We’re excited to share that we are now accepting Reverse Jumbo loans from our Correspondent Lenders on a non-delegated basis!
Unlike a standard HECM, the Reverse Jumbo has no mortgage insurance (MI), so your borrowers can access more equity without the additional MI fees. With loan amounts up to $4 million, your clients can tap into more equity in their higher-value homes.
Highlights:
- No minimum or maximum draw amounts
- No mortgage insurance
- Single-Family Residences, 2-4 units, Townhomes, PUDs, and Condominiums (with restrictions) eligible
Plaza Home Mortgage® aims to provide you more opportunities to enhance your business portfolio, so get started with a Reverse Jumbo loan today by emailing us at hereforyou@plazahomemortgage.com or contact your Account Executive today!
