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Jumbo Reverse Mortgages are available in California, Nevada, New York & multiple states

  • This new proprietary, non-FHA Jumbo Reverse Mortgage called “HomeSafe,” is available in these states: · Arizona · California · Colorado · Connecticut · District of Columbia  ·  Florida · Hawaii · Georgia· Idaho · Illinois · Louisiana ·  New Jersey · Oregon ·Pennsylvania · Rhode Island · South Carolina · Texas  ·  Virginia  ·  Washington · New York
  • HomeSafe Select is currently available in California and Florida (line of credit option)
  • HomeSafe Second is available in California ·  Florida ·  Texas ·  South Carolina
  •  Maximum principal limit is $4 million
  • No restriction to cash draw in first year
  • “Equity Elite” by Reverse Mortgage Funding, LLC “RMF” available for borrower’s age 60 + in California, Nevada, Oregon, Washington, Montana, Arizona, Colorado, New Mexico, Illinois, Michigan, Ohio, Pennsylvania, New Jersey, Rhode Island, Connecticut, Virginia, South Carolina, Georgia & Florida. Equity Elite is available for age 62+ in Utah, Texas and North Carolina
  • It has a fixed interest rate lump sum option and variable rate line of credit option (in limited states- HomeSafe option only) – call for detailed interest rate structure
  • There is no mortgage insurance premium (mip)
  • Non-FHA approved condos valued over $500,000 that pass the spot condo requirements will be eligible
  • Available for Reverse Mortgage for Home Purchase
  • New Construction is acceptable
  • Reverse Mortgage Counseling is required.
  • Financial Assessment must be completed.
  • Call to have your scenario run through our Jumbo Reverse Mortgage Calculator

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