In 2024, there were 32 active reverse mortgage loans in Hood River County, Oregon. The average home value in Hood River County is $654,829.31.

Click here to get a reverse Mortgage Quote in Hood River 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 Hood River County

Located in Oregon, Hood River County is known for its stunning natural beauty and outdoor recreational opportunities. With a population of approximately 24,280 residents, the county boasts a temperate climate perfect for activities such as windsurfing, hiking, and exploring the Columbia River Gorge. Hood River County is also famous for its agricultural produce, particularly its apples, pears, and cherries. Historically, Hood River County has deep ties to the timber industry and was once a thriving hub for lumber production. Today, it is a popular destination for tourists seeking adventure and relaxation in the scenic Pacific Northwest. For seniors looking to tap into the equity of their homes, Hood River County’s average home value of $654,829.31, average property tax of $3,138.44, and average interest rate of 4.37% make it an attractive location for exploring options such as reverse mortgages to supplement retirement income and ensure financial stability in their golden years.

Reverse Mortgage Loan Origination in Hood River County

Reverse Mortgage Home Values in Hood River County

Reverse Mortgage Interest Rates Hood River County

There are approximately 32 active reverse mortgage loans in Hood River County. The average interest rate in Hood River County is 7.82% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Hood River County was $777,857.14 in 2024.

Click here to get a Reverse Mortgage Quote in Hood River 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 Hood River County, OR

With the average home value of $777,857.14, 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 Hood River 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 Hood River 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 »