JUMBO REVERSE MORTGAGE

VA loans

JUMBO Reverse Mortgage

Introducing a powerful new jumbo reverse mortgage that allows your clients to maximize home equity.
Now, our clients age 62 and older who either own or are looking to purchase a property can access more of their home equity.

Get a Free No-Obligation Reverse Mortgage Consultation

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VA loans

WHAT JUMBO REVERSE MORTGAGE OFFERS?

It offers the following unique advantages over a Home Equity Conversion Mortgage (HECM):

  • Loan amounts of up to $3 million - significantly higher than a HECM allows
  • No mortgage insurance premium
  • No initial disbursement limitation - they take the full amount at closing
  • Condominiums appraised at $500,000 or more do not require FHA approval
  • If they're buying a house or condo, seller concessions and lender credits are allowed
  • *All funds and proceeds are tax free.
mortgage loans
  • 1

    Fixed interest rate

    Clients can use the proceeds to pay off existing mortgage debt, to eliminate monthly mortgage payments and improve cash flow.

  • 2

    Lump-sum draw

    Clients can use this feature to buy a more suitable house or condo in an upscale area or active lifestyle community.

  • 3

    Making it simple

    If clients do not wish to purchase a property, they can always use the proceeds for home improvements, cover medical or in-home care expenses, or even refinance an existing reverse mortgage to access a larger pool of funds.