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 12 reverse mortgage specialists in Canby, 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.
Team Aalto at Advantage Mortgage
184 N Grant St, Canby, OR 97013
5033344737
Bobby Burks | Advantage Mortgage
184 N Grant St, Canby, OR 97013
9712581213
Fairway Independent Mortgage Corporation
149 N Holly St, Canby, OR 97013
5038946732
Advantage Mortgage Inc.
184 N Grant St, Canby, OR 97013
5032665800
Ethan Sackfield - Advantage Mortgage, Inc.
184 N Grant St, Canby, OR 97013
7609755621
Jon Hull - Fairway independent Mortgage Corp
149 N Holly St, Canby, OR 97013
5034074262
Shannon Horn - Advantage Mortgage Inc
184 N Grant St, Canby, OR 97013
5033276889
Advantage Mortgage | Dana Mosley| Divorce Lending Professional | Mortgage Advisor| NMLS - 1772785
184 N Grant St, Canby, OR 97013
5416109799
Kim McGuire NMLS 939953 at Advantage Mortgage
184 N Grant St, Canby, OR 97013
9715705735
Mark Griffin, Mortgage Advisor | Advantage Mortgage Inc.
184 N Grant St, Canby, OR 97013
4255036642
Shelly Stricker, Mortgage Advisor at Advantage Mortgage Inc.
184 N Grant St, Canby, OR 97013
5039512333
Derek Hill, Mortgage Broker | Advantage Mortgage Inc.
184 N Grant St, Canby, OR 97013
5033584317
What Does a Reverse Mortgage Specialist in Canby Cost?
Typical costs for a reverse mortgage in Oregon include an origination fee (up to 2.5 percent of the home value), a mortgage insurance premium (2 percent of the appraised value upfront plus 0.5 percent annually), and third party fees for appraisal, title search, and recording. Total closing costs often range from 5,000 to 8,000 dollars for a 300,000 dollar home. Costs vary by loan amount and lender. 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 are the eligibility requirements for a reverse mortgage in Canby Oregon?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The home must be your primary residence and meet FHA property standards. Oregon law also requires you to receive counseling from a HUD approved agency before applying.
How does an Oregon reverse mortgage affect my heirs?
Heirs can choose to repay the loan and keep the home or sell the property to pay off the balance. If the loan balance exceeds the home value, heirs are not responsible for the difference. Oregon law protects heirs by requiring a full payoff statement within 30 days of a request.
Are there specific Oregon laws that apply to reverse mortgages?
Yes. Oregon Revised Statute 86A.150 requires lenders to provide a written disclosure of all costs and terms at least three business days before closing. Lenders must also verify that you have received independent counseling. These rules help protect consumers in Canby and throughout Oregon.