High-Value Home? Access More of What You've Built.
Jumbo reverse mortgages are designed for homeowners with higher-value properties that exceed the federal lending limit — giving you access to significantly more of your home's equity.
The reverse mortgage built for homes the HECM can't fully serve.
The two most popular types of reverse mortgages today are the FHA-insured HECM loan and the jumbo, or proprietary, reverse mortgage. While the HECM is subject to federal lending limits, the jumbo reverse mortgage is designed specifically for homeowners with higher-valued properties — allowing them to tap into considerably more of their home's value.
Jumbo reverse mortgages are private or proprietary loans, meaning the terms, conditions, and guarantees are established by the lender rather than administered by HUD. This also means they do not charge the FHA mortgage insurance premiums required on traditional HECM loans — one of the HECM's most significant closing costs.
Typically, homeowners over the age of 55 or 60 with significant equity in a higher-value home are ideal candidates. Contact Jenn today to find out if a jumbo reverse mortgage is right for your situation.
Get a no-obligation Reverse Mortgage evaluation and quote today.
What makes a jumbo reverse mortgage different.
Features and benefits vary by lender and loan product. Here are the highlights.
Higher Loan Amounts
Many jumbo reverse loans offer amounts up to $4 million, far exceeding the HECM's federal lending limit of $1,249,125.
High-Value Properties
Property values up to $10 million are considered by some lenders, making this the right fit for California's luxury home market.
No FHA Mortgage Insurance
Jumbo reverse mortgages are private loans and do not require the FHA mortgage insurance premiums that are a major cost of the traditional HECM.
No First-Year Distribution Limits
Unlike the HECM, many jumbo products do not impose restrictions on how much you can access in the first year of the loan.
Flexible Disbursement Options
Receive funds in the way that works best for your situation — lump sum, line of credit, or monthly payments depending on the product.
Lower Age Requirement
Some jumbo reverse mortgage programs are available to homeowners as young as 55 — younger than the HECM's minimum age of 62.
HECM vs. Jumbo Reverse Mortgage
Not sure which is right for you? Here's a quick side-by-side comparison.
| HECM Loan | Jumbo Reverse | |
|---|---|---|
| Insured By | FHA / HUD | Private lender |
| Max Loan Amount | Up to $1,249,125 | Up to $4,000,000 |
| Property Values | Up to FHA limit | Up to $10,000,000 |
| Minimum Age | 62 | 55 (varies by lender) |
| MIP Required | Yes — upfront + annual | No |
| First-Year Limits | Yes | Generally no |
| Non-Recourse Protection | FHA-guaranteed | Varies by lender |
Own a high-value home? Let's talk.
A jumbo reverse mortgage could unlock significantly more equity than a standard HECM. Get a free assessment from Jenn today.