Jumbo Reverse Mortgage Loans

Proprietary reverse mortgages are privately insured by the mortgage companies that offer them. They are not subject to all the same regulations as HECMs, but as a standard best practice, most companies that offer proprietary reverse mortgages emulate the same consumer protections that are found in the HECM program, including mandatory counseling.  

These loans are sometimes to referred to as “jumbo” reverse mortgages because the borrowers may be eligible for more proceeds than they would be with an FHA-insured HECM.

Eligibility: 

  • Do you meet the following criteria? 

  • Age 60 and older (all borrowers must be age 60 or older)

  • Own your home and occupy your home as your primary residence

  • Meet loan-to-value requirements

With a Jumbo Reverse Mortgage Loan, you have access to these great features: 

  • Gain access to more equity on properties with loan amounts up to $4 million

  • No mortgage insurance required

  • Access all of your loan proceeds in one lump sum

  • Enjoy the predictability of a fixed interest rate

  • No monthly mortgage payments (Borrowers must continue to pay property taxes, homeowner’s insurance, and home maintenance costs. A reverse mortgage increases the principal mortgage loan amount and decreases home equity (it is a negative amortization loan).

To learn more about the Jumbo reverse mortgage and our other proprietary reverse mortgage offerings, please call me at 951-805-0063 or email me by clicking on the “Contact Us” button.

This information is not intended to be a substitute for legal, tax or financial advice. Consult with a qualified attorney, accountant or financial advisor for additional legal or tax advice. These materials are not from HUD or FHA and were not approved by HUD or a government agency. * There are some circumstances that will cause the loan to mature and the balance to become due and payable. The borrower(s) must continue to maintain the home as their primary residence, pay for property taxes and insurance and maintain the property to meet HUD standards or risk default. Credit is subject to age, minimum income guidelines, credit history, and property qualifications. Program rates, fees, terms, and conditions are not available in all states and subject to change.