Compare Florida's Best Reverse Mortgages
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Top 10 Reverse Mortgage Lenders in Florida
|Lender Name||Years in Business||Rating||Stars (0-5.0)||Positive Reviews||Complaints||BBB Reviews|
|All Reverse Mortgage, Inc. (ARLO)||15||A+||4.9||99%||1||Source|
|American Advisors Group (AAG)||14||A-||4.1||82%||53||Source|
|Longbridge Financial, LLC||6||A+||3.5||70%||2||Source|
|Reverse Mortgage Funding LLC||6||A+||3.0||50%||8||Source|
|One Reverse Mortgage, LLC (QUICKEN)
|Liberty Home Equity Solutions, Inc. (OCWEN)||15||A+||2.1||42%||2||Source|
|Retirement Funding Solutions (RFS)||9||A+||(N/A)||(N/A)||1||Source|
|Fairway Independent Mortgage||23||A+||2.1||42%||21||Source|
|HighTech Lending Inc.||13||A-||2.0||60%||2||Source|
|Finance of America Reverse LLC (FAR)||15||A+||1.0||20%||2||Source|
All Reverse Mortgage® is proud to be Florida's #1 Rated Reverse Mortgage Lender celebrating 16 years of excellence. We are the only FL company awarded an A+ Rating by the BBB with perfect 5-Star Reviews.
Since we started in 2004, our goal has remained simple: to offer the best terms with unbeatable customer service.
Compare our competitive rates and lower costs to any competitor and realize thousands more from your home’s equity!
The difference is clear, and we can’t wait to show you!
Florida Reverse Mortgage Facts
Top 10 Reverse Mortgage Cities in Florida by MCA (April 2020)
|Port Saint Lucie|
|State||Homeowners Age 62+||Reverse Mortgages Closed Last 12 Months||Purchase Reverse Mortgages Closed Last 12 Months||Lenders in Florida||Avg. Home Value|
HUD Approved Direct Lender
All Reverse Mortgage® is approved with the Department of Housing and Urban Development (HUD) to originate, underwrite and close the HUD Home Equity Conversion Mortgage (HECM, or “Heck-um”). The HECM is HUD’s acronym for their reverse mortgage loan.
All Reverse Mortgage® originates in Florida and offers refinance loans, where borrowers already own their home and are looking to either pay off their existing loan and have no more monthly mortgage payment; or can help borrowers utilize their equity for other purposes if they have no existing loan or possibly a combination of both.
About All Reverse Mortgage® of Florida
The owners and management of All Reverse were part of the team that wrote and sold the first fixed rate jumbo reverse mortgage in 2008 and as such, have extensive experience in jumbo or proprietary loan programs as well.
We are always looking for new products to offer to borrowers of high valued homes in the higher home priced markets that the HUD HECM may just not serve as well. Jumbo or proprietary programs typically offer much lower Principal Limits as they relate to values though so not all borrowers are better served with the jumbo programs.
Only a seasoned originator can readily inform borrowers which program will best suit their needs and the positives and negatives of each so that the borrower can make an informed decision.
It is no longer uncommon anywhere in the country for a market to be a solid HUD HECM market and then within just a short distance for a niche jumbo market to be located where there is a need for a jumbo program.
Therefore, homeowners aged 62 and above in all markets have seen that the reverse mortgage can be a very solid financial tool, and many are now seeking the reverse mortgage to augment their retirement plans and not so much the mortgage of last resort.
Everything from the elimination of existing mortgage payments to the line of credit that grows make reverse mortgage borrowers understand that this program allows them to utilize their homes to not only live comfortably in their family home, but to plan as well.
Florida Lending Limits
The Sunshine state has a population of 21.5 million and 1,695,810 of those people are homeowners age 62 and older, which means more than one-and-a-half million people may be eligible for a reverse mortgage.
The average home value in Florida is $252,309, which is much lower than the HECM reverse mortgage lending limit of $822,375.
Florida was the first region in the continental United States to receive the first European travelers and settlers, including renowned Spanish conquistador Juan Ponce de León, who arrived in what would become Florida in 1513. It was he who first gave the territory its name, La Florida, and the territory largely remained under Spanish control until 1763. That year, in exchange for control of Havana, Cuba, Spain traded Florida to the British Empire.
After skirmishes between the British, Spanish and the newly-formed United States that lasted the better part of a century after Florida changed hands, the territory was welcomed as the 27th state of the United States in 1845. Just 15 years later, Florida would approve of secession and join the Confederacy in the American Civil War. After the Confederacy lost the war in 1865, it took an additional three years for the state’s congressional delegation to be restored in Washington, D.C.
Until the mid-20th century, Florida was actually the least-populous state in the American South, but it started to become more populated as it would gain popularity as both a vacation and retirement destination beginning in the 1920s, when the state enjoyed a land boom. That newfound prosperity was threatened both by two separate devastating hurricanes at the end of the decade and the breakout of the Great Depression, but the state recovered amidst the military buildup of World War II.
