In 2024, there were 1199 active reverse mortgage loans in Multnomah County, Oregon. The average home value in Multnomah County is $552,141.80.

Click here to get a reverse Mortgage Quote in Multnomah 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 Multnomah County

Multnomah County, located in Oregon, is known for its vibrant and diverse community. With a population of over 800,000 residents, this county offers a mix of urban and natural landscapes, making it a desirable place to live. The county is home to the bustling city of Portland, known for its thriving arts scene, delicious food culture, and stunning outdoor recreational opportunities. Historical landmarks such as the Pittock Mansion and the Oregon Museum of Science and Industry showcase the rich history of the area. For seniors looking to tap into their home equity, Multnomah County offers options such as reverse mortgages. With an average home value of $552,142 and an average property tax of $5,766, homeowners may consider utilizing a reverse mortgage to supplement their retirement income. With the current low average interest rate of 0.0415, seniors can explore the benefits of a reverse mortgage to access the equity in their homes while continuing to live in and own their property.

Reverse Mortgage Loan Origination in Multnomah County

Reverse Mortgage Home Values in Multnomah County

Reverse Mortgage Interest Rates Multnomah County

There are approximately 1199 active reverse mortgage loans in Multnomah County. The average interest rate in Multnomah County is 7.42% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Multnomah County was $550,833.33 in 2024.

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

With the average home value of $550,833.33, 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 Multnomah 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 Multnomah 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 »