When do borrowers need a proprietary jumbo reverse?

When home values exceed HECM lending limits and the borrower wants reverse-mortgage proceeds sized to a higher-value California property.

Are jumbo reverses FHA-insured?

No — proprietary products are lender-specific with their own rates, fees, and age/LTV grids. We compare HECM vs jumbo reverse when values sit near the HECM ceiling.

Conventional & Government

Reverse Mortgage

Proprietary Jumbo Reverse

Name: Elite Fundings — California Mortgage Team
Address: 552 E Badillo St, Covina, CA, 91723, US
Telephone: (626) 833-7449
Price range: $$

Non-FHA proprietary reverse mortgage for property values above the HECM lending limit.

Available throughout Southern California through Francisco Williams, CCIM, NMLS #1858674.

Apply for this program (626) 833-7449

Ideal borrower

Homeowners 55+ with high-value homes exceeding HECM limits.

Program highlights

Loan amounts to $4M+
Minimum age 55 in some programs
No MIP

Typical uses

High-value home reverse mortgage

Frequently asked questions

When do borrowers need a proprietary jumbo reverse?: When home values exceed HECM lending limits and the borrower wants reverse-mortgage proceeds sized to a higher-value California property.
Are jumbo reverses FHA-insured?: No — proprietary products are lender-specific with their own rates, fees, and age/LTV grids. We compare HECM vs jumbo reverse when values sit near the HECM ceiling.

Program details shown are representative guidelines and subject to individual lender overlays and CFPB / agency requirements. Rates shown are illustrative and subject to change without notice. Actual rate, APR, and terms will depend on creditworthiness, loan-to-value, property type, occupancy, loan amount, loan program, and other factors. Not all applicants will qualify.