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 2 reverse mortgage specialists in Sisters, 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.
Fairway Independent Mortgage Corporation
220 S Pine St #109, Sisters, OR 97759
5415886152
US Bank Mortgage
123 W Hood Ave, Sisters, OR 97759
5415492141
What Does a Reverse Mortgage Specialist in Sisters Cost?
Typical costs for a reverse mortgage in Oregon include an origination fee of up to $6,000, a mortgage insurance premium of 2% of the home value, and third party fees for appraisal and title work. Total closing costs often range from $8,000 to $15,000 depending on the home value and lender. 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 Sisters Oregon?
You must be at least 62 years old to qualify for a Home Equity Conversion Mortgage (HECM) in Sisters. All borrowers listed on the title must meet this age requirement.
Do I need to attend counseling for a reverse mortgage in Oregon?
Yes, Oregon law requires all reverse mortgage applicants to complete a counseling session with a HUD approved counselor. This session explains the loan terms, costs, and alternatives before you proceed.
Can I lose my home with a reverse mortgage in Sisters?
You must continue to pay property taxes, homeowners insurance, and maintain the home. If you fail to meet these obligations or move out for more than 12 months, the loan becomes due and you could lose the home.