Oregon Reverse Mortgage

Oregon Reverse Mortgage for Seniors 62 and Older

An Oregon reverse mortgage lets homeowners 62 and older convert home equity into cash — with no monthly mortgage payments required. You retain title to your home and continue living in it. The loan is repaid when you sell, move out, or pass away.

We originate reverse mortgages in Oregon and five other directly licensed states: California, Colorado, Washington, Texas, and Idaho.

Why Oregon Seniors Are a Strong Fit for Reverse Mortgages

Oregon’s housing market — particularly in the Portland metro, the Willamette Valley, and coastal communities — has appreciated substantially over the past two decades. Long-time homeowners who bought in Portland’s inner neighborhoods, Bend, or the Oregon coast often hold significant equity relative to their original purchase price.

The equity picture:

• Portland metro home values have grown dramatically, with many in-city and inner-ring suburban properties well above $500,000
• Bend and Central Oregon have seen some of the fastest appreciation in the Northwest, with median prices now comparable to major metros
• Oregon coastal towns — Lincoln City, Newport, Cannon Beach, Astoria — attract retirement buyers with substantial equity from prior-state sales
• Many Oregon seniors own free and clear after decades of ownership

Oregon’s combination of home appreciation and relatively affordable living costs outside Portland creates strong conditions for a reverse mortgage to supplement retirement income.

HECM vs. Jumbo Reverse Mortgage in Oregon

Most Oregon properties fall within the HECM lending limit. For higher-value Portland-area homes and Bend luxury properties, a jumbo proprietary reverse program may access more equity.

How You Can Receive the Funds

• Lump sum — all proceeds at closing (fixed-rate HECM only)
• Monthly payments — tenure (for life) or term (set number of years)
• Line of credit — draw funds as needed; unused line grows over time
• Combination — any mix of the above

The amount available depends on your age, current interest rates, and home value.

Oregon Retirement Markets We Serve

We work with Oregon senior homeowners across the state, including:

• Portland metro — Portland, Beaverton, Hillsboro, Gresham, Lake Oswego, Tualatin, West Linn
• Bend and Central Oregon — Bend, Redmond, Sisters, Sunriver
• Willamette Valley — Salem, Eugene, Corvallis, McMinnville
• Oregon Coast — Lincoln City, Newport, Cannon Beach, Seaside, Astoria, Bandon
• Southern Oregon — Medford, Ashland, Grants Pass, Klamath Falls
• Eastern Oregon — Pendleton, La Grande, Baker City

Reverse Mortgage Requirements

To qualify:

• Age: Youngest borrower must be 62 or older (some jumbo programs start at 55)
• Primary residence: You must live in the home as your primary residence
• Equity: Substantial equity required — most borrowers own free and clear or have a small remaining balance
• HUD counseling: Required for HECM loans before application
• Property taxes and insurance: Must remain current
• Property types: Single-family homes, 2–4 unit (owner-occupied), HUD-approved condominiums, and manufactured homes meeting FHA standards

Frequently Asked Questions

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1st Nationwide Mortgage, NMLS 1281. Reverse mortgages subject to borrower qualification, HUD counseling, property appraisal, and program availability. HECM loans are FHA-insured. Jumbo proprietary reverse mortgages are not FHA-insured; terms differ. Not all applicants will qualify. This is not a commitment to lend. Available in California, Colorado, Oregon, Washington, Texas, and Idaho only.