Welcome home
30076 SE Cemetery Rd Estacada, OR 97023
Buy the Home without monthly mortgage payments*
If you're 62 or older and ready to buy a home, there's a mortgage option most people have never heard of:
Home Equity Conversion Mortgage (HECM) for Purchase.
The Simple Breakdown
Paying all cash:
-Use all your home sale proceeds
-No mortgage payment (great!)
-But your savings and emergency fund could take a major hit
-Less flexibility for healthcare, travel, or unexpected expenses
Traditional mortgage:
-Small down payment
-Keep more cash on hand
-But you're stuck with monthly mortgage payments for decades
HECM for Purchase:
-Larger down payment (about seventy percent)
-Monthly mortgage payment: $0
-Keep a healthy chunk of cash for retirement
Best of both worlds—no monthly mortgage payment AND financial cushion
You pay more upfront than a traditional mortgage, but less than paying all cash. And you eliminate the monthly mortgage payment that drains your income while keeping money in reserve.
Considerations:
-You'll still pay property taxes, insurance, and HOA fees (if any).
But no monthly mortgage payment AND cash reserves? That's a game-changer for retirement.
Debbie and Greg's Story
Debbie and Greg wanted to downsize after all their kids got houses of their own. They sold their older 2 story home in Hillsboro and found the perfect country home near their kids and grandkids.
They had three options:
Pay all cash - Safe, but they'd have almost nothing left for emergencies
Traditional mortgage - Keep more cash, but monthly mortgage payments would stress their monthly income
HECM for Purchase - Put down about 70%, finance the rest with no monthly mortgage payments, keep plenty of cash for life
They chose option three.
Now they have:
Zero monthly mortgage payments
A solid emergency fund
Peace of mind
More money for travel and grandkids
That's the power of buying smart in retirement.
But What Happens Later?
When you eventually sell the home or move, the loan gets repaid from the sale proceeds. Any leftover equity is yours (or goes to your heirs).
Information For Home Equity Conversion Mortgage Loans: When the loan is due and payable, some or all of the equity in the property that is the subject of the Home Equity Conversion Mortgage no longer belongs to borrowers, who may need to sell the home or otherwise repay the loan with interest from other proceeds. The lender may charge an origination fee, mortgage insurance premium, closing costs and servicing fees (added to the balance of the loan). The balance of the loan grows over time and the lender charges interest on the balance. Borrowers are responsible for paying property taxes, homeowner’s insurance, maintenance, and related taxes (which may be substantial). We do not establish an escrow account for disbursements of these payments. A set-aside account can be set up to pay taxes and insurance and may be required in some cases. Borrowers must occupy home as their primary residence and pay for ongoing maintenance; otherwise the loan becomes due and payable. The loan also becomes due and payable (and the property may be subject to a tax lien, other encumbrance, or foreclosure) when the last borrower, or eligible non-borrowing surviving spouse, dies, sells the home, permanently moves out, defaults on taxes, insurance payments, or maintenance, or does not otherwise comply with the loan terms. Interest is not tax-deductible until the loan is partially or fully repaid. These materials are not from HUD or FHA and were not approved by HUD or a government agency.
The content provided within this website is presented for information purposes only. This is
not a commitment to lend or extend credit. Information and/or dates are subject to change
without notice. All loans are subject to credit approval. Other restrictions may apply. See
important disclosures in Reverse Mortgage Notices.
*Home Equity Conversion Mortgage (HECM) reverse-mortgage program insured by FHA. This program allows eligible borrowers to combine a substantial down payment (approximately 70%) with HECM financing and have no required monthly mortgage payments. Borrowers must occupy the property as
their primary residence and remain current on property taxes, homeowners insurance, and HOA dues (if applicable). See Important Disclosures.
Who Is This For?
This works great if you:
Are age 62+
Have cash from selling a previous home
Want to downsize or relocate
Don't want to drain your savings OR make monthly mortgage payments
Is This Right for You?
If you're thinking about buying a home and you don't want to choose between draining your savings or taking on monthly payments, let's talk.
One conversation could change how you approach the next chapter of your life.
