REVERSE MORTGAGE PRODUCTSWe offer an extensive array of reverse mortgage products to meet the needs of our clients. The programs are broken down into Government Insured and Proprietary catagories. The products within each catagory have their own specific benefits such as adjustable vs. fixed rate and lending limits.
The largest difference between the two catagories is Mortgage Insurance and lending limit on the Government Insured products versus the proprietary products.
Contact us for information about specific products at
(800) 680-8015
| GOVERNMENT INSURED PROGRAMS | ||||
|---|---|---|---|---|
|
Product Name
|
Mortgage Insurance
|
Interest Rate
|
Index
|
Payout Options |
|
FHA HECM Monthly
|
Yes
|
Adjustable
|
1Year
CMT |
Lump Sum, Line of Credit, Tenure, Term, or Combination |
|
FHA HECM Annual
|
Yes
|
Adjustable
|
1Year
CMT |
Lump Sum, Line of Credit, Tenure, Term, or Combination |
|
FHA HECM Fixed
|
Yes
|
Fixed
|
Rate Approximates 30-yr
Traditional Mortgage Rate |
Lump Sum
or Line of Credit* |
| PROPRIETARY PROGRAMS | ||||
|
Product Name
|
Mortgage Insurance
|
Interest Rate
|
Index
|
Benefit Options
|
|
Jumbo Fixed
|
No
|
Fixed
|
Six Month Libor
|
Lump Sum or Line of Credit * |
*Additional Fees may apply for the Line of Credit option.
