By Phil Ganz
Edited by Ryan Skerritt
For homeowners 55 and older with higher-value properties, a HomeSafe jumbo reverse mortgage offers a unique way to tap into your equity—without the limits of traditional reverse mortgages or the need to sell your home.
Whether you’re looking to enhance your retirement income, preserve investments, or purchase a second home, this loan could be the right fit.
Check Your Jumbo Reverse Mortgage Eligibility
Let’s break down what makes this option stand out—and how it compares to other HomeSafe solutions.
What Is a HomeSafe Jumbo Reverse Mortgage?
The HomeSafe jumbo reverse mortgage is a proprietary loan that allows homeowners to convert a portion of their home equity into tax-free cash.
Designed specifically for high-value properties, it offers loan amounts up to $4 million—far beyond the lending cap of traditional government-backed reverse mortgages.
It’s available to homeowners starting at age 55* in most states and does not require monthly mortgage payments.
Instead, repayment happens when the loan becomes due (usually when the borrower moves, sells the home, or passes away).
Check Your Jumbo Reverse Mortgage Eligibility
Key Benefits
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Loan amounts up to $4 million
Access significantly more equity than a HECM or HomeSafe standard reverse mortgage. -
No mortgage insurance premiums
Unlike federally-insured options, there are no required MIP costs. -
Lower age requirement
Eligible at age 55 in many states, letting you tap into equity sooner. -
No required monthly mortgage payments
Free up monthly cash flow without giving up ownership of your home. -
Multiple payout options
Choose from lump sum, line of credit, or term-based disbursements.
Check Your Jumbo Reverse Mortgage Eligibility
How It Compares: HomeSafe Jumbo vs Other HomeSafe Options
Here’s a side-by-side look at how the HomeSafe jumbo reverse mortgage stacks up against the other offerings in the HomeSafe suite:
| Feature | HomeSafe Jumbo | HomeSafe Standard | HomeSafe Second |
|---|---|---|---|
| Loan Limit | Up to $4 million | Lower, subject to property value and age | Based on second lien, typically smaller |
| Age Requirement | 55+* | 62+ | 55+* |
| Lien Position | First lien | First lien | Second lien (keeps existing mortgage in place) |
| Mortgage Insurance | Not required | Not required | Not required |
| Use of Funds | Purchase, refinance, or equity access | Primarily refinance or equity access | Equity access while keeping current first mortgage |
| Monthly Payments | None required | None required | None required |
If your home is valued above average and you want the largest available payout with the most flexibility, the jumbo option is the clear winner.
Check Your Jumbo Reverse Mortgage Eligibility
When a HomeSafe Jumbo Reverse Mortgage Makes Sense
This product can be a smart solution if:
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Your home is worth over $1 million and you want to unlock more equity
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You prefer not to dip into retirement accounts for liquidity
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You want to reduce tax liabilities by using non-taxable loan proceeds*
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You plan to buy a second home using a reverse mortgage strategy
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You’re looking for a way to retire earlier and need funds to support that lifestyle
Check Your Jumbo Reverse Mortgage Eligibility
Ways to Use Your Home Equity
The flexibility of this product means the funds can be used however you choose, including:
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Delaying Social Security to maximize benefits
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Purchasing a second property or vacation home
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Renovating your existing home
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Covering healthcare or long-term care needs
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Gifting to family or funding education for grandchildren
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Traveling or pursuing new passions in retirement
Check Your Jumbo Reverse Mortgage Eligibility
Final Thoughts
For homeowners with high-value properties, the HomeSafe jumbo reverse mortgage offers a practical way to access equity without selling or taking on monthly mortgage payments.
It’s especially useful for those who want larger loan amounts than traditional reverse mortgages allow, or who are looking for more flexibility in how and when they use their funds.
If you're exploring ways to make your home equity work harder in retirement, this option is worth considering alongside other strategies.
With over 50 years of mortgage industry experience, we are here to help you achieve the American dream of owning a home. We strive to provide the best education before, during, and after you buy a home. Our advice is based on experience with Phil Ganz and Team closing over One billion dollars and helping countless families.
About Author - Phil Ganz
Phil Ganz has over 20+ years of experience in the residential financing space. With over a billion dollars of funded loans, Phil helps homebuyers configure the perfect mortgage plan. Whether it's your first home, a complex multiple-property purchase, or anything in between, Phil has the experience to help you achieve your goals.
About Editor - Ryan Skerritt
Ryan Skerritt has over 10+ years of experience in the residential financing space. With over two hundred and fifty million of funded loan volume, Ryan has the skill set to help any homebuyer configure the perfect mortgage plan.