Stunning Features Of This Home
● Custom ranch style home on 5.32 Acres ready for accessible improvements. Home includes extra framing in bathroom walls for support rails, heated floor in primary bathroom and low step in primary shower.
●2024 Annual property tax amount: $5,093
●Est. Homeowners Insurance: $333 per month (Zillow)
●No HOA
o Equipped for aging-in-place renovations.
o Shower is a Wetti System.
●Wide halls and doorways and low or no threshold access points.
●Heat pump for heat and cooling
o Fireplace can be used for heat also
● Hard floors throughout the house with tile in bathrooms only.
● Septic System is a Sinclair which is a mini sewer treatment plant.
o Serviced by A&B Septic.
o Costs about $350 yearly with (2) yearly service checks.
o A&B Septic submits the required recap about the system to Clackamas County in November.
o The new owner can take over the contract with A&B. The sellers find this company to be the best value for these services in the area.
● The kitchen has granite countertops with soft close drawers.
●Bathroom vanities have marble countertops with soft close drawers.
● The french doors to patio from living area and primary bedroom have built-in blinds.
● 400-amp service on the property with 200 amps for house and 200 amps for shop.
● The 40x48 shop has 2 automatic, 16-foot doors (12 feet wide).
● A manual generator (ala a gas powered Honda, etc) can be added to the
electrical panel to power the house.
●Outside RV parking with 50 amp hook up on left side and 30 amp available on
right side of shop.
o Large loft deck with steps inside the shop for extra storage.
o Water available in the shop.
● The private well is 160 feet deep.
● Property can have a 900 sq ft AUD added per Clackamas County.
o Can be added to an existing building or be a separate, stand-alone building.
o Property is currently in unincorporated Clackamas County.
o ADU can be added to existing septic system and water can be connected to city water. Neighbors to the left (when you drive in)
were recently incorporated into City of Estacada and added city services.
o Buyer to perform all due diligence about possibilities and feasibility of addition of ADU to property with Clackamas County.
● Property is in a timber deferral, which lowers the property taxes about 30-40% per year. The requirement is 2+ areas of
maintained timber on land.
o Property is not ideal to be logged.
o For any trees that are cleared, must be replaced with 200 trees/acre.
o According to the sellers, the timber deferral stays with the property.
o Buyer to perform due diligence about timber deferral and any
requirements to maintain/keep it.
● Driveway:
o 40’ of driveway is a city road. You’ll see where Cemetery Road
“ends” where the red markers are just past the shop (left side).
o You cannot park in front of the red markers or store anything there (boats, equipment, etc)
as it is city property.
o The driveway itself is 12’ wide and begins where the pavement
ends/gravel begins.
o Sellers maintain their half of the driveway.
● Currin Creek runs in the bottom of the property. There’s also a private
pond on the property.
Listing agent is Jennifer Schurter, Real Broker. You can access the full listing on her website here:
Riley Anderson, Senior Mortgage Broker and Partner
NMLS #1994195
704 Main St Suite 200
Oregon City, OR 97045
Local: 503-339-2343 ~ Toll-Free 888-256-4654
MEET THE FOUNDER & CEO of Freestone Mortgage
Guiding You On Building Wealth Through Homeownership
Riley Anderson is a dedicated mortgage professional and the founder of Freestone Mortgage LLC, where he specializes in providing customized mortgage solutions tailored to meet the diverse needs of clients. Riley has a deep understanding of various loan programs, market trends, and financial strategies. His commitment to excellence is evident in his approach to client relationships, where he prioritizes transparency, reliability, and personalized service. Riley's knowledge allows him to guide clients through every step of the mortgage process, ensuring they make informed decisions that align with their financial goals.
With a proven track record of success and a passion for helping individuals and families achieve their homeownership dreams, Riley Anderson is a trusted resource in the mortgage industry.
Tailored Service
Data-Driven Guidance
Lifetime Support
OUR MISSION: Your Wealth, Your Way
At Freestone Mortgage, our mission is to empower your wealth-building through homeownership journey with a holistic approach that blends transparent financial insight with real-life lifestyle goals.
We harness innovative technology and deliver personalized education to help you make confident, data-driven decisions for a secure, fulfilling life.
