Jumbo Reverse Mortgages

Private Label Jumbo Reverse Mortgages now provide added flexibility and options for Higher Valued Homes, non-FHA eligible properties, and other scenarios that may not be eligible for the government insured HECM Reverse Mortgages.
 

Program features include:

  • Attractive Self-Insured rates with No Mortgage Insurance (MIP)
  • Greater flexibility with higher valued homes to pay off mortgages, debt and access funds for retirement.
  • Greater flexibility that allows homeowners to use loan proceeds to pay off installment and revolving credit card debt to qualify for the loan.
  • Fixed rate program with loan amounts up to $6.5 million.
  • Attractive option for condominiums that are not FHA approved.
  • Easy qualifying designed to mirror the HECM Reverse for retirees and seniors.
  • 2 Unit owner occupied allowed.
  • Irrevocable trusts allowed that meet program guidelines.
  • New rate options introduced for higher risk loans whereby homeowners can pay up for higher principal limit access.

The Jumbo Reverse has evolved in the past several years from a high cost rigid program to an innovative formidable contender taking center stage as an attractive back up to the HECM Reverse. This allows us to provide a much broader array of options and eligibility to help our customers when combined with the HECM Reverse.

 


 

Determine Your Personal Eligibility

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First Name *
Last Name *
Street Address *
City *
State *
Zip 
Home Phone 
Email *
DOB - Youngest Borrower *
Mortgage Balance *
Home Value *


 

Secure  All information is strictly confidential




Jefferson Mortgage Group LLC

2536 Leeds Rd.
Oakton, Virginia 22124
703-319-2198
FAX: 703-773-6946
info@jeffersonmortgage.com
NMLS: 935554

Located in Fairfax County, Virginia. Serving all of Virginia, Maryland, DC & Pennsylvania. 

Testimonials

Jefferson Mortgage Group LLC is licensed in Virginia, Maryland, DC & Pennslvania.
Virginia State Corporation Commission License Number MC-5659 and the Pennsylvania Department of Banking & Securities #46259 
The DC Department of Insurance, Securities, and Banking License #MLB935554
Maryland DLLR License #21586

An Equal Housing Lender

By refinancing the consumer's existing loan, the consumer's total finance charges may be higher over the life of the loan.

This material is not from HUD or FHA and has not been approved by HUD or any government agency.