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
, Tampa, Jacksonville, West Palm Beach, Melbourne, Tallahassee, Gainesville, Boca Raton, Bradenton, Panama City, Hollywood, Punta Gorda, Brooksville, Lakeland, Vero Beach, Hialeah, Coral Gables, and Orlando in counties such as: Broward County
, Alachua County, Charlotte County, Duval County, Escambia County, Hernando County, Hillsborough County, Lake County, Lee County, Leon County, Manatee County, Okaloosa County, Orange County, Pasco County, Pinellas County, Saint Lucie County, Seminole County and Miami-Dade County.