You've paid into your Florida home for decades. A Home Equity Conversion Mortgage (HECM) — the FHA-insured reverse mortgage — converts part of that equity into cash you can use, while you keep living in and owning your home. No monthly mortgage payment is required as long as you live in the home, pay taxes and insurance, and maintain it.
NMLS #1828502At least one borrower must be 62 or older, and the home must be the primary residence. Younger spouses are handled per current HUD rules — ask us about your specific situation.
No. You keep title and ownership. The loan is repaid when the home is sold or the last borrower leaves it — and HECM loans are non-recourse: the estate never owes more than the home's value.
Pros: no required monthly mortgage payment, flexible payout options, non-recourse protection, you stay in your home. Cons: fees and closing costs, reduced equity for heirs, you must maintain taxes and insurance. Get our free process guide for the full picture before deciding.
A licensed originator will reach out within one business day.