SeniorHomes.net has partnered with top Florida reverse mortgage lenders helping senior homeowners the ability for them to stay in their homes while receiving either an upfront lump sum payment, monthly payment, line of credit or some combination of the previous 3.
Reverse Mortgage Lenders in FL
Qualifying for a reverse mortgage are relatively simple when compared to a traditional mortgage.
Borrower must be 62 or older (if multiple borrowers, at least one must be 62)
Property must be HUD approved (a single family home or a 2-4 unit home with the borrower living in one of the units, some condo units)
Take a HUD approved counseling session about a reverse mortgage
Miami-Dade County, Broward County, Palm Beach County, Orange County, Hillsborough County, Duval County
Important Information: Reverse Mortgages are neither "endorsed" nor "approved" by the Federal Government. The FHA (Federal Housing Administration) provides certain insurance benefits for lenders and borrowers in connection with the lender’s HECM loans; the FHA does not make or originate loans. It is strongly advised that you consult with your family and / or trusted financial planner when considering any reverse mortgage loan.