Gresham, Troutdale and Fairview · 97030, 97080, 97060, 97024

Reverse mortgages in Gresham, explained plainly.

From Rockwood to Pleasant Valley, many Gresham homeowners want to stay close to their doctors, their church and their grandkids rather than move. If you are 62 or older, a reverse mortgage is one way to do that, and it is not the right fit for everyone. I will show you both sides in writing, with your family welcome at the table.

Call or text (971) 299-7716How it works

What I hear most

What Gresham homeowners ask me about.

Getting rid of the monthly payment

A reverse mortgage can pay off an existing mortgage so the monthly mortgage payment goes away. You still pay taxes, homeowners coverage and upkeep.

Buying one level living nearby

Stairs get harder. A HECM for Purchase can buy a single level home in east county without adding a monthly mortgage payment.

A different county calendar

Gresham is in Multnomah County, with its own tax office and deadlines. I keep track of both counties for you.

A plan the whole family understands

When adult children hear the same explanation at the same time, decisions are calmer. Video calls make that easy.

How a reverse mortgage works

The short version.

A Home Equity Conversion Mortgage, or HECM, is a loan for homeowners 62 and older. It can pay off an existing mortgage and turn part of your equity into a line of credit, monthly payments, a lump sum, or a mix. No monthly mortgage payment is required while you live in the home and meet the loan obligations.

  • You keep the title and keep living in the home as your principal residence.
  • You keep paying property taxes, homeowners coverage and upkeep.
  • The balance grows over time as interest and fees are added.
  • It is non recourse. Neither you nor your heirs owe more than the home is worth when it is sold to repay the loan.
  • Independent HUD approved counseling comes first. I give you a list of agencies, and you choose one.

Gresham resources

  • Gresham Senior Center, NE 8th Street
  • East County Library, NW Division Street
  • Multnomah County Aging, Disability and Veterans Services
  • Multnomah County Division of Assessment, Recording and Taxation, for deferral questions

Gresham is in Multnomah County

Multnomah County tax statements arrive in late October, and the first payment for the 2026 to 2027 tax year is due Monday, November 16, 2026. If the tax bill is the main strain and your household income is under the state limit, Oregon's Senior and Disabled Property Tax Deferral may cost less than a reverse mortgage. Apply through the county between January 1 and April 15. A reverse mortgage taken out today makes the home ineligible for deferral, so I walk through deferral first.

Read the deferral or reverse mortgage guide

Questions I hear most

Where can I get reverse mortgage help in Gresham, Oregon?

I work with Gresham homeowners in person and by video. I am a mortgage broker with Freestone Mortgage, so I can compare reverse mortgage programs from more than one lender. HUD approved counseling agencies also explain reverse mortgages by phone before you apply.

Is property tax deferral different in Multnomah County?

The state program is the same, but you apply through Multnomah County's Division of Assessment, Recording and Taxation between January 1 and April 15. A reverse mortgage taken out today makes the home ineligible, so it is worth comparing the two first.

Can a reverse mortgage help me buy a single level home closer to family?

Yes. A HECM for Purchase lets homeowners 62 and older buy a new principal residence with a reverse mortgage and a down payment, with no monthly mortgage payment required while loan obligations are met.

Can my children be part of the conversation?

Please include them. I welcome adult children at every meeting, in person in Gresham or on a video call from wherever they live.

Other towns: Sandy · Boring · Estacada · Gresham · Happy Valley · Molalla · all of East County and Mt. Hood

Plain language guides

Keep reading.

Property tax deferral or a reverse mortgage?The Oregon question to answer first, because the order of decisions matters.Wells, septic, acreage and manufactured homesWhat the appraiser looks at on mountain and rural property.A family guide for adult children and heirsWhat happens while your parent lives there, and after.Reverse mortgages in Sandy, the Mountain and East CountyTown by town, from Sandy to Government Camp.
Important informationThis material is not from HUD or FHA and has not been approved by HUD or any government agency. The borrower must meet all loan obligations, including living in the property as the principal residence and paying property charges, including property taxes, fees, and hazard insurance. The borrower must maintain the home. If the borrower does not meet these loan obligations, the loan will need to be repaid.

Oregon reverse mortgage summary. At the end of the loan, some or all of the equity in the home may no longer belong to the borrower, and the home may need to be sold or the loan repaid from other assets. The lender charges an origination fee, a mortgage insurance premium, closing costs or servicing fees, which may be added to the loan balance. The loan balance grows over time and interest is charged on the outstanding balance. The borrower keeps title and is responsible for property taxes, insurance, maintenance and related taxes, and failing to pay them may make the loan due immediately and may subject the property to a tax lien or foreclosure. Interest is not deductible on an income tax return until all or part of the loan is repaid. A home with a reverse mortgage taken out on or after January 1, 2017 is not eligible for Oregon's Senior and Disabled Property Tax Deferral Program.

Not a commitment to lend. All loans subject to credit approval.

Talk with Becky

Meet in Gresham, or on a video call with the whole family.

Call or text me, or send a note with a good time. Bring anyone you want in the room. Nothing is decided in the first conversation, and you will leave with answers in writing.

Call or text (971) 299-7716Email Becky