Proprietary & Jumbo Products
If your California home is worth more than $1.2 million, a standard FHA reverse mortgage may leave significant equity on the table. Proprietary jumbo reverse mortgages are designed specifically for high-value properties — with no federal cap on loan amounts.
Instant answers pulled from our guides · not personalized advice
Both products allow homeowners 62+ to access home equity without monthly payments. The right choice depends on your home value and how much equity you want to access.
The mechanics are similar to a standard reverse mortgage — but the loan amounts can be dramatically higher for California's luxury homeowners.
We review your home value, equity, age, and financial goals. We'll show you side-by-side what you'd receive under both HECM and jumbo options.
Jumbo products are offered by approved private lenders. We compare available programs to find the best rate, terms, and loan amount for your situation.
Your home is independently appraised. High-value homes often require specialized luxury appraisers. Underwriting typically takes 3–4 weeks.
Receive proceeds as a lump sum (most common for jumbo), a line of credit, or structured monthly payments. Closing is handled by a title company of your choice.
High-value homeowners who can access significantly more equity than the FHA limit allows.
Affluent homeowners who want to maximize liquidity, reduce estate tax exposure, or fund trusts — while staying in the home they love.
Newport Beach, Malibu, Laguna Beach, Carlsbad, La Jolla — California coastal homes routinely exceed FHA limits and are ideal jumbo candidates.
Retirees who want to avoid drawing down investment accounts during market downturns can use a reverse mortgage line of credit as a standby buffer.
Accessing equity now to fund in-home care, long-term care insurance premiums, or medical costs before they become a crisis.
Many affluent seniors use proceeds to fund grandchildren's education, help children purchase homes, or make gifts while living.
Financial planners recommend reverse mortgage LOCs as a third leg of retirement income alongside Social Security and investment portfolios.
These California communities frequently have home values exceeding the FHA HECM limit, making proprietary jumbo products the primary option:
Newport Beach
Orange County
$2.5M+ median
Pasadena
LA County
$1.1M+ median
Irvine
$1.2M+ median
Carlsbad
San Diego County
Huntington Beach
San Diego
$950K+ median
Glendale
Burbank
$900K+ median
Loan limits vary by lender and product. Most proprietary jumbo programs allow loan amounts up to $3 million to $4 million or more, depending on the lender, your age, and your home value.
No. Because jumbo reverse mortgages are privately funded, they do not require FHA mortgage insurance premiums. This eliminates the 2% upfront MIP cost of a standard HECM — though it also means no FHA non-recourse guarantee. Lenders typically offer contractual non-recourse terms instead.
Some proprietary lenders approve non-FHA-approved condos that would not qualify for a standard HECM. Co-ops are generally not eligible. Contact us to verify your property type.
Yes. All reverse mortgage lenders operating in California must be licensed by the California Department of Financial Protection and Innovation (CA DFPI). Miguel A. Vazquez, NMLS #401212, is a licensed CA broker.
Many financial advisors and estate planning attorneys recommend jumbo reverse mortgages as part of a comprehensive retirement and estate strategy. We recommend involving your CPA and estate attorney in the decision.
Your heirs have three choices:
Get an instant, plain-English answer pulled from our guides — then read more below.
Miguel A. Vazquez · NMLS #401212 · CA-DFPI Licensed Mortgage BrokerSpecializing in HECM and proprietary reverse mortgages across California since 2006.
Home Central Financial · 7847 Florence Ave #101, Downey, CA 90240 · NMLS #401212 · Equal Housing Lender
No forms, no hassle
One relaxed phone call with Miguel — no pressure, no paperwork to start, and every question answered in plain English or Spanish.
This is an informational conversation only — not a loan approval and not a commitment to lend.
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