If you more questions, feel free to reach out to us at: (503) 806-1620

We’re excited to be one of Oregon’s premier reverse mortgage lenders in Medford, OR.

Finance of America Mortgage is a trusted company that has been lending for over ten years, specializing only in our sole product – reverse mortgages.

Our mortgage company services all Medford homeowners, and we are uniquely equipped with a staff that has amassed decades of experience in the mortgage banking industry, spanning each area of the country. This experience allows us to understand every borrower, regardless of their specific standing or needs in the reverse mortgage program.

HUD Approved Direct Lenders

Finance of America Mortgage has long been approved lenders with the Department of Housing and Urban Development (HUD). We’ve been authorized to close, underwrite, and originate the HUD Home Equity Conversion Mortgage (HECM), commonly known as the HUD’s reverse mortgage loan.

Finance of America Mortgage is a locally owned and operated company. We handle both refi loans where the borrowers already own their home and are ready to pay off their current loan and are without a monthly payment, as well as those who are looking to use their equity for other ventures if they don’t have an existing loan. We can also close if their situation lays somewhere in between.

About Finance of America Home Mortgage

Finance of America’s management group were some of the originators of the first fixed-rate reverse mortgages in 2008. As such, we have a wealth of experience in proprietary or jumbo loan programs that are available to potential borrowers. As a forward-thinking company, we’re always on the hunt for more programs and products that may serve people that HUD HECM may not, specifically those borrowers of higher valued properties.

Principal Limits are generally lower for jumbo or proprietary programs. As such, not all borrowers will see real benefits from jumbo programs.

Unlike many companies serving our area, only experienced originators have the ability to determine which programs will work out for some borrowers. This includes informing them of the advantages of disadvantages of these programs, ultimately setting the borrower up with the information they need to take the next step.

In the past few years, we’ve found that it’s not out of the ordinary to see an area for a jumbo market within a stone’s throw of a great HUD HECM market, even if one of the areas could make use of the jumbo configuration.

If you’re a homeowner 62 or above in any market, you could make good use of a reverse mortgage. It has been seen to be a stout financial product, as it allows you to supplement retirement plans and not consider just the mortgage as a means to an end.

What’s also great about the reverse mortgage through us is that it gets rid of the current mortgage payments, as well as the line of credit used. This means that reverse mortgage borrowers can live the life that they want to live in, in addition to allowing the borrower to truly plan for the rest of their lives.

Lending Limits in Medford Oregon

The median home value in the city of Medford is $365,000. This makes it firmly under the HECM lending limit of $636,150, a figure set by the federal government.

So, if you live in our great city and would like more information, contact us at Finance of America Mortgage and we will happily answer any inquiry that you may have!

Our Exclusive Programs Designed to Fit Your Needs.

Take a look at some of our program benefits that you won’t find elsewhere:

Finance of America Mortgage has long been providing homeowners with offers that they can’t get anywhere else. Our trusted, experienced, and knowledgeable team can offer exactly what you’ll need out a reverse mortgage. Don’t fret; you don’t need to compromise, just get the loan that you’re looking for.

Here are some of the benefits you get when you choose Finance of America Mortgage:

– A Premier 3.68% Fixed Rate for Life (5.25% APR)

– Governmentally Insured and Jumbo Proprietary Program

– Comfortable Credit Lines Starting at 2.98%

– Industry’s Lowest Lifetime Rate

– No Obligation Free Plans

– Zero Financed Closing Costs

– No Monthly Servicing Fee from Us

Please, finish the form above to see our list of all available programs that we offer. The rate excludes state tax. To take advantage of the $0, the minimum loan amount must be $40,000. The APR is calculated at a $185,000 loan amount or 60% or less PLF utilization. All adjustable-rate plans come with a lifetime rate cap of 5% over the starting rate.

How Are Your Terms So Low?

Finance of America Mortgage is a direct lender approved by the Federal Housing Administration.

We don’t offer any mortgage programs other than the HECM. Our personnel are thoroughly trained, experienced, and are absolutely equipped to keep our rates as low as humanly possible.

We don’t do any work with brokers in the industry. This allows us to keep our overhead low, allowing our borrowers to save as much money as possible.

We don’t spend an arm and a leg in hiring celebrities to ballon our marketing budget. We don’t think it’s fair for any borrower to cover our expenses through the use of celebrities.

simply charge less than our competition. If you can, be sure to look at our direct competitors and compare our customer ratings. It seems as if they are more concerned about endorsements and name recognition as opposed to putting the borrower first. We offer great customer service and keep our costs as low to serve more people.

Finance of America Reverse Mortgage vs. The Competition

It turns out that a plethora of the celebrity-endorsed companies possesses some of the worst ratings in the reverse mortgage program industry. Upon research, they simply do not pass muster. From our initial contact to loan terms, you’ll find that we are genuinely only working on your behalf.

HUD approved direct lender.

As a person who lives in Medofrd, you understand how important it is to work with a local company. Not only does it save you money and time, but you also understand that you are working with someone who shares the same values.

As a heralded company in reverse mortgage programs, we keep our process and goals as simple as possible. The only goal is to provide great terms and superior customer service to all that work with us.

We would love the ability to talk to anyone who is interested in our service. To proceed, please contact us as soon as possible! We promise no obligations, shady tactics, just results that you can depend on!

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