Proprietary & Jumbo Reverse Mortgage Options in Hawaii
Explore jumbo and proprietary reverse mortgages for high-value Hawaiʻi homes. Get larger payouts, flexible rules, and a free AI-powered jumbo estimate.
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Designed for Higher-Value Hawaii Homes & Condos
Many Hawaiʻi homes exceed the FHA lending limits for standard HECM reverse mortgages.
If your home is worth more than these limits, a proprietary (jumbo) reverse mortgage may offer significantly higher access to your equity.
Perfect for:
- High-value Oʻahu homes
- Maui coastal properties
- Big Island luxury homes
- Waikīkī and Kakaʻako condos
- Homes exceeding HECM caps
This guide explains jumbo reverse mortgages clearly — with local insight and aloha.
What Is a Proprietary / Jumbo Reverse Mortgage?
A proprietary or jumbo reverse mortgage is a non-FHA reverse mortgage designed specifically for higher-value homes.
Unlike HECM, jumbo programs are offered by private lenders and typically allow:
- Much higher loan limits
- Flexible property requirements
- More generous payout structures
- Easier condo approval
- Faster processing times
This is especially beneficial in Hawaiʻi, where home values are among the highest in the U.S.
Free Jumbo Reverse Mortgage Calculator
Home value
Higher values = larger payouts.
Age of the youngest borrower
Older borrowers qualify for more.
Existing mortgage balance
The jumbo reverse mortgage must pay off any existing loan balance first.
Property type
Single-family, condo, high-rise, newer builds, or luxury estates.
Interest rates & private program rules
Varies by lender — but your AI calculator handles all of this automatically.
Optional Local Guidance From Percy Ihara
For homeowners with high-value properties, it’s often helpful to talk with a local expert.
Percy can help with:
- Luxury property evaluation
- Condo + high-rise eligibility
- Inheritance planning with ʻohana
- HECM vs. Jumbo comparison
- Long-term equity strategy
Always optional. Always zero pressure.
Proprietary Reverse Mortgage Calculator
Non-FHA Private Lender Options for Higher-Value Homes
Program Information: Jumbo Reverse
- Maximum Loan Amount: $4,000,000
- Minimum Home Value: $700,000
- No FHA Mortgage Insurance Premium (MIP)
- 2.0% Origination Fee (Max: $15,000)
Note: This is an estimate. Your actual eligibility and loan amount will depend on a full financial review and HUD counseling.
Why Jumbo Reverse Mortgages Are Popular in Hawaiʻi
Hawaiʻi homes often exceed federal HECM limits
Even modest homes in Honolulu, Maui, and Oʻahu suburbs can sit above FHA caps.
Condos often qualify more easily
Jumbo loans don’t require FHA condo approval.
Larger payout options
High-value properties mean more accessible equity.
Flexible options for multigenerational living
Funds can help families coordinate caregiving, improvements, or long-term plans.
No mortgage payments required
Just like a HECM — you continue paying taxes, insurance, and upkeep.
Jumbo Reverse Mortgage Benefits
1. Higher Loan Amounts
Homes worth $1M – $4M+ may receive significantly more equity than through a HECM.
2. Better for Luxury or High-Equity Homes
Ideal for coastal, resort-area, or high-value neighborhoods.
3. Flexible Property Types
More options for:
- Older condos
- Condotels (case-by-case)
- High-rise units
- Homes with unique layouts
4. No FHA Guidelines
This means:
- Faster approval
- Fewer property restrictions
- Greater payout flexibility
5. Same No-Payment Structure
Just like a HECM, no monthly mortgage payments are required.
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Jumbo Reverse Mortgage Eligibility (Hawaiʻi)
62+ years old
Some jumbo programs allow 60+ depending on the lender.
Primary residence
The home must be where you live most of the year.
High home value
Generally $1M+ in Hawaiʻi markets.
Sufficient equity
You don’t need the home paid off — but equity must be strong.
Property condition
Basic safety standards and upkeep.
HECM vs. Jumbo Reverse Mortgage in Hawaiʻi
| Feature | HECM (FHA-Insured) | Jumbo / Proprietary Reverse Mortgage |
| Insurance | FHA-insured | Private lender |
| Loan limits | Capped by FHA | Much higher ($1M–$4M+) |
| Condo approval | FHA or Single-Unit Approval required | More flexible |
| Age requirement | 62+ | 60–62+ (program dependent) |
| Payout amount | Moderate | Much larger |
| Protections | Strong HUD protections | Varies by lender |
| Best for | Typical homes | High-value Hawaiʻi homes |
You can offer both, which allows homeowners to compare and choose the best fit.
Get Your Personalized Hawaii Reverse Mortgage Estimate
- Simple.
- Local.
FAQs: Jumbo / Proprietary Reverse Mortgage Hawaiʻi
1. What is the main difference between a jumbo and a HECM reverse mortgage?
A jumbo reverse mortgage is a non-FHA, privately backed loan designed for higher-value homes, while a HECM is FHA-insured with federally set lending limits. Jumbo loans allow much larger payouts and more flexible property rules, especially useful in Hawaiʻi.
2. What home value qualifies for a jumbo reverse mortgage in Hawaiʻi?
Most jumbo reverse mortgages are designed for homes valued at $1 million or higher, which is common in Oʻahu, Maui, and many Big Island or Kauaʻi neighborhoods.
3. Can Hawaiʻi condos qualify for a jumbo reverse mortgage?
Yes. In fact, many condos that don’t meet FHA requirements may qualify under jumbo programs, including high-rise condos and certain buildings in Waikīkī, Kakaʻako, Lahaina, and Kona.
4. Is the jumbo reverse mortgage age requirement different from HECM?
Often yes.
Some proprietary programs allow borrowers as young as 60, while HECM requires 62+. The exact age depends on the private lender.
5. Are jumbo reverse mortgage funds also tax-free?
Yes. Just like HECM, funds received from a jumbo reverse mortgage are tax-free, since they are not considered income.
6. Can I still get a jumbo reverse mortgage if I have an existing mortgage?
Yes. The jumbo reverse mortgage will first pay off your current mortgage, eliminating monthly payments. Any remaining equity becomes available as part of your jumbo loan proceeds.
7. Are jumbo reverse mortgages safe for Hawaiʻi homeowners?
Yes—when handled by a reputable lender. While not FHA-insured, proprietary lenders still maintain strong protections, and you may also opt for local guidance from licensed expert Percy Ihara (NMLS #582944) for additional peace of mind.
8. Do jumbo reverse mortgages work for second homes or investment properties?
No.
Just like HECM, jumbo reverse mortgages generally require the home to be your primary residence.
9. What factors determine my jumbo reverse mortgage amount?
Your payout depends on:
- Home value
- Age of youngest borrower
- Current mortgage balance
- Property type
- Interest rates
- Program rules from the lender
High home values in Hawaiʻi often lead to significantly larger payout options.
10. How do I know whether I should choose HECM or a jumbo reverse mortgage?
Use your free AI-powered calculator to see side-by-side results. You’ll instantly learn:
- Which option gives you more money
- Eligibility for both programs
- Long-term projections and remaining equity
How each option works for your specific property type
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AI Reverse Mortgage Hawaii
Clear Reverse Mortgage Guidance for Hawaii Seniors
Percy Ihara
Reverse Mortgage Specialist
NML#: 582944
Phone: +1(808)234-3117
Email: percy@c2hawaii.com
Address: Pauahi Tower, 1003 Bishop St Suite 2700-42, Honolulu, HI 96813
Serving ALL Hawaiian Islands: Kauai, Oahu, Molokai, Lanai, Maui, and Big Island