Rooted in the heart of the Pacific Northwest, we’re more than a mortgage provider: we’re a trusted guide dedicated to building brighter, more resilient futures for our community.
TESTIMONIALS
What others are saying
— Ari G.
Riley is great to work with-very easy to reach and a fantastic communicator. He explained all our options really clearly, and kept things moving at a pace we were comfortable with. Riley will look out for your best interest and be honest about the best options for you-definitely give him a try! I look forward to working with him in years to come.
— Ethan P.
I had a great experience meeting with Riley at Freestone Mortgage in Oregon City. I wasn’t quite ready to start the buying process yet, but wanted to get a clear picture of what it would take for me and my family to afford a home. Riley took the time to walk me through the details, answer all my questions, and explain everything in a way that made sense. I never felt rushed or pressured. I left the meeting feeling more confident about my future options. I highly recommend Riley and the team at Freestone Mortgage!
— Zach S.
Riley at Freestone Mortgage was awesome — super fast at closing, always easy to get a hold of, and made the whole process smooth and stress-free. Highly recommend!
— Barbara C.
Outstanding Mortgage Experience with Riley Anderson @ Freestone Mortgage!
I recently completed a mortgage transaction with Riley Anderson @ Freestone Mortgage and I couldn't be more pleased with the experience. From start to finish, the process was smooth, transparent and stress-free. The team was incredibly knowledgeable, responsive and patient with me--answering all of my questions and guiding me through every step of the way with clarity and confidence. They secured a competitive rate, kept me informed at every stage and ensured we closed right on schedule. What really stood out was their professionalism and genuine commitment to making the process as easy and efficient as possible.
Whether you're a first time homebuyer or refinancing, I highly recommend Riley Anderson @ Freestone Mortgage for any mortgage needs. The truly go above and beyond.
— Casey L.
We had a fantastic experience working with Riley during the mortgage process. He was professional, kind, and patient—exactly what we needed while navigating something as overwhelming as buying a home. Riley was always quick to respond to our questions, no matter how small, and his knowledge made us feel confident every step of the way. We truly appreciated his guidance and support, particularly as we were comparing other mortgage lenders and had less than positive experiences elsewhere. Highly recommend!
— Vanessa P.
We’ve had the pleasure of working with Riley on two separate transactions, and each experience has been outstanding. Riley is consistently professional, provides timely updates, and maintains excellent communication throughout the process. His dedication and reliability make him our go-to Loan Officer—we wouldn’t consider working with anyone else.
NMLS #2613454
704 Main St Suite 200
Oregon City, OR 97045
Equal Opportunity Mortgage Broker.
The sample rates provided are for illustration purposes only and are not intended to provide mortgage or other financial advice specific to the circumstances of any individual and should not be relied upon in that regard. Freestone Mortgage LLC cannot predict where rates will be in the future. The payment example does not include assessments. Actual payment obligations may be greater and may vary. Mortgage Insurance Premium (MIP) is required for all FHA loans, and Private Mortgage Insurance (PMI) is required for all conventional loans where the LTV is greater than 80%. Rate(s), APR(s) and payment info is valid as of 9/15/2025 and assumes a first lien position, 740 FICO score, 30-day rate lock, based on a single-family home. Loans are subject to underwriting guidelines and the applicant’s credit profiles, not all applicants will receive approval. Available for conventional, FHA, VA, and USDA loans only. All loans subject to underwriting approval. Certain restrictions apply. Call for details.
At the conclusion of a reverse mortgage, the borrower must repay the loan and may have to sell the home or repay the loan from other proceeds; charges will be assessed with the loan, including an origination fee, closing costs, mortgage insurance premiums and servicing fees; the loan balance grows over time and interest is charged on the outstanding balance; the borrower remains responsible for property taxes, hazard insurance and home maintenance, and failure to pay these amounts may result in the loss of the home; interest on a reverse mortgage is not tax deductible until the borrower makes partial or full re-payment.
Credit on approval. Terms subject to change without notice. Contents not provided by, or approved by FHA, HUD or any other government agency. All potential tax benefits should be verified with a professional licensed tax advisor. For informational purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice.