Many elder law attorneys hesitate to recommend reverse mortgages — often because of outdated perceptions or concerns about client risk. But today’s products, from FHA-insured HECMs to Jumbo / HomeSafe Reverse Mortgages, offer strong safeguards and flexible planning options that can unlock significant value for your clients.
• Past reputation of reverse mortgages with fewer protections
• Concerns about clients losing their homes or heirs losing equity
• Confusion about tax implications or Medicaid/SSI impacts
• Misconceptions about ownership and non-recourse protections
Today’s reverse mortgage landscape has evolved. Both FHA HECMs and Jumbo/HomeSafe products provide regulated structures and flexible strategies that can complement elder law planning.
• Ages 62+
• Federally regulated with mandatory HUD counseling
• Access up to $1,149,825 (2025 lending limit)
• Flexible disbursement: lump sum, monthly income, or line of credit
• Non-recourse loan — clients or heirs never owe more than the home’s value
• Includes spousal protections and optional LESA reserves for taxes/insurance
• Designed for homes above the FHA limit
• Loan amounts up to $4 million
• Available to borrowers as young as 55 in many states
• No FHA mortgage insurance premiums
• Ideal for clients with significant home equity who want maximum liquidity
• Lump sum access in the first year, with growing options for structured payouts
• Preserve Homeownership → Clients keep title and control of the property
• Unlock Tax-Free Liquidity (consult tax advisor) → Fund care, pay debts, manage rising costs
• Expand Planning Flexibility → Coordinate cash flow strategies alongside trusts, Medicaid, and estate plans
• Protect Heirs → Both HECM and Jumbo loans are non-recourse; heirs keep any remaining equity
• Serve Younger, High-Net-Worth Clients → Jumbo/HomeSafe options open planning opportunities previously unavailable
For many clients, housing wealth is their largest untapped asset. Today’s modern reverse mortgage programs — whether FHA HECM or Jumbo/HomeSafe — allow attorneys to offer clients safer, smarter, and more flexible solutions for long-term financial stability without giving up ownership or control.
Reach out to discover safe, flexible reverse mortgage solutions designed to protect your clients’ legacy.
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