Reverse Mortgage Jumbo

Quick Facts

HECM (Home Equity Conversion Mortgage) Loan – also known as a Reverse Mortgage – can be an important financial option for seniors, their family members, and financial professionals to consider as part of an overall retirement planning strategy or to help meet cash flow needs.
Over the Past 50+ years the Reverse Mortgage has positively grown in popularity and has developed into an intelligent option to increase the financial independence for homeowners 62 years of age or older.


  • No Monthly Mortgage Payment
  • Allows you to stay and age in the comfort of your home and maintain the title
  • Turn your home's equity into cash that you can access
  • The available funds from your Reverse Mortgage line of credit that are not used, is guaranteed to grow annually
  • A Non-Recourse Loan since it’s Federally Insured by FHA (Federal Housing Administration)

Eligible Homes

  • Single Family Residence
  • Townhome
  • 2-4 Unit Owner Occupied
  • Manufactured Home that meets FHA requirements

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HomeSafe – The Jumbo proprietary Reverse Mortgage by Finance of America Reverse

Introducing the powerful NEW HomeSafe® product options that allows you to maximize your homes equity: the HomeSafe reverse mortgage, exclusively from Finance of America Reverse LLC (FAR). Homeowners age 62 or older who either own or are looking to purchase a property with maximum loan amounts up to $4 million can access more of their home equity.

HomeSafe offers these exceptional advantages over a Home Equity Conversion Mortgage (HECM) aka Reverse Mortgage.

  • Loan amounts of up to $4 million—significantly higher than a HECM allows.
  • No mortgage insurance premium.
  • Condominiums appraised at $500,000 or more do not require FHA approval.
  • Improved product restructuring allows homes valued at more than FHA’s HECM loan limit of $726,525 to potentially qualify for FAR’s HomeSafe jumbo reverse loan.
  • No out-of-pocket funds required at closing. (Does not apply to Purchase.)

Why get a HomeSafe Jumbo Reverse Mortgage:

  • When the value of your home exceeds $726,525 (FHA’s current Reverse Mortgage Max)
  • Jumbo loan amounts that offers a competitive fixed interest rate and a lump-sum draw.
  • As with traditional mortgages and HECMs, borrowers can use the proceeds to pay off existing mortgage debt, eliminate monthly mortgage payments. and to pay for home improvements, medical bills, or in-home care expenses.
  • You can also use the funds to buy a house or condo or to refinance an existing reverse mortgage to access a larger pool of funds.

NEW HomeSafe Flex

  • The primary benefit of the Flex is that the borrower has access to future funds! They pay no interest on the amounts until the payments are received. The borrower can protect their home equity longer if they have no immediate need for the full lump sum.
  • Allows a minimum draw of at least 60% of the principal limit at closing, with an option to take the remainder of the proceeds as a fixed rate term payment over a 12-60 month period. This helps borrowers maintain a consistent cash flow for up to 5 years post-closing.