State Licensing & Disclosures
JP Dauber · NMLS# 386298
Loan Factory, Inc. · NMLS# 320841
SavvyReverse.com is operated by JP Dauber, NMLS# 386298, on behalf of Loan Factory, Inc., NMLS# 320841. Savvy Reverse is not a separate lender, broker, or company. All lending services are provided through Loan Factory, Inc.
State Licenses
Arizona
Mortgage Banker License #320841
Licensed by the Arizona Department of
Insurance and Financial Institutions
California
Licensed under the California DFPI
Licensed by the California Department of
Financial Protection and Innovation
Colorado
Mortgage Company Registration #320841
Regulated by the Colorado Division of Real Estate
dre.colorado.gov
Florida
Mortgage Lender Servicer License #MLD320841
Licensed by the Florida Office
of Financial Regulation
Idaho
Mortgage Broker/Lender License #MBL-2080320841
Licensed by the Idaho
Department of Finance
Texas
Licensed Mortgage Company
Licensed by the Texas Department
of Savings and Mortgage Lending
Verify Our Licensing
You can independently verify our licensing status through the Nationwide Mortgage Licensing System (NMLS) Consumer Access portal — a free service maintained by state regulators.
Disclosures
General Disclosure
This is not an offer to lend. All loans are subject to credit approval. HECM borrowers must meet FHA eligibility requirements including occupancy, financial assessment, and property standards. HECM loans are insured by the Federal Housing Administration (FHA).
Government Non-Affiliation
Savvy Reverse is not affiliated with or acting on behalf of HUD, FHA, or any government agency. This material has not been reviewed, approved, or issued by HUD, FHA, or any government agency.
HECM Program Information
A Home Equity Conversion Mortgage (HECM) is a loan. As with any mortgage, borrowers are responsible for paying property taxes, homeowner's insurance, and maintaining the property. Failure to meet these obligations may result in the loan becoming due and payable, which could lead to foreclosure. The loan balance grows over time and interest is charged on the outstanding balance. Borrowers who elect a fixed-rate loan will receive a single disbursement lump sum payment. Borrowers are required to receive independent counseling from a HUD-approved counseling agency before obtaining a HECM.
Impact on Government Benefits
Reverse mortgage loan proceeds may affect eligibility for certain government benefits, including Medicaid and Supplemental Security Income (SSI). HECM proceeds generally do not affect Social Security or Medicare eligibility. Consult a qualified benefits counselor or tax advisor for guidance specific to your situation.
Non-Recourse Loan
HECM loans are non-recourse, meaning that borrowers or their heirs will never owe more than the home is worth at the time of repayment, provided the property is sold at fair market value and the loan is otherwise in compliance with loan terms.
Tax Information
HECM loan proceeds are generally not considered taxable income. However, this website does not provide tax advice. Consult a qualified tax professional for guidance on your specific tax situation.
Equal Housing Lender
We are committed to the letter and spirit of the federal Equal Housing Opportunity laws. All loan programs are available on a non-discriminatory basis.