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Florida Reverse Mortgage Lenders

Florida is home to a good amount of retirees and seniors who enjoy warm climate almost year around. Residents of cities such as Miami, Orlando, Jacksonvile, all are eligible to take out a reverse mortgage. The money from the reverse mortgage can be used for any purpose. A reverse mortgage should be the last option for seniors who are in need of extra cash. Financial experts recommend considering downsizing into a smaller home or obtaining cash through a different means first before considering a reverse mortgage. Serving senior living communities such as The Villages, Boynton Beach, Lady Lake and Hialaeh.


PS Financial Services LLC
NRMLA #20878
Florida Choice Mortgage Corp.
NRMLA #4752
All Island Mortgage & Funding Corp.
NRMLA #4702
NOVA Home Loans
NRMLA #12093
1st American Senior Funding
NRMLA #6143
Urban Financial of America (UFA)
NRMLA #3858
Liberty Home Equity Solutions, Inc.
NRMLA #5771
Circle Mortgage Corporation
NRMLA #1156
Homestead Funding Corp.
NRMLA #18089
1st Financial Reverse Mortgages
NRMLA #1352

Most Loans By City in Florida

Below are the most popular cities in Florida with the number of HECM reverse home loans originated since 2017. As you can see, it is no surprise that Miami tops the list. Not too far behind are Port Saint Lucie, The Villages, Jacksonville and Orlando. The average initial principal limit varies from city to city. This amount depends on the age of the borrower, property value and equity in the property. For instance, in Port Saint Lucie, the average initial principal limit was $133,632 and in Sarasota, the average was $184,224 but over in Naples, the average initial principal amount was $218,246.

Source: U.S. Department of Housing and Urban Development