HomeSafe and HECMs are two types of reverse mortgages designed for different situations. HECMs are available for homeowners 62+, offer loan amounts based on a lower government limit, and have a mortgage insurance requirement. HomeSafe is a jumbo reverse mortgage for homeowners 55+** who want to borrow up to $4 million without paying mortgage insurance or an origination fee.
**For certain HomeSafe products only, excluding Massachusetts, New York, and Washington, where the minimum age is 60, and North Carolina and Texas where the minimum age is 62.