENTER||503-640-6689||34420 SW Tualatin Valley Hwy|
Hillsboro, Oregon 97123-5470
|CCCS OF SOUTHERN OREGON||541-779-2273||820 Crater Lake Ave|
Medford, Oregon 97504-6581
|NEIGHBORIMPACT||541-318-7506||2303 SW 1st St Bldg C|
Redmond, Oregon 97756-7133
|NEIGHBORWORKS UMPQUA||541-673-4909||605 SE Kane St|
Roseburg, Oregon 97470-4906
|NEIGHBORHOOD ECONOMIC DEVELOPMENT CORPORATION (NEDCO)||503-779-2680||437 Union St. NE|
SALEM, Oregon 97301-2458
|NEIGHBORHOOD ECONOMIC DEVELOPMENT CORPORATION (NEDCO)||541-345-7106||212 Main St|
Springfield, Oregon 97477-5370
Did you know? Oregon state does not mandate in-person counsleing. Visit our counseling page for a list of phone-based counseling agencies and conduct your required counseling from the comfort of your home.
- Top 10 Lender Reviews & Ratings
- Reversemortgage.org NRMLA Members in Oregon
- HUD.GOV Approved Lenders Search
Our Exclusive Programs Designed to Fit Your Needs.
All Reverse Mortgage© has consistently brought exclusive offers to our valued Oregon homeowners. Because of our unique process we're able to offer a better federally-insured reverse mortgage with no compromise.
Take a look at some of our program benefits that you won't find elsewhere:
|Exclusive 3.68% (5.25% APR) Fixed Rate for Life|
|Government Insured & Jumbo Proprietary Programs|
|Flexible Credit Lines from 2.98% with the Industries Lowest Lifetime Rate Exposure|
|ZERO Origination Fee Plans|
|ZERO Financed Closing Cost Plans|
|ZERO Monthly Servicing Fees on ALL programs|
How can we offer you more favorable terms?We are a direct lender approved by FHA (Federal Housing Administration) The HECM is literally all we do. All Reverse Mortgage is not just a name for us. We have a very low (almost non-existent) staff turnover and our people are experts. We don't work with Brokers, allowing us to pass the savings on to you. We don't hire "celebrity" spokespersons as we don't believe you should have to pay for a lender's expensive marketing budget with higher loan costs. We Charge Less! Check out our competition and our customer ratings. We never forget that this loan is about you and your needs and we put you first with superior service and lower costs.
All Reverse vs. the others
HUD approved direct lender.
Working with a local Oregon lender saves you time and money.
As an award-winning direct lender our goal remains simple; to offer you the very best terms accompanied by extraordinary customer service.
What Our Customers Are Saying
|"There was no car salesman type of protracted negotiation. All reverse got right down to a good quote without a series of incremental steps."|
|"I was surprised how easy it was to deal with an out of state company. Actually it was much easier than my previous dealings with local banks and brokers"|
|"It is a wonderful feeling to have no mortgage and extra cash in our pocket. We are very happy."|
|"Thank you to All Reverse for handling everything in an efficient and smooth way. Thoroughly appreciate everything you have done to make things easy for me."|
|"This was the smoothest mortgage process I have ever experienced! And so fast!"|