Do you own a MORE EXPENSIVE HOME than the FHA value limit of $625,500? You may now enjoy the benefit of Accessing the Cash Locked up in your Home Equity,and with NO MONTHLY MORTGAGE PAYMENTS required!

The JUMBO REVERSE is for homeowners who are not eligible for the federally insured Reverse Mortgage program known as the Home Equity Conversion Mortgage or HECM.  They may owe too much to refinance their current loan with a HECM Reverse Mortgage, they may want to pull more cash out than is otherwise allowed, or their property cannot be FHA approved.


Have you found yourself HOUSE RICH & CASH POOR?

With a JUMBO REVERSE you may be able to receive

Up to $2.5 Million in CASH!

This is non-taxable cash and does not affect Social Security or Medicare benefits.





Eligibility, Terms and Conditions:

  • All Borrowers must be at least 62
  • Loan amount is based on: Age of youngest borrower; The lesser of the Appraised Value; Lender Approved Limit (Minimum $500k Value)
  • Not an FHA insured Loan
  • No mortgage insurance
  • No prepayment penalty
  • Fixed Rate, lump sum loan
  • A Non-borrowing spouse may not stay in the property under the terms of the reverse mortgage (unlike a HECM loan) if the borrowing spouse dies or permanently moves to another living arrangement. The loan becomes due and payable at that time.
  • The JUMBO REVERSE mortgage loan becomes due (along with accrued interest) when the last borrower on title no longer occupies the property as their primary residence.


  • Owner occupied, principle residence
  • Single Family Home
  • 2 Units max
  • Condo <$500k must be in an FHA approved project
  • Condo >$500k will be reviewed on a spot loan basis
  • New Constructions with certificate of occupancy


Required Counseling:

Borrower must pay out-of-pocket for their own counseling at the time it takes place.

Two Counseling Sessions may be required in some cases:

  1. A HECM counseling session with an approved FHA counselor.
  2. JUMBO REVERSE counseling follows after lender’s preliminary approval. This is specifically tailored to answer questions about this product as different from a HECM.

Financial Assessment:

All borrowers will go through a review of income and asset verification. This cash flow/residual income analysis determines the borrower’s capacity to meet documented financial obligations. This includes the capacity to pay property taxes, hazard insurance, any HOA or other property assessments with his or her documented income.

JUMBO REVERSE for Purchase Transaction:

  1. Borrower must occupy home within 60 days of closing
  2. Repairs must be completed and paid for by the seller prior to closing
  3. Loan is based on:

*Age of youngest borrower

*Current interest rates

*Lowest of the following: Appraised value – if 2 appraisals;   Lower of 2 is used;   Sales Price; Lender adjusted value



Rates, terms and conditions are subject to change without notice. This is not a commitment to lend. Additional requirements not outlined herein may apply due to individual circumstances. It is important to consult your legal and financial advisors before applying for a Reverse Mortgage; and to consider all options available to you!

A JUMBO REVERSE may be just what you have been looking for to gain freedom from monthly mortgage payments and provide the cash you need for what’s important to you!