A reverse mortgage in Florida helps seniors who would like to stay in their home and not move into any senior assisted living or nursing home until they really need to. You do need to have equity in your home to qualify for a reverse mortgage.
A reverse mortgage can either provide additional monthly cashflow, a lump sum payment, or a combination. There are very few qualifications necessary besides having equity in the home and you must be at least 62 years old or older to qualify. There's no need to qualify based on income or credit history.
Florida HECM Lenders
A reverse mortgage is also commonly called a home equity conversion mortgage by the government. Some of the top HECM lenders in Florida are One Reverse Mortgage, Chase and Bank of America.
Serving major cities such as: Miami
, Jacksonville, Pensacola, Saint Petersburg, West Palm Beach, Melbourne, Tallahassee, Fort Pierce, Daytona Beach, Panama City, Ocala, Clearwater, Hollywood, Brooksville, Vero Beach, Coral Gables, and Orlando in counties such as: Broward County
, Collier County, Hernando County, Hillsborough County, Indian River County, Lee County, Marion County, Orange County, Pinellas County, Sarasota County, Seminole County, Volusia County and Miami-Dade County.