Jumbo Reverse Mortgages

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the best Jumbo Reverse Mortgage Lenders

Schedule A Consultation

Schedule A Consultation

Consult with one of our experienced loan officers who will comprehend your objectives and assist you in formulating a strategy.

Understand Your Options

Understand Your Options

Learn about the available investment mortgage options designed for 1099 individuals.

Close Your Loan

Close Your Loan

We will help you through a stress-free loan application procedure and close on time.

Reverse Mortgage Jumbo Loans for you.

A reverse mortgage is a type of loan that permits and grants homeowners ages 62 and older, who’ve paid off their mortgage, to borrow part of their home’s equity as tax-free income.

Unlike a regular mortgage in which the homeowner makes payments to the lender, with a reverse mortgage, the lender pays the homeowner. Furthermore, Homeowners usually receive higher principal limits the older they are and the more the property is worth, the lower the interest rate will be.

Creative Mortgage Options For Savvy Entrepreneurs

Jumbo Reverse Mortgage Options

Lending Warehouse will help you discover creative mortgage programs built specifically for investors, business owners, entrepreneurs and more. Here are some advantages to the mortgage solutions we will show you.

Credit Scores 640+

Credit Scores
640+

Self employed professionals are constantly making investment risks which often prevent perfect credit scores. Have no worries. Lending Warehouse understands how to identify savvy investors. We are here to help you!

No Income Verification

No Income
Verification

In no-income-verification mortgages, lenders do not require applicants to verify or document their source of income. Other names for these mortgages include “stated-income” loans and “no-doc” or “alt-doc” loans, however they all fall under the same umbrella description with only slight differences.

2nd Home Rental Properties

2nd Home
Rental Properties

Real estate investing requires capital. A lot of it…
But one of the greatest advantages of real estate is the ability to leverage financial institutions funds to develop an investing portfolio.
We are here to help you understand the out side the box solutions.

WHY LENDING WAREHOUSE

At Lending Warehouse, we specialize in investment mortgages for 1099 and self employed individuals.

Our team is highly experienced with creative options specific to your needs.

Our reputation was built on:
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Creative Mortgage Solutions For Investment Property Programs

Investment Mortgage Loan Options

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STATED INCOME

Learn creative mortgage refinancing strategies to leverage your equity and capitalize on real estate investment opportunities.
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NO DOC

Learn creative mortgage refinancing strategies to leverage your equity and capitalize on real estate investment opportunities.
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REFINANCE

Rental income might be a wonderful method to protect your money from continued volatility. Learn the financing requirements and mortgage options for rental properties.
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JUMBO

Discover the available programs available to savvy business owners in your state.
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REVERSE

Unlock the equity in your home with a reverse mortgage loan. Perfect for retirees looking to supplement their income and maintain the comfort of their own home.

Custom Mortgage Programs

Discover Investment mortgage options

A reverse mortgage is a loan that allows homeowners to borrow against the equity in their home without having to sell it. This type of mortgage can be a great option for seniors who are looking for ways to supplement their income in retirement. In this blog post, we will discuss jumbo reverse mortgages. We will outline the benefits of this type of mortgage and answer some common questions about them. If you are considering a reverse mortgage, this blog post is for you!

how do reverse mortgages work?

Reverse mortgages are loans that are available to homeowners who are 62 years of age or older.

These loans allow homeowners to borrow against the equity in their home without having to make monthly mortgage payments. The loan is repaid when the borrower dies, sells the home, or moves out of the home.

There are two types of reverse mortgages:

Private reverse mortgages are offered by private lenders and are not insured by the government.

Government-insured reverse mortgages, also known as Home Equity Conversion Mortgages (HECMs), are insured by the Federal Housing Administration (FHA).

No matter which type of reverse mortgage you choose, the loan will not have to be repaid until the borrower dies, sells the home, or moves out of the home.

how much can i get on a reverse mortgage?

The amount that a borrower can receive from a reverse mortgage depends on the value of their home, their age, and the interest rate.

For example, a 65-year-old borrower with a home worth $300,000 could get a loan for $150,000.

how much can i get first year reverse mortgage?

The amount that a borrower can receive from a reverse mortgage in the first year is limited to 60% of the loan’s principal.

For example, if a borrower takes out a loan for $100,000, they would be able to receive $60,000 in the first year.

how much equity needed for reverse mortgage?

The amount of equity needed for a reverse mortgage depends on the borrower’s age and the value of their home.

For example, a 70-year-old borrower with a home worth $300,000 would need 50% equity to qualify for a reverse mortgage.

jumbo reverse mortgage loan to value

A jumbo reverse mortgage loan-to-value (LTV) is a loan that allows homeowners to borrow up to 100% of the value of their home.

For example, if a borrower has a home worth $800,000, they could get a loan for $800,000.