HomeSafe® Proprietary Reverse Mortgages

HomeSafe® Proprietary Reverse Mortgages

Jumbo HomeSafe Program

HomeSafe® Proprietary Reverse Mortgages

The HomeSafe® proprietary reverse mortgage is a private loan for seniors through Finance of America Reverse that is not FHA-insured. HomeSafe® proprietary reverse mortgages are not bound by the HECM lending limit or standard FHA requirements; they have their own set of qualifications that differ from the FHA-insured HECM program.

The HomeSafe® proprietary reverse mortgage does have some of the same features as the FHA HECM program:

•Negative amortization


•No required monthly mortgage payments

•A line of credit could be available

As a reverse mortgage broker, we offer the HomeSafe® proprietary reverse mortgage in Oregon, Washington, Idaho, and California. If you live in or are considering moving to one of these states, reach out to us today for a custom snapshot of your options. Rates can change weekly and can affect your eligibility and benefit amount so it’s important to get updated information often.

Proprietary HomeSafe® reverse mortgages were created to meet the needs of clients who are aged 55+ and want to purchase or refinance a property that:

-Is or will be their primary residence

-Needs a loan amount of up to 4 million

-Is not FHA eligible

HomeSafe® proprietary reverse mortgages can be used to purchase or refinance a higher-valued home. 

  • Available to people 55 or older (in most states) on their primary residence
  • Lower closing costs than a traditional HECM
  • No mortgage insurance premium
  • Gain access to more equity on high-value properties
  • No capital gains tax*
  • Access all of your loan proceeds in one lump sum OR a line of credit, in some states
  • Can be used for some non-FHA-approved condo projects
  • Max loan amount of $4 million

Compared to a HECM, HomeSafe® 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 HomeSafe® proprietary reverse mortgage may be the ideal fit for you.

Wondering how much you may qualify for or if this program is a good fit for you?  Call us at 503-427-1667 to discuss or fill out the form here for an estimated loan snapshot:


Other Information:

Restrictions, terms, and conditions apply. We offer the HomeSafe® Proprietary Program in Oregon, Washington, Idaho, and California.

The HomeSafe® is Finance of America Reverse’s proprietary loan program, and it is not affiliated with the Home Equity Conversion Mortgage (HECM) loan program, which is insured by FHA. HomeSafe® 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. HomeSafe® is available only for eligible properties in select states. Please contact us to see if it is currently available in your state. Visit for more details and additional disclosures.

*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 the sale of the home. The proceeds of a loan are not taxable as income.

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© 2019 Northwest Reverse Mortgage, LLC NMLS #1834787

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

Gresham Area

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.