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Find Reverse Mortgage Specialists Near You in Springfield, OR
Compare reverse mortgage specialists in Springfield. Review contact information and insurance categorys before you decide.
4 agents listed
Updated May 2026
Springfield, OR
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 4 reverse mortgage specialists in Springfield, 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.
Lane County Mortgage
639 Nicholas Dr, Springfield, OR 97477
5415136068
Selco Mortgage Co
925 Harlow Rd #210, Springfield, OR 97477
5417447730
US Bank Mortgage
5755 Main St, Springfield, OR 97478
5417447884
US Bank Mortgage
1520 18th St, Springfield, OR 97477
5417260009
A reverse mortgage specialist in Springfield Oregon helps homeowners age 62 and older access home equity without monthly payments. Oregon law requires borrowers to complete a HUD-approved counseling session before applying for a Home Equity Conversion Mortgage (HECM). Specialists in Springfield guide clients through the loan process, explain repayment terms, and ensure compliance with state regulations.
What Does a Reverse Mortgage Specialist in Springfield Cost?
Typical costs for a reverse mortgage in Oregon include an origination fee of 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 and title work. These costs often total between 3000 and 8000 dollars. Costs vary by situation and lender. 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 does a reverse mortgage specialist in Springfield do?
A specialist helps you understand HECM loans, calculates available equity, and assists with the application process. They coordinate with HUD-approved counselors and lenders to meet Oregon requirements.
Are there Oregon-specific rules for reverse mortgages?
Yes. Oregon requires a mandatory counseling session with a HUD-approved agency before you can apply. The state also limits origination fees and requires lenders to provide a detailed cost estimate.
How much equity do I need for a reverse mortgage in Oregon?
You generally need at least 50 percent equity in your home. The exact amount depends on your age, the home value, and current interest rates. A specialist can calculate your specific eligibility.
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the Oregon.