Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the Oregon before hiring.
Showing 6 reverse mortgage specialists in Beaverton, OR
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
GO Mortgage
9400 SW Beaverton Hillsdale Hwy #145, Beaverton, OR 97005
8004447283
Jerry Wilson Group at Eureka Mortgage Planning
9792 SW Nimbus Ave, Beaverton, OR 97008
5033123332
Novus Home Mortgage - Portland - Nathan Akers
8625 SW Cascade Ave #101, Beaverton, OR 97008
5035016724
Prestige Residential Loans LLC
6655 SW Hall Blvd, Beaverton, OR 97008
5033805665
Pacific Sunset Mortgage, LLC
15455 NW Greenbrier Pkwy #100, Beaverton, OR 97006
5037477998
HD Mortgage LLC
1915 NE Stucki Ave STE 400, Beaverton, OR 97006
5032096407
What Does a Reverse Mortgage Specialist in Beaverton Cost?
Typical costs for a reverse mortgage in Oregon include an origination fee of up to 6000 dollars an appraisal fee of 400 to 700 dollars and a mortgage insurance premium of 2 percent of the home value. Closing costs such as title insurance and recording fees add 1500 to 3000 dollars. Total upfront costs often range from 8000 to 15000 dollars but can be financed into the loan. This is general information not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What qualifications must a reverse mortgage specialist have in Oregon?
In Oregon a reverse mortgage specialist must hold a valid mortgage loan originator license through the Oregon Division of Financial Regulation. They must also follow federal HUD requirements for HECM loans. Always verify their license on the NMLS Consumer Access website before working with them.
Is mandatory counseling required for reverse mortgages in Oregon?
Yes Oregon law requires all borrowers to complete a counseling session with a HUD approved counselor before applying for a reverse mortgage. This session covers loan terms costs and alternatives. The counselor must be independent from the lender.
How does a reverse mortgage affect my heirs in Beaverton Oregon?
When the last borrower passes away or moves out permanently the loan becomes due. Heirs have 30 days under Oregon law to decide to pay off the loan or sell the home. If the home value is less than the loan balance the heirs are not personally liable due to the non recourse feature of HECM loans.