Refinance or purchase a home with no monthly mortgage payments.

NW Reverse Transparent

Age 55+? Have a meal on us and learn about buying or refinancing a home with no monthly mortgage payments! RSVP for a seminar near you today!

You’re invited to attend one of our many lunch or dinner seminars to learn more about using home equity in retirement. Whether you want to purchase a new home or refinance, we have options for people aged 55+ to meet their goals with no monthly mortgage payments required. We will be adhering to all COVID guidelines during our seminars and we will be taking an additional step of keeping our reservations to 50% of normal occupancy to ensure our guests can spread out and be comfortable while they enjoy their meals and take in the information. RSVP today to ensure your seat at a location near you!

eating-dinner (1)

Local Matters With Reverse Mortgages

After 100 days working with a large reverse mortgage lender in another state, these clients were fed up with the red tape and hubbub. A reverse mortgage horror story starts with inexperience, poor communication and lack of connection with your client. With a reverse mortgage, choosing a local provider can be the deciding factor on whether your experience is a reverse mortgage horror story, or an enchanting tale. Watch the video to see how one phone call with Northwest Reverse Mortgage changed everything for these clients.

Jeff Foody, President and Owner of Northwest Reverse Mortgage discusses using a reverse mortgage to purchase a home on Oregon’s Fox12 AM Northwest on Dec 6th, 2021

For those aged 60+, purchasing a home in this hot housing market can be very stressful. With constant bidding wars, low inventory and quick sales, it can be hard to gain a competitive edge as a homebuyer. Learn how using a reverse mortgage helped our client gain a strategic advantage in her quest to purchase her next home in this interview. When you partner with Northwest Reverse Mortgage for your home loan, we put our many years of experience to work for you.

Our President and Owner Jeff Foody MLO 253303 discusses what makes Northwest Reverse Mortgage different in this interview on KPTV FOX12 Local Business Spotlight.

For homeowners aged 60 and up, getting any mortgage is serious. Getting the facts and accurate information from a knowledgeable and experienced local expert becomes more important than ever as we get older.  At Northwest Reverse Mortgage, our job is to equip you with the information you need to make the optimal decision for your family; we are your guide to a more secure future.

Northwest-Reverse-Mortgage-Logo

Welcome to Northwest Reverse Mortgage; your local reverse mortgage experts licensed in Oregon, Washington, Idaho and California. We are committed to quality service through educating our clients about their options and providing solid information for you to make the optimal decision for your unique situation. With almost two decades in this industry, Jeff Foody started our mortgage brokerage Northwest Reverse Mortgage in Oregon in 2019 with the goal of specializing in reverse mortgages exclusively in order to provide our clients a better experience tailored just for them. As President and Owner of Northwest Reverse Mortgage, he now leads a dedicated team of local professionals who are focused on guiding you to a more secure future.

When you are ready, we will start by discussing your circumstances and goals; then we will work together to formulate a plan that is best suited to your individual needs. We encourage you to invite your advisors and loved ones into this process. With the guidance of our qualified and knowledgeable team you will feel comfortable with your decision.

We want our clients, their families, and advisors to be included in this decision and educated about the loan process. We are here to inform you, not sell you. We have many loan programs available, and we never take a one size fits all approach. Having our local and trusted experts to guide you through this decision will help you uncover the solution that fits you best.

Whether your goal is to refinance your current residence, purchase a new home or access some of your equity with a propriety reverse, all with no monthly mortgage payments; our team of licensed mortgage brokers are thoroughly experienced in every type of reverse mortgage and are eager to hear about your plans. Take these quick steps HERE or give us a call or text to get your customized information packet today.

QUICK QUOTE

BLOG

Stay knowledgeable about what's going on in the current market and learn more about Reverse Mortgages with our regularly updated Blog.

STAY INFORMED

Get the Facts about Reverse Mortgages and Stretch Your Retirement Savings: Check out the latest Reverse Mortgage news and stories on our Blog Here!

MOBILE APP

For quick and easy assistance anywhere download our new app in the Apple and Google Store today!

LETS CONNECT

Wondering how much you or your clients may qualify for on a refinance or a purchase? Download the app for Apple or Android today to get an idea.

VIDEOS

Watch our videos to get a more in depth understanding of the reverse mortgage products.

WATCH & LEARN

Watch our videos to get a more in depth understanding of the reverse mortgage products.

Our time together

Reverse Mortgage HECM

A reverse mortgage is a loan available to seniors over the age of 62 which allows them to convert equity in their home into cash. 

Reverse For Purchase

A Home Equity Conversion Mortgage (HECM) for Purchase is a reverse mortgage that allows seniors, age 62 or older, to purchase a new principal residence using loan proceeds from the reverse mortgage.

Proprietary Reverse Mortgages

Proprietary reverse mortgages are loan programs offered by some lenders and are not FHA insured. 

