Disclosures

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Home Mortgage Disclosure Act Notice 

The HMDA data about our residential mortgage lending are available online for review.  The data show geographic distribution of loans and applications; ethnicity, race, sex, age and income of applicants and borrowers; and information about loan approvals and denials.  HMDA data for many other financial institutions are also available online.

For more information, visit the Consumer Financial Protection Bureau’s web site: www.consumerfinance.gov/hmda

HOME TRUST is an Equal Housing Opportunity company. In accordance with the Equal Housing Opportunity Act, HOME TRUST does not discriminate against any applicant on the basis of race, color, religion, creed, national origin, ancestry, sex, marital status, familial status (number and age of children), sexual orientation, age (provided that the applicant has the capacity to enter into a binding agreement) medical history, disability, physical condition, military status; because the applicant has in good faith exercised any right under the Consumer Credit Protection Act or the Service Members Civil Relief Act (SCRA); that all or part of a consumer income derives from a public assistance program or any other basis prohibited by law.

Listings found on this website are not endorsements, recommendations, or favoring of Eyal Tropen. Eyal Tropen is not a Real Estate Broker. Properties shown in the Real Estate Links provided are not being sold by Eyal Tropen.

Reverse mortgages (Home Equity Conversion Loans – HECM) are loans offered to homeowners who are 62 or older who have equity in their homes. The loan programs allow borrowers to defer payment on the loans until they pass away, sell the home, or move out. Homeowners, however, remain responsible for the payment of taxes, insurance, maintenance, and other items. Nonpayment of these items can lead to a default under the loan terms and the ultimate loss of the home. FHA-insured reverse mortgages have an upfront and ongoing cost; ask your loan officer for details. These materials are not from, nor approved by HUD, FHA, or any governing agency.

  • At the conclusion of the term of the reverse mortgage loan contract, some or all of the equity in the property that is the subject of the reverse mortgage no longer belongs to the person, and the person may need to sell or transfer the property to repay the proceeds of the reverse mortgage from the proceeds of the sale or transfer or the person must otherwise repay the reverse mortgage with interest from the person’s other assets.
  • The lender will charge an origination fee, a mortgage insurance premium, closing costs, or servicing fees for the reverse mortgage, all or any of which the lender will add to the balance of the reverse mortgage loan.
  • The balance of the reverse mortgage loan grows over time and the lender charges interest on the outstanding loan balance.
  • The person retains title to the property that is the subject of the reverse mortgage until the person sells or transfers the property and is therefore responsible for paying property taxes, insurance, maintenance, and related taxes. Failing to pay these amounts may cause the reverse mortgage loan to become due immediately.
  •  Interest on a reverse mortgage is not deductible from the person’s income tax return until the person repays all or part of the reverse mortgage loan.
  • Under Oregon ORS 311. 700 (2), homesteads that are a part of the senior property tax deferral revolving account cannot be pledged as security for a reverse mortgage. 

Annual Percentage Rates (APR) shown as of June 27th, 2023, subject to change without notice.
For specific loan scenario questions please reach out to your Home Trust loan advisor.
APR = Annual Percentage Rate.

  • 30 Year Fixed: Loan amount $300,000 at 6.523% APR, 20% down, monthly payment without taxes and insurance is $1,896.
  • 15 Year Fixed: Loan amount $300,000 at 6.250% APR, 20% down, monthly payment without taxes and insurance is $2,592.
  • FHA 30 Year Fixed: Loan amount $300,000 ($305,441 with Upfront Mortgage Insurance) at 6.837% APR, 3.5% down, monthly payment without taxes and insurance is $1,855. FHA monthly MI is $140.
  • VA 30 Year Fixed: Loan amount $300,000 ($306,450 with Financed Funding Fee) at 6.453% APR, 0% down, monthly payment without taxes and insurance is $1,887.
  • USDA 30 Year Fixed: Loan amount $300,000 ($303,030 with Loan Guarantee Fee) at 6.698% APR, 0% down, monthly payment without taxes and insurance is $1,954.
  • Jumbo 30 Year Fixed: Loan amount $1,000,000 at 7.066% APR, 20% down, monthly payment without taxes and insurance is $6,569.