Terrebonne 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)
Terrebonne Reverse Mortgage Facts
| City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Terrebonne (est) | Avg. Home Value |
|---|---|---|---|---|---|
| Terrebonne | 85,623 | 146 | 0 | 112 | $529,660 |
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 HUD’s Home Equity Conversion Mortgage (HECM), commonly referred to as a reverse mortgage.
In Albany, All Reverse Mortgage, Inc. (ARLO™) assists homeowners with refinancing, whether they want to pay off an existing loan and eliminate monthly mortgage payments, access their home equity for other purposes, or pursue 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.
Terrebonne, Oregon: Community Overview
Located in the High Desert region of Central Oregon, Terrebonne is a small, unincorporated community with a population of approximately 1,300 residents according to recent U.S. Census Bureau data. Situated 23 miles north of Bend, Terrebonne is part of the larger Deschutes County area. Its proximity to Bend allows residents to enjoy the amenities and services offered by the larger city while maintaining the charm and tranquility of small-town living.
Historical Background: Terrebonne was originally named Hillman after railroad magnates James Hill and E.H. Harriman. However, the town was renamed Terrebonne—which means “good earth” in French—by local residents in the early 20th century, seeking to distance themselves from a disliked real estate developer.
The community began to grow around the establishment of the Terrebonne Community School, which now serves children in grades K-5, with older students attending nearby schools in Redmond.
Outdoor Recreation and Lifestyle
Terrebonne is a gateway to many outdoor recreational activities. The nearby city of Bend offers a wealth of year-round activities such as mountain biking, hiking, rock climbing, and white-water rafting, making Terrebonne an ideal home base for nature lovers. In addition to the natural beauty of the area, Smith Rock State Park—one of the premier rock-climbing destinations in the country—is just a short drive away.
Terrebonne Lending Limits
Terrebonne offers a unique combination of affordability and access to amenities for seniors looking to enhance their retirement years. Twelve percent of Terrebonne’s population comprises seniors aged 65 and older, and 75 percent of those seniors are homeowners, indicating a stable and dedicated senior community.
According to Zillow, the housing market in Terrebonne has remained strong, with a median home value of $529,660 as of January 2023. This represents a 7.6% increase in home prices over the past year, making it a growing market while remaining affordable. The current HUD lending limit for a Home Equity Conversion Mortgage (HECM) is $1,149,825, ensuring that most homes in the area are eligible for a reverse mortgage.
For seniors whose homes are valued above this limit, jumbo reverse mortgages may be an attractive option. They offer access to more home equity than a traditional FHA-insured HECM loan.
Reverse Mortgage Considerations
Reverse mortgages might not be the perfect solution for every homeowner. Still, they can be a valuable tool for those looking to eliminate monthly mortgage payments or create a flexible line of credit. If you are a homeowner in Terrebonne and you’re interested in exploring the benefits of a reverse mortgage, All Reverse Mortgage, Inc. (ARLO™) is here to guide you through the process.
Get in Touch
If you have any questions or want to explore your options, All Reverse Mortgage, Inc. (ARLO™) is ready to help. Call us at Toll-Free (800) 565-1722, or visit our online calculator to see how much you could access with a reverse mortgage. We’re here to assist you in making informed decisions and ensuring you can enjoy a financially secure retirement.
