Platinum Proprietary Program

Platinum Proprietary Program

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Our Platinum Proprietary Program

Proprietary reverse mortgages are loan programs offered by some lenders and are not FHA-insured. They are not bound by county lending limits or standard FHA requirements but do have their own set of qualifications that differ from the FHA-insured HECM program. They do have some of the same features as a standard HECM as they are a negatively amortizing, non-recourse loan with no required monthly mortgage payments. Learn more about our Platinum Proprietary Program below:

The Platinum Proprietary Program can be used to purchase or refinance a home valued up to 4 million. 

  • Available to people 55 or older on their primary residence
  • Lower closing costs than a traditional HECM
  • No mortgage insurance premium
  • Can be used for some non-FHA-approved condo projects
  • Max loan amount is up to 4 million
  • No required monthly mortgage payments
  • Non-recourse Loan
  • Line of credit feature available in some states
  • Only available on homes valued at $450,000 or more.

Compared to a HECM, Platinum has low upfront costs and no mortgage insurance premiums, which can save clients thousands over the life of the loan. With similar borrower protections as the standard HECM and fewer restrictions, the Platinum Proprietary Program may be the ideal fit for you.

Wondering how much you may qualify for or if this program is a good fit for you?  Click Here to see if you’re eligible or reach out via Text, Phone, Email, or Mail at our contact info below.

Other Information:

Restrictions, terms, and conditions apply. We offer the Platinum Proprietary Program in Oregon, Washington, Idaho, and California. The Line of Credit feature is not yet available in Washington.

Platinum Program is Longbridge Financial LLC’s proprietary loan program, and it is not affiliated with the Home Equity Conversion Mortgage (HECM) loan program, which is insured by FHA. Platinum is available to qualified borrowers who may also be eligible for FHA’s HECM program or are seeking loan proceeds that are higher than FHA’s HECM program limit. Platinum currently is available only for eligible properties in select states. Please contact us to see if it is currently available in your state. Visit for details and additional disclosures.

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© 2019 Northwest Reverse Mortgage, LLC NMLS #1834787
Idaho Branch #2123574

Licensed in Oregon, Washington, California and Idaho

Office: (800) 806-1472
Toll Free: (800) 806-1472
Fax: (541) 253-4370

Central/Southern Oregon Contact:


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Contact Us

Northwest Reverse Mortgage
10121 SE Sunnyside Rd
Ste 300
Clackamas, OR 97015
Phone: (503) 427-1667

Idaho Branch
950 W Bannock St
Suite 1100
Boise, ID 83702
Phone: (208) 635-0806

California Branch
17901 Von Karman Avenue
Ste 642
Irvine, CA 92614
Phone: (650) 844-6655

Washington Branch
707 S. Grady Way
Ste 600, Office 6100
Renton, WA 98057
Phone: (253) 237-1996

Gresham Area
Proud Partner with box175

Northwest Reverse Mortgage, LLC. ML- 5797/ CL-1834787/ DFPI# 60DBO-140333. Equal Opportunity Mortgage Broker licensed in Oregon, Washington, Idaho and California. Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. Credit on approval. Terms subject to change without notice. Not a commitment to lend. Contents not provided by, or approved by FHA, HUD or any other government agency. All potential tax benefits should be verified with a professional licensed tax advisor. NMLS Consumer Access

At the conclusion of a reverse mortgage, the borrower must repay the loan and may have to sell the home or repay the loan from other proceeds; charges will be assessed with the loan, including an origination fee, closing costs, mortgage insurance premiums and servicing fees; the loan balance grows over time and interest is charged on the outstanding balance; the borrower remains responsible for property taxes, hazard insurance and home maintenance, and failure to pay these amounts may result in the loss of the home; interest on a reverse mortgage is not tax deductible until the borrower makes partial or full re-payment.