Proprietary reverse mortgages are private loan programs designed to help eligible homeowners access a portion of their home equity without making monthly mortgage payments. These loans are often a strong option for borrowers with higher-value homes or those who may need more flexibility than a standard FHA reverse mortgage can provide, offering tailored solutions based on the borrower’s goals and property value.

With a proprietary reverse mortgage, homeowners typically retain title to the home and can choose how to receive funds, such as a lump sum, monthly payments, or a line of credit. While these programs offer flexibility and access to more equity in some cases, borrowers are still responsible for property taxes, homeowners insurance, and ongoing maintenance, and the loan is generally repaid when the home is sold, the borrower moves out, or the borrower passes away.