574 SW 4th St,

Madras, OR 97741

Retirement just got better: tap into your home's equity with a Mann Mortgage Reverse Mortgage.

Quite possibly the most powerful & useful loan program in the world, Reverse Mortgages allow you to use your home equity as YOU see fit - while still owning it.

What are reverse mortgages?

Reverse loans, also known as reverse mortgages, are a type of loan that homeowners can avail to convert a portion of their home equity into cash without having to sell their property or make monthly payments. Instead, the loan balance accumulates over time, and the loan is repaid when the homeowner no longer occupies the property. Reverse loans have become increasingly popular in recent years due to the numerous benefits they offer, such as providing a reliable source of income, helping to pay for healthcare expenses, and allowing homeowners to stay in their homes as they age. Ideal candidates for reverse loans are typically seniors who have significant home equity, little to no mortgage debt, and a desire to supplement their retirement income.
Elderly man and woman drinking from mugs and looking at phone.

Not sure where to get started? That's okay too, we're happy to meet you where you're at and direct you to the right place or person.

Reverse Mortgages at a glance.

  • Unlike traditional mortgages, no monthly payments are required with our reverse mortgage.
  • The loan is typically repaid when the homeowner dies, sells the property, or moves out permanently.
  • If you have high-interest debt, such as credit card debt or medical bills, a reverse loan can help you pay it off.
  • By consolidating your debt into a single loan, you can simplify your finances and reduce your monthly expenses.
  • Our Madras branch serves Metolius and Culver.

Applying for a home has

never been easier

Our quick and secure process takes less than 10 minutes to apply.

Learn more about

reverse mortgages

The advantages of a reverse mortgage include providing additional income for seniors, allowing them to stay in their homes, and providing a flexible source of funds.
The amount of money you can receive from a reverse mortgage depends on a few factors, including the type of reverse mortgage, your age, the interest rate, and the value of your home.
Upfront, borrowers will pay an origination fee, closing costs, and an FHA MI fee of 2% of the home’s appraised value. Ongoing costs include an annual FHA MI of 0.5% of the outstanding loan balance. When the loan is due, the principal and interest are collected.

“I was initially apprehensive about Reverse Mortgages, but my banker recommended that I contact Mann Mortgage to discuss. We were glad we did. Our loan officer took us through the entire process, answered my numerous questions, and assured us that this product would meet our specific needs.”

Michael S.

Let's get you home.

0% down financing for homeowners 62 years and older. Our local loan experts will help guide you.

If you have a loan officer you are working with, please select them from the list below.