After the announcement that Financial Freedom was suspending their Cash Account program, several RMD readers asked me who was still offering a jumbo reverse mortgage for brokers. Here is a list of lenders that are still offering the products:
- Gold Reverse Jumbo – Available in CA, FL, and NV.
- LLS Equity Plus Advantage – Available in AL, AZ, CA, CO, CT, DC, FL, IL, LA, ME, MD, MI, MS, MO, NJ, NM, NC, NY, NV, OH, OR, PA, SC, TC, and VA.
- EverBank Reverse Select – Available in AZ, CA, CO, CT, DC, DE, FL, GA, HI, ID, IL, IN, MD, NV, NH, NJ, NY, OH, OR, PA, RI, SC, TX, UT, VA, and WA.
- 1st Reverse Fixed 4 Life – Available in AZ, CA, CO, CT, DC, DE, FL, GA, HI, ID, IL, IN, MD, NV, NH, NJ, NY, OH, OR, PA, RI, SC, TX, UT, VA, and WA.
If I forgot anyone please let me know. Remember, this list doesn’t include retail lenders offering jumbo reverse mortgages.
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