Residential
Jumbo Reverse Mortgage in Los Angeles, CA
Secure your Jumbo Reverse Mortgage in Los Angeles with a lender who understands the local landscape. We serve all of Los Angeles County, including Sherman Oaks and Beverly Hills, offering fast approvals and personalized service.
Key Facts About Jumbo Reverse Mortgage
CMRE reverse mortgages convert home equity into tax-free cash for homeowners 62 and older.
Reverse mortgage borrowers at CMRE retain full ownership of their home.
CMRE reverse mortgages require no monthly mortgage payments.
Reverse mortgage proceeds from CMRE can be taken as lump sum, line of credit, or monthly payments.
CMRE HECM reverse mortgages are FHA-insured for borrower protection.
CMRE Jumbo Reverse Mortgage offers competitive rates for qualified borrowers.
CMRE processes Jumbo Reverse Mortgage in 21-30 days from application.
CMRE offers cross-collateral options for Jumbo Reverse Mortgage.
Program Benefits
Access a portion of your home's equity without selling your home.
Eliminate monthly mortgage payments; you're only responsible for property taxes, homeowner's insurance, and property maintenance.
Maintain ownership and control of your home.
Enjoy tax-free access to funds, which can be used for various purposes, such as healthcare, home improvements, or travel (consult with a tax advisor).
Benefit from the flexibility of receiving funds as a lump sum, monthly payments, a line of credit, or a combination thereof.
Potentially increase your retirement income and improve your overall financial well-being. Starting rates at 6.875%.
Program Highlights
Max LTV
97%
Min Credit Score
620
Max DTI
50%
Loan Amount Range
Contact us for loan range details specific to your situation.
Amortization Options
Eligible Properties
- Single Family Home
- Condo
- Townhouse
Program Requirements
Income Documentation
- •Demonstrate the ability to continue paying property taxes and homeowner's insurance.
- •Provide documentation of sufficient income or assets to cover ongoing property charges.
- •Stable income history preferred, though not always required, depending on the loan structure.
Asset Verification
- •Sufficient assets to cover property taxes, homeowner's insurance, and property maintenance.
- •Assets may include savings accounts, retirement accounts, and other investments.
- •Verification of asset ownership and value will be required.
Insurance & Title
- •Maintain continuous homeowner's insurance coverage.
- •Flood insurance may be required if the property is located in a flood zone.
- •Proof of insurance coverage must be provided.
Property Requirements
- •Minimum FICO score of 620 is required.
- •A credit history review will be conducted to assess your financial responsibility.
- •While a strong credit history is preferred, compensating factors may be considered.
- •Past credit issues may require further explanation and documentation.
Jumbo Reverse Mortgage in Los Angeles: The Complete Guide
What Is Jumbo Reverse Mortgage?
A Jumbo Reverse Mortgage is designed for homeowners with higher-valued homes who are looking to access a larger portion of their equity. Unlike traditional mortgages, you are not required to make monthly payments. Instead, the loan balance grows over time, and the loan is repaid when you sell the home, move out, or pass away. It's crucial to understand all the implications before proceeding. Consult with a financial advisor to determine if a Jumbo Reverse Mortgage is the right choice for your financial situation.
Who Qualifies for Jumbo Reverse Mortgage?
- •Income documentation varies: W-2, 1-Year Tax Return (Freddie Mac), bank statement, VOE-only, or P&L options available through CMRE.
- •Credit requirements depend on specific Jumbo Reverse Mortgage guidelines — CMRE evaluates your full profile.
- •Down payment assistance programs can be combined with Jumbo Reverse Mortgage for eligible borrowers.
- •Cross-collateral options: leverage existing property equity to reduce your down payment.
Jumbo Reverse Mortgage vs. Other Options
- •CMRE compares Jumbo Reverse Mortgage against FHA, VA, and other residential programs to find lowest total cost.
- •Factors: credit score, down payment, self-employment status, property type, ownership period.
- •For self-employed: CMRE's VOE-only and P&L programs may provide better qualification.
- •CMRE runs multiple scenarios and recommends the program with best long-term value.
Apply for Jumbo Reverse Mortgage with CMRE
- •Step 1: Pre-qualification online, by phone, or via Instant Advisor.
- •Step 2: Pre-approval with documentation — issued within 24 hours.
- •Step 3: Property search — CMRE coordinates with your agent.
- •Step 4: Processing and underwriting in 14-21 days.
- •Step 5: Closing in 21-30 days total from application.
