Your Trusted Reverse Mortgage Specialists in Florida
With years of experience helping Florida homeowners secure their retirement, we are committed to providing honest guidance, expert insights, and reliable reverse mortgage solutions tailored to your financial goals.
Get in TouchWho We Are
At Reverse Mortgage Florida, we believe every homeowner deserves a secure and confident retirement. Our licensed team has helped countless Florida seniors access the true value of their homes through transparent guidance, personalized mortgage strategies, and honest financial insights.
Our mission is simple make the reverse mortgage process clear, empowering, and stress-free. From your first consultation to closing and beyond, we’re here to support your financial confidence.
Why Homeowners Trust Us
With years of specialized experience in Florida reverse mortgages, our clients rely on us for clarity, honesty, and personalized financial guidance that puts their long-term security first.
Proven Expertise
Our licensed specialists bring deep knowledge of reverse mortgages, ensuring you receive accurate guidance every step of the way.
Transparent Support
We make the process clear and pressure-free so you can make decisions confidently with full understanding of your options.
Tailored Solutions
Every homeowner’s needs are different. We customize strategies to fit your goals and long-term financial comfort.
Florida Reverse Mortgage – Questions & Answers
Clear, simple answers to the most common questions homeowners ask about reverse mortgages in Florida.
Reverse Mortgages also known as Home Equity Conversion Mortgages (HECM) enable seniors to stay in their homes while accessing part of their home equity. Created by HUD, they help cover medical costs, social security gaps, home repairs, and more while providing financial security.
A reverse mortgage allows seniors to use built-up home equity however they choose. It provides access to funds while allowing you to stay in your home essentially letting you use your equity without monthly payments and giving you financial freedom.
You must be 62 or older, live in the home as your primary residence, and meet basic property requirements. No income or credit score is required.
No. Reverse mortgage funds are generally not considered taxable income. However, consult your tax advisor for your specific situation.
No. Reverse mortgage proceeds do not count as income, so your Social Security, Medicare, or other senior benefits are not affected.
Eligible properties include single-family homes, 2–4 unit owner-occupied properties, some manufactured homes, townhomes, detached homes, and FHA-approved condos. Homes must meet HUD standards.
The amount depends on your age, home value, interest rates, and FHA loan limits. Older borrowers and higher-valued homes qualify for larger amounts.
You can choose:
- Lump Sum
- Monthly Payments
- Line of Credit
- Or a combination of all options
Traditional equity loans require income, credit, and monthly payments. Reverse mortgages require none of these and you can stay in your home as long as taxes and insurance remain paid.
No. You cannot lose your home for simply living past the loan term. As long as a borrower lives in the home and maintains taxes and insurance, the loan is not due.
Yes. After the loan is repaid, any remaining home equity belongs to you or your heirs. Heirs are never personally responsible for the debt.
Typically the only cost is the appraisal fee. Most other costs can be financed into the reverse mortgage itself.
No. Your home just needs to meet HUD property standards. The reverse mortgage becomes a new FHA-insured loan regardless of your original mortgage.