Equity Elite

Equity Elite Program Can be used to refinance or purchase a new home valued up to 4 million. Available to people as young as 60 has lower closing costs than a traditional HECM and no mortgage insurance premium.

Jumbo HomeSafe

Jumbo HomeSafe Can be used to refinance or purchase higher valued homes. All borrowers must be 62 or older, no mortgage insurance required, and access all of your loan proceeds in one lump sum.

Platinum Program

The Platinum Program can be used to purchase or refinance a home valued up to 4 million. 

Gerald & Linda B.

Rockaway Beach, Oregon

To the Entire Team @ NW Reverse Mtg.

Thank You So Much for your hard work!

We really needed this process to be successful! Cancer is a ugly disease that is so devastating mentally, physically,& financially. The reverse mtg has allowed us to stay in our home.

Chris V.

Premiere Property Group, LLC
Oregon Real Estate Broker since 2003

"I have known Jeff Foody for close to 10 years and have used him on multiple deals including my Mother and my mother in law. He is extremely knowledgeable and very professional. If you have someone that is wanting the best person to help you with a reverse mortgage Jeff is the only choice for the job.”

Justin S.

Old Republic Title
Business Development Specialist

"I have had the privilege of knowing and working with Jeff Foody and his reverse mortgage team for the past number of years. Jeff is a man of integrity, ingenuity, professionalism and true expertise in the area of reverse mortgages. When it comes to the invaluable option of a reverse mortgage, there is no one else with more experience or with whom I would trust more, for both my own personal business as well as my referrals, than Jeff Foody and his team at Northwest Reverse Mortgage."

Shawn L.

Harris Berne Christensen LLP
Attorney

"I’ve known Jeff Foody for over a decade. He knows the reverse mortgage industry inside and out. No one has more knowledge than Jeff on the subject. More importantly, he takes great care to thoroughly answer all questions asked of him and makes sure everything is done correctly. I fully endorse Jeff Foody. Shawn Lindsay, Oregon Attorney."

Ron L.

Satisfied Customer

Jeff is a man of Great integrity. Very Honest and straight shooter

Betty P.

Jeff, Breazy and Ginny were so helpful, knowledgeable and just plain nice.Jeff allowed me to proceed at my pace and was never pushy. I would (and already have done so)recommend Northwest Reverse Mortgage to everyone. They make you feel really comfortable with the decision to take out a reverse mortgage. After my loan closed I found myself missing my interaction with Jeff. How often can a person say that after borrowing money?? This is definitely the company to use for your reverse mortgage!

Tom S.

Excellent, excellent and excellent. The team at Northwest basically rescued us, after a bad experience with another national company. I highly recommend them. They give genuinely personal service and also very professional service. They know what they are doing!

 

“Craig and Sylvia both take medication to stay in good health. The cost of monthly meds and treatments makes it difficult for them to find the money needed to maintain the quality of life they once enjoyed…”

Want to keep up to date on the latest reverse mortgage news and information?
Sign up for our email newsletter here!

Follow Northwest Reverse Mortgage On Social Media

Northwest-Reverse-Mortgage-Logo

Call or Text Your Local Professional Now!

Licensing

© 2019 Northwest Reverse Mortgage, LLC NMLS #1834787
Idaho Branch #2123574

Licensed in Oregon, Washington, California and Idaho

Number:
Office: (800) 806-1472
Toll Free: (800) 806-1472
Fax: (541) 253-4370

Washington Local Contact:
(253) 237-1996

California Local Contact:
(650) 844-6655

Central/Southern Oregon Contact:
(541)226-3757

Equal Housing Opportunity Logo

Contact Us

Northwest Reverse Mortgage
10121 SE Sunnyside Rd
Ste 300
Clackamas, OR 97015
Phone: (503) 427-1667

Idaho Branch
950 W Bannock St
Suite 1100
Boise, ID 83702
Phone: (208) 635-0806

Hours:
MON-FRI 8AM - 5PM

Mortgage Brokers

Gresham Area

Northwest Reverse Mortgage, LLC. ML- 5797/ CL-1834787/ DFPI# 60DBO-140333. Equal Opportunity Mortgage Broker licensed in Oregon, Washington, Idaho and California. Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. Credit on approval. Terms subject to change without notice. Not a commitment to lend. Contents not provided by, or approved by FHA, HUD or any other government agency. All potential tax benefits should be verified with a professional licensed tax advisor. NMLS Consumer Access

At the conclusion of a reverse mortgage, the borrower must repay the loan and may have to sell the home or repay the loan from other proceeds; charges will be assessed with the loan, including an origination fee, closing costs, mortgage insurance premiums and servicing fees; the loan balance grows over time and interest is charged on the outstanding balance; the borrower remains responsible for property taxes, hazard insurance and home maintenance, and failure to pay these amounts may result in the loss of the home; interest on a reverse mortgage is not tax deductible until the borrower makes partial or full re-payment.