991 NE 3rd St,

Prineville, OR 97754

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 financial products that allow homeowners aged 62 or older to convert a portion of their home equity into cash without having to sell their home or make monthly mortgage payments. The loan is repaid when the homeowner sells the home, permanently moves out, or passes away. Reverse loans can provide seniors with a steady stream of income, help them pay for medical expenses or home improvements, and allow them to stay in their homes as they age. Ideal candidates for reverse loans are homeowners who have significant equity in their homes, who want to supplement their retirement income, and who plan to stay in their homes for the foreseeable future.
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.

  • We offer various loan options that cater to the specific needs of our clients, such as fixed-rate or adjustable-rate loans.
  • Our clients enjoy more flexibility in choosing a loan that suits their financial situation.
  • Reverse loans can also be used to provide financial support for family members, such as helping to pay for education expenses or providing a down payment on a home.
  • Our Prineville branch is a full-service mortgage lender that serves the Central Oregon region. With a team of experienced loan officers and a commitment to exceptional customer service, Mann Mortgage is a trusted name in the industry.
  • One of the towns that the Prineville branch of Mann Mortgage serves is Powell Butte.

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 amount of money you can get with a reverse mortgage loan depends on several factors, including your age, the current interest rate, and the value of your home. Usually, the older you are and the more valuable your home, the more money you can receive.
The main benefit of a reverse mortgage loan is that it allows homeowners to access the equity in their homes without having to sell their homes or make monthly mortgage payments. This can provide financial flexibility and stability for seniors who may be on a fixed income or need extra cash for unexpected expenses. Additionally, the loan proceeds are tax-free and can be used for any purpose.
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.