HomeSafe vs SecureEquity+

HomeSafe (Finance of America Reverse) and SecureEquity+ (Mutual of Omaha Reverse, NMLS #1025894) are privately issued jumbo reverse mortgages, neither FHA-insured. Both reach borrowers as young as 55 in most states, with 60-year floors in Massachusetts, New York, and Washington and a HomeSafe-only 62-year floor in North Carolina and Texas.

HomeSafe, from Finance of America Reverse, and SecureEquity+, from Mutual of Omaha Reverse, are two of the three live jumbo reverse mortgage programs. Jumbo reverse mortgages are privately issued, not FHA-insured, and built for homes worth well above the HECM lending limit. This page is a parameter card. The two programs are listed alphabetically and shown on their published terms; it is not a ranking, and there is no "better" program named here.

Last reviewed 2026-05-22

How do HomeSafe and SecureEquity+ compare side by side?

| Parameter | HomeSafe (Finance of America Reverse) | SecureEquity+ (Mutual of Omaha Reverse) | |---|---|---| | Product type | Jumbo, privately issued, not FHA-insured (FAR HomeSafe parameter sheet) | Jumbo, privately issued, not FHA-insured (Mutual of Omaha Reverse SecureEquity+ parameter sheet) | | Issuer | Finance of America Reverse | Mutual of Omaha Mortgage Inc., Mutual of Omaha Reverse division (NMLS #1025894) | | Minimum borrower age | 55 in most states; 62 in North Carolina and Texas; 60 in Massachusetts, New York, Washington (FAR HomeSafe disclosure pages) | 55 in most states, including North Carolina and Texas; 60 in Massachusetts, New York, Washington (SecureEquity+ parameter sheet) | | Maximum loan cap | Up to $4,000,000 on the loan, not the home value (FAR HomeSafe parameter sheet) | Up to $4,000,000 on the loan, not the home value (SecureEquity+ parameter sheet) | | Payout modes | Lump sum or line of credit; tenure not offered | Lump sum or line of credit; tenure not offered | | Interest rate type | Typically fixed; line-of-credit variant available in select states | Typically fixed; line-of-credit variant available in select states | | Mortgage insurance premium | None; jumbo programs carry no FHA MIP | None; jumbo programs carry no FHA MIP | | Counseling | Required as a lender condition, using the same HUD-approved counselors as HECM | Required as a lender condition, using the same HUD-approved counselors as HECM | | Non-recourse basis | Contractual, under the lender's note rather than federal statute | Contractual, under the lender's note rather than federal statute | | Distinctive program feature | The longest-running of the three proprietary programs, originated in 2014 (FAR HomeSafe parameter sheet) | The parent-company brand: Mutual of Omaha is an insurance and financial-services company in continuous operation since 1909 (Mutual of Omaha Reverse SecureEquity+ parameter sheet) |

Where do HomeSafe and SecureEquity+ differ?

The age rule in North Carolina and Texas is the one published parameter that separates the two. HomeSafe sets a minimum age of 62 in those two states, a HomeSafe-specific exception tied to Finance of America Reverse's state licensing. SecureEquity+ admits at 55 in North Carolina and Texas. For a borrower aged 55 to 61 in either state, that difference can decide the program outright. Everywhere else both admit at 55, and both step up to 60 in Massachusetts, New York, and Washington.

The other difference is the issuer profile, which matters more on a jumbo loan than on a HECM. A jumbo program's non-recourse protection is contractual and runs through the lender, so issuer durability is part of the picture. HomeSafe's distinctive point is its tenure: it is the longest-running of the proprietary programs, originated in 2014. SecureEquity+ is positioned around the Mutual of Omaha parent brand, an insurance company operating since 1909. Both are signals about institutional staying power rather than loan terms, and a borrower weighing contractual non-recourse can reasonably factor them in.

What do HomeSafe and SecureEquity+ have in common?

The headline numbers are nearly identical: a $4M loan cap, no MIP, lump sum or line of credit but not tenure, typically fixed-rate, and counseling required as a lender condition. Both carry contractual non-recourse rather than the statutory non-recourse of a HECM. Neither line-of-credit variant grows the way a HECM line of credit does.

How do you choose between HomeSafe and SecureEquity+?

The row order is not a ranking. The decisive parameter, when there is one, is the North Carolina and Texas age rule. Outside those two states the choice usually comes down to the quoted rate and margin, the contract language, and how a borrower weighs the two issuers. A HUD-approved counselor can run both against the same age and home value. The HECM-vs-jumbo guide covers when a federal HECM is the right screen first; running the home value and age through the reverse mortgage calculator shows what a HECM would return as the baseline. The full parameter cards are at HomeSafe and SecureEquity+.

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