The housing market in Bend, Oregon is considered to be somewhat competitive. Homes typically go for 1% below listing price at an average sales price of $435,200. The average home value is around $475,132. At this value, a borrower in Bend with a fair credit score may be eligible for a loan upwards of $200,000.
Calculate How Much You Qualify For
Let's get you the best possible quote on a reverse mortgage. (Instant quote in just a few steps)
HUD-Approved Counseling Agencies in Bend, Oregon
| Counseling Agency Name | Phone Number | Address | Website |
|---|---|---|---|
| NEIGHBORWORKS UMPQUA | (541) 673-4909 | 605 SE KANE STROSEBURG, OR 97470-4906 | www.nwumpqua.org |
| OPEN DOOR COUNSELING CENTER | (503) 640-6689 | 34420 SW TUALATIN VALLEY HWY HILLSBORO, OR 97123-5470 | www.opendoorcc.ne |
| NEIGHBORIMPACT | (541) 318-7506 | 2303 SW 1ST ST BLDG C REDMOND, OR 97756-7133 | www.neighborimpact.org |
| NEIGHBORHOOD ECONOMIC DEVELOPMENT CORPORATION (NEDCO) | (541) 345-7106 | 212 MAIN ST SPRINGFIELD, OR 97477-5370 | www.devnw.org/ |
If you’re looking at your mounting bills and expenses and worried that your social security won’t cover the costs, then you could use a little extra help. Whether you want to receive a big monthly check or a little one, you could benefit by signing up for a reverse mortgage. At South River Mortgage, we can help you choose the right policy for your needs. We’ve been helping retired seniors with their reverse mortgages for years. Here’s what you need to know about our services in Bend, OR.
While you may be familiar with loans and lenders, you may never have heard of a reverse mortgage before. A reverse mortgage company is a special kind of company that grants loans to seniors based on the equity of their home. This is a kind of loan that doesn’t need to be paid back by those who take out the loan. Rather, it’s paid back after they have passed through the sale of the house. However, if the seniors choose to move out of the home, then the reverse mortgage in Bend, OR does need to be paid back.
A reverse mortgage is beneficial because it gives you either a monthly payment, a lump sum of cash, or a line of credit that you can use to make big purchases, save, or even invest. It grants you financial freedom.
If you’re looking for a reverse mortgage company in Oregon that you can trust, then you need to consider our reverse mortgage brokers. Our lenders in Bend OR are the best because we offer the lowest rates around. Low rates are vital to keeping the price of your loans down. Our reverse mortgage brokers will give you the best deal based on your needs. You’ll find that our lenders in Bend OR always offer the lowest rates.
You can also expect our reverse mortgage brokers to be experienced. We know all about reverse mortgages and how they work. If you ever have any questions, then our expert brokers can answer them. You can also rely on us to take care of your finances and ensure you’re treated as a priority.
If you’re curious about how a reverse mortgage in Bend, OR can affect your finances, then give our team a call today. You don’t have to worry about making ends meet in Bend, OR when you entrust us with a loan.
Why South River Mortgage?
South River Mortgage is a leader in reverse mortgages in Los Angeles, California. South River Mortgage has an expert staff of loan advisors and always gives back to the community.
Proprietary Loan Programs
South River Mortgage has many proprietary loan programs that allow South River Mortgage to qualify many borrowers who would otherwise be ineligible or denied for a reverse mortgage loan. For this reason, South River Mortgage is a top rated reverse mortgage company
South River Mortgage Gives Back
We believe in giving back to the communities we operate in, and we believe in helping seniors. This is why South River Mortgage sponsors hundreds of AARP memberships annually and participates in company-wide volunteer days.
Expert Loan Advisors
All staff members treat clients as we would treat our own family members. Our expert loan advisors go through a thorough guided training program, complete continuing education annually, and are well-regarded as the experts in the field.
How a Reverse Mortgage Works
Speak to a Reverse Mortgage Advisor
Have questions about the reverse mortgage? Are you not sure if this is the right program for you? Speak with one of our trusted reverse mortgage advisors today
Recommended Articles
As people age, financial security often becomes a top priority. For many seniors, a reverse mortgage can be a valuable tool to enhance their retirement
As more seniors explore the benefits of reverse mortgages, it’s essential to understand how interest is calculated on these loans. Unlike traditional mortgages, where borrowers
Reverse mortgages are often misunderstood and surrounded by various myths and misconceptions. As a financial product designed primarily for seniors, reverse mortgages can be an
As homeowners age, many look for ways to supplement their income and enhance their retirement lifestyle. One popular option is a reverse mortgage, which allows
Introduction Homeowners looking to tap into their home equity have two primary options: a reverse mortgage or a conventional cash-out refinance. Both financial products offer
Financial Challenges Facing Seniors in Retirement: Navigating a Complex Landscape Introduction Retirement is often envisioned as a period of relaxation and enjoyment, but for many
Testimonials from Working with South River Mortgage
© South River Mortgage, All Rights Reserved NMLS#1854524 1750 Forest Drive Suite #195, Annapolis, MD 21401. These materials are not from HUD or FHA and were not approved by HUD or a government agency.
