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Use a HomeSafe Jumbo Reverse Mortgage for Your Florida. – · Retirees living in condominiums may also take advantage of reverse mortgages, however, not all condos have the FHA-approval required for HECM financing. A unique distinction of jumbo reverse mortgages is that condos appraised at $500,000 or more do not require FHA approval, which allows potential eligibility for a HomeSafe jumbo loan.
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AAG Launches New Jumbo Reverse Mortgage Product – American Advisors Group (AAG) today announced the launch of a jumbo reverse mortgage product that will allow borrowers the opportunity to borrow up to $3 million in loan proceeds. Connecticut,