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Your situation is as unique as you are and we want to hear about you and your needs. When in search of information about reverse mortgages, seeking out an expert is a great plan. With over 17 years experience, Jeff Foody and the team at Northwest Reverse Mortgage will get you the information you need to make an educated decision.

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Welcome to Northwest Reverse Mortgage; your local reverse mortgage expert.  Jeff Foody has been servicing Oregon’s reverse mortgage needs for over 17 years and counting.  We are committed to quality service through educating our clients about their options.  Our goal is to guide you to a more secure future.

We want our clients, their families and advisors to be comfortable with this decision and educated about the loan process. We pledge to you that we will ensure transparency with every step and provide you with accurate and timely information so you are able to make an educated, informed decision.

We start by discussing your circumstances and goals; then we 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 at ease with your decision and excited for the next chapter of your life.

Whether your goal is to refinance your current residence, purchase a new home or access some of your equity with a propriety jumbo reverse: Jeff Foody, president of Northwest Reverse Mortgage has specialized exclusively in reverse mortgages for over 17 years; we are thoroughly experienced in every type of reverse mortgage and want to be your guide to a more secure future. Call us today to discuss your retirement plans.

Studio portrait of a senior couple posing against a white background

 

Are you considering a reverse mortgage? RSVP for a meal on us and learn the truth about reverse mortgages from a seasoned professional at one of our seminars. We look forward to meeting you!

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

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

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

QUICK QUOTE

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.

Jeff has been serving the reverse mortgage industry since 2002, a time when it was a relatively obscure concept. Since then, the industry has evolved to where reverse mortgages are widely understood and often used by thousands of homeowners who are 62 and older. Jeff has been called one of the countries foremost expert's on reverse mortgages and frequently presents the benefits to large audiences. As of 2019, he is the proud owner of his own reverse mortgage brokerage, Northwest Reverse Mortgage. His belief in the advantages of reverse mortgages is so strong that even his parents are happily enjoying one of their own.

Jeff Foody

MLO #253303
President

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!

“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…”

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Licensing

© 2019 Northwest Reverse Mortgage, LLC NMLS #1834787

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Contact Us

Northwest Reverse Mortgage
10121 SE Sunnyside Rd
Ste 300
Clackamas, OR 97015

Number:
(503) 427-1667

Hours:
MON-FRI 8AM - 5PM

Northwest Reverse Mortgage, LLC. NMLS 183-4787. Equal Housing Lender. 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.