An elderly couple and security provided by a reverse mortgage for retirement

Florida Reverse Mortgage Guide With Types and Requirements

December 22, 2023•1 min read

If you are a homeowner in Florida who is aged 62 or older and looking for a way to access your home equity, then a reverse mortgage might be the right option for you. However, the process of obtaining a reverse mortgage can be confusing and overwhelming, with many requirements to consider.

Verify Your Reverse Mortgage Eligibility

In this guide, we will take you through the different types of reverse mortgages available in Florida and the requirements that come with each. We’ll also provide tips on how to avoid scams and ensure that you make the best decision for your financial future.

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Phil Ganz

Phil Ganz has over 20+ years of experience in the residential financing space. With over a billion dollars of funded loans, Phil helps homebuyers configure the perfect mortgage plan. Whether it's your first home, a complex multiple-property purchase, or anything in between, Phil has the experience to help you achieve your goals.

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For more than 20 years, Phil have been helping customers achieve
their home purchase and refinance goals by providing them with
invaluable resources and support.

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Next Wave Mortgage, LLC | NMLS ID 2536820

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Address

2430 E Commercial BLVD #3,
Fort Lauderdale, FL 33308

Email

[email protected]

Phone

617-529-9317

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