Jumbo HomeSafe 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

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