Jumbo Reverse Mortgage Calculator
Estimate proceeds on a proprietary jumbo reverse mortgage for high-value homes above the FHA HECM limit — up to $4M+, with programs that allow age 55+ and carry no FHA mortgage insurance.
Nate Jones · NMLS #304056 · New American Funding
From Nate · 28 sec
High-value home? Hit play.
Quick context from Nate on jumbo reverse mortgages before you fill out the form.
A jumbo reverse mortgage is a proprietary (non-FHA) reverse mortgage for homes that exceed the 2026 FHA HECM lending limit of $1,149,825. Unlike a standard HECM, a jumbo program uses your home's full appraised value (no lending-limit cap), allows loan amounts up to roughly $4 million, charges no FHA mortgage insurance premium, and several programs accept borrowers as young as 55. Like a HECM it is non-recourse — you or your heirs never owe more than the home is worth. Nate Jones (NMLS #304056) matches high-value homeowners to the right proprietary program through New American Funding — free estimate, no credit pull.
Your Numbers
Jumbo programs shine above the 2026 HECM limit of $1,149,825
Enter $0 if your home is paid off
Many jumbo programs allow 55+
Jumbo rates typically run a bit above HECM
Results
Estimated Available Cash
$585,000
Tax-free. No monthly payments required.
Your Home's Principal Limit
$585,000
Based on full appraised value — no FHA lending-limit cap
Equity You Keep
$915,000
Remaining equity stays in your estate
Monthly Payment Required
$0
No FHA mortgage insurance premium on jumbo programs
What Could You Do With This Equity?
Eliminate Monthly Payments
Use $585,000 to pay off your existing mortgage entirely — eliminating your monthly payment and freeing up $0 every month.
Monthly Income Stream
Receive approximately $4,875 per month for 10 years as a steady tax-free income stream.
Line of Credit
Keep $585,000as a growing line of credit — accessible when you need it, growing when you don't.
These are estimates based on simplified proprietary (jumbo) guidelines. Jumbo principal-limit factors, maximum loan amounts, and minimum ages vary by lender and state. Nate will run your exact numbers against the programs available where you live — free, no credit pull.
Jumbo Reverse Mortgage vs HECM
A standard HECM is FHA-insured and capped at the 2026 lending limit of $1,149,825 — so on a high-value home, a large share of your equity sits beyond what the FHA will insure. A jumbo (proprietary) reverse mortgage removes that cap and lends against your home's full appraised value, which is why it's the go-to option above roughly $1.15M.
| Standard HECM | Jumbo Reverse | |
|---|---|---|
| Insured by | FHA | Private lender |
| Max value used | $1,149,825 | Full appraised value |
| Max loan amount | ~$700K-ish* | Up to $4M+ |
| Minimum age | 62 | 55+ on many programs |
| FHA mortgage insurance | 2% upfront + 0.5%/yr | None |
| Non-recourse | Yes | Yes |
*HECM proceeds depend on age and rate applied to the capped lending limit. Figures are estimates — Nate runs your exact numbers.
Reverse Mortgage at Age 55
One of the biggest advantages of proprietary jumbo programs is age. The FHA HECM requires the youngest borrower to be 62, but several jumbo reverse mortgages accept borrowers as young as 55. The trade-off is that younger borrowers access a smaller percentage of their home's value — but for an equity-rich homeowner who isn't yet 62, it can be the only reverse option available. Availability is state- and lender-specific; Nate confirms what's offered where you live.
Related Calculators & Guides
Jumbo Reverse Mortgage FAQ
Common Questions
How much can I borrow on a jumbo reverse mortgage?
Nate answers in 90 seconds
Can I qualify at age 55?
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