Jumbo HomeSafe Can be used to refinance or purchase higher valued homes.
- All borrowers must be 62
- Gain access to more equity on high-value properties
- No mortgage insurance required
- No capital gains tax*
- Access all of your loan proceeds in one lump sum
Wondering how much you may qualify for or if this program is a good fit for you? Call us today at 503-427-1667 or Click Here to find out if you are eligible.
*Capital gains taxes are only due upon a sale. A Jumbo Reverse Mortgage is a loan, secured by a mortgage on your home, and does not require sale of the home. The proceeds of a loan are not taxable as income.
Who should consider a proprietary reverse mortgage?
-People with higher valued properties or who are shopping for properties valued more than the FHA county lending limit.
-Properties that are not FHA eligible