Now, Florida is the most populous state in the American Southeast, with its economy being reoriented around both agriculture permitted by its climate as well as tourism.
The state of Florida is most often thought of when people think of a place many Americans go to retire. In fact, there are nearly 2 million homeowners aged 62 and older in the Sunshine State. Florida is also the third-most populous and eighth-most densely populated state in the country. Popular retirement destinations within Florida include The Villages, Boynton Beach, Lady Lake, Clearwater and Naples, among others.
Florida’s economy heavily relies on tourism, agriculture and transportation. The state is known for its beaches, amusement parks, orange farming, the Kennedy Space Center and as a stereotypical area for retirees.
The Orlando, Florida area is known for its concentration of world-renowned theme parks, including the Walt Disney World Resort. It consists of theme parks including the Magic Kingdom, Epcot, Disney’s Hollywood Studios and Disney’s Animal Kingdom. It also includes the water parks Disney’s Typhoon Lagoon and Disney’s Blizzard Beach. The city is also home to the Universal Orlando Resort, which includes Universal Studios Florida, the Islands of Adventure park, the Volcano Bay water park, and which will soon include an entirely new theme park called Epic Universe which is slated to open in 2024.
Florida has many sports teams, which include three NFL teams, two MLB teams, two NBA teams, two NHL teams and one MLS team. Auto racing is also a big deal in the state as Daytona Beach, Florida is the headquarters of NASCAR, which is where the Daytona 500 is held each February.
If you reside in Florida, All Reverse Mortgage® is here to answer your questions.
Other Areas of Interest in Florida
Florida Approved Reverse Mortgage Counseling Agencies
|Agency Name||Phone||Address||Website||Agency ID||Languages|
|CONSUMER CREDIT AND BUDGET COUNSELING, DBA NATIONAL FOUNDATION FOR DEBT MANAGEMENT||866-395-5769||14104 58th St N|
Clearwater, Florida 33760-3758
|HOUSING FOUNDATION OF AMERICA - LAKE WORTH FLORIDA||561-713-1457||8461 Lake Worth Road|
LAKE WORTH, Florida 33467-2474
|HOUSING FOUNDATION OF AMERICA, LAUDERHILL FLORIDA||954-923-5001||1773 N State Road 7|
LAUDERHILL, Florida 33313-5005
|HOUSING FOUNDATION OF AMERICA||786-842-3843||16201 SW 95th Avenue|
MIAMI, Florida 33157-3459
|CCCS OF PUERTO RICO -ORLANDO||787-722-8835||8751 Commodity Cir|
Orlando, Florida 32819-9027
|HOUSING FOUNDATION OF AMERICA||954-923-5001||2400 N University Drive # 200|
PEMBROKE PINES, Florida 33024-3629
|GREENPATH FINANCIAL WELLNESS||888-860-4167||5100 W Kennedy Blvd|
Tampa, Florida 33609-1849
Did you know? Florida state does not mandate in-person counsleing. Visit our counseling page for a list of phone-based counseling agencies and conduct your required counseling from the comfort of your home.
Our Exclusive Programs Designed to Fit Your Needs.
All Reverse Mortgage© has consistently brought exclusive offers to our valued Florida homeowners. Because of our unique process we're able to offer a better federally-insured reverse mortgage with no compromise.
Take a look at some of our competitive rates that you won't find elsewhere:
|Exclusive 3.06% (4.06% APR) Fixed Rate for Life|
|Government Insured & Jumbo Proprietary Programs|
|Flexible Credit Lines from 2.23% with the Industries Lowest Lifetime Rate Exposure|
|ZERO Origination Fee Plans|
|ZERO Financed Closing Cost Plans|
|ZERO Monthly Servicing Fees on ALL programs|
How can we offer you more favorable terms?We are a direct lender approved by FHA (Federal Housing Administration) The HECM is literally all we do. All Reverse Mortgage is not just a name for us. We have a very low (almost non-existent) staff turnover and our people are experts. We don't work with Brokers, allowing us to pass the savings on to you. We don't hire "celebrity" spokespersons as we don't believe you should have to pay for a lender's expensive marketing budget with higher loan costs. We Charge Less! Check out our competition and our customer ratings. We never forget that this loan is about you and your needs and we put you first with superior service and lower costs.
All Reverse vs. the others
HUD approved direct lender.
Working with a local Florida lender saves you time and money.
As an award-winning direct lender our goal remains simple; to offer you the very best terms accompanied by extraordinary customer service.
What Our Customers Are Saying
|"There was no car salesman type of protracted negotiation. All reverse got right down to a good quote without a series of incremental steps."|
|"I was surprised how easy it was to deal with an out of state company. Actually it was much easier than my previous dealings with local banks and brokers"|
|"It is a wonderful feeling to have no mortgage and extra cash in our pocket. We are very happy."|
|"Thank you to All Reverse for handling everything in an efficient and smooth way. Thoroughly appreciate everything you have done to make things easy for me."|
|"This was the smoothest mortgage process I have ever experienced! And so fast!"|