Jumbo Reverse Mortgage Loan to Value

Sometimes the FHA reverse mortgage loan proceeds aren’t enough to payoff what you currently owe.  In cases like this, a jumbo reverse mortgage might be suitable for you.  Therefore, you may want to know the Jumbo Reverse Mortgage Loan to Value that’s available.

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First, What Are Jumbo Reverse Mortgages?

The amount that you can get for an FHA reverse mortgage can change weekly.  As of the date of this writing

What Are Jumbo Reverse Mortgages
What Are Jumbo Reverse Mortgages

(November 26th, 2019), the maximum loan amount for an FHA reverse mortgage ranges from $380,626 – $544,821.  However, this is probably going to change for 2020, but nothing has officially been announced.  The amount you get depends on your age.  At age 62, your maximum loan amount is $380,626.  This amount increases just a little bit with each passing year and caps out at age 92 at $544,821.  Keep in mind, this is assuming your home is worth the current max claim amount (maximum appraised value considered for an FHA reverse loan) of $726,525 or more.

So, a jumbo reverse mortgage is one that allows you to borrow more than what you can borrow with an FHA reverse mortgage.  These are generally available to homeowners that have homes that are worth more than the FHA Max Claim Amount now currently set at $726,525.

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Who Qualifies for Jumbo Reverse Mortgages?

In terms of who qualifies for jumbo reverse mortgages, that’s a loaded question.  Guidelines for jumbo reverse mortgages are usually several pages long.  For example, one of the lenders we use for a jumbo reverse mortgage has a guideline handbook that is 337 pages long.  The other lenders that offer this type of program have very similar sets of guidelines and they are all about the same length.  No person seeking a reverse mortgage wants to sift through this. Hence, we’ll put a list of the most basic guidelines below.  If you think you have unique circumstances, you’ll just want to connect with a loan officer to discuss it with them.

teds woodworking plans banner on jumbo reverse mortgage loan limits


Here are the basic qualifications for Jumbo Reverse Mortgages:

  1. The prospective borrower must be 62 years old or older (some lenders have now started offering for 60 and 61 year olds in some states).
  2. Your home must be your primary residence.
  3. Property types include – Single family residences (SFR’s), 2-4 unit properties, modular homes (not manufactured at this time), condos, townhomes, & mixed use properties.

Those are the most basic qualifications.  Of course, there’s more to it than that.  The nice thing is, there are no DTI / Debt to Income Ratio requirements.  You do still have to pass a financial assessment, but it’s much more lax than a conventional loan.

Further, most have some basic requirements for credit scores that range from 600 – 640.  However, there are ways to get these loans done with lower scores, so don’t let a lower score deter you from applying.

Is your retirement everything you’ve dreamed it would be.  Or, are you hoping to retire, but your mortgage payment is getting in the way.  Perhaps a jumbo reverse mortgage will help you accomplish your goals.

Want more info from Reverse Mortgage Loan Advisors? Info@ReverseMortgageLoanAdvisors.com

Jumbo Reverse Mortgage Loan to Value

Here is the most recent, updated, jumbo reverse mortgage loan to value chart.  Please note, that the percentage you can borrow changes EVERY year.  The older you are, the more you get.  We did every other year just to keep it simple and uncluttered.

Jumbo Reverse Mortgage Loan to Value 05/05/2021
Jumbo Reverse Mortgage Loan to Value 05/05/2021

Here are some historical jumbo reverse mortgage loan to value charts:

This LTV Chart was effective in late 2019 through sometime in 2020.

Jumbo Reverse Mortgage Loan to Value

This chart is effective as of October 2019.  We will updated it periodically as the program changes.

Jumbo Reverse Mortgage Loan to Value
Jumbo Reverse Mortgage Loan to Value

GET YOUR FREE INFO KIT! EMAIL US AT  Info@ReverseMortgageLoanAdvisors.com

For more in depth info on all Reverse Mortgage subjects, check out:


Reverse Mortgage Frequently Asked Questions

Reverse Mortgage 2020

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