Find Reverse Mortgage Specialists Near You in Hillsboro, OR
Directory of reverse mortgage specialists in Hillsboro, Oregon. Verify credentials with the state state mortgage licensing authority before hiring.
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 7 reverse mortgage specialists in Hillsboro, 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 Hillsboro Cost?
Typical costs for a reverse mortgage specialist in Oregon include an origination fee up to 2 percent of the home value capped at 6000 dollars. Third party costs such as appraisal title search and recording fees range from 1500 to 4000 dollars. The mandatory HUD counseling fee is usually 125 to 250 dollars. All costs can be financed into the loan. This is general information and 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 Hillsboro Oregon?
You must be at least 62 years old to qualify for a Home Equity Conversion Mortgage in Oregon. All borrowers on the title must meet this age requirement. The specialist will verify your age and review your financial situation.
Do I need to attend counseling before getting a reverse mortgage in Oregon?
Yes Oregon law requires you to complete a counseling session with a HUD approved counselor before you can submit a loan application. The counselor explains the loan terms costs and alternatives. You will receive a certificate that the specialist needs to proceed.
Can I lose my home with a reverse mortgage in Hillsboro?
You can lose your home if you fail to pay property taxes or homeowners insurance or if you move out for more than 12 months. Oregon law requires the lender to give you a notice and a chance to cure the default. A specialist can explain how to avoid foreclosure.