Reverse Mortgage Programs
Turn Your Home Equity Into Financial Freedom
Four distinct reverse mortgage programs — from the federally insured HECM to the Jumbo Reverse and the breakthrough Reverse 2nd that lets you keep your low-rate first mortgage intact.
Not One Program. Four Distinct Tools.
Reverse mortgages are not a single product — they are a category of programs, each designed for a different financial situation. Whether you want to eliminate your current mortgage payment, access equity without touching your 3% first mortgage, purchase a new home without monthly payments, or tap into a high-value property that exceeds FHA limits, there is a specific program built for that goal. Brooks Mortgage works with all four.
Home Equity Conversion Mortgage (HECM)
The Industry Standard
Best For
Homeowners who want a highly regulated, federally insured option to supplement retirement income or eliminate their current mortgage payment entirely.
The HECM is the industry standard, accounting for the vast majority of reverse mortgages in the United States. It is federally insured by the FHA, providing borrowers with strong consumer protections and a regulated framework. For most seniors, this is the starting point.
Key Guidelines
Proprietary Jumbo Reverse Mortgage
For High-Value Homes Above FHA Limits
Best For
Affluent seniors in luxury markets whose home values far exceed the standard FHA lending limit of $1,249,125.
Proprietary reverse mortgages are private, non-FHA-insured products designed specifically for higher-value homes. They bypass the FHA maximum claim amount entirely, unlocking significantly more equity for borrowers in premium California markets. Because they are not FHA-insured, they also eliminate the costly upfront and monthly FHA mortgage insurance premiums.
Key Guidelines
HECM for Purchase (H4P)
Buy a New Home — No Monthly Mortgage Payment
Best For
Seniors looking to downsize, upsize, or relocate closer to family without taking on a monthly mortgage payment on the new home.
The HECM for Purchase allows a senior to buy a new primary residence using a single substantial down payment combined with reverse mortgage proceeds — resulting in zero monthly principal and interest payments for the life of the loan. It is one of the most underutilized tools in senior real estate planning.
Key Guidelines
The Reverse 2nd Mortgage
The Fastest-Growing Sector in Modern Non-QM Lending
Keep Your 3% First Mortgage. Access Your Equity Anyway.
The Problem It Solves
During the pandemic, millions of borrowers locked in traditional first mortgages at historic sub-4% rates. A standard reverse mortgage requires paying off all existing liens at closing — meaning refinancing a 3% first mortgage into a 7%+ first-lien reverse mortgage destroys the borrower's long-term financial structure. The Reverse 2nd solves this by leaving the ultra-low first mortgage completely intact.
A standard reverse mortgage would require paying off your existing first mortgage at closing — converting a 3% rate into a 7%+ rate. The Reverse 2nd leaves your first mortgage untouched.
Program Parameters
Not Sure Which Reverse Mortgage Fits?
Isaac will review your home value, existing mortgage, age, and financial goals — and match you to the program that preserves the most wealth while meeting your needs.
Personalized for you
Get Your Personalized Mortgage Rate
Every borrower is different. Tell us about your scenario and we'll compare programs and rates tailored to you — no obligation.
- Compare multiple loan programs side by side
- Review interest rate, APR, points, and monthly payment
- Speak directly with an experienced mortgage broker
Specialized programs available
Reverse mortgage products including HECM, Proprietary Jumbo Reverse, HECM for Purchase, and Reverse 2nd Mortgage programs are subject to borrower eligibility, property eligibility, credit approval, and underwriting review. HECM products are FHA-insured and subject to FHA guidelines and maximum claim amounts, which are subject to change. Proprietary and jumbo reverse mortgage programs are private products and are not FHA-insured. Minimum age requirements, loan limits, state availability, and program terms vary by product and are subject to change without notice. Reverse 2nd Mortgage programs are subject to combined lien limits and investor matrix guidelines. Borrowers must continue to pay property taxes, homeowners insurance, and maintain the property. Failure to meet these obligations may result in loan default. HUD-approved counseling is required for HECM products. This is not a commitment to lend. Brooks Mortgage, Inc. NMLS #1608346. Licensed by the California Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act, License #4139. Equal Housing Lender.