Jumbo Reverse Mortgages: Unlock Equity in High-Value Homes

Designed for luxury and high-value properties, a Jumbo Reverse Mortgage allows you to access more of your home's equity beyond FHA lending limits to give you more financial freedom in retirement.

(These are private and non-FHA-insured programs with lender-specific terms.)

Apply For Jumbo Check Jumbo Eligibility

What is a Jumbo Reverse Mortgage?

A Jumbo Reverse Mortgage is a private reverse mortgage program built for homeowners with high-value homes that exceed FHA’s HECM limits (currently ~$1,200,000).

It works like a standard reverse mortgage: you can convert home equity into usable funds without required monthly mortgage interest payments, but it allows you to borrow far more than HECMs (larger loan amounts to people older than 55 years) with tailored terms to fit your unique financial profile.

Key Benefits of a Jumbo Reverse Mortgage

Access the equity you have worked hard to build

If your home is worth well above FHA’s limits, a Jumbo Reverse lets you unlock far more cash, without selling or downsizing. (Loan amounts vary by lender, typically capped between $4M–$10M.)

Get your money the way you want it

Need a big one-time payout? Prefer steady monthly income? Or a flexible line of credit for peace of mind? You choose what fits your retirement. Some lenders also offer partial disbursements over time to help manage interest growth.

Stay in the home you love

You have built your life here, and you don’t have to leave it. With Jumbo Reverse, you keep full ownership and the comfort of staying put.

Protect your family and your legacy

Most Jumbo Reverse programs are non-recourse, i.e., neither you nor your heirs will ever owe more than the home is worth. That’s a built-in safeguard, no matter how the market shifts.

Enjoy flexibility designed for high-value properties

Jumbo Reverse Mortgages are made for luxury homes and unique financial needs, giving you tailored terms instead of cookie-cutter FHA limits.

Common Uses of a Jumbo Reverse Mortgage

Access significant cash for retirement, investments, or estate planning
Pay off large existing mortgages to eliminate monthly interest payments
Fund your in-home care or healthcare without liquidating other assets
Support children or grandchildren with major life expenses (education, new home)
Diversify retirement income sources while keeping property ownership intact

Ways Loan Proceeds Can Be Taken

Lump Sum – Unlock a large one-time payment
Monthly Payments – Set up a steady income for a fixed period or for life (if offered)
Line of Credit – Draw funds only when you need them
Combination – Customize payouts for maximum flexibility

General Eligibility

Typically available to homeowners over 55 years of age (varies by program)
Property value above FHA loan limits (often $1,200,000+)
Must be the primary residence
Significant equity required (often 50%+)
Credit, income, and property taxes reviewed for residual income and ability to maintain home
Independent counseling may be encouraged but is not always required

Eligible Properties

Luxury single-family homes
High-value condos (non-FHA-approved condos may qualify)
2–4 unit properties, if owner-occupied
High-end manufactured homes, depending on lender rules

Here's a Sample Scenario

Home value: $2.5 million
Traditional HECM max: ~$1.2M cap
Jumbo Reverse: Unlocks $1M+ in additional borrowing power without selling or downsizing
Allows the homeowner to pay off a $600,000 mortgage and still create a retirement income stream

(All figures are illustrative; actual loan amounts depend on appraisal, age, and lender program.)

How a Jumbo Reverse
Mortgage Works

Application with TFG

We review your property value and financial profile

Appraisal & Program Match

Your home is appraised, terms tailored to fit

Underwriting & Approval

Private-market lenders structure higher loan amounts

Closing

Funds disbursed in the payout form you choose

Post-Closing

Live payment-free while maintaining ownership; continue taxes, insurance, upkeep

Real Stories from Homeowners Like You

“We built equity in our home over decades, but FHA limits capped us. TFG guided us into a Jumbo Reverse that unlocked nearly twice the amount we’d qualify for with HECM.”

Steven & Margaret T.

California

“The process was smooth, and we were able to use part of our equity for estate planning while still staying in the home we love.”

Michael P.

Florida

Frequently asked questions

How is a Jumbo Reverse Mortgage different from HECM?

Jumbo is a private reverse mortgage program, not FHA-insured, and allows far higher borrowing limits.

Do I still keep ownership of my home under a Jumbo reverse mortgage?

Yes. You remain on the title and retain full ownership with a jumbo reverse mortgage.

What are the risks involved in a Jumbo reverse mortgage?

You must maintain taxes, insurance, and upkeep. The loan balance grows over time, but repayment is limited to the home’s value at sale (non-recourse).

What’s the loan size difference in Jumbo reverse mortgages vs. HECM?

HECM caps around $1.2M in home value, while Jumbo programs can accommodate $2–10M+ properties depending on mortgage lender and brokers.

Explore Other Options

If proprietary isn’t the right fit, you may qualify for:

HECM Reverse Mortgage

Standard FHA-insured program for most seniors

Proprietary Reverse Mortgage

Flexible private-market solutions for condos, younger spouses, and mid-value homes