Product · Jumbo / Proprietary Reverse
Jumbo reverse mortgages — for high-value homes.
When your home exceeds the FHA HECM lending limit, jumbo reverse mortgages unlock significantly more of your equity. Loan amounts up to $4M, property values considered up to $10M, age 55 and older.
What a jumbo reverse mortgage is
A jumbo (or proprietary) reverse mortgage is a private reverse mortgage offered by individual lenders rather than insured by the FHA. It's designed for homes valued above the FHA HECM lending limit ($1,249,125 in 2026).
Because the loan isn't FHA-insured, you avoid the FHA mortgage insurance premium that's required on a HECM — and that translates into significantly lower closing costs (as low as $125 on some programs).
Eligibility
Who jumbo programs fit
- Age 55 or older (some programs; 62+ on others — varies by lender).
- Significant equity in a higher-value home (typically $950K+ home value to make the math work).
- Primary residence — same as HECM.
- Property type: single-family, eligible townhouse or condo (FHA approval not required for jumbo).
Benefits vs HECM
Why jumbo can beat HECM for high-value homes
- Loan amounts up to $4,000,000 (vs HECM's $1.25M lending-limit ceiling).
- Property values considered up to $10,000,000.
- No first-year draw limits on most programs.
- No FHA mortgage insurance premium — substantially lower upfront cost.
- Closing costs as low as $125 on some programs.
- Flexible access options: lump sum, monthly payments, line of credit, or second-mortgage option behind an existing forward mortgage.
Run both side by side
For high-value homes the right answer is rarely "always HECM" or "always jumbo." I'll run both scenarios side by side so you choose with the full picture.