Jumbo Reverse Mortgages Explained

If you are looking to get jumbo reverse mortgages explained to you in a simple and easy to understand way, you are in the right place. Green Monarch specializes in jumbo reverse mortgage lending in California.

Jumbo Reverse Mortgages

What are Jumbo Reverse Mortgages?

So, what is a Jumbo Reverse and what does it mean to me?


Great question………In a nutshell, a whole new category was created for Reverse Mortgages to now include higher valued homes. The reason it may be good for you is that the FHA Reverse Mortgage currently has a cap on home values at $970,800. That means if your home is worth 2M, the Reverse Mortgage calculator will only run your benefit as if the home value was $970,800. These new Jumbo programs allow owners of more exclusive residences to have access to more equity (up to 4M) and are not restricted by the FHA guidelines.


Another great attribute is that you will not have to pay the FHA MIP fee (mortgage insurance) saving you a ton of money. So, if your home’s value is north of a million dollars the road to accessing equity just got brighter.

Jumbo Reverse Mortgage Loans

Keep in mind that there are multiple lenders that offer jumbo reverse mortgage loans and there are differences between them. Green Monarch Mortgage has a relationship with all of them and once we know what you are trying to accomplish, we can show you the correct path to take. Jumbo Reverse mortgage loans have been an amazing tool for many homeowners to tap into non-taxable equity in a time of incredible need. As Gen. Dwight D. Eisenhower so wisely proclaimed, “Wise decisions are the result of evaluating all available alternatives.”

Because Green Monarch has access to ALL of the reverse mortgage programs in California (unlike some lenders), we are able to accommodate homeowners looking to obtain a jumbo reverse mortgage loan or refinance a current one with the best options, at the best rates and all with ZERO closing costs!

Jumbo Reverse Mortgage Refinancing

Along with traditional reverse mortgages, Green Monarch specializes in Jumbo Reverse Mortgage Refinancing! Our lives are ever changing and along with it our financial needs and plans for the future. It is common for homeowners who are already receiving reverse mortgage payments to look into new loan options in order to adjust their ever changing financial needs, future plans or to simply get a better rate to save money.


If you currently have a jumbo reverse mortgage you can arrange a free, no obligation consultation to assess your current loan to explore your options and discover if there are new loans that better suit your circumstances. Here are just a few reasons you may be interested in refinancing your current jumbo reverse mortgage loan:

  • Switch from an adjustable rate to a fixed rate
  • Change how you receive your money
  • Get a lower interest rate or receive more cash
  • Switch to a different reverse mortgage program
  • The value in your home has increased
  • You want to add a spouse to the loan
  • Your heirs now want to inherit your home
  • Refinance into a traditional loan to preserve your home's equity

Calculate Private Jumbo Reverse Mortgage Loans At No Cost in California

We can calculate private jumbo reverse mortgage loans at no cost in California. From traditional reverse mortgage loans, to jumbo reverse mortgage loans, to reverse mortgage refinancing... We can provide the lowest rates in California with no out of pocket cost to the homeowners. We do not rely on reverse mortgage calculators in California for our business. We rely on getting to know our customers with in-depth, hassle-free, personalized conversations so we can ensure homeowners have the knowledge and guidance to make the best possible financial decisions for their future. 


If you would like to speak to one of our loan specialists at Green Monarch Reverse Mortgage in San Clemente CA, please give us a call at 800-345-2041 or schedule a free, no obligation, consultation through this link.

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