Proprietary Reverse Mortgage Refinance for Homeowners Age 55+

What Is a Proprietary Reverse Mortgage?

A Proprietary Reverse Mortgage is a privately funded reverse mortgage created specifically for homeowners with higher-value properties. These loans often offer:

• Higher loan limits than FHA-insured reverse mortgages
• Eligibility starting at age 55 (depending on the state and lender)
• Access to more home equity
• Flexible payout options
• No required monthly mortgage payments as long as you continue to meet loan obligations*

Because these loans are not insured by the Federal Housing Administration (FHA), they can provide financing solutions beyond traditional reverse mortgage limits.

Why Refinance into a Proprietary Reverse Mortgage?

Refinancing can help you make better use of the equity you've built over the years. You may choose to refinance to:

• Pay off your existing mortgage
• Access additional cash from your home's increased value
• Consolidate higher-interest debt
• Improve monthly cash flow
• Cover healthcare or long-term care expenses
• Finance home renovations or accessibility improvements
• Supplement retirement income
• Preserve other retirement investments

Benefits of a Proprietary Reverse Mortgage Refinance

Access More Equity

Higher lending limits may allow qualifying homeowners to unlock substantially more equity than traditional reverse mortgage programs.

No Monthly Mortgage Payments*

As long as you occupy the home as your primary residence and continue paying property taxes, homeowners insurance, HOA dues (if applicable), and maintain the home, no monthly mortgage payments are required.

Stay in the Home You Love

Continue living in your home while converting a portion of your equity into available funds.

Flexible Payment Options

Depending on the program, you may receive proceeds as:

• A lump sum
• Monthly payments
• A line of credit
• A combination of these options

Who May Qualify?

You may be eligible if you:

• Are age 55 or older (where permitted)
• Own a higher-value home
• Have significant home equity
• Occupy the home as your primary residence
• Meet lender financial qualification requirements

Eligible property types may include:

• Single-family homes
• FHA-approved condominiums
• Certain planned unit developments (PUDs)
• Other eligible residential properties

Is Refinancing Right for You?

A proprietary reverse mortgage refinance may be a smart option if:

• Your home's value has increased significantly
• You need access to more equity than a traditional reverse mortgage allows
• You're looking to eliminate your existing mortgage payment
• You want greater financial flexibility during retirement
• You have a jumbo mortgage or high-value property

Every homeowner's financial situation is unique. A reverse mortgage specialist can help determine whether refinancing is the right solution based on your goals.

Why Work With Us?

Our experienced reverse mortgage professionals take the time to understand your financial objectives and explain all available options. We provide:

• Personalized consultations
• Clear, transparent guidance
• Competitive proprietary reverse mortgage solutions
• Fast, responsive service from application through closing

Our goal is to help you make informed decisions with confidence.

Frequently Asked Questions

How is a proprietary reverse mortgage different from a HECM?

A proprietary reverse mortgage is offered by private lenders rather than insured by the FHA. It typically serves homeowners with higher-value homes by providing larger loan amounts and, in many cases, eligibility beginning at age 55.

Can I refinance an existing reverse mortgage?

Yes. If your home has appreciated or your financial needs have changed, refinancing may allow you to access additional equity or improve your loan terms, subject to qualification.

Will I still own my home?

Yes. You retain ownership and title to your home, provided you continue to meet the loan requirements.

When is the loan repaid?

The loan generally becomes due when the last borrower permanently moves out of the home, sells the property, or passes away.