Compare Oregon's Best Reverse Mortgages
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Top 10 Reverse Mortgage Lenders in Oregon
|Lender Name||Years in Business||Stars (0-5.0)||Positive Reviews||Complaints||BBB Reviews|
|All Reverse Mortgage, Inc. (ARLO)||16||4.96||99%||1||Source|
|American Advisors Group (AAG)||16||4.01||80%||66||Source|
|HighTech Lending Inc||14||3.0||60%||0||Source|
|Fairway Independent Mortgage||24||4.97||99%||33||Source|
|Finance of America Reverse LLC (FAR)||17||1.0||20%||3||Source
|Liberty Home Equity Solutions, Inc.||17||3.0||60%||1||Source|
|Longbridge Financial LLC||8||1.90||38%||13||Source|
|Mutual of Omaha Mortgage||7||3.29||33%||10||Source|
|One Reverse Mortgage LLC (Quicken)||35||1.0||20%||3||Source|
|Reverse Mortgage Funding LLC||8||1.82||36%||12||Source|
All Reverse Mortgage® is proud to be Oregon's #1 Rated Reverse Mortgage Lender celebrating 16 years of excellence. We are the only OR company awarded an A+ Rating by the BBB with perfect 5-Star Reviews.
Since we started in 2004, our goal has remained simple: to offer the best terms with unbeatable customer service.
Compare our competitive rates and lower costs to any competitor and realize thousands more from your home’s equity!
The difference is clear, and we can’t wait to show you!
Oregon Reverse Mortgage Facts
Top 10 Reverse Mortgage Cities in Oregon by MCA (April 2020)
|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® of Oregon
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 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 as well.
Oregon Lending Limits
Oregon, also known as “the Beaver state,” has a population of 4,217,737 as of 2019 and 272,066 of those people are homeowners aged 62 and older. This means that over a quarter of a million Oregonians may be eligible for a reverse mortgage
In its pre-colonial history, Oregon was home to upwards of 16 different tribes of Native Americans by the 16th century, and Spanish explorers marked the territory’s first interaction with Europeans by the mid 1540s. Explorers from all over the world continued arriving and traveling through Oregon for the next two centuries, before the influential Lewis and Clark Expedition charted parts of Oregon in their search for the Northwest Passage.
Starting in the 1840s, the eponymous “Oregon Trail” brought many new American settlers into the territory, with the border between American territory and British territory peacefully defined in 1846, averting the possibility of a third instance of war between America and Britain in 75 years. Oregon was admitted into the United States in 1859, with the arrival of railroads and the innovation of hydroelectric power helping to drive the state’s continued economic innovations well into the 21st century.
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 3.5% to an average of $372,868. It is predicted values will fall by 1.5% in the next year in Oregon.
If you reside in Oregon, All Reverse Mortgage® is here to answer your questions.
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.
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 competitive rates that you won't find elsewhere:
|Exclusive 3.06% (4.06% APR) Fixed Rate for Life|
|Government Insured & Jumbo Proprietary Programs|
|Flexible Credit Lines from 2.23% 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!"|