Reverse Mortgage Company in Olympia
Meet Jeff Mandels
Jeff Mandels
Reverse Mortgage Specialist
NMLS #220821
(206) 558-9022
Olympia, Washington Reverse Mortgage Broker
Jeff Mandels and Barrett Financial Group make one of the most experienced and dependable teams to talk with about reverse mortgages in Olympia – from Tacoma to Yelm and anywhere across Thurston County.
Jeff is one of the nice guys and a real pro of the industry.
He began working as a mortgage loan officer in 1999 and has fine tuned his knowledge and skills over more than a quarter of a century in the Seattle area.
Jeff is now a senior mortgage loan originator but his talents are not confined to helping retirees stretch their wealth in their latter years.
He loves the theatre and he is a budding playwright.
His play ‘Leaving Brooklyn’ was produced by Queens Theatre in New York in the fall of 2018!
Jeff loves sports too and when he wasn’t watching football, he was an assistant softball coach for the Special Olympics in the four years prior to COVID.
The pandemic brought Jeff to Yelm, WA when he and his wife Deb left Sammamish to buy 10 acres of horse land she named ‘Admiralty Farm’.
Deb teaches people to ride while Jeff has quickly learned how to pick stalls, fix fences and drive a tractor.
“It’s beautiful here in the county,” Jeff said.
What is a reverse mortgage?
A reverse mortgage is a brilliant financial device that can open up enormous possibilities for seniors who fear their savings won’t last their retirement.
Specifically, it is engineered towards folks who are asset rich (or at least comfortable) but find themselves cash poor.
Reverse mortgages are akin to keys that unlock the power and value of your asset.
They allow retirees to access the money they have poured into their home, while having the luxury of continuing to live in it!
How good is that?
The result is money flowing back into your pockets while you remain in your family home rather than have to consider the unpalatable thought of having to sell it, just to put food on the table.
As long as you are 62 years of age or older, you may apply for this wondrous loan product.
Homeowners can be paid in several different ways including a lump sum payment, monthly installments, a line of credit or even a combination of all three.
With money flowing back into their bank accounts, they can then consider multiple ways to enjoy it – like taking that long overdue vacation, investing in home renovations or simply spoiling the grandchildren.
One of the best things about a reverse mortgage is that as long as the terms are met, there is no need to repay it until either the homeowner sells the residence or the last surviving borrower passes away.
Properties in Olympia have enjoyed enormous appreciation in recent years and reached an average of $480,085 by December, 2025.
Housing prices are staying steady, seeing a slight increase of 0.1% over that last 12 months to $532,144 * (https://www.zillow.com/home-values/53718/olympia-wa/).
There are already 577 seniors in Olympia taking advantage of a reverse mortgage with 35 discovering its virtues in the last 12 months*.
About Olympia, Washington
Olympia, Washington is a vibrant and scenic capital city nestled at the southern tip of Puget Sound. Known for its rich history, thriving arts community, and access to abundant natural beauty, Olympia offers residents a welcoming atmosphere with small-city charm and big-city amenities. From waterfront views to lively downtown streets, this city blends community pride with a deep connection to the Pacific Northwest.
At the heart of Olympia is the State Capitol campus, a beautifully landscaped civic space where residents enjoy public events, peaceful grounds, and views of the Olympic Mountains and Puget Sound. Downtown Olympia is full of local breweries, farm-to-table restaurants, quirky shops, and walkable streets that come alive during seasonal markets, concerts, and festivals. The city’s cultural scene thrives with art walks, live performances at local theaters, and galleries showcasing Pacific Northwest talent.
Outdoor recreation is a major draw in Olympia. The city’s location makes it easy to explore Budd Inlet along the waterfront, hike the trails through Capitol Forest, or kayak and paddleboard on nearby lakes and waterways. With mild, four-season weather and parks around nearly every corner, residents enjoy a healthy, nature-oriented lifestyle without sacrificing urban convenience.
As a reverse mortgage loan officer serving Olympia, I help homeowners access the equity in their homes to support a retirement lifestyle that fits their goals. Whether you’re looking to stay in the community you love, cover healthcare costs, travel, or simply enjoy more financial flexibility, I provide personalized guidance tailored to your needs. In a city as beautiful, active, and community-minded as Olympia, your home can be both a sanctuary and a resource for the retirement you envision.
Contact your Olympia reverse mortgage lender today.
Jeff and his Barrett Financial Group team are ready and waiting to discuss the pros and cons of a reverse mortgage with anyone in the Seattle area who thinks it may benefit them.
Please call Jeff at (206) 558-9022 for a no-obligation assessment of your position.
*As of December 2025
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