✓ No FHA Approval Required
✓ Line of Credit Never Expires
✓ Available at Age 55
✓ Loans Up to $4 Million
Most people think a reverse mortgage requires age 62. You may qualify seven years sooner. Our proprietary reverse mortgage is available at age 55 to Florida homeowners. Use the funds to pay off credit card debt without monthly payments. Available ages 55 to 61.
See If You May QualifyNo obligation · No paperwork to get started · We take our time with you
*Borrowers remain responsible for property taxes, homeowners insurance, and HOA fees. This is not a commitment to lend.
Most people don't know they may qualify for a reverse mortgage at age 55 instead of age 62. Our proprietary program opens doors years before the FHA program allows.
Credit card debt at 18 percent or higher is expensive and stressful. Reverse mortgage funds may be used to pay off balances entirely and remove that burden from your life.
Unlike credit cards or traditional loans, a reverse mortgage requires no monthly payments. The loan is repaid only when you sell, move, or pass away.
Retirees and semi-retirees struggle to prove income. With our 720 plus credit score waiver program, no income documentation is required. Fast and simple.
You remain the owner of your home. The reverse mortgage is simply a lien. As long as you pay property taxes and insurance, you stay in your home as long as you wish.
Take all funds as a single lump sum, or use an open line of credit you access on your schedule. You control how and when you use the money.
Real reviews from Florida homeowners who trusted us with their reverse mortgage.
Can I access a reverse mortgage at age 55?
Yes. The FHA government program requires age 62, but our proprietary reverse mortgage is available to Florida homeowners starting at age 55. If you are between 55 and 61, you may qualify for our program now, seven years sooner than the FHA program. This is a private proprietary loan product, not a government program. It does not require FHA or HUD approval, which means your condo community does not need separate government certification to be eligible.
How can a reverse mortgage help pay off credit card debt?
A reverse mortgage provides funds based on your home equity. These funds may be used to pay off credit card debt, consolidate high-interest balances, or address other financial needs. Funds can be received as a lump sum or as an open line of credit you access as needed. Unlike a traditional home equity loan, there are no required monthly mortgage payments. The line of credit never expires, so you can draw from it whenever you need to. Many Florida homeowners use these funds to eliminate credit card balances carrying interest rates of 20% or higher.
What is the 720 credit score waiver program?
If you have a credit score of 720 or higher, no force-placed homeowners insurance in the last 12 months, and no late property taxes or HOA dues in the last 24 months, you may qualify for the Residual Income Waiver. This means no income documentation is required. Many retirees who have difficulty proving income through traditional documentation may benefit from this program. This waiver program is one of the key advantages of our proprietary reverse mortgage over the traditional FHA program.
What is the maximum loan amount?
Our proprietary reverse mortgage program provides loans up to four million dollars in loan amount. The exact amount available to you depends on your age, home value, and current interest rates. This is significantly higher than the FHA program, which has lower limits. Contact us for a free analysis of your specific situation. There is no cost and no obligation for this consultation.
Will I lose my home?
No. You retain full ownership of your home. The reverse mortgage is simply a lien on the property. As long as you continue to pay property taxes, homeowners insurance, and HOA fees, you can live in your home for as long as you wish. The loan is only repaid when you sell, move, or pass away. If the home is worth more than the loan balance at that time, the remaining equity belongs to you or your heirs. This is not a transfer of ownership.
Is this available for investment properties?
No. This reverse mortgage is available for primary residences only. The property must be your main home in Florida. Investment properties and second homes do not qualify. The program is also not available for manufactured homes. Single family homes, townhomes, and most condos in Florida may be eligible, subject to property and borrower approval. Unlike the FHA program, our proprietary reverse mortgage does not require separate government condo community approval, which means many Florida condo owners who were previously unable to access a reverse mortgage may now be eligible.
There is no paperwork required to speak with us. No credit check. No pressure of any kind. Just an honest conversation about your home, your debt, and your options. We serve Florida homeowners from the Panhandle to the Keys, including Tampa, Orlando, Miami, Fort Lauderdale, Jacksonville, Naples, Sarasota, and every community in between. As a licensed Florida mortgage broker, we compare programs from multiple sources to find the option that may work best for your unique situation. Call today or fill out the short form below and a member of our team will reach out to you personally.
Sunshine State Home Loans · Licensed in Florida · Serving homeowners across the entire state
Fill out the short form below and we will prepare your free analysis and reach out within one business day. No paperwork. No commitment. No obligation of any kind.
Please note: Borrowers are always responsible for the payment of property taxes, homeowners insurance, HOA dues, and any special assessments. Failure to meet these obligations may result in the loan becoming due and payable. This is not a commitment to lend. All loans are subject to credit and property approval.
This website is for informational purposes only and does not constitute financial, legal, or tax advice. Reverse mortgage products are subject to eligibility requirements, terms, and conditions. All loans are subject to credit approval. This material is not a commitment to lend. Sunshine State Home Loans is a licensed Florida mortgage broker, not a lender. A reverse mortgage may be able to provide funds to pay off credit card debt; however, the debt obligation is not automatically eliminated. The reverse mortgage becomes a lien on your home. Results vary based on individual circumstances. Borrowers must maintain payment of property taxes, homeowners insurance, and HOA fees. For complete program details, please contact us directly at (727) 244-7076.