Proprietary Reverse Mortgage

Privately funded reverse mortgages with higher loan amounts, flexible terms, and eligibility starting at 55 in select states.

More Flexibility for
More Homeowners.

A proprietary reverse mortgage is offered by private lenders instead of the FHA. That independence opens the door to features a HECM cannot offer, including larger loan amounts, no FHA mortgage insurance premium, and eligibility for some condos that are not FHA-approved.

Eligibility from age 55 in select states

No FHA mortgage insurance premium

Condos without FHA approval may qualify

No required monthly mortgage payments

Get Your Free Quote

Call Us: 800-558-0475

Why Choose a Proprietary Reverse?

Proprietary programs fill the gaps the HECM leaves open. For many homeowners they deliver more funds, lower upfront costs, or eligibility where a HECM is not available.

Eligibility

Available from age 55 in select states and 62 elsewhere, on a primary residence you occupy.

Higher Limits

Loan amounts are not tied to the FHA limit, with some programs reaching up to $4 million.

Property Types

Some condominiums that lack FHA approval can still qualify under proprietary guidelines.

Lower Upfront Cost

There is no FHA mortgage insurance premium, which can lower your costs at closing.

Private Program Access

We compare proprietary programs from multiple reverse mortgage investors to find the best fit for your home and goals.

Side-by-Side Comparison

We run your numbers against a HECM too, so you see which option actually puts more money in your hands.

In-House Processing

From application to closing, your loan stays with our team. No third-party processors, no handoffs.

The Details

Understanding the
Proprietary Option.

Proprietary reverse mortgages follow each investor’s own guidelines rather than FHA rules. We explain exactly how the program you choose works before you commit.

How It Differs From a HECM

A proprietary loan is not insured by the FHA, so it has no FHA mortgage insurance premium and no FHA loan limit. Interest rates and payout options are set by the investor, and many programs offer a lump sum or line of credit.

Who It Fits Best

Homeowners with higher-value homes, younger borrowers in states where age 55 is allowed, and owners of condos without FHA approval often benefit most. For others, a HECM may still come out ahead, and we will tell you.

Your Ongoing Responsibilities

You keep the title and must live in the home, pay property taxes and homeowners insurance, and maintain the property. Most programs also include independent counseling before closing so you fully understand the loan.

How It Works

Our Loan Process

Four clear steps from your first conversation to closing day, all handled by one in-house team.

Consultation

We start by understanding your goals. Your dedicated loan officer reviews your situation and recommends the right program.

Pre-Approval

Our technology compares your scenario across multiple investors in minutes. You get a clear picture of your rates, costs, and options.

Processing

Your in-house processor collects documents, orders the appraisal, and coordinates with title and closing. No third-party handoffs.

Closing

Final documents are prepared, reviewed, and signed. Funds are disbursed. Your loan officer stays with you through the last signature.

Ready to Get Started?

500 N. Franklin Turnpike, Suite 303
Ramsey, NJ 07446

Call: 800-558-0475
Email: info@ophomeequity.com

Frequently Asked Questions

Answers to the questions we hear most about proprietary reverse mortgages.

What is a proprietary reverse mortgage?

It is a reverse mortgage offered by a private lender rather than insured by the FHA. It works on the same principle as a HECM, turning home equity into funds with no required monthly mortgage payments, but follows the investor's own guidelines.

Can I qualify at age 55?

In select states, yes. Some proprietary programs accept borrowers from age 55, while others require age 62. We will tell you which programs are available where you live.

Is a proprietary loan better than a HECM?

It depends on your home value, age, and goals. Higher-value homes often receive more from a proprietary program, while a HECM can be stronger for moderately valued homes. We compare both for you.

Are there upfront mortgage insurance costs?

No. Proprietary programs do not carry the FHA mortgage insurance premium. Other standard closing costs still apply, and we give you a full breakdown before you commit.

Do I still own my home?

Yes. You keep the title and ownership. You must live in the home as your primary residence, keep up with property taxes and insurance, and maintain the property.

What happens when the loan becomes due?

The loan is repaid when the last borrower sells, moves out permanently, or passes away. Heirs can pay off the balance to keep the home or sell it and keep any remaining equity.

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