4 Reasons to Consider a Jumbo Reverse Mortgage

With more available cash than a HECM and greater flexibility than a HELOC, a jumbo reverse mortgage could give you the proceeds you need to live your golden years to the fullest. But what exactly is a jumbo reverse mortgage? Learn more in our latest blog.

Wondering how much you could get?

Reverse Mortgage Calculator

Consult with a specialist now: 855-523-4326

Why do we need this information?

Estimated home value: The amount of proceeds you receive is based on the appraised current value of your home.

To consult with a specialist now, call us toll free at 855-523-4326

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Why do we need this information?

Your age: To qualify for a reverse mortgage, you must be at least 62 years of age.

To consult with a specialist now, call us toll free at 855-523-4326

Why do we need this information?

Existing mortgage balance: If you are still paying off a traditional mortgage, part of the reverse mortgage loan must first be used to pay off any existing mortgage. Then any remaining cash can be used for other wants or needs.

To consult with a specialist now, call us toll free at 855-523-4326

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Why do we need this information?

Age of younger spouse on the title: The amount of equity you can access with a reverse mortgage is determined by the age of the youngest borrower.

To consult with a specialist now, call us toll free at 855-523-4326

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Step 1 of 2

Reverse Mortgage Calculator

Consult with a specialist now: 855-523-4326

We just need a little more information

in order to prepare your in-depth analysis, including the different program options, loan costs and any discounts or credits you may qualify for. You'll be able to view your online estimate after this step.

To consult with a specialist now, call us toll free at 855-523-4326

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Step 2 of 2


Choose the option that's right for you.

Based on the value of your home, you may be eligible for the
Traditional FHA HECM or the Longbridge Platinum Fixed or Platinum Line of Credit reverse mortgage.

Your Estimate Details

Mortgage Payoff paid by the HECM:

This can free up monthly cash flow.

Mortgage Payoff paid by You:1

To complete this loan, you would be required to pay a portion of the remaining mortgage balance. Please contact one of our account executives to discuss possible options.

Total Available Proceeds:1

( funds available at closing with the remaining available after 12 months). These tax-free proceeds can be used for any purpose. Loan costs are not included.

Equity Reserve:2

This is the equity reserve still remaining in the home.

Projected Credit Line Growth

Estimated based on current and forward interest rates and margin from current HECM pricing. A Reverse Mortgage Consultant will provide an in-depth quote with more exact numbers and details.
  • Project credit line would grow to by age
  • Funds could be drawn for home care or any other purpose
  • No additional income taxes on HECM funds used
  • No disruption to portfolio performance or lifestyle

Your Estimate Details

Mortgage Payoff paid by the HECM:

This can free up monthly cash flow.

Mortgage Payoff paid by You:1

To complete this loan, you would be required to pay a portion of the remaining mortgage balance. Please contact one of our account executives to discuss possible options.

Total Available Proceeds:1

No limits on the initial draw - unlike traditional HECM, you'll receive the full loan proceeds at closing. These tax-free proceeds can be used for any purpose. Loan costs are not included.

Equity Reserve:2

This is the equity reserve still remaining in the home.

  • Full upfront draw at a low, fixed rate
  • Low upfront cost with $0 origination fee options
  • Streamlined process for Platinum clients

Your Estimate Details

Mortgage Payoff paid by the HECM:

This can free up monthly cash flow.

Mortgage Payoff paid by You:1

To complete this loan, you would be required to pay a portion of the remaining mortgage balance. Please contact one of our account executives to discuss possible options.

Total Available Proceeds:1

You are required to take at least 25% of the available proceeds at closing, up to a maximum amount of 75%. The remaining proceeds can be accessed as a reusable line of credit, which can be drawn upon and repaid repeatedly during the first 10 years.

Equity Reserve:2

This is the equity reserve still remaining in the home.

  • 10-year reusable line of credit that grows, better than a HELOC
  • Low upfront costs
  • No monthly mortgage payments required3 (you may choose to make them if you wish)
  • No penalties for prepayment
  • Income tax-free funds4 that can be used for any purpose

Thank you for your request.

This is your reverse mortgage estimate. One of our dedicated loan officers will be in touch shortly with your in-depth analysis, including the different program options, loan costs, and your eligibility for possible discounts and credits.


1Certain restrictions and assumptions apply.
2Interest will accrue on the outstanding loan amount and be added to the loan balance. Remaining equity displayed is an estimate at the commencement of the loan. Remaining equity is not guaranteed as the loan balance grows.
3You must continue to pay property taxes, homeowners insurance, and for home maintenance.
4Consult a financial advisor and appropriate government agencies for any effect on taxes or government benefits.

Choose the option that's right for you.

Based on the value of your home, you may be eligible for the
Traditional FHA HECM or the Longbridge Platinum Fixed or Platinum Line of Credit reverse mortgage.

Here's a quick snapshot of each product.

Product
HECM
Platinum Fixed
Platinum LOC
How much can be borrowed?
Up to $822,375
Up to $4,000,000
Up to $4,000,000
Total proceeds
TBD
TBD
TBD
Proceeds available at closing*
TBD
TBD
TBD
Line of Credit growth
YES
NO
YES
Closing Costs
Closing costs can vary depending on the loan program you choose.
Please contact one of our consultants to see which program best fits your needs.

Traditional HECM

Lowest interest rate • Adjustable rate

Platinum Fixed

Low upfront costs • Fixed rate • Full-draw loan

Platinum LOC*

Low upfront costs • Adjustable rate • Better than a HELOC

*You are required to take at least 25% of the available proceeds at closing, up to a maximum amount of 75%. The remaining proceeds can be accessed as a reusable line of credit, which can be drawn upon and repaid repeatedly during the first 10 years.