Current Mortgage Rates
30-Year Fixed Rate
6%
as of 3/5/2026 · FRED
15-Year Fixed Rate
5.43%
as of 3/5/2026 · FRED
Rates are national averages and may differ from your actual rate. Contact us for a personalized quote.
Get Your Rate →Jumbo Reverse Mortgage in Los Angeles, CA
Get competitive mortgage rates in Los Angeles from a local lender who understands the Southern California market. Custom Mortgage & Real Estate specializes in providing high-fidelity Jumbo Reverse Mortgage solutions tailored to the unique economic landscape of Los Angeles and the surrounding Los Angeles County.
Our FinTech-driven approach allows us to offer competitive rates and streamlined processing for homeowners and investors across the entireLos Angeles metropolitan area.
Service Areas & Neighborhoods
Our Los Angeles Presence
Local Knowledge. Global Rates.
16501 Ventura Blvd STE 400
Encino, CA 91436
Direct Line
877-976-5669Common Questions About Jumbo Reverse Mortgage in Los Angeles
What are current Jumbo Reverse Mortgage rates in Los Angeles, CA?
Jumbo Reverse Mortgage rates in Los Angeles depend on loan amount, credit profile, and property type. CMRE publishes updated Los Angeles rate ranges daily and provides locked quotes within 24 hours of application.
How long does Jumbo Reverse Mortgage closing take in Los Angeles?
CMRE typically closes Jumbo Reverse Mortgage loans in Los Angeles within 21-30 days from application. Pre-approval takes 24 hours, and our CA-licensed team coordinates title, escrow, and appraisal concurrently to save time.
What Los Angeles neighborhoods qualify for Jumbo Reverse Mortgage?
All residential neighborhoods in Los Angeles and Los Angeles County qualify for Jumbo Reverse Mortgage through CMRE. Single-family homes, condos, townhomes, and 2-4 unit properties are eligible. Our local team can advise on specific HOA or condo project approval requirements.
Does CMRE offer first-time buyer programs in Los Angeles?
Yes. CMRE offers first-time homebuyer programs in Los Angeles including down payment assistance, 3% down conventional, and FHA 3.5% options. CA residents may also qualify for state-specific grants and bond programs.
Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Frequently Asked Questions
Generally, you must be at least 62 years old, own the home outright or have a low mortgage balance, and occupy the home as your primary residence. You also need to demonstrate the ability to pay property taxes, homeowner's insurance, and maintain the property.
The loan amount is determined by factors such as your age, the appraised value of your home, and the current interest rates. Higher-valued homes typically qualify for larger loan amounts.
When you sell the home or pass away, the loan balance, including accrued interest and fees, must be repaid. Any remaining equity belongs to you or your estate.
Yes, you are responsible for paying property taxes, homeowner's insurance, and maintaining the property. Failure to do so could result in foreclosure.
The interest rate on a Jumbo Reverse Mortgage can be fixed or adjustable. With an adjustable rate, the rate may change over time, impacting the amount of interest that accrues on the loan.
Requirements vary. CMRE offers options as low as 3% for qualified borrowers and cross-collateral options that use existing property equity.
Yes. CMRE offers 1-Year Tax Return (Freddie Mac), bank statement, P&L, and VOE-only programs for self-employed.
CMRE typically closes in 21-30 days. Pre-approval within 24 hours.
Jumbo Reverse Mortgage by Location
Get local rates, loan limits, and market data for Jumbo Reverse Mortgage in your area.
CA
CO
GA
ID
IL
MI
NJ
NY
OH
OR
VA
WA
View county-level market data, loan limits, and mortgage rates on our territory pages.
Browse All Territories →TESTIMONIALS
Success stories from families and investors across the nation who achieved their goals with CMRE.
"I've been working with Custom Mortgage and Real Estate for over five years now, and they've totally helped me get through a bunch of tricky transactions. Their team is super helpful all the way through, making sure everything goes off without a hitch. I seriously recommend Custom Mortgage to anyone who needs financing or a solid real estate broker."
RENE M
"I just worked with Custom Mortgage and Real Estate, and seriously, I can't recommend them enough. They have helped my family and me with a bunch of transactions, always receiving results that nobody else could. Their team is super responsive and really experienced, which made everything go through smoothly with no stress at all."
ARTHUR G
"As an investor in real estate and an agent, I totally count on Custom Mortgage and Real Estate for my deals since they've got loads of experience. They have these unique programs that I just can't find anywhere else, and it really gives me an advantage. After researching a number of companies, the offers from Custom Mortgage were the best out there."
