See Platinum Jumbo Numbers
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Michael G. Branson, CEO of All Reverse Mortgage, Inc., and moderator of ARLO™, has 45 years of experience in mortgage banking, with the past 20 years devoted exclusively to reverse mortgages. A Forbes Real Estate Council member, he developed the industry's first fixed-rate jumbo reverse mortgage and has been featured in Forbes, Kiplinger, the LA Times, and Yahoo Finance. (License: NMLS# 14040) |
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Cliff Auerswald, President of All Reverse Mortgage, Inc., and co-creator of ARLO™ — the industry's first real-time reverse mortgage pricing engine — has 27 years of experience in mortgage banking, with 20+ years focused exclusively on reverse mortgages. A recognized expert in reverse mortgage technology and consumer education, he has been featured in Kiplinger, Yahoo Finance, Realtor.com, and HousingWire. (License: NMLS# 14041) |
Platinum Jumbo Reverse Mortgage: A Clear, Expert Guide for 2026
A Platinum Jumbo reverse mortgage is a proprietary loan for homeowners 55+ with high-value homes or non-FHA condos — typically up to $4 million, with no FHA MIP and LTV that rises with age.
Michael G. Branson, CEO of All Reverse Mortgage, Inc. and moderator of ARLO™, has 45 years of experience in mortgage banking, with the past 20 years devoted exclusively to reverse mortgages. A Forbes Real Estate Council member, he has been featured in Forbes, Kiplinger, the LA Times, and Yahoo Finance. (License: NMLS #14040)
Cliff Auerswald, President of All Reverse Mortgage, Inc. and co-creator of ARLO™ — the industry's first real-time reverse mortgage pricing engine — has 27 years of experience in mortgage banking, with 20+ years focused exclusively on reverse mortgages. (License: NMLS #14041)
For years, families with higher-value homes had limited reverse mortgage options. The standard FHA Home Equity Conversion Mortgage (HECM) capped lending at $1,249,125, which meant many homeowners couldn’t access the equity they had worked a lifetime to build.
The Platinum Jumbo Reverse Mortgage changes that.
It’s a modern, flexible reverse mortgage program created for older homeowners with high-value properties, non-FHA-approved condos, and borrowers age 55+ who don’t qualify for a HECM.
Below, I’ll walk you through how it works, what’s new for 2026, who qualifies, and exactly how much you may receive based on your age and home value.
Did You Know? Even with a high-value home, a standard HECM caps lending at $1,249,125 in 2026. Platinum allows loan amounts up to $4,000,000.
What Is the Platinum Jumbo Reverse Mortgage?
The Platinum program is a jumbo reverse mortgage designed for:
- Homes worth well above the HECM lending limit
- Condominiums that aren’t FHA-approved
- Borrowers age 55 and older
- Homeowners who want no mortgage insurance premiums (MIP)
- Owners who want fixed-rate or line-of-credit options
- Borrowers seeking loan amounts up to $4,000,000
It works much like a traditional reverse mortgage:
You continue to own your home, you make no monthly mortgage payments, and repayment happens when you sell, move, or pass away.
Did You Know? Borrowers aged 55–61 aren’t eligible for a HECM, but they can qualify for a Platinum Jumbo Reverse Mortgage in most states.
Why Homeowners Choose Platinum Over a HECM
1. Higher Lending Power (Up to $4 Million)
In 2026, the HECM maximum loan is capped at $1,249,125.
For high-value homes, that leaves significant untapped equity.
Platinum allows up to $4,000,000 in proceeds with no maximum property value.
2. No Mortgage Insurance Premium
HECMs require upfront and annual MIP.
Platinum charges no MIP, lowering overall loan costs.
3. Flexible Age Requirements
- HECM minimum age: 62
- Platinum minimum age: 55 (state rules vary)
This alone opens the door for thousands of homeowners who otherwise can’t qualify.
4. Condo Flexibility
Platinum accepts:
- FHA-approved condos
- FNMA warrantable condos
- Many condos are eligible under Limited Review
- FHA Single Unit Approved condos
Great for California, Florida, and other condo-heavy areas.
Did You Know? Many condos that fail FHA requirements still qualify under the Platinum warrantable condo guidelines, opening the door for condo owners who otherwise have no HECM option.
What’s New for the 2026 Platinum Program?
