A reverse mortgage is a loan that allows seniors to supplement their income by enabling Florida residents to borrow the equity from their home. Instead of you paying your lender regular monthly payments as you may have done over the years with a traditional forward mortgage, a reverse mortgage works in the opposite manner. With a reverse mortgage, the lender pays you to live in your home, giving you peace of mind and financial independence.

Benefits of a Reverse Mortgage in Florida 

• You remain the owner of your home


• Your money is treated as tax-free income


• You don’t repay the loan until you leave your house

Reverse Mortgage Products in Florida

• Home Equity Conversion Mortgage (HECM) – The most popular reverse mortgage out there making up over 90% of the reverse loans funded, the HECM (pronounced heck-um) is a loan that is insured by the federal government.


• Home Keeper ® - A product of Fannie Mae, the Home Keeper allows you to borrow more money than you would be able to with the HECM loans.


• Cash Account – A product designed specifically for high valued homes, the Cash Account allows seniors to tap into a greater amount of the home’s equity.

How do you apply for the reverse loan?

Find a Florida Reverse Mortgage Lender in our database here and request more information today!