SecureEquity+ reverse mortgage: program parameters and what they mean

SecureEquity+ is the jumbo (non-FHA) reverse mortgage issued by Mutual of Omaha Mortgage Inc., operating its reverse lending under the Mutual of Omaha Reverse division (NMLS #1025894). The product carries the parent-company brand (Mutual of Omaha is a 116-year-old insurance and financial-services brand), which is a relevant signal on a non-FHA-insured loan where issuer solvency is a real consideration. This page is a parameter card with sourcing, not a review. The headline numbers are below; the prose explains how to read them.

Last reviewed 2026-05-20

What is SecureEquity+?

SecureEquity+ is the jumbo (non-FHA) reverse mortgage issued by Mutual of Omaha Mortgage Inc., operating its reverse-lending business as the Mutual of Omaha Reverse division (NMLS #1025894). It competes with HECM for borrowers whose home value exceeds the FHA lending limit and with the other two live jumbo programs (FAR's HomeSafe and Longbridge's Platinum Preserve) above that limit. Its distinctive feature is the parent-company brand: Mutual of Omaha is a 116-year-old mutual insurance company in continuous operation since 1909, and on a non-FHA-insured product where issuer solvency is part of the contractual non-recourse picture, that institutional depth is the brand-trust signal the program is positioned around.

Published parameters

Source: Mutual of Omaha Reverse: SecureEquity+ rate and parameter sheet · last verified 2026-05-20

What "$4M cap" means

The $4M figure is a loan cap, not a property cap. A home appraised at $7M with a 25% loan-to-value SecureEquity+ draw funds about $1.75M, well under the $4M ceiling. A home appraised at $12M targeting the maximum draw is capped at $4M regardless of underlying value. Marketing copy that describes the product as a "$4M home value program" is wrong; the home value is uncapped, the loan is what is capped (Mutual of Omaha Reverse SecureEquity+ parameter sheet).

The age rule and where it changes

In most states, the SecureEquity+ floor is 55. Two state-level exception groups modify it:

• Massachusetts, New York, Washington: minimum age 60. This holds across all three live jumbo programs because the state regulation supersedes the program rule.
• Everywhere else, including North Carolina and Texas: 55. (HomeSafe's NC/TX exception that raises the floor to 62 is a HomeSafe-specific rule; SecureEquity+ admits at 55 in those states.)

A borrower aged 55–59 in MA, NY, or WA cannot use any of the live jumbo programs. A counselor can walk through alternatives outside the reverse-mortgage market.

Why parent-company brand matters here

On a federally-insured HECM, the lender's solvency does not directly affect non-recourse protection: it is statutory under 12 USC §1715z-20 and backed by FHA insurance. On a jumbo loan, the protection is contractual and runs through the lender's note and the parent company. If the lender becomes insolvent mid-loan, that protection becomes a creditor-claim question rather than a federal-statute one. The most recent precedent is Reverse Mortgage Funding LLC, which filed Chapter 11 on November 30, 2022, discontinued its Equity Edge program, and transferred its servicing book; existing borrowers were not made worse off, but the path ran through bankruptcy court.

Mutual of Omaha is one of the largest mutual insurance companies in the United States, in continuous operation since 1909. That does not eliminate the contractual-versus-statutory difference, but it is a longer solvency horizon than a venture-backed monoline reverse lender.

Rate, draw, and payout structure

SecureEquity+ is typically issued as a fixed-rate lump-sum loan. The full principal is drawn at close and the rate is locked for the life of the loan. A line-of-credit variant is available in select states; the LOC does not carry a published growth-rate formula (the HECM LOC grows at the note rate plus 0.5% MIP, a structural feature jumbo programs do not replicate).

The lender margin is set per quote and not published as a fixed schedule. A borrower comparing SecureEquity+ to HECM, or to the other two live jumbo programs, should request a quote against the same age, home value, and draw structure, then compare net cash to the borrower after closing costs.

Non-recourse and what backs it

Federal HECM non-recourse protection is statutory (12 USC §1715z-20). SecureEquity+ non-recourse is contractual; the protection lives in the language of the loan note. In practice it works the same way for the borrower: if the loan balance exceeds the home value at due-and-payable, the lender accepts the home (or 95% of appraised value if heirs choose to keep it) and cannot pursue other assets. The structural difference is the one named above: contractual protection is enforced through the lender's note and the parent company, not through federal statute.

When SecureEquity+ makes sense vs. when it does not

SecureEquity+ fits when the home is worth well above the $1,249,125 FHA HECM limit (HUD Mortgagee Letter 2025-22, effective January 1, 2026); the borrower wants a fixed-rate lump sum; the borrower weighs parent-company brand strength as part of the lender choice on a non-FHA-insured product; and the borrower is willing to trade statutory non-recourse for contractual non-recourse to capture the equity above the HECM cap.

SecureEquity+ does not fit when the home is at or below the FHA limit (HECM uses the full appraised value up to the cap, so there is no equity left on the table to recover); the borrower wants the HECM line-of-credit growth feature; the borrower is 55–59 in MA, NY, or WA; or the borrower wants the MIP-funded HUD insurance backstop in a declining market.

How SecureEquity+ compares to the other two live jumbo programs

A side-by-side parameter comparison of HomeSafe (Finance of America Reverse), Platinum Preserve (Longbridge Financial), and SecureEquity+ is on the jumbo overview page. The three programs cluster closely on the $4M loan cap and the age-55 floor; they differ on state availability (HomeSafe carries the NC/TX age-62 exception), LOC variant availability, parent-company strength, and the program-specific contract terms around home-value re-appraisal. Compare the contract language, not the marketing.

A fourth program, Equity Edge, is sometimes still listed by aggregator sites. It was discontinued when Reverse Mortgage Funding LLC filed Chapter 11 on November 30, 2022 and stopped originating. New borrowers cannot apply.

Apply for SecureEquity+ through Mutual of Omaha Reverse →

What sets SecureEquity+ apart is the issuer behind it: Mutual of Omaha has been operating since 1909, and that 116-year balance sheet sits behind a non-FHA product where statutory insurance does not apply. For borrowers who care about parent-company strength on a contractual (rather than insured) non-recourse promise, that backstop is the differentiator. Calculator inputs and outputs: /calculator. The broader HECM-vs-jumbo decision tree is at /jumbo; side-by-side program parameters at /jumbo/jumbo-reverse-mortgage-lenders. Counseling guidance: /guides/reverse-mortgage-counseling. Affiliate-link standard: /disclosures.

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