Serving Tigard Homeowners Since 2004

Tigard Reverse Mortgage Market at a Glance

What the Numbers Tell Us About Reverse Mortgages in Tigard

Tigard is a suburban city in Washington County, Oregon, located southwest of Portland along the Interstate 5 and Highway 217 corridors. With convenient freeway access to downtown Portland, Tigard has developed into a well-established residential community with strong schools, commercial centers, and access to the Fanno Creek Trail system. The city’s mature neighborhoods are home to many long-term residents who have seen meaningful appreciation in their properties over the decades.

Tigard’s location in Washington County — one of the Portland metro’s strongest real estate markets — has driven steady appreciation over the decades. The city’s proximity to employment centers, retail, healthcare, and Portland’s cultural amenities makes it an ideal place for retirees to age in place. For long-term homeowners on fixed retirement incomes, the combination of rising Washington County property taxes, insurance costs, and general cost-of-living pressures can create a meaningful gap between home wealth and available cash flow that a reverse mortgage can help bridge.

Most Tigard properties fall within the federal HECM lending limit of $1,249,125, making the standard FHA-insured program the primary option. However, homeowners with properties in premium neighborhoods or on larger lots may approach or exceed the limit, in which case jumbo reverse mortgage programs can provide access to additional equity that a standard HECM cannot reach.

How a Reverse Mortgage Works for Tigard Homeowners

A reverse mortgage is a loan secured by your home that allows homeowners age 62 and older to convert a portion of their equity into tax-free funds — without making monthly mortgage payments. The most common type is the Home Equity Conversion Mortgage (HECM), which is insured by the Federal Housing Administration and regulated by HUD.

The loan becomes due when the last borrower permanently leaves the home — whether through sale, relocation, or passing. Until then, borrowers retain full title and may continue living in the property as long as they meet standard obligations including property taxes, homeowners insurance, and home maintenance.

Common Uses in Tigard

• Eliminating an existing mortgage payment to reduce monthly fixed costs — particularly valuable for Tigard retirees managing Washington County property taxes and insurance in one of the metro’s more desirable suburbs
• Establishing a line of credit that grows over time — a strategic reserve for healthcare expenses, home maintenance, or long-term care planning that grows regardless of home value fluctuations
• Supplementing retirement income to maintain quality of life in the Portland metro without selling a home that has appreciated significantly over decades of Washington County growth
• Accessing equity in higher-value properties through jumbo reverse mortgage programs — available for homeowners whose properties exceed the federal lending limit

Tigard Reverse Mortgage Eligibility

For a personalized estimate based on your Tigard home value, try our free reverse mortgage calculator — no personal information required.

Understanding the Costs

Reverse mortgages carry upfront and ongoing costs that borrowers should understand before proceeding. These typically include an origination fee, FHA mortgage insurance premium (MIP), third-party closing costs, and interest that accrues over the life of the loan.

Because interest compounds over time, the loan balance grows — meaning more equity is used the longer the loan remains in place. This is an important consideration for homeowners who plan to leave the property to heirs or who may need to sell in the near term. A thorough review of the pros and cons is essential to making an informed decision.

Is a Reverse Mortgage Right for You?

A reverse mortgage is not the right solution for every homeowner. It works best for those who plan to remain in their home long-term, have substantial equity, and want to improve cash flow or eliminate existing mortgage payments during retirement.

It may not be ideal if you plan to move within a few years, want to preserve maximum equity for heirs, or are uncomfortable with a rising loan balance. Understanding how a reverse mortgage works from the outset — including what happens when the last borrower leaves the home and whether refinancing makes sense down the road — helps ensure the decision aligns with your long-term goals.

HUD-approved counseling is a required step in the process, and for good reason: it provides an independent review of your financial situation and ensures you fully understand the terms before committing.

HUD-Approved Direct Lender Serving Tigard

All Reverse Mortgage, Inc. (ARLO™) is a HUD-approved direct lender specializing exclusively in reverse mortgages since 2004 and maintains an A+ rating with the Better Business Bureau. We are proud to be Oregon’s #1 Rated Reverse Mortgage Lender.

Our leadership team was involved in the introduction of the first fixed-rate jumbo reverse mortgage in 2008, giving us deep experience across both FHA-insured HECM loans and proprietary programs. Our familiarity with both program types ensures Tigard homeowners receive guidance tailored to their specific property value and financial goals — particularly relevant in a desirable Washington County suburb where some properties approach or exceed the federal lending limit.

All Reverse Mortgage, Inc. is fully licensed by the Oregon Division of Financial Regulation (License #ML-5006). We invite you to compare our reviews, rates, and closing costs with those of any other lender.

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