The HomeSafe® Proprietary Mortgage for Seniors

At Freestone Mortgage, we understand that not every homeowner fits within the limits of the FHA-insured HECM program. That’s why we proudly offer the HomeSafe® proprietary mortgage for seniors through Finance of America- a flexible solution for clients aged 55+ seeking to purchase or refinance higher-value homes.

Elderly man in a pink shirt smiles warmly with arms crossed, seated outdoors amidst lush greenery, conveying a feeling of contentment and tranquility.

What Is HomeSafe®?

The HomeSafe® proprietary mortgage for seniors is a privately funded loan that is not FHA-insured. This allows for greater flexibility in loan size, property types, and borrower qualifications, compared to standard HECM loans.

While the HomeSafe® proprietary mortgage for seniors shares several protections and features with the HECM program-such as non-recourse terms, negative amortization, and no required monthly mortgage payments-HomeSafe® stands apart with fewer restrictions and more borrowing power without the costs of mandatory mortgage insurance that the HECM program has.

Key Benefits of the HomeSafe® Proprietary Mortgage for Seniors

  • Available to homeowners aged 55+ (in most states)
  • Max loan amount up to $4 million
  • Lower closing costs than traditional HECMs
  • No mortgage insurance premiums
  • May be used on non-FHA-approved condos
  • Suitable for higher-value properties that exceed HECM limits
  • Access funds as a lump sum or line of credit (state-dependent)
  • Funds are non-taxable and can be used for any purpose
  • No prepayment penalties
  • No capital gains tax on proceeds*

Who Is The HomeSafe® Proprietary Mortgage For Seniors For?

HomeSafe® was created for retirees who:

  • Own or want to purchase a higher-valued home
  • Need a reverse mortgage option with fewer limitations
  • Are seeking lower upfront costs without sacrificing protections
  • Want to refinance a property that isn’t eligible for a traditional HECM

Let’s Talk About Your Options

Interest rates and lending criteria can shift weekly, and that directly impacts what you qualify for. If you think the HomeSafe® proprietary mortgage for seniors might be the right fit, let’s run a custom analysis.

*Always consult a tax professional regarding capital gains and loan proceeds.

How much do you qualify for?

No Obligation. No Credit Check.