Jumbo Reverse Mortgages are a proprietary product. Jumbo reverse mortgages are a fixed-rate alternative to the FHA insured reverse mortgage programs. These often offer higher loan amounts, for homeowners whose home is valued at $500,000 or higher. In the case when a property does not qualify for a traditional federal HECM loan, we at Trinity Reverse Mortgage can often have the property qualified for the Proprietary Jumbo if the value is at or above $500,000. When home values range $500,000 to $1,500,000, our first choice would be to consider the HUD/FHA loan options first, before exploring Proprietary Jumbo Reverse Mortgage as an alternative. One of the big advantages of Jumbos is they do not require Condo’s to be HUD approved. The second advantage is increased proceeds for the larger value properties ranging usually from $1.5M to well over $6M!