We Offer The Platinum Proprietary Retirement Mortgage

Platinum Proprietary Retirement Mortgage

At Freestone Mortgage, we’re committed to helping clients unlock the full potential of their home equity, especially when traditional options fall short. That’s why we offer the Platinum Proprietary Retirement Mortgage, a private solution through Longbridge Financial that expands access to equity with fewer restrictions and greater flexibility.

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What Is the Platinum Proprietary Retirement Mortgage?

The Platinum proprietary retirement mortgage is a non-FHA, privately funded loan available to homeowners aged 55 and older (in most states). Unlike the FHA-insured HECM, this program is not subject to county lending limits or standard federal guidelines.

This makes the Platinum proprietary retirement mortgage an excellent option for borrowers with higher-value homes or unique situations where a HECM may not be the right fit.

Similar Protections to HECM

Even though it’s a private loan, Platinum still includes key borrower protections:

Non-recourse loan – you’ll never owe more than the value of your home
Negative amortization structure
No required monthly mortgage payments

Key Features & Advantages

Available for homeowners 55+ in most states
Designed for primary residences only
No mortgage insurance premiums
Lower closing costs than traditional HECM loans
Access up to $4 million in loan proceeds
Line of credit available in select states
Eligible for non-FHA-approved condo projects (in some cases)
Property must be valued at $450,000 or more
Can be used to purchase or refinance

Whether you’re looking to right-size, tap into built-up equity, or simply want more retirement liquidity, this program offers a strategic alternative to the traditional reverse mortgage.

Is The Platinum Proprietary Retirement Mortgage Right for You?

If your home is valued at $450,000 or more and you’re seeking a mortgage for seniors with lower upfront costs and no mortgage insurance, the Platinum proprietary retirement mortgage may be the solution you’ve been looking for.

Contact our team today for a personalized snapshot of your options. Rates can change weekly, so it’s important to get updated figures before making a decision.