In 2024, there were 103 active reverse mortgage loans in Crook County, Oregon. The average home value in Crook County is $509,193.74.

Click here to get a reverse Mortgage Quote in Crook County, Oregon

To avoid scams, make sure you are working with a licensed lender in Oregon. South River Mortgage is a fully licensed lender in Oregon. The OR state regulator requires mortgage lenders to be explicitly approved to make loans and hold a license. South River Mortgage proudly holds the Mortgage Lending License in OR, and our state license identifier is 1854525.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Crook County

Crook County, located in the state of Oregon, is known for its rugged landscapes and outdoor recreational opportunities. The county is home to a population of approximately 24,458 residents and experiences a climate characterized by hot summers and cold winters. Historically, Crook County played a significant role in the early settlement of Oregon, with the city of Prineville being one of the oldest communities in the state. The area is known for its rich pioneer heritage and connection to the Oregon Trail. Additionally, Crook County boasts a thriving agricultural industry, particularly in the production of hay, cattle, and timber. For seniors looking to tap into their home equity, Crook County’s average home value of $509,193.74, combined with an average property tax of $2,883.28, and an average interest rate of 4.65%, make it an attractive option for considering a reverse mortgage. This financial tool can provide older homeowners with an additional source of income to supplement their retirement funds, allowing them to age in place comfortably in the beautiful surroundings of Crook County.

Reverse Mortgage Loan Origination in Crook County

Reverse Mortgage Home Values in Crook County

Reverse Mortgage Interest Rates Crook County

There are approximately 103 active reverse mortgage loans in Crook County. The average interest rate in Crook County is 7.36% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Crook County was $508,529.41 in 2024.

Click here to get a Reverse Mortgage Quote in Crook County, Oregon »

Note that our loan origination data will not exactly match FHA’s HECM portfolio snapshot. This discrepancy occurs because FHA’s reports are limited to loans endorsed by FHA (i.e. HECMs only). We use a series of custom data criteria that make it possible to identify all reverse mortgages: HECMs, proprietary, and even single-purpose reverse mortgages.

Jumbo Reverse Mortgage in Crook County, OR

With the average home value of $508,529.41, you may be wondering about the opportunities for jumbo loans.

The FHA has increased the HECM lending limit to $1,209,750 for 2025. If your property is valued above the HECM lending limit, you may be eligible for additional proceeds through the HomeForLife jumbo reverse mortgage.

Reverse Mortgage Refinance (HECM to HECM) in Crook County

It might make sense to refinance your reverse mortgage. There are many situations where refinancing could be very beneficial to you:

• You want to get more cash out because your home value has increased substantially
• You want to pay less in interest by obtaining a lower interest rate
• You want to add a loved one to the reverse mortgage

As a bonus, South River Mortgage can sometimes provide multiple benefits at once, depending on the situation. There have been cases where we can help secure a lower interest rate and additional cash. In some cases, we have been able to do all three benefits: lower rate, more cash, and adding a son or daughter onto the mortgage.

South River Mortgage can help you refinance your reverse mortgage. Get a quote today »

Reverse for Purchase (HECM for Purchase) in Crook County

You can now purchase a home with a reverse mortgage in {county}, OR. The reverse for purchase lets homebuyers purchase the home and get a reverse mortgage in a single transaction. The requirements for a reverse for purchase are very similar to the traditional reverse mortgage program.

Purchasing a home with a reverse mortgage has many benefits:

• No monthly mortgage payment (although you’d still be responsible for property taxes and homeowner’s insurance)
• The home being purchased would meet HUD’s property requirements or minimum property standards (this helps keep the home safe for occupants)

Learn what your down payment would be using our Reverse for Purchase calculator. Or, get pre-approved today »