Platinum saw major updates for 2026, including:
More Accessible Property Requirements
- Minimum appraised value reduced to $350,000
- Manufactured ADUs allowed (value counted at 50%)
- Expanded condo eligibility across FHA, FNMA, and Single-Unit approvals
Smoother Underwriting
- Co-borrowers with no credit score allowed (if one borrower meets the requirement)
- No explanation letters required for scores under 660
- Past-due credit accounts may be cured at closing
- Borrowers with homes appraised over $2M may “use” $2M to avoid requiring two appraisals (if supported by the first)
Far More Transition Options
Borrowers applying for a HECM can move to a Platinum fixed-rate loan if it better fits their needs, with updated disclosures and Platinum counseling.
Did You Know? If your home appraises above $2 million, you can elect to “use” $2,000,000 as the valuation to avoid needing a second appraisal — as long as the first supports it.
How Much Can You Receive? (2026 Platinum LTV Table)
Your loan amount depends on the youngest borrower’s age and your home’s value.
Here is the 2026 Platinum Loan-to-Value chart:
Platinum Jumbo Reverse Mortgage LTV by Age: How Much You Get
| Youngest Borrower Age | LTV % (Loan-to-value) | Loan Amount on $1M Home | Loan Amount on $2M Home | Loan Amount on $3M Home |
|---|---|---|---|---|
| 55 | 36.10% | $361,000 | $722,000 | $1,083,000 |
| 56 | 36.30% | $363,000 | $726,000 | $1,089,000 |
| 57 | 36.50% | $365,000 | $730,000 | $1,095,000 |
| 58 | 36.70% | $367,000 | $734,000 | $1,101,000 |
| 59 | 37.10% | $371,000 | $742,000 | $1,113,000 |
| 60 | 37.40% | $374,000 | $748,000 | $1,122,000 |
| 61 | 37.70% | $377,000 | $754,000 | $1,131,000 |
| 62 | 38.00% | $380,000 | $760,000 | $1,140,000 |
| 63 | 38.40% | $384,000 | $768,000 | $1,152,000 |
| 64 | 38.90% | $389,000 | $778,000 | $1,167,000 |
| 65 | 39.40% | $394,000 | $788,000 | $1,182,000 |
| 66 | 39.90% | $399,000 | $798,000 | $1,197,000 |
| 67 | 40.50% | $405,000 | $810,000 | $1,215,000 |
| 68 | 41.00% | $410,000 | $820,000 | $1,230,000 |
| 69 | 41.60% | $416,000 | $832,000 | $1,248,000 |
| 70 | 42.30% | $423,000 | $846,000 | $1,269,000 |
| 71 | 43.00% | $430,000 | $860,000 | $1,290,000 |
| 72 | 43.80% | $438,000 | $876,000 | $1,314,000 |
| 73 | 44.70% | $447,000 | $894,000 | $1,341,000 |
| 74 | 45.70% | $457,000 | $914,000 | $1,371,000 |
| 75 | 46.70% | $467,000 | $934,000 | $1,401,000 |
| 76 | 47.80% | $478,000 | $956,000 | $1,434,000 |
| 77 | 48.60% | $486,000 | $972,000 | $1,458,000 |
| 78 | 49.40% | $494,000 | $988,000 | $1,482,000 |
| 79 | 50.40% | $504,000 | $1,008,000 | $1,512,000 |
| 80 | 51.40% | $514,000 | $1,028,000 | $1,542,000 |
| 81 | 52.60% | $526,000 | $1,052,000 | $1,578,000 |
| 82 | 53.90% | $539,000 | $1,078,000 | $1,617,000 |
| 83 | 55.10% | $551,000 | $1,102,000 | $1,653,000 |
| 84 | 56.00% | $560,000 | $1,120,000 | $1,680,000 |
| 85 | 57.00% | $570,000 | $1,140,000 | $1,710,000 |
| 86 | 57.30% | $573,000 | $1,146,000 | $1,719,000 |
| 87 | 57.60% | $576,000 | $1,152,000 | $1,728,000 |
| 88 | 57.80% | $578,000 | $1,156,000 | $1,734,000 |
| 89 | 58.00% | $580,000 | $1,160,000 | $1,740,000 |
| 90-100 | 58.10% | $581,000 | $1,162,000 | $1,743,000 |
Example:
At age 72, the LTV is 43.80%.
