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Reverse mortgages

Proprietary and jumbo reverse mortgage

The short answer Proprietary or jumbo reverse mortgages are private products outside the federal HECM insurance program. They may suit different home values or property situations, but eligibility, available states, proceeds, fees, protections and payment options vary by provider. Marcus offers this category and can compare it with a HECM illustration.

Last reviewed: October 18, 2026 · General education, not a loan offer or approval. Availability and terms depend on the lender, the property and your file.

It may fit if

  • Your home's value is high and you want to see whether a private reverse product could fit.
  • Your property situation may not fit the HECM program.
  • You want a side-by-side comparison with a HECM before deciding.

Tradeoffs to weigh

  • These products are not federally insured, so protections depend on the specific product.
  • Eligibility, fees, proceeds and payment options vary by provider.
  • Ongoing obligations such as taxes, insurance and maintenance still apply.

What to have ready

  • Rough home value and any current mortgage balance.
  • Your property type and location.
  • What you hope the funds will do for you.
  • Your plans for the home and your heirs.
  • Whether you've already seen a HECM illustration.

Questions people ask

Is proprietary reverse financing part of the federal HECM insurance program?

No. Marcus explains the selected private product's actual terms and protections.

Is it always better for a high-value home?

No. Compare a current HECM illustration with any eligible proprietary options across costs, proceeds and future plans.

Your next step

Tell me what you're trying to do. I'll check which options fit your situation and walk you through the tradeoffs.

Compare reverse mortgage optionsTalk to Marcus

Related topics

HECM reverse mortgage HECM for Purchase See the loan programs All topics
Marcus Wright
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Marcus Wright · Loan Officer, NMLS #2789841

Originates through Q Mortgage LLC, NMLS #2567464. Licensed in Texas.

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How it works

  1. 1. Tell me your goalCall, book a time or send a note. No SSN and no credit check to start a conversation.
  2. 2. I compare your optionsI look at your income, property and plans, and explain the costs and tradeoffs of each route in plain language.
  3. 3. Apply when you're readyYou apply through a secure application. The lender's underwriting makes the final decision, and I keep you updated until closing.
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(682) 403-3406Tap to call Pick a timeBook a call on my calendar Weekend timeSat–Sun, 11 a.m.–7 p.m. Central. I confirm it personally. marcus@qmortgage.aiEmail me anytime

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I aim to get back to you within a few working hours, often sooner.

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