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Supercharge Your Home Equity with a
Jumbo Reverse Mortgage

Introducing the Longbridge non-Federal Housing Administration (FHA) jumbo reverse mortgage program with a line of credit1 option. Longbridge Platinum is designed for people age 55 and older2 with high-value homes or condos that don’t qualify for a standard Home Equity Conversion Mortgage (HECM). It could allow you to access more available funds as compared to a HECM—up to $4 million.3

Call or fill out the form below now to get your free info kit for Longbridge Platinum: the simple, flexible jumbo reverse mortgage.

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We're proud to support our US Military Active Duty and Veterans.

That's why we offer a $500 discount in honor of those who have served.†

†Longbridge’s Military Discount Program is subject to change or cancellation at any time and without notice. This program offering is valid for a credit of up to $500.00 off allowable closing costs. This program offering can only be redeemed with Longbridge Financial LLC, and is available to U.S. military veterans, their spouses, and the spouses of deceased veterans. Documentation of military service is required; acceptable documents include DD214 Discharge papers, VA / military identity card, VA benefits summary/award letter for income, and the VA benefits letter. Loans must close and be funded with Longbridge Financial LLC as the lender in order to receive credit. The credit will be applied to the overall cost indicated on the HUD-1 Settlement Statement at the time of the closing. This offer is not available for Home Equity Conversion Mortgage for purchase transactions. This is not an offer to make you a loan, does not qualify you for a loan, and is not an official loan disclosure. Loan disclosures, including a Good Faith Estimate of closing costs, are provided upon receipt of a completed application. All loans are subject to approval. Program, rates, and additional terms and conditions apply and are subject to change without notice. Offer is not transferrable. This offer is not redeemable for cash or cash equivalents. Void where prohibited, taxed or restricted by law. Restrictions apply.

It’s a non-FHA jumbo reverse mortgage program for those age 55 and older2 with high-value homes or condos that don’t qualify for a standard Home Equity Conversion Mortgage (HECM).

There are no monthly mortgage payments required.

All you have to do is keep current with property taxes, homeowners insurance, and home maintenance.

Answers to the most common questions about Longbridge Platinum

It’s a proprietary reverse mortgage program for homeowners aged 55 and older.2 It lets you borrow against your home equity without having to make monthly mortgage payments, as long as you live in the home and continue to pay property taxes and insurance, maintain your home, and fulfill all loan obligations.
While there are similarities between regulatory requirements for Platinum and HECM loans, there are some important differences between the two reverse mortgages. Platinum allows you to access more of your home’s equity than a standard HECM—up to $4M.3 It’s designed specifically for properties with home values that exceed the FHA loan limit, or those that aren’t eligible for FHA financing—such as condominiums that aren’t FHA approved, or some Planned Unit Developments (PUDs). Compared to a HECM, Platinum has no mortgage insurance requirement, which may result in lower upfront costs.

Longbridge Platinum has borrower protections similar to standard reverse mortgages. No matter what happens in the economy, how much money you receive, or how long you live in your home, you won’t be required to make a mortgage payment.4 Plus, Platinum is a non-recourse loan—the lender cannot hold you or your heirs personally liable, even if the loan amount exceeds the home’s value when the loan is repaid.

Yes. You retain the same ownership and title that you have today. (As with any mortgage, you must meet your loan obligations by keeping current with property taxes, insurance, and maintenance.) Just like a traditional mortgage, the lender puts a lien on the property which requires repayment under certain circumstances, such as when you sell or leave your home as a primary residence, or when the last borrower no longer lives in it.
A traditional mortgage requires monthly payments to the lender, eventually paying off the mortgage over time. Platinum lets you borrow against the equity in your home and receive a lump sum of cash at closing, and/or a line of credit.1 There are no monthly mortgage payments required as long as you live in and maintain the home, and keep current with property taxes and homeowners insurance.

Proceeds are first used to pay off any existing mortgage. The rest is yours to use as you wish. You can use Platinum funds to pay bills or consolidate other debts, cover medical expenses, fund home repairs and improvements to help you age in place, or even purchase a new house or condo that’s better suited for your retirement needs. You can also refinance an existing reverse mortgage to get more available cash in your pocket.

The proceeds from a Platinum reverse mortgage are generally income tax-free5 and typically do not affect Social Security or Medicare benefits. We do recommend that you talk to a competent financial advisor to determine the effect on any other benefits you may be receiving, especially when receiving a large lump sum from a reverse mortgage at closing. Having excess funds in your account could impact eligibility for certain government benefit programs.

The loan comes due when you 1) sell the property; 2) no longer live in the home as your primary residence; or 3) if you fail to meet one of the requirements of the loan—such as keeping current with property taxes, homeowners insurance, and home maintenance.

Since you retain the title to your home, you also retain your obligations as a homeowner: maintaining the home, paying property taxes and insurance, and any other assessments applied to your property (e.g., homeowners association fees).

Yes. After the balance of your Longbridge Platinum reverse mortgage is paid off, any remaining equity goes to your heirs. That amount will depend on a number of variables, such as loan balance, how long you stay in your home, how much your home appreciates in value, and other factors.

Here’s what people like you are saying about us.

  1. Borrowers who elect a fixed rate loan will receive a single disbursement lump sum payment. Other payment options are available only for adjustable rate mortgages.
  2. Available to borrowers as young as 55 in select states only. Higher minimum age requirements may apply.
  3. The state of MA has a maximum loan amount/lending limit of $2,000,000. 
  4. As with any mortgage, you must meet your loan obligations by keeping current with property taxes, insurance, and maintenance.

  5. Consult a financial advisor and appropriate government agencies for any effect on taxes or government benefits.

Longbridge Platinum Reverse Mortgage (“Platinum”) is Longbridge Financial, LLC’s proprietary loan program and is not affiliated with the Home Equity Conversion Mortgage (HECM) loan program, which is insured by FHA. Platinum is available to qualified borrowers who also may be eligible for FHA’s HECM program or are seeking loan proceeds that are higher than FHA’s HECM program limit. Platinum currently is available only for eligible properties in select states. Please contact your loan originator to see if it is currently available in your state.

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