On a $1,000,000 home, that equals $438,000 in available loan proceeds.
Highest LTV tier, as of October 2026: applies to the 9.490% fixed rate and all adjustable rates (currently 10.075%, 5.625 margin) on our rates page; lower fixed rates use a lower LTV tier.
Example 1: 72-Year-Old With a $900,000 Home
- Age: 72
- LTV: 43.80%
- Loan amount: $900,000 × 43.80% = $394,200
- Existing mortgage: $180,000
- Cash available after payoff: $214,200
Perfect for homeowners who want to eliminate their payment and set aside additional cash.
Example 2: 58-Year-Old With a $2,400,000 Home
- Age: 58
- LTV: 36.70%
- Loan amount: $2,400,000 × 36.70% = $880,800
- Existing mortgage: $300,000
- Remaining funds: $580,800
Ideal for younger 55–61 homeowners or those ineligible for FHA loans.
Example 3: 67-Year-Old With a $1,150,000 Condo (Not FHA-Approved)
- Age: 67
- LTV: 40.50%
- Loan amount: $1,150,000 × 40.50% = $465,750
A strong option for condo owners who don’t meet FHA condo rules.
Example 4: 60-Year-Old Planning Ahead With a $1,000,000 Home
- Age: 60
- LTV: 37.40%
- Loan amount: $374,000
- Line of credit available: $280,500 (after required first draw)
Great for long-range planning and future medical or home needs.
Example 5: 83-Year-Old With a $3,000,000 Home
- Age: 83
- LTV: 55.10%
- Loan amount: $1,653,000**
One of the strongest loan amounts available under any reverse mortgage in 2026.
Example 6: 75-Year-Old Paying Off a Large Mortgage
- Age: 75
- LTV: 46.70%
- Home value: $1,800,000
- Loan amount: $840,600
- Existing mortgage: $580,000
- Cash available: $260,600
Powerful for freeing up monthly income.
Example 7: 55-Year-Old Homeowner With a $1,500,000 Home
- Age: 55
- LTV: 36.10%
- Loan amount: $541,500
This is the youngest eligible age and one of the most common scenarios for homeowners wanting access before HECM eligibility.
Who Qualifies for a Platinum Jumbo Reverse Mortgage?
You may be eligible if:
- You are 55+ (62+ in some states)
- You own a single-family home, townhome, FHA-approved condo, warrantable condo, or 2–4 unit property
- You live in the home as your primary residence
- You complete the required counseling
- You meet the credit and property charge guidelines
General Credit Rules
- 720+ = simplified review
- 600–719 = full financial assessment
- Under 600 = ineligible
How the Platinum Line of Credit Works
In addition to the fixed-rate option, Platinum offers a line of credit with:
- No monthly payments
- Growth feature
- Option to draw funds when needed
- Flexibility for retirement planning
This is especially attractive for:
- Borrowers under 62
- Owners of FHA-ineligible condos
- Homes with solar leases
Is the Platinum Jumbo Reverse Mortgage Safe?
Yes. Like all reverse mortgages:
- You remain the owner
- The loan is non-recourse — you never owe more than the home’s value
- Your heirs can walk away, sell the home, or refinance
- There are no monthly mortgage payments
- You only must keep taxes, insurance, and maintenance current
Platinum also includes the same independent counseling requirement you see with HECM loans.
Platinum vs. HECM: Quick Comparison
| Feature | HECM | Platinum Jumbo |
|---|---|---|
| Lending Limit | $1,249,125 | Up to $4,000,000 |
| Minimum Age | 62 | 55 |
| MIP Required? | Yes | No |
| Condo Eligibility | Strict FHA rules | Expanded options |
| Loan Types | Fixed + LOC | Fixed + LOC |
| Best For | Moderate-value homes | High-value homes and borrowers needing more proceeds |
ARLO Jumbo vs HECM
ARLO Jumbo vs HECM: How Much Could You Get?
