✓ No FHA Approval Required
✓ Line of Credit Never Expires
✓ Available at Age 55
✓ Loans Up to $4 Million
Most reverse mortgage lenders require you to be 62. Our proprietary reverse mortgage is available seven years earlier starting at age 55. No FHA approval required. No upfront mortgage insurance. Available throughout Florida.
Call (727) 244-7076 to Find Out If You QualifyNo obligation · No paperwork to get started · We take our time with you
If you are 55 and you have asked about a reverse mortgage, you have probably been told the same thing: come back when you are 62. That answer applies to one specific product called the FHA Home Equity Conversion Mortgage or HECM. It is a government program with a minimum age requirement of 62. But the HECM is not the only reverse mortgage available. It is just the most common one most lenders offer because it is the easiest to process. We offer a proprietary private reverse mortgage that has its own eligibility criteria. Our minimum age is 55. If you are between 55 and 61 and you own a home in Florida you may qualify right now without waiting.
Our proprietary reverse mortgage is a private loan not insured by FHA or HUD. Because it is not a government loan we are not bound by the government age requirement of 62. We have helped Florida homeowners access their home equity at 55, 56, 57, 58, 59, 60, and 61 who were told by other lenders they had to wait. Subject to property and borrower approval. If you own a home in Florida and you are at least 55 years old we encourage you to find out what you may qualify for.
Available to Florida homeowners starting at age 55. You do not have to wait until 62. If you are between 55 and 61 and you own a Florida home, you may qualify right now. Subject to property and borrower approval.
Your condo community does not need FHA approval. We evaluate each property individually. If your property is in Florida and you are 55 or older, your condo may qualify regardless of whether your community holds FHA or HUD certification.
FHA reverse mortgages charge 2% of your home value at closing for mortgage insurance. On a 400,000 dollar home that is 8,000 dollars. Our proprietary reverse mortgage does not have this fee, which means significantly lower closing costs.
Our line of credit has no expiration date. It remains open as long as you have available funds and you continue to meet your loan obligations, including property taxes, homeowners insurance, HOA dues, and special assessments.
Loan amounts available up to 4 million dollars, suitable for high value Florida properties. This is well above what government HECM loans allow. Subject to approval.
Many of our clients spent months believing no one could help them. Here is what they have to say.
Can I really get a reverse mortgage at age 55 in Florida?
You may qualify for our proprietary reverse mortgage starting at age 55. The standard FHA government program requires age 62 but our private proprietary loan has its own eligibility criteria with a minimum age of 55. Contact us to find out if you may qualify based on your specific situation.
How is this different from the reverse mortgage I was told about?
Most lenders only offer the FHA Home Equity Conversion Mortgage which requires borrowers to be at least 62. Our reverse mortgage is a private proprietary loan not subject to FHA requirements. It has a lower minimum age and does not require FHA condo approval for condominium properties.
What if I have an existing mortgage?
Having an existing mortgage does not automatically disqualify you. In many cases the reverse mortgage proceeds are used to pay off the existing mortgage balance. You would then have no required monthly mortgage payment. Contact us for a free loan comparison showing your specific numbers.
Do I have to make monthly payments?
A reverse mortgage does not require monthly mortgage payments as long as you continue to meet the basic loan obligations. Borrowers remain responsible for property taxes, homeowners insurance, HOA dues, and any special assessments.
How do I find out what I qualify for?
Fill out the short form on this page and we will prepare your reverse mortgage loan comparison and reach out within one business day to walk you through your numbers. No paperwork and no obligation of any kind.
There is no paperwork required to speak with us. No credit check. No pressure of any kind. Just a clear conversation about your home, your situation, and your options, at your pace.
Sunshine State Home Loans, a mortgage broker. Licensed in Florida. Serving homeowners across the entire state.
Fill out the short form below and we will prepare your reverse mortgage loan comparison and reach out within one business day to walk you through your numbers. No paperwork. No commitment. No obligation of any kind.
Please note, Borrowers are always responsible for the payment of property taxes, homeowners insurance, HOA dues, and any special assessments. Failure to meet these obligations may result in the loan becoming due and payable. This is not a commitment to lend. All loans are subject to credit and property approval.
This website is for informational purposes only and does not constitute financial, legal, or tax advice. Reverse mortgage products are subject to eligibility requirements, terms, and conditions. All loans are subject to credit approval. This material is not a commitment to lend. Sunshine State Home Loans is licensed to offer mortgage products in the state of Florida. Results vary based on individual circumstances. For complete program details, please contact us directly at (727) 244-7076.