(Applicable to Retail and Wholesale Channel)
Sun West Mortgage Company, Inc. has rolled out its proprietary Jumbo Reverse Mortgage Program, The CashKeeper, in additional states. You can now originate in California, Arizona, Florida and New Jersey. Look for more states in the next 30 days.
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.
Important program features:
*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.
For any additional questions on the program, please email Sun West's underwriting scenario desk at email@example.com or call our Underwriting Hotline at (800) 241-7113.
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.