Example amounts by youngest borrower age and home value. In each cell, the higher amount is highlighted, and the green line shows the jumbo advantage.
| Age of youngest borrower | Home value | ||||||
|---|---|---|---|---|---|---|---|
| $350K home value | $500K home value | $750K home value | $1.0M home value | $1.5M home value | $2.5M home value | $4.0M home value | |
| Age 62HECM 34.5%ARLO Jumbo 38.0%Jumbo advantage | HECM $120,750ARLO jumbo $133,000Jumbo advantage: +$12,250 | HECM $172,500ARLO jumbo $190,000Jumbo advantage: +$17,500 | HECM $258,750ARLO jumbo $285,000Jumbo advantage: +$26,250 | HECM $345,000ARLO jumbo $380,000Jumbo advantage: +$35,000 | HECM $430,948ARLO jumbo $570,000Jumbo advantage: +$139,052 | HECM $430,948ARLO jumbo $950,000Jumbo advantage: +$519,052 | HECM $430,948ARLO jumbo $1,520,000Jumbo advantage: +$1,089,052 |
| Age 70HECM 40.3%ARLO Jumbo 42.3%Jumbo advantage | HECM $141,050ARLO jumbo $148,050Jumbo advantage: +$7,000 | HECM $201,500ARLO jumbo $211,500Jumbo advantage: +$10,000 | HECM $302,250ARLO jumbo $317,250Jumbo advantage: +$15,000 | HECM $403,000ARLO jumbo $423,000Jumbo advantage: +$20,000 | HECM $503,397ARLO jumbo $634,500Jumbo advantage: +$131,103 | HECM $503,397ARLO jumbo $1,057,500Jumbo advantage: +$554,103 | HECM $503,397ARLO jumbo $1,692,000Jumbo advantage: +$1,188,603 |
| Age 75HECM 43.2%ARLO Jumbo 46.7%Jumbo advantage | HECM $151,200ARLO jumbo $163,450Jumbo advantage: +$12,250 | HECM $216,000ARLO jumbo $233,500Jumbo advantage: +$17,500 | HECM $324,000ARLO jumbo $350,250Jumbo advantage: +$26,250 | HECM $432,000ARLO jumbo $467,000Jumbo advantage: +$35,000 | HECM $539,622ARLO jumbo $700,500Jumbo advantage: +$160,878 | HECM $539,622ARLO jumbo $1,167,500Jumbo advantage: +$627,878 | HECM $539,622ARLO jumbo $1,868,000Jumbo advantage: +$1,328,378 |
| Age 80HECM 47.7%ARLO Jumbo 51.4%Jumbo advantage | HECM $166,950ARLO jumbo $179,900Jumbo advantage: +$12,950 | HECM $238,500ARLO jumbo $257,000Jumbo advantage: +$18,500 | HECM $357,750ARLO jumbo $385,500Jumbo advantage: +$27,750 | HECM $477,000ARLO jumbo $514,000Jumbo advantage: +$37,000 | HECM $595,833ARLO jumbo $771,000Jumbo advantage: +$175,167 | HECM $595,833ARLO jumbo $1,285,000Jumbo advantage: +$689,167 | HECM $595,833ARLO jumbo $2,056,000Jumbo advantage: +$1,460,167 |
Assumptions, as of October 2026. Example only, not a loan offer. Amounts are gross principal limits before upfront mortgage insurance and closing costs. Jumbo amounts use the loan-to-value percentages in the chart above. Highest LTV tier, as of October 2026: applies to the 9.490% fixed rate and all adjustable rates (currently 10.075%, 5.625 margin) on our rates page; lower fixed rates use a lower LTV tier. HECM amounts use HUD’s principal limit factors at today’s lowest HECM adjustable rate (6.25%, 1.75 margin) times the lesser of home value or the 2026 HUD limit of $1,249,125. Jumbo examples start at the $350,000 minimum home value and go up to $4 million. Actual amounts depend on rate, fees and lender approval.
Want your own numbers? See the full jumbo reverse mortgage loan-to-value chart, get a free quote, or call us Toll-Free at (800) 565-1722.
Should You Consider a Platinum Jumbo Reverse Mortgage?
Here’s when it makes sense:
- Your home is worth more than the HECM lending limit
- You need access to a larger portion of your equity
- You own a condo that doesn’t meet HUD rules
- You are 55–61 and don’t qualify for a HECM
- You want a fixed rate and no mortgage insurance premiums
- You want flexibility for estate planning or long-term care planning
In short, Platinum gives you more options where HECM stops.
See Your Platinum Eligibility in Seconds
If you want a clear, real number — not a rough estimate — you can check your Platinum loan amount instantly.
- No personal information.
- Real-time rates and APR.
- Accurate age-based LTV.
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