Reverse Mortgage Company in Yelm
Meet Jeff Mandels
Jeff Mandels
Reverse Mortgage Specialist
NMLS #220821
(206) 558-9022
Yelm, 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 Yelm – from Tacoma to Centralia 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 Yelm have enjoyed enormous appreciation in recent years and reached an average of $480,085 by December, 2025.
While prices have plateaued of late, that figure represents an increase of almost 100% since 2017* (https://www.zillow.com/home-values/55282/yelm-wa/).
There are already 227 seniors in Yelm taking advantage of a reverse mortgage with 12 discovering its virtues in the last 12 months*.
About Yelm, Washington
The name Yelm is believed to be derived from the Coast Salish word ‘shelm’ or ‘chelm’, meaning ‘heat waves from the sun’ or ‘mirages of heat’.
This is despite the city’s hottest month of August only producing an average maximum of 80°F.
However, a record temperature of 110°F was recorded as recently as June 28, 2021.
Nicknamed the ‘Pride of the Prairie’, sheep farmers were lured to the Yelm region in the 1850s with agriculture and forestry soon at the forefront of local industry.
By 1916, the now abandoned Yelm Ditch was created to foster commercial production of beans, cucumbers and berries.
But its output remained modest and Yelm’s population didn’t surpass 2000 people until around 1995.
The arrival of the 21st century changed all of that when the town suddenly became one of the 10 fastest growing in the state.
More than 10,000 people now call Yelm home, many working in nearby Tacoma, Olympia and Centralia.
Yelm City Park was donated by Chuck and Wilma Demich in 1950 and acts as a giant recreational hub for locals as well as hosting regular community events including Christmas in the Park.
The 15-mile drive to Deschutes Falls Park is a favorite for visitors, offering hikers stunning views of the 25-foot waterfall.
Contact your Yelm 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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