Proprietary Reverse Mortgages

A proprietary reverse mortgage is a non-FHA product offered by a private lender or investor. Unlike a HECM, it is not insured by the federal government, so eligibility, fees, and borrower protections are set by the program - not HUD.

Some proprietary products allow younger borrowers (in some cases as young as 55), higher loan amounts on high-value homes, or different draw options. Non-recourse terms, counseling requirements, and occupancy rules can also differ by program.

Product availability and terms change. Confirm with a Gold Star loan officer which proprietary reverse mortgage programs we offer, the age minimums that apply, and whether a HECM or another equity option may fit better for your goals.