(Applicable to Retail and Wholesale Channel in the state of California)
Sun West Mortgage Company, Inc. is introducing a new proprietary Jumbo Reverse Mortgage Program, The CashKeeper.
The new program provides financing for loan amounts higher than the maximum limit set by the Federal Housing Administration (FHA) for the Home Equity Conversion Mortgage (HECM) program.
Following are the important features of this program:
*The loan amount calculated above is for a 91 year old borrower at 7.5% interest rate and a property value of $5,000,000. The amount is after reducing the principal limit factor based on property value.
To obtain comparative information on different reverse mortgage products, access the Origination Calculator through sunsoft.
6131 Orangethorpe Avenue, Suite 500
Buena Park, CA 90620
Phone: (800) 453-7884
This information is provided to licensed mortgage professionals only and not for distribution to consumers. Please visit https://www.swmc.com/disclaimer.php or refer to www.nmlsconsumeraccess.org to see where Sun West Mortgage Company, Inc. (NMLS ID 3277) is a licensed lender and servicer. All Rights Reserved. We are not accepting applications from Georgia or Massachusetts residents. We are purchasing mortgages secured by Massachusetts properties but not Georgia. Sun West Mortgage Company, Inc. (NMLS ID 3277) holds a Financing Law License (#6030119) [Loans made or arranged pursuant to a California Financing Law license], licensed by the California Department of Business Oversight, Phone: (866) ASK-CORP and has a DRE Real Estate Corporation License Endorsement (#00793885), licensed by the California Department of Real Estate, Phone: (877) 373-4542.