A reverse mortgage is a type of loan that allows homeowners in Florida to access a portion of the equity in their homes. This financial tool is specifically designed for senior citizens, typically those who are 62 years and older.
In Florida, like in other states, there are specific rules and regulations that apply to reverse mortgages.
Verify Your Reverse Mortgage Eligibility
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Next Wave Mortgage is not affiliated with any government agencies. These materials are not from VA, HUD or FHA, and were not approved by VA, HUD or FHA, or any other government agency.
Reverse mortgage borrowers are required to obtain an eligibility certificate by receiving counseling sessions with a HUD-approved agency. The youngest borrower must be at least 62 years old. Monthly reverse mortgage advances may affect eligibility for some other programs.
This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates, and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply.
Complaints may be directed to: [email protected]. For licensing information, please visit http://www.nmlsconsumeraccess.org
