A Jumbo Reverse Mortgage is a specialty reverse mortgage loan for homeowners whose home value is appraised above the Home Equity Conversion Mortgage (HECM) limit of $726,625. You may also see this called a “proprietary reverse mortgage” too.
Specifically this targets homeowners who have higher-value homes and therefore have more equity to tap into. Jumbo reverse mortgages allow homeowners to access up to 6 million dollars worth of their home’s equity. The exact amount you can borrow varies depending upon your age, the value of your home, and how much you currently owe on the home.
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