Not All People in Portland Oregon Can Apply to get a Reverse Mortgage. There are particular requirements you must satisfy in order to be qualified to apply for a reverse mortgage. The most popular type of a reverse mortgage is known as Home Equity Conversion Mortgage (HECM). The Federal Housing Administration (FHA), a segment of the Department of Housing and Urban Development (HUD), insures HECMs. Note: This website offers the specifics of HECMs, which are the most common form of reverse mortgage loan. To qualify and apply for a reverse mortgage in Portland OR: • You must be no less than 62 years old. • Your property needs to be…