Proprietary Reverse Mortgage Solutions for Greater Flexibility

A Proprietary Reverse Mortgage is a private reverse mortgage product designed to offer alternatives beyond traditional FHA-insured programs. These loans are ideal for homeowners seeking more flexibility in underwriting, property eligibility, or loan structure.
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How a Proprietary Reverse Mortgage Works

Unlike government-backed reverse mortgages, Proprietary Reverse Mortgages are offered by private lenders and follow their own guidelines. This allows for greater flexibility in loan amounts, payout options, and qualification standards. Borrowers can access equity through various disbursement methods depending on the specific program. We clearly explain how each structure works so clients understand repayment terms, obligations, and long-term considerations before moving forward.
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Eligibility and Property Considerations

Eligibility requirements for Proprietary Reverse Mortgages may differ from FHA programs, making them a viable option for borrowers who do not meet standard government criteria. Age requirements may vary, and property eligibility is often broader. These loans can accommodate higher-value homes, non-FHA-approved condominiums, and other qualifying properties. Our team carefully evaluates each scenario to determine whether a proprietary solution is the best fit.
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Benefits of a Proprietary Reverse Mortgage

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Flexible guidelines beyond FHA program limitations

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Suitable for higher-value or unique property types

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No required monthly principal and interest payments

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Customized loan structures to meet individual goals
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Customized Equity Access Without Monthly Payments

Proprietary Reverse Mortgages provide access to home equity without requiring monthly principal and interest payments. This structure helps improve cash flow while allowing homeowners to maintain ownership of their property. By tailoring loan terms to individual needs, this program supports a wide range of financial goals, including retirement income supplementation, debt consolidation, or major life expenses. We help clients structure their loan responsibly for long-term stability.
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Why Choose Tom Spaniel Reverse Mortgage

Choosing the right reverse mortgage partner is essential for making informed financial decisions and ensuring peace of mind throughout the loan process. With Tom Spaniel Reverse Mortgage, homeowners across Dallas, Austin, Houston, San Antonio, and Highland Park receive expert guidance, personalized service, and a transparent approach to every step of their reverse mortgage journey.

We are known for

Expert Reverse Mortgage Guidance in Texas: Providing personalized advice on HECM, Jumbo, Proprietary, and HECM for Purchase programs for homeowners in Dallas, Austin, Houston, San Antonio, and Highland Park.

Transparent and Trustworthy Service: Clear explanations of loan terms, obligations, and options so Texas homeowners feel confident at every step.

Local Market Knowledge: Deep understanding of property values, lending guidelines, and regional trends in Dallas, Austin, Houston, San Antonio, and Highland Park.

Long-Term Client Support: Ongoing guidance and support even after your loan closes, helping clients across Texas manage their reverse mortgage responsibly.

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Why Choose Rapid Closing?

Choosing the right mortgage partner can make all the difference in your homeownership journey. At Rapid Closing, we combine speed, expertise, and personalized care to deliver financing solutions that are tailored to your goals. Whether you’re a first-time home buyer, refinancing, or exploring specialized programs, our team is dedicated to making the process smooth, transparent, and stress-free. With Rapid Closing, you’re not just getting a loan—you’re gaining a trusted partner who stands by you every step of the way.

We are known for

Fast & Reliable Closings – Streamlined processes that save you time and stress.

Wide Range of Loan Programs – From FHA and VA to DSCR, Jumbo, and USDA loans.

Personalized Guidance – Clear, step-by-step support with dedicated loan specialists.

Flexible Solutions – Options designed for first-time buyers, investors, and unique situations.

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"FAQs"

A reverse mortgage is a loan that allows homeowners aged 62 and older to convert a portion of their home equity into cash. Unlike traditional mortgages, there are no monthly principal or interest payments. The loan is repaid only when the homeowner sells the home, permanently moves out, or passes away.

To qualify, at least one borrower must be 62 years or older, occupy the home as a primary residence, and meet property and insurance requirements. Programs like HECM, Jumbo, Proprietary, and HECM for Purchase may have additional eligibility criteria.

No. Borrowers retain full ownership of their home. You remain responsible for property taxes, insurance, and maintenance, but the lender does not take ownership of your property.

Yes. HECM for Purchase allows eligible Texas homeowners to buy a new primary residence using reverse mortgage proceeds, eliminating monthly mortgage payments and improving retirement cash flow.

You can receive reverse mortgage proceeds as a lump sum, monthly payments, a line of credit, or a combination, depending on your program and financial goals. We help you select the option that best supports your retirement needs.

Trusted Proprietary Reverse Mortgage Guidance in Texas

Because proprietary programs vary by lender, expert guidance is essential. Our focused reverse mortgage practice ensures clients receive accurate comparisons, transparent disclosures, and informed recommendations. Licensed exclusively in Texas, Tom Spaniel Reverse Mortgage serves homeowners throughout Dallas, Austin, Houston, San Antonio, and Highland Park. We provide consistent support from initial consultation through closing.