The Jumbo Reverse Loan is similar to home equity loans offered by banks. The benefit is a function of the home value and age with no income qualification. No repayment is required until the borrower permanently moves out of the home.

With higher lending limits, some borrowers may benefit with additional funds by refinancing their existing HECM Reverse Mortgage.

The HECM for Purchase allows the home buyer to purchase their new home with a FHA loan that not only allows them to live without any monthly mortgage payments but also allows them to keep a substantial portion of the purchase price in cash for their use.

The adjustable rate HECM is government insured mortgage offered at lower interest rates. It may provide you with greater flexibility, because it generally provides more options for you to receive your reverse mortgage proceeds.

This option is available for a borrower who is concerned about more accurately predicting the amount of equity remaining in their home value for their heirs.

Government insured program provides cash, line of credit or monthly income subject to HUD/FHA lending limits for a fixed term or as long as you live in your home.