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 9 reverse mortgage specialists in Silverton, 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 - Jess Defrees
300 N Water St, Silverton, OR 97381
5036020378
Bryan White Mortgages | Advantage Mortgage | Silverton, Salem, Keizer
119 N Water St Suite 203, Silverton, OR 97381
9713431734
Guild Mortgage - Julie Bersin
300 N Water St, Silverton, OR 97381
5038513880
Lighthouse Home Loans, Inc.
204 W Main St, Silverton, OR 97381
5413293313
Investors Lending Group - Private Money Real Estate Lender in Oregon
103 S 1st St #202, Silverton, OR 97381
5035857886
Advantage Mortgage Inc.
119 N Water St Suite 203, Silverton, OR 97381
5032665800
Mortgage Calculator Group
606 Front St, Silverton, OR 97381
5038818449
Guild Mortgage Company
300 N Water St, Silverton, OR 97381
5036891078
Chase Mortgage
265 E C St, Silverton, OR 97381
5038736387
What Does a Reverse Mortgage Specialist in Silverton Cost?
In Oregon reverse mortgage costs typically include an origination fee up to 2 percent of the home value a mortgage insurance premium of 2 percent of the appraised value and third-party fees for appraisal title and recording. Total closing costs often range from 3000 to 8000 depending on home value and lender. Ongoing costs include annual mortgage insurance premiums and loan servicing fees. 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 qualifications does a reverse mortgage specialist in Silverton need?
In Oregon reverse mortgage specialists must hold a valid mortgage loan originator license through the Nationwide Multistate Licensing System. They should also have specific training on Home Equity Conversion Mortgages insured by the Federal Housing Administration.
Are there Oregon-specific requirements for reverse mortgage counseling?
Yes Oregon law mandates that all reverse mortgage applicants complete a counseling session with a HUD-approved counselor before they can submit a loan application. This session covers loan terms costs and alternatives and must occur at least 7 days before closing.
How does a reverse mortgage affect Oregon homestead property tax deferral?
Homeowners in Silverton who use a reverse mortgage may still qualify for Oregon property tax deferral programs but the reverse mortgage lender must agree to the deferral. It is important to discuss this with your specialist because the deferral creates a lien that can affect loan terms.