Single-Purpose Reverse Mortgage

What is it?

DirectLenderMatch classifies Single-Purpose Reverse Mortgage under the financing form “Reverse mortgage.” Its typical use in this directory is: Public/nonprofit reverse mortgage for specified purpose.

How does it work?

The structure is generally evaluated, supported, or secured using the following basis: Home equity; program-specific use. Exact underwriting, eligibility, terms, and availability are provider-specific and can change.

What can it be used for?

Public/nonprofit reverse mortgage for specified purpose.

What backs or supports it?

Home equity; program-specific use.

Why does this structure exist?

This structure provides a defined way to address the financing need described above. The provider, transaction, collateral, and underwriting context determine how the structure is implemented in practice.

Important considerations

Confirm current costs, risks, licensing, eligibility, collateral treatment, recourse, tax consequences, and availability directly with the provider and appropriate professional advisers. DirectLenderMatch does not compare rates or recommend products.

Is this actually a loan?

Loan or credit structure

Workbook classification: Yes. Financing forms such as leases, purchases, shared equity, advances, and guarantees may solve a funding need without being conventional loans.

Verified lenders or providers

State government direct property-tax deferral lender

Oregon Department of Revenue

Oregon's current Senior and Disabled Property Tax Deferral program lets eligible homeowners borrow from the State to pay property taxes; the State records a lien and becomes a security-interest holder.

Official evidence page →

Last verified: 2026-08-23