Proprietary HomeSafe® Reverse Mortgages

Proprietary HomeSafe® reverse mortgages are a loan program through Finance of America Reverse that is not FHA-insured. These loans are not bound by county lending limits or standard FHA requirements; they 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. We specialize in the HomeSafe® suite of products available in Oregon, California, Washington, and Idaho. 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 so it’s important to stay on top of your eligibility and benefit amount.

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 valued more than the FHA county lending limit

-Needs a loan amount of up to 4 million

-Is not FHA eligible

HomeSafe® can be used to refinance or purchase a higher-value home without the mortgage insurance of a traditional HECM.

• All borrowers must be at least 55 years old, 60 for some states/products.
• 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 OR a line of credit in some states

Announcing the new HomeSafe® Second Proprietary loan from Finance of America Reverse!

This new reverse mortgage is unlike any other! The proprietary HomeSafe® Second can be used to access equity in your home without having to pay off your first mortgage! So, instead of taking a traditional HELOC or getting a credit card, homeowners aged 55+ can now consider this option for their extra cash. We only offer the proprietary HomeSafe® Second in California for now. Learn more about the proprietary HomeSafe® Second on our website here.

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 fill out our website form.

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 https://www.far.com/solutions/homesafe/ 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.