A jumbo reverse mortgage, also called a proprietary reverse mortgage, is a specialty reverse loan for homeowners with high-value homes that have a larger amount of equity to tap into. This applies to homes valued above the current Home Equity Conversion Mortgage (HECM) limit of $970,800.
A jumbo reverse mortgage is a great way for older homeowners to supplement their retirement income. If you are 62 years of age or older and have equity in your home, a jumbo reverse mortgage could be right for you.
Our team is here to help, so please contact our jumbo reverse mortgage specialists if you have any questions or to see if you qualify!