NMLS #223456 | Arbor Financial Group NMLS #236669|Serving Orange County & Southern California|(949) 829-1846

Our Programs

Reverse Mortgage Programs

From government-backed HECM to innovative proprietary products — find the right solution for your retirement goals.

Government-Backed

HECM — Home Equity Conversion Mortgage

Age 62+ Required

The HECM is the most popular reverse mortgage in the United States, insured by the Federal Housing Administration (FHA) under the U.S. Department of Housing and Urban Development (HUD). It allows eligible homeowners aged 62 and older to convert a portion of their home equity into tax-free loan proceeds.

With a HECM, you retain ownership of your home and are never required to make monthly mortgage payments. The loan becomes due when the last borrower permanently leaves the home, sells, or passes away. FHA insurance guarantees you will always receive your agreed-upon loan proceeds, even if the lender fails.

FHA-insured — government protection for borrowers

2025 loan limit: $1,209,750

Multiple disbursement options: lump sum, line of credit, monthly payments, or combination

Growing line of credit — unused funds grow at the loan's interest rate

Non-recourse loan — you can never owe more than the home's value

HUD-approved counseling required before closing

Available for single-family homes, FHA-approved condos, and 2–4 unit properties

HECM Line of Credit Strategy: Research by Dr. Wade Pfau shows that establishing a HECM line of credit early in retirement — even if you don't need the funds immediately — can significantly improve portfolio longevity, as the credit line grows over time regardless of home value changes.

HECM Disbursement Options

Lump Sum

Receive all proceeds at closing (fixed rate only)

Line of Credit

Draw funds as needed; unused balance grows over time

Monthly Tenure

Fixed monthly payments for as long as you live in the home

Monthly Term

Fixed monthly payments for a specified number of months

Combination

Mix of line of credit and monthly payments

Who Benefits Most from Proprietary?

High-Value Homeowners

Homes valued above $1.5M that exceed HECM limits

Ages 55–61

Homeowners who don't yet qualify for HECM

Condo Owners

Non-FHA-approved condos may qualify for proprietary

Equity-Rich Retirees

Maximize proceeds from significant home equity

Jumbo Reverse Mortgage

Proprietary Reverse Mortgage

Age 55+ (California)

Proprietary reverse mortgages are private loan products not insured by the federal government. They are designed for homeowners with higher-value properties who want to access equity beyond the HECM loan limits, or for those between ages 55–61 who don't yet qualify for a HECM.

Programs like Finance of America's HomeSafe and similar products allow loan amounts up to $4 million, making them ideal for the Orange County and Southern California market where home values frequently exceed HECM limits.

Available from age 55 in California

Loan amounts up to $4 million

No FHA mortgage insurance premium

Available for non-FHA-approved condominiums

Competitive fixed and adjustable rate options

Non-recourse protection — same as HECM

No monthly mortgage payments required

Orange County Advantage: With median home values in Orange County exceeding $1.2M, many homeowners can access significantly more equity through proprietary programs than through HECM alone. A $2M home could yield substantially higher proceeds.

Unique Product

Equity Select — No Age Limit

The Equity Select program offers 1% minimum monthly payments with no minimum age requirement — available as both a 1st and 2nd lien. A revolutionary product for homeowners of any age.

Learn About Equity Select

Minimum Monthly Payment

Any

Age Requirement

1st & 2nd

Lien Options

Capped

Maximum Payment

Program Comparison

Side-by-side comparison of all three programs to help you choose the right fit.

Feature	HECM	Proprietary	Equity Select
Minimum Age	62	55	None
Max Loan Amount	$1,209,750	Up to $4M	Varies
Government Insured	Yes (FHA)	No	No
Mortgage Insurance	Required	Not required	Not required
Monthly Payment	Optional	Optional	1% minimum
Lien Position	1st lien	1st lien	1st or 2nd
Non-Recourse	Yes	Yes	Yes
Disbursement Options	Lump sum, LOC, monthly	Lump sum, LOC	Lump sum
Counseling Required	Yes (HUD)	Yes	No
Best For	Moderate-value homes	High-value homes	Any age, flexible payments

Program availability and terms vary. Contact us for a personalized analysis.

Ready to Explore Your Options?

Schedule a no-obligation consultation with a licensed reverse mortgage specialist serving Orange County.

Get Free Consultation (949) 829-1846