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 14 reverse mortgage specialists in Hermiston, 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.
Guild Mortgage - Katie Johnson
1565 N 1st St #5, Hermiston, OR 97838
5413715562
Oregon Fresh Start
913 N 1st St, Hermiston, OR 97838
5412620040
Guild Mortgage - Jessica Madrigal
1565 N 1st St #5, Hermiston, OR 97838
5413715562
Banner Bank
101 E Main St, Hermiston, OR 97838
5415672291
Landmark Professional Mortgage
1000 N 1st St B, Hermiston, OR 97838
5412891212
Guild Mortgage Company
1565 N 1st St #5, Hermiston, OR 97838
5413715562
Kim Arbogast Bayshore Mortgage Funding LLC -
338 N 1st Pl, Hermiston, OR 97838
5415645900
Fairway Independent Mortgage Corporation - Hermiston
338 N 1st Pl, Hermiston, OR 97838
5415645900
CMG Financial
338 N 1st Pl, Hermiston, OR 97838
5415645900
Cristal Sanguino
254 E Main St, Hermiston, OR 97838
5413145850
Mortgage Express, LLC.
945 S Hwy 395 suite 1, Hermiston, OR 97838
8775201141
Sheila Longoria, Mortgage Express - Loan Officer
254 E Main St, Hermiston, OR 97838
5417018388
Ashley Erevia – Banner Bank Residential Loan Officer
101 E Main St, Hermiston, OR 97838
5417206721
US Bank Mortgage
245 SE 2nd St, Hermiston, OR 97838
5415676324
What Does a Reverse Mortgage Specialist in Hermiston Cost?
Typical costs for a reverse mortgage specialist in Oregon include an origination fee of up to 2 percent of the home value (capped at $6,000), a mortgage insurance premium of 2 percent of the appraised value, and third-party fees for appraisal, title search, and recording. Total closing costs often range from $2,500 to $8,000. Costs vary by loan type 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 and equity requirements for a reverse mortgage in Hermiston Oregon?
Borrowers must be at least 62 years old. The home must be the primary residence and have sufficient equity. Oregon law does not set a minimum equity amount, but most lenders require at least 50 percent equity.
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. The session covers loan terms, costs, and alternatives. The counselor must be independent from the lender.
Can I lose my home with a reverse mortgage in Hermiston?
Yes, if you fail to pay property taxes, homeowners insurance, or maintain the home, the loan can become due. Oregon law allows a 6-month cure period after a default notice before foreclosure can begin.