Find Reverse Mortgage Specialists Near You in Eugene, OR
Browse reverse mortgage specialists serving Eugene, Oregon. Contact information and addresses listed below.
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
State Mortgage Licensing Authority of Oregon before hiring.
Showing 20 reverse mortgage specialists in Eugene, 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.
What Does a Reverse Mortgage Specialist in Eugene Cost?
Typical costs for a reverse mortgage specialist in Oregon include an origination fee of up to 2 percent of the home value with a cap of 6000 dollars. Third-party costs such as appraisal title insurance and recording fees range from 2000 to 5000 dollars. Oregon also requires a mandatory counseling fee of about 125 to 150 dollars. Costs vary by loan amount and property value. 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 age requirements for a reverse mortgage in Eugene Oregon?
Borrowers must be at least 62 years old. The youngest borrower on the title must meet this age requirement. Oregon does not have any additional age restrictions beyond federal HECM rules.
Do I need counseling before getting a reverse mortgage in Oregon?
Yes Oregon law requires HUD-approved counseling for all reverse mortgage applicants. The counseling session must be completed before the loan application is submitted. Counselors explain loan terms costs and alternatives.
Are reverse mortgage proceeds taxable in Oregon?
Reverse mortgage proceeds are not considered taxable income by Oregon or federal law. However interest paid on the loan is not tax deductible until the loan is paid off. Consult a tax professional